Intra-day market moving news and views

Update Time: 20 July 2021 05:30GMT.

EUR/USD - 1.1799.. Euro moves narrowly in subdued Asian morning after Monday's roller-coaster ride. Although price met selling at 1.1813 (AUS) n fell in Europe on renewed USD's strength to 1.1766, then to a fresh 3-month low of 1.1765 shortly after New York open, price briefly jumped to 1.1824 on active buying in EUR/GBP and short squeeze before retreating to 1.1792 in late New York.

Despite intra-day marginal weakness to 1.1791 at Asian open, as said yesterday's low suggests recent decline has made a temp. bottom, range trading is likely to continue in Europe n above 1.1824 would bring stronger retracement to 1.1845/50 before prospect of retreat.
Bids are noted at 1.1795/90 with stops below 1.1765 while offers are tipped at 1.1815/20 with stops touted above 1.1825.

On the data front, we have Germany's PPI n then EU's current account.

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 hovers around 1.1900, retains weekly gains

The EUR/USD pair trades around the 1.19 mark after the Eurozone Q2 Prelim GDP beat estimates with 2% while US PCE inflation rose by less than anticipated in June, printing at 3.5% YoY. Risk-on mood persists.


GBP/USD retreats after flirting with 1.4000

GBP/USD retreated from near the 1.4000 level, but the greenback remains away from investors' radar. Optimism over the Brexit issue and the declining trend in new COVID-19 cases in the UK offers support to the pound.


XAU/USD slides to $1,820 area, downside seems limited

Gold traded with a mild negative bias around the $1,825 region, or daily lows, during the early North American session, albeit lacked any follow-through selling.

Gold News

Shiba gets listed on eToro as demand for SHIB skyrockets

Leading investment platform eToro has been adding cryptocurrency assets on popular demand from users. The Dogecoin killer recently amassed 600,000 holders despite range-bound price action. 

Read more

NIO shares rise again as Wall Street shrugs off recent China woes

NYSE:NIO added 1.86% as EV and China stocks bounced back again. Nio rides higher as industry leader Tesla gets some major upgrades. Nio rival XPeng releases a refreshed look for its compact SUV.

Read more