Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 16 May 2019 03:00GMT

EUR/USD - 1.1208.. Euro moves narrowly in subdued Asian morning after yesterday's rebound from 1.1178 to 1.1225 following news of Trump's auto-tariffs delay, however, as price later retreated to 1.1198 in New York afternoon, Asian traders are on the sidelined and would wait for reaction from their European counterparts later. 

Despite the decline from this week's high at 1.1265 (Monday) to 1.1178 yesterday, subsequent bounce to 1.1225 suggests euro is likely to 'gyrate' inside recent 1.1265-1.1135 broad range and near term upside remains for another rise towards upper indicated level later today.
Bids are noted at 1.1200-1.1390 and more below with stops reported below 1.1175 and then below 1.1160. 
Offers are tipped at 1.1220/25 with stops above 1.1250, then more are reported above 1.1270. 

The euro area countries will release a slew of eco. data (pls refer to EI page for details). Today is the meeting of euro zone FinMins in Brussels n many key ECB officials will be participate in this event as well as making speeches, pay attention to speech by ECB Chief Economist Praet at at 07:30GMT n also comments by ECB President Draghi who will participate in the Eurogroup meeting. 

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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD depressed around 1.1260 as recovery loses steam

The EUR/USD pair attempted to recover some ground but lost momentum around 1.1280, now near daily lows. Majors confined to tight intraday ranges amid a limited macroeconomic calendar, central banks’ pessimism. 

EUR/USD News

GBP/USD accelerates decline after losing the 1.2550 level

The Sterling is among the weakest currencies, undermined by Brexit turmoil. GBP/USD extends decline to fresh daily lows. Dollar still down against most major rivals. 

GBP/USD News

USD/JPY: unable to recoup the 108.00 level

Mixed Chinese data fell short of spooking growth concerns, Q2 GDP at 27 years low. Quiet macroeconomic start to the week in Europe and the US. USD/JPY short-term bearish as long as it remains below the 108.30 level.

USD/JPY News

Forex Today: USD attempts a comeback, China growth slows, and Bitcoin recovers

The Chinese economy grew by 6.2% y/y in Q2, the weakest expansion in 27 years. Activity data showed a dramatic improvement, Antipodeans advanced further, Asian stocks traded mixed.

Read more

Gold erases daily upside, sits comfortably above $1400

Despite a drop below the critical handle of $1400 last week, the troy ounce of the precious metal closed at $1415 but failed to push higher on Monday. As of writing, the XAU/USD pair was trading at $1410, losing nearly $5 on a daily basis.

Gold News

Majors

Cryptocurrencies

Signatures