Intra-Day Market Moving News and Views

Update Time: 14 Aug 2020 05:30GMT

EUR/USD - 1.1811... The single currency swung wildly in hectic trading yesterday. The pair traded with a firm bias in Europe and gained to session highs at 1.1864 in New York morning on usd's broad-based weakness, however, price pared its gains and retreated sharply to 1.1794 in New York afternoon. Euro then staged a rebound to 1.1820 at Asian open today before retreating again to 1.1802.

Euro's sharp retreat from 1.1864 to 1.1794 yesterday suggests the recovery from Wednesday's low at 1.1712 has ended there and consolidation with downside bias remains for weakness to 1.1750/55.
Offers are now seen at 1.1830/40 with stops building up above there whilst initial bids are noted at 1.1720/30.

EU will release its final figures its Q2 GDP at 09:00GMT. Street forecasts for QQ and YY are -12.1% and -15.0%, unchanged from their preliminary readings respectively.

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 Analysis

Latest Forex Analysis

Editors’ Picks

LIVE: 2020 US Elections - Eighty Percent of success is showing up

The attractions of tonight’s first presidential debate are those of the spectacle and high-stakes sports event rather than a policy deliberation between learned contestants.


EUR/USD holds gains around 1.1750 as US election debate wraps up

EUR/USD holds the recent gains around 1.1750, as the US Presidential election debate fails to save the day for the US dollar bulls. The greenback wallows in multi-day lows amid cautious market mood. The spot printed its biggest single-day gain in over a month on Tuesday. 


AUD/USD remains bid below 0.7150 after China PMIs, US election debate

AUD/USD is off the five-day high but remains well bid above 0.7100, up for the third day in a row. Markets paid little attention to upbeat Chinese official Manufacturing PMI data. The US dollar remains in weekly lows after the first US Presidential election debate.


Gold pullback from $1,900 highlights immediate rising wedge

Gold snaps two-day winning streak following its pullback from $1,899.38. The yellow metal recently dropped after the US presidential debate questioned market sentiment. Bulls need a clear break beyond September 22 for confirmation.

Gold News

WTI drops to fresh lows near $39.70 ahead of API

Prices of the American benchmark for the sweet light crude oil broke below the $40.00 mark per barrel and slipped back to the $39.70 region on Tuesday.

Oil News

Forex Majors