Intra-day Market Moving News and Views
03 Aug 2015 07:37GMT
EUR/USD - ...... Although euro staged a bounce from 1.0966 to 1.0996 shortly after European open, price edged lower to 1.0974 as fall of Greek ATG equity index weighed on demand for the single currency (The Athens General Index is currently down more than 20% on its reopening on Monday after a 5-week closure).
Investors are now awaiting the release of mfg PMI from France, Germany and euro zone at 07:50GMT, 07:55GMT and 08:00GMT respectively.
As mentioned previously, order board is pretty thin with some bids noted 1.0930-1.0920 and stops below there, more stops are touted below 1.0890.
On the upside, offers from various accounts are tipped in 1.1020-30 region and more at 1.1040-50 with stops building up above 1.1080.
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