Intra-Day Market Moving News and Views
EUR/USD - ..... The single currency continues its holding pattern in European trading as the choppy sideways movements seen in last 2 days suggest further range trading would continue on Friday after forming a temporary base earlier at Tuesday's fresh near 14-month trough at 1.2860.
Although euro is happy to let sterling to remain on centre stage, the release of a slew of eco. data may cause a little bit of volatility. Italy will release industrial output at 08:00GMT, then at 09:00GMT, eurozone will release employment figures plus CPI data from Italy.
As market is still very short on the euro (pay attention to CFTC's release on net short positions later today), buying interest shud emerge on dips.
For now, bids are noted at 1.2915-05 n more below with stops below 1.2880, however, there is market chatter of good buying interest at 1.2860-50.
On the upside, offers are tipped at 1.2950/60 with stops above 1.2965, however, more offers are reported at 1.2980/90.
Ukraine President Poroshenko welcomed EU sanctions against Russia, they underlined European solidarity with Kiev; there could be no military solution of Ukraine crisis, reaffirmed support for some decentralization of power regions.
EU frozen asset on leading Russian members of Parliament incl Igor Lebedev, Vladmir Zhirinovsky.'
Recommended Content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.