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.
Recommended Content
Editors’ Picks
EUR/USD trades weak below 1.0800 amid Good Friday lull, ahead of US PCE
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action.
GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance.
Gold price sits at all-time highs above $2,230, US PCE eyed
Gold price hit all-time highs at $2,236 on Thursday to finish Q1 2024 with a bang. Most major world markets, including the US are closed due to Holy Friday, leaving volatility around Gold price highly subdued. US PCE inflation and Powell are awaited.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.