Intra-Day Market Moving News: 30Apr 2015 02:12GMT
Euro acted like a raging bull on Wed and rallied strongly to a fresh 7-week high of 1.1188 in NY morning after a surprised sharply lower-than-expected U.S. GDP, however, profit-taking checked intra-day gain and price fell briefly but sharply to 1.1076 following release of Fed statement before recovering. Later, euro climbed back to 1.1129 near NY close and then moved sideways in subdued Asian morning.
Further sideways move ahead of European open is likely to be seen as investors are awaiting for the release of important unemployment reports fm Germany and euro zone at 07:55GMT and 09:00GMT respectively.
Having said that, investor should also pay attention to the release of inflation data from the euro zone n Italy at 09:00GMT.
Market forecast for German unemployment change to come in at -13K in Apr and a slight drop in euro zone's unemployment rate to 11.2% in Apr from 11.3% in preceding month.
At the moment, bids are noted at 1.1105/00 and then 1.1080-70 with mixture of bids and stops located at 1.1060-1.1050.
On the upside, offers are reported at 1.1160-70 and more at 1.1180-90 with stops building above 1.1200.
Thursday will see the release of New Zealand's interest rate decision, U.K. GfK consumer confidence, Japan's industrial output prelim., IP forecast, Australia's imports and exports, Japan's construction orders and housing starts, Swiss KOF indicators, Germany's unemployment rate, eurozone flash inflation and unemployment rate, U.S. PCE price index, core PCE and Chicago PMI.
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