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.'
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