Intra-Day Market Moving News and Views

Update Time: 21 May 2020 04:30GMT

EUR/USD - 1.0963.. Despite resumption of recent upmove to a near 3-week high of 1.0999 in New York morning due to broad-based usd's weakness on risk-on trades (the Dow gained 1.5%), euro retreated to 1.0958 as the greenback caught a bid in Asian morning following U.S. Trump's tweet with his China bashing comments.

Intra-day retreat suggests recent upmove has possibly made a temporary top n range trading with downside bias is envisaged until European open.
Offers are tipped at 1.0985/95 with stops above 1.0800, more stops are reported above May's 1.1018 high.
Bids are noted at 1.0960-55 with stops touted below 1.0850 and more below 1.0920.

Today is PMI day in the euro area, however, many European centres are closed for Ascension Day holiday, most notably Germany & France. Please refer to our Economic Indicators page for details. ECB board member Panetta will speak at online conference in Frankfurt at 07:35GMT.

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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex Analysis

Editors’ Picks

EUR/USD moves closer to 1.1100 amid upbeat market mood

EUR/USD is trading well above 1.1050, hitting new 8-week highs. US data was mixed with a ray of light coming from continuing claims. Hopes about the EU Fund and reopenings trump Sino-American relations.


AUD/USD retreats ahead of the close as US equities turn red

After spending most of the day within positive levels, US indexes turned south ahead of the close, dragging the Aussie alongside. AUD/USD still up for the day in the 0.6630 price zone.


Goldman Sachs puts Bitcoin on par with Gold

One of the world's largest investment banks, Goldman Sachs, announced a conference for its clients entitled “Implications of Current Inflation, Gold and Bitcoin Policies”

Read more

Gold: Limited gains below the $1730/oz level for XAU/USD

After bouncing from the 1690/1700 price zone XAU/USD is stalling below the 1730 resistance and the 50 SMA on the four chart. The picture is mixed as it seems the metal is challenging a tough resistance near the 1730 level.

Gold News

WTI oil prices rally on gasoline demand and hopes of output cuts’ extension

WTI crude oil prices have appreciated more than 5% on Thursday to reach $34 and approach two-month highs. Investors' optimism about an increase of gasoline demand and speculation of an OPEC+ deal to extend output cuts are driving crude prices higher.

Oil News

Forex Majors