Intra-Day Market Moving News and Views
30 Jul 2014 09:00GMT
EUR/USD - .... EZ economic sentiment, services sentiment n consumer confidence were reported at 102.2, 3.6 n -8.4 vs forecasts of 101.8, 4.4 n -8.4 respectively.
Euro shows muted reaction to slightly higher-than-expected EX economic confidence index, a survey of consumer confidence after hitting fresh 8-month low of 1.3395 earlier in Europe.
Offers are reported at 1.3415/25 with stops abv there, more selling interest is touted at 1.3440/45. Although some stops were tripped when price penetrated 1.3400, bids at 1.3395/90 contained weakness, suggesting euro may edge higher ahead of release Germany CPI at 12:00GMT, then U.S. ADP private payrolls & the key Q2 GDP at 12:15GMT & 12:30GMT respectively.
30 Jul 2014 08:00GMT
EUR/USD - ... The single currency met renewed selling interest at 1.3415 in Asia n dropped below 1.3400 for the first time since early Nov 2013 to a fresh 8-1/2 month trough at 1.3395/96 in early European morning on dlr's broad-based strength.
As price continues to remain under pressure in Europe, downside bias remains for further weakness to 1.3370/80 n traders shud look to sell on intra-day recovery.
Offers have been lowered to 1.3410/20 n more abv at 1.3430/35 with stops building up abv there whilst initial bids are noted at 1.3370/80.
30 Jul 2014 09:00GMT
EUR/USD - .... EZ economic sentiment, services sentiment n consumer confidence were reported at 102.2, 3.6 n -8.4 vs forecasts of 101.8, 4.4 n -8.4 respectively.
Euro shows muted reaction to slightly higher-than-expected EX economic confidence index, a survey of consumer confidence after hitting fresh 8-month low of 1.3395 earlier in Europe.
Offers are reported at 1.3415/25 with stops abv there, more selling interest is touted at 1.3440/45. Although some stops were tripped when price penetrated 1.3400, bids at 1.3395/90 contained weakness, suggesting euro may edge higher ahead of release Germany CPI at 12:00GMT, then U.S. ADP private payrolls & the key Q2 GDP at 12:15GMT & 12:30GMT respectively.
30 Jul 2014 08:00GMT
EUR/USD - ... The single currency met renewed selling interest at 1.3415 in Asia n dropped below 1.3400 for the first time since early Nov 2013 to a fresh 8-1/2 month trough at 1.3395/96 in early European morning on dlr's broad-based strength.
As price continues to remain under pressure in Europe, downside bias remains for further weakness to 1.3370/80 n traders shud look to sell on intra-day recovery.
Offers have been lowered to 1.3410/20 n more abv at 1.3430/35 with stops building up abv there whilst initial bids are noted at 1.3370/80.
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