Intra-day news and views and data to be released today – EUR/USD
|Intra-day market moving news and views
Update Time: 05 Aug 2021 05:30GMT.
EUR/USD - 1.1833.. Euro remains under pressure in Asia following Wednesday's selloff from 1.1899 to 1.1834 in New York morning on broad-based USD's rally as despite intra-day jump to 1.1899 after downbeat U.S. ADP private payrolls, the release of robust US ISM non-mfg index which hit a record high n then-Fed Clarida's hawkish comments caught the market wrong-footed n triggered a ferocious broad-based short-covering rally in the greenback.
As Wednesday's renewed USD's strength continues to weigh on the single currency, a daily close below 1.1800 handles would strongly suggest correction from July's 3-1/2 month bottom at 1.1753 has ended at 1.1909 last Friday n yield further weakness to 1.1771/73.
Offers are tipped at 1.1840/50 n more above with stops reported above 1.1900.
Some bids are noted at 1.1835/30 with some stops below there, more stops are touted below 1.1800.
On the data front, we have German industrial orders, France's industrial output n the EU's economic bulletin.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.