Intra-Day Market Moving News and Views

Update Time: 10 July 2020 05:30GMT

EUR/USD - 1.1270.. Euro gained no respite in hectic Asian trading following selloff from Thursday's fresh 3-week high of 1.1371 (EBS) to 1.1281 as usd regained traction of broad-based buying due to risk-off trade, price met renewed selling ahead of Asian open at 1.1290 n fell to 1.1271 after tripping stops below 1.1280 n stops below 1.1260 are now in focus.

Despite resumption of erratic rise from last week's low at 1.1186 Wed) to 1.1371 yesterday, euro's selloff from there suggests further volatile swings below June's 3-month peak at 1.1422 would continue with downside bias, so selling on recovery is favoured for subsequent weakness to 1.1220.
Offers are tipped at 1.1300/05 with stops above 1.1320 whilst bids are noted at 1.1265/60 n more at 1.1230/20.

The euro area countries will release a slew of eco. data, please refer to our EI page for details. There is EU FinMin meeting in Brussels n ECB Vice President de Guindos will participate via videoconference

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.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD remains sub-1.2100 after upbeat US data

US Producer Prices rose by more than anticipated, while unemployment claims shrank by more than anticipated. EUR/USD keeps trading below 1.2100 as investors eye firmer government bond yields.


GBP/USD under pressure below 1.4050 amid renewed USD demand

GBP/USD trades pressured below 1.4050, as the US dollar remains broadly bid amid risk-off sentiment. Rising inflationary pressures and Brexit jitters over NI keep investors on the edge. Bailey's speech, US data in focus.


XAU/USD bounces off weekly lows, lacks follow-through buying

Gold consolidates the heaviest losses in six weeks, fades consolidative bounce of late. Market’s struggle for clear direction after US CPI challenged Fed, US stimulus. Wall Street benchmarks dropped over 2.0%, down for third day, but S&P 500 Futures prints 0.10% gains afterward.

Gold News

Nightmares repeat as BTC flash crashes

The recent Bitcoin price crash seen on Wednesday is comparable to the one in late April. However, unlike the last time, this drop was not due to rumors of new tax proposals. 

Read more

S&P 500 Nasdaq: PPI confirms the CPI, Fed is in bed as inflation means red

Wednesday's wake-up call to the dovish Fed was repeated with the release of PPI on Thursday. Core CPI was 0.7% versus forecasts for 0.4%. Now is buy the dip still in focus and is don't fight the Fed still the trade? 

Read more