Intra-Day Market Moving News and Views
Update Time: 14 Aug 2019 03:00GMT
EUR/USD - 1.177.. Euro remains on the back foot in subdued Asian morning as the Japanese took centre stage following yesterday's rally vs the usd in New 3York on upbeat U.S.-China trade news n then today's release of downbeat China data.
Despite yesterday's bounce from 1.1183 (Asia) to intra-day high of 1.1228 shortly after New York open, usd's broad-based rally vs G4 currencies following said positive U.S.-China trade news knocked the euro to session lows of 1.1171, suggesting further choppy trading below Aug's 1.1249 high would continue n present softness suggests consolidation with downside bias remains.
Offers are tipped at 1.1190/00 n more above with stops reported earlier above 1.1250.
While bids are noted at 1.1170-60 with stops below there.
The euro area countries will release a slew of eco. data starting with France's unemployment, Germany's prel. Q2 GDP, France's CPI nand then EU's employment change, Q2 GDP and industrial production.
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 hovers around 1.0700 after German IFO data
EUR/USD stays in a consolidation phase at around 1.0700 in the European session on Wednesday. Upbeat IFO sentiment data from Germany helps the Euro hold its ground as market focus shifts to US Durable Goods Orders data.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold price trades with mild negative bias, manages to hold above $2,300 ahead of US data
Gold price (XAU/USD) edges lower during the early European session on Wednesday, albeit manages to hold its neck above the $2,300 mark and over a two-week low touched the previous day.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.