Intra-day news and views and data to be released today – EUR/USD
|Intra-Day Market Moving News and Views
Update Time: 17 Sept 2020 05:30GMT
EUR/USD - 1.1765... The single currency went through a roller-coaster ride yesterday as despite rising from Asian low at 1.1830 to session highs at 1.1882 in European morning, price dropped to 1.1810 in New York morning. The pair then briefly rebounded to 1.1854 before swiftly falling to 1.1789 on usd's strength in post-FOMC trading together with cross-selling of euro especially vs sterling. Price then met renewed selling at 1.1819 in Australia today and fell to 1.1761 in Asia before stabilising.
Euro's intra-day break below yesterday's low at 1.1789 suggests early recovery from last Wednesday's near 4-week trough at 1.1754 has ended at 1.1917 last Thursday and consolidation with downside bias remains for a re-test of said support, break would extend decline from 107.04 (August) to 1.1712 later.
Offers are now seen at 1.1780/90 and more above at 1.1800/10 with stops building up above there whilst initial bids are noted at 1.1700/10.
Data to be released on Thursday
Swiss trade balance, exports, imports, Italy trade balance, EU construction output, HICP, core HICP, UK BoE interest rate decision, BoE asset purchase program, BoE QE total, BoE QE corporate bond purchases, BoE MPC vote hike, BoE MPC vote unchanged, BoE MPC vote cut.
U.S. building permits, housing starts, initial jobless claims, continued jobless claims, Philadelphia Fed manufacturing survey, and Canada ADP employment change.
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