Intra-Day Market Moving New and Views
27 Aug 2014
EUR/USD - .... The safe-haven eur/chf cross rebounded in NY yesterday as tensions in Gaza & Ukraine eased.
Bloomberg reported Russian President Vladimir Putin said talks with his Ukrainian counterpart Ukrainian President Petro Poroshenko at a summit of the Customs Union trading bloc in Minsk "positive". He added "Russia, for its part, will do everything for this peace process."
Putin also said he sees an agreement on further deliveries of humanitarian supplies to Ukraine, which was angered by what it said was an unauthorized aid convoy consisting of hundreds of Russian trucks to Luhansk last week.
Ukraine n Russia are planning military consultations, Russia's Interfax news service cited Poroshenko as saying. Energy negotiations will also resume on Aug. 29.
Earlier, the single currency continues its recent losing streak and easily penetrated o/n NY low at 1.3164 to a fresh near 1-year trough of 1.3152 after tripping stops below said yesterday low, however, bids above rumoured 1.3150 option barrier contained intra-day weakness.
We may well see a repeat of the price action seen in last 2 days in Asia, that is euro hits intra-day lows at Asian open n then stages a decent recovery into European open b4 coming off later in the day, so chasing present decline is not a good bet. Bids are noted at 1.3150 n more above daily sup at 1.3105, on the upside, offers are tipped at 1.3175/80 n more above would stop (fairly large) touted above 1.3220, suggesting selling the single currency on rally is the way to go.
Eco. data from the EZ today which may move price are Germany Gfk consumer confidence index at 06:00GMT, then French bus. confidence at 06:45GMT and then Italy's consumer confidence at 08:00GMT. No data are due out from the U.S. today.
27 Aug 2014
EUR/USD - .... The safe-haven eur/chf cross rebounded in NY yesterday as tensions in Gaza & Ukraine eased.
Bloomberg reported Russian President Vladimir Putin said talks with his Ukrainian counterpart Ukrainian President Petro Poroshenko at a summit of the Customs Union trading bloc in Minsk "positive". He added "Russia, for its part, will do everything for this peace process."
Putin also said he sees an agreement on further deliveries of humanitarian supplies to Ukraine, which was angered by what it said was an unauthorized aid convoy consisting of hundreds of Russian trucks to Luhansk last week.
Ukraine n Russia are planning military consultations, Russia's Interfax news service cited Poroshenko as saying. Energy negotiations will also resume on Aug. 29.
Earlier, the single currency continues its recent losing streak and easily penetrated o/n NY low at 1.3164 to a fresh near 1-year trough of 1.3152 after tripping stops below said yesterday low, however, bids above rumoured 1.3150 option barrier contained intra-day weakness.
We may well see a repeat of the price action seen in last 2 days in Asia, that is euro hits intra-day lows at Asian open n then stages a decent recovery into European open b4 coming off later in the day, so chasing present decline is not a good bet. Bids are noted at 1.3150 n more above daily sup at 1.3105, on the upside, offers are tipped at 1.3175/80 n more above would stop (fairly large) touted above 1.3220, suggesting selling the single currency on rally is the way to go.
Eco. data from the EZ today which may move price are Germany Gfk consumer confidence index at 06:00GMT, then French bus. confidence at 06:45GMT and then Italy's consumer confidence at 08:00GMT. No data are due out from the U.S. today.
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