AceTraderFx Jan 7: Intra-day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
07 Jan 2016 04:32GMT
EUR/USD - ..... Euro staged a surprise rally in Asian morning following yesterday's wild swings in European and New York sessions.
Despite initial retreat to 1.0774 at Asian open after o/n brief jump to 1.0799/00 in New York afternoon following release of mildly dovish FOMC minutes, intra-day selloff in dlr/yen triggered broad-based dlr rally vs European currencies, the pair briefly penetrated 1.0800 res after tripping stops above there and price resumed intra-day gain to 1.0826 before easing.
Euro's intra-day rise above 1.0800 suggests consolidation with upside bias would be seen in European morning.
However, do pay attention to the release of a slew of data with German factory orders and retail sales at 07:00GMT, then later we have Italy's unemployment followed by various EZ confidence index, unemployment n retail sales.
Bids have been raised to 1.0800-1.0790 and more below with stops touted below 1.0770.
Offers are reported at 1.0835/40 with stops above there.
Intra-Day Market Moving News and Views
07 Jan 2016 04:32GMT
EUR/USD - ..... Euro staged a surprise rally in Asian morning following yesterday's wild swings in European and New York sessions.
Despite initial retreat to 1.0774 at Asian open after o/n brief jump to 1.0799/00 in New York afternoon following release of mildly dovish FOMC minutes, intra-day selloff in dlr/yen triggered broad-based dlr rally vs European currencies, the pair briefly penetrated 1.0800 res after tripping stops above there and price resumed intra-day gain to 1.0826 before easing.
Euro's intra-day rise above 1.0800 suggests consolidation with upside bias would be seen in European morning.
However, do pay attention to the release of a slew of data with German factory orders and retail sales at 07:00GMT, then later we have Italy's unemployment followed by various EZ confidence index, unemployment n retail sales.
Bids have been raised to 1.0800-1.0790 and more below with stops touted below 1.0770.
Offers are reported at 1.0835/40 with stops above there.