Intra-day Market Moving News and Views
29 Jul 2015 07:38GMT
EUR/USD - ...... Although euro climbed higher after meeting renewed buying interest at 1.1058 in Australia, offers at 1.1080-90 capped intra-day gain at 1.1084 in Asia and the single currency later ratcheted lower to a low of 1.1030 in European morning due to speculation of a 'hawkish' Fed statement later today.
Earlier in European session, the research group Gfk showed that its index of Germany's consumer climate remained unchanged at 10.1 in August, from 10.1 in the preceding month. Later, a separate report from INSEE said that French consumer confidence fell to 93 in July, from 94 in the preceding month.
At present, offers are tipped at 1.1050-60 with mixture of offers and stops at 1.1070-80.
On the downside, mixture of bids and stops are reported at 1.1020-10, however, more buying interest is touted at 1.1000-1.0980 area.
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