Intra-day Market Moving News and Views
05 May 2015 08:24GMT
EUR/USD - ....... ECB's Noyer adds 'there is a risk that Greek banks may run out of collateral to obtain emergency ECB liquidity if the situation continues.' ....more on this, read earlier report.
Despite a brief bounce to 1.1147 at European open, renewed selling interest quickly emerged n knocked price down below Mon's low at 1.1122 to 1.1091.
Looks like consolidation with downside bias wud be seen ahead of the release of euro zone's Producer Price reports at 09:00GMT n selling the euro on intra-day recovery is recommended.
Offers from various accounts are noted at 1.1115/20 and more at 1.1130-40 with a mixture of offers n stops located at 1.1150-60.
On the downside, bids are placed at 1.1060-50 and then 1.1045/40 with stops emerging just below 1.1020.
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