Intra-Day Market Moving News and Views
EUR/USD - ..... The single currency continues its holding pattern in European trading as the choppy sideways movements seen in last 2 days suggest further range trading would continue on Friday after forming a temporary base earlier at Tuesday's fresh near 14-month trough at 1.2860.
Although euro is happy to let sterling to remain on centre stage, the release of a slew of eco. data may cause a little bit of volatility. Italy will release industrial output at 08:00GMT, then at 09:00GMT, eurozone will release employment figures plus CPI data from Italy.
As market is still very short on the euro (pay attention to CFTC's release on net short positions later today), buying interest shud emerge on dips.
For now, bids are noted at 1.2915-05 n more below with stops below 1.2880, however, there is market chatter of good buying interest at 1.2860-50.
On the upside, offers are tipped at 1.2950/60 with stops above 1.2965, however, more offers are reported at 1.2980/90.
Ukraine President Poroshenko welcomed EU sanctions against Russia, they underlined European solidarity with Kiev; there could be no military solution of Ukraine crisis, reaffirmed support for some decentralization of power regions.
EU frozen asset on leading Russian members of Parliament incl Igor Lebedev, Vladmir Zhirinovsky.'
Recommended Content
Editors’ Picks
EUR/USD steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.