Intra-Day Market Moving News and Views
18 Dec 2018 03:44GMT
EUR/USD - 1.1354.. Euro maintains a firm undertone in Asia after y'day's rise fm 1.1300 (NZ) to 1.1358 in NY due to usd's weakness after downbeat U.S. data, falling Treasury yields n then a 500-point point drop in the Dow.
Intra-day marginal gain to 1.1360 suggests consolidation with upside bias remains for strg retracement of last week's decline fm 1.1443 to 1.1370 (Fri) twd 1.1393, however, 1.1443 should cap upside. Having said that, pay attention to release of key German Ifo data at 09:00GMT where a soft reading may prompt minor selling (this presents buying opportunity) b4 prospect of another rise later. Bids are noted at 1.1330-20 n more below with stops below 1.1300, offers are tipped at 1.1380/90 with stops abv 1.1400.
Apart from Germany's Ifo data, we have ECB's VP de Guindos n ECB's speaking during European morning.
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.
Recommended Content
Editors’ Picks
EUR/USD stays below 1.0800 after upbeat US data
EUR/USD stays under bearish pressure and trades slightly below 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
Gold clings to strong daily gains above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.