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.
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