Intra-day market moving news and views
Update Time: 29 July 2021 05:30GMT.
EUR/USD - 1.1854.. The single currency continued o/n strong gain in post-FOMC New York n easily penetrated Wednesday's 1.1849 top to a 2-week high of 1.1857 in Asian morning due to renewed usd's weakness.
As Wednesday's close above 1.1830 (last week's high) following dovish comments by Fed's J. Powell in post-FOMC press conference confirms recent decline has made a low at last Wednesday's 3-1/2 month trough at 1.1753, outlook remains supportive for gain to next daily objectives at 1.1875 n 1.1894 respectively.
Bids are noted at 1.1840-30 n more below with stops below 1.1800 while offers are tipped at 1.1860/70 with stops above 1.1880.
The euro area countries will release a slew of eco. data (refer to EI page for details), pay attention to EU's business climate n economic sentiment data.
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.