Intra-Day News and Views & data to be released today - EUR/USD
|Intra-Day Market Moving News and Views
Update Time: 15 Mar 2019 03:00GMT
EUR/USD - 1.1315... The single currency remained under pressure in Asia yesterday after a brief rise to 1.1341 in Australia and retreated to 1.1312 at European open.
Price met renewed selling at 1.1336 n dropped to session lows at 1.1294 in New York morning on usd's strength. However, euro has pared some of its losses and staged a rebound 1.1316 in Asia today due partly to cross-buying in euro especially vs sterling.
Euro's rebound from New York low 1.1294 suggests the pullback from 1.1341 has ended there and consolidation with upside bias remains.
Bids are now seen at 1.1300/10 with stops building up below there whilst initial offers are noted at 1.1360/70.
There is a slew of economic data to be released from the eurozone today but traders should pay attention to the release of EU final inflation figures at 10:00GMT.
Street forecasts for mm n yy are 0.3% and 1.5% vs previous readings of -1.0% and 1.5%.
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