Intra-Day Market Moving News and Views
02 Feb 2016 09:10GMT
EUR/USD - ...... Although euro rose above yesterday's high of 1.0913 (New York) to 1.0919 in Asia, price retreated on renewed cross-selling in euro vs yen and then dipped to 1.0896.
Later, buying interest emerged around 1.0900 level and lifted price 1-tick above following the release of mixed Germany's unemployment reports.
On Tuesday, Germany's Federal Statistics Office said the unemployment rate fell to a seasonally adjusted 6.2% in January from 6.3% a month earlier. Market had expected the jobless rate to hold steady at 6.3% last month.
Meanwhile, data showed that the number of unemployed people decreased by a seasonally adjusted 20,000 last month, better than expectations for a drop of 7,000.
Jobless claims fell by 16,000 in December, whose figure was revised from a previously reported decline of 14,000.
At present, bids are noted at 1.0900-1.0890 and more around 1.0870 with stops below 1.0850.
On the upside, offers are reported at 1.0930-40 and then 1.0960-70 with stops above there.
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