Intra-Day Market Moving News and Views
22 Sept 2017 2:40GMT
EUR/USD - 1.1954. Euro maintains a firm undertone in Asia following yesterday's cable-led rebound to 1.1954 in New York morning. Intra-day decline in usd/yen n usd/chf due to renewed geopolitical tensions on the Korean Peninsular has led to broad-based usd weakness vs the European currencies in Asia, suggesting choppy consolidation with mild upside bias remains ahead of European open.
Bids are noted at 1.1930-20 with stops below 1.1890, more stops are reported below 1.1860.
Offers are tipped at 1.1975/85 and more above with stops above 1.2000.
Today is PMI day in the euro area countries, France will release Markit mfg n services PMIs, then the same from Germany and then the EU.
Pay attention to speeches by a great number of ECB officials including ECB President Draghi (please refer to our EI page for details).
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