Intra-Day Market Moving News and Views
Update Time: 06 Jan 2020 04:30GMT
EUR/USD - 1.1166.. Euro moves narrowly in subdued Asian trading as market focus is on the safe-haven yen as well as gold n oil. Having said that, the single currency went through a 'roller-coaster' ride in hectic Fri session.
Price met renewed selling in Asia at 1.1178 Friday and tumbled to a near 1-week low of 1.1126 (Europe) due to active selling in eur/yen and eur/chf crosses, however, release of downbeat U.S. data hurt the usd n triggered active short covering in euro, price later rallied to session highs of 1.1180 before retreating to 1.1153 near the close. As rebound from 1.1126 suggests pullback from last Tue's 4-1/2 month peak has possibly ended, consolidation with upside bias is seen. Bids are noted at 1.1160-50 with stops below 1.1125.
Offers are noted at 1.1180-00 area with stops touted above 1.1200/05.
Today is PMI day in the euro area countries, Germany will kick off 2ith retail sales, Italy will release Markit services PMI for Dec, then the same fm France, Germany n then the EU as well as Setix sentiment index n PPI.
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.