Intra-day market moving news and views

Update Time: 14 July 2021 05:30GMT

EUR/USD - 1.1781.. Euro languishes near Tuesday's 3-month trough of 1.1773 in relatively subdued Asian trading as market is on yen initially, then intra-day jump in the kiwi.

Despite intra-day sellof to 1.1793 after release of 'hot' US inflation data, euro staged a short-covering bounce to 1.1832 but only to tumble to session lows of 1.1773 as U.S. yields rallied. As yesterday's break of prev. July's 1.1782 low suggests correction from 2021 bottom at 1.1705 (March) has ended, price is en route to re-test this level especially if J. Powells sounds less dovish in his 2-day semi-annual testimony before the Senate.
Therefore, selling euro on recovery is the way to go, offers are tipped at 1.1795/05 n more above with stops touted above 1.1840. Bids are noted at 1.1770/60 with stops below there.

Eco. data in the euro area countries is very light with EU's industrial production being he only data due out. Market in France is closed for Bastille Day holiday.

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

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD remains pressured after US data misses estimates

EUR/USD is trading closer to 1.1750, paring its recovery from earlier in the day as the safe-haven dollar is bid. US Consumer Sentiment missed estimates with 72 points in September. The financial woes of China's Evergrande are weighing on sentiment.

EUR/USD News

GBP/USD trades under 1.38 amid on UK data, dollar strength

GBP/USD is on the back foot, trading under 1.38 after UK Retail Sales figures disappointed with -0.9% in August, worse than expected. Brexit uncertainty and dollar demand weighed on the pair earlier. 

GBP/USD News

XAU/USD surrenders intraday gains, drops closer to $1,750 level

Gold struggled to preserve its intraday gains and dropped to the lower end of the daily trading range during the early North American session. 

Gold News

Experts say Ripple will win SEC lawsuit, which might propel XRP to new all-time highs

The latest development in the ongoing SEC vs. Ripple lawsuit is that documents are classified as privileged and blocked for public viewing. Though institutional investors are yet to take big bets on the altcoin in 2021, retail investors are actively trading in XRP.

Read more

US Michigan Consumer Sentiment Preview: Markets will have to look hard for positive signs

Consumer outlook expected to rebound to 72.2 in September. August’s 70.2 was the lowest since December 2011. Inflation and Delta variant wearing on US optimism. Markets face negative dollar risk from fading consumer optimism.

Read more

Majors

Cryptocurrencies

Signatures