Intra-day Market Moving News and Views
02 Jul 2015 08:20GMT
EUR/USD - ...... Although the single currency recovered after early intra-day fall to 1.1032 ahead of Asian open and then staged a brief rise to 1.1087 in European morning in part due to cross-buying in euro, renewed selling quickly emerged there and knocked price down to 1.1048.
Looks like range bound inside 1.1032-1.1087 would continue ahead of NY open as investors are reluctant to enter large positions ahead of the release of important U.S. jobs report in NY morning.
At the moment, offers are noted at 1.1070-80 and then around 1.1200 with stops building up just above there, whist bids are tipped at 1.1040/35 and more around 1.1020/15 with mixture of bids and stops at 1.1000.
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