Intra-Day Market Moving News and Views
17 Jul 2014 09:02GMT
EUR/USD - 1.3533... Euro zone Jun inflation 0.1% m/m n 0.5% y/y, in line with expectations. Euro zone Jun inflation ex-food n energy 0.1% n 0.8%, same as forecasts.
Earlier Euro edges higher in European trading as buying interest at 1.3521/20 lifted the single currency. Intra-day broad based buying of euro vs usd, gbp & yen suggests the single wud gain a bit of respite n sideways consolidation abv y'day's 6-week low is expected.
On the upside, offers are tipped at 1.3540-50 n more abv with some stops abv 1.3570/80. On the downside, bids are reported below 1.3520 with indicated option defense at 1.3500.
EBRD (The European Bank for Reconstruction and Development) said notes EC decision concerning bank's lending in Russia n will now be consulting all shareholders on the implications.
Despite re-test y'day's 1.3521 low at European open, euro has edged higher on intra-day broad-based short-covering in the euro esp vs usd & gbp.
17 Jul 2014 09:02GMT
EUR/USD - 1.3533... Euro zone Jun inflation 0.1% m/m n 0.5% y/y, in line with expectations. Euro zone Jun inflation ex-food n energy 0.1% n 0.8%, same as forecasts.
Earlier Euro edges higher in European trading as buying interest at 1.3521/20 lifted the single currency. Intra-day broad based buying of euro vs usd, gbp & yen suggests the single wud gain a bit of respite n sideways consolidation abv y'day's 6-week low is expected.
On the upside, offers are tipped at 1.3540-50 n more abv with some stops abv 1.3570/80. On the downside, bids are reported below 1.3520 with indicated option defense at 1.3500.
EBRD (The European Bank for Reconstruction and Development) said notes EC decision concerning bank's lending in Russia n will now be consulting all shareholders on the implications.
Despite re-test y'day's 1.3521 low at European open, euro has edged higher on intra-day broad-based short-covering in the euro esp vs usd & gbp.
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