Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
14 Jun 2018 03:00GMT

EUR/USD - 1.1793.. The single currency stand tall in subdued Asian trading following o/n impressive rally in post-FOMC New York from 1.1726 to 1.1801, then marginally higher to 1.1805 ahead of Asian open before easing on profit taking.

As market has more or less brushed off Fed's widely rate hike and hawkish rate outlook for 2 more rate increased this year n all eyes are on today's special ECB's live meeting in Riga, Latvia where traders are awaiting QE exit (tapering) from the horse's (ECB President Draghi's) mouth, if he explicitly announcement QE tapering, then euro will rally, if not, the single currency will tank as market is going into the ECB meeting 'long'.
For now, order book is pretty thin after FOMC, bids are noted at 1.1780-60 area and more below with stops touted below 1.1720.
Offers are tipped at 1.1810/20 with stops reported above 1.1840/50.

Ahead of ECB rate decision, we have Germany's final CPI and HICP n then France's CPI. French MinFin Le Maire will speak in Paris at 06:15GMT.

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