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

AceTrader Team AceTrader

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.

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AceTrader Team

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