AceTraderFx: Intra-Day Market Moving News and Views

AceTRaderForex

Master Trader
Mar 19, 2013
4,043
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Oct 20: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views

Update Time: 20 Oct2021 05:30GMT

EUR/USD - 1.1639.. Euro pares Tue's rally in subdued Asian morning after retreating fm a near 3-week high of 1.1669 (Europe) to 1.1630 as rally in U.S. yields in NY session helped usd to stage a broad-based rebound.

As intra-day marginal weakness to 1.1628 shortly after Asian open suggests corrective rise from Oct's 14-month trough at 1.1525 has made a temp. top, consolidation with downside bias is in store, below 1.1620/24 would yield weakness to 1.1572.
Offers are tipped at 1.1645/55 with stops abv 1.1670 n bids are noted at 1.1630/20 with stops below 1.1600.

On the data front, Germany will kick off with producer prices, then EU's current account n HICP.
We have a number of ECB officials scheduled to speak in European morning, pls refer to our EI page for details.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,043
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Oct 21: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views

Update Time: 21 Oct 2021 05:30GMT

EUR/USD - 1.1665.. Euro remains on the front foot due to continued usd's broad-based weakness in Asia, suggesting price would penetrate Tue's near 3-week high at 1.1669 and extend near term upmove from Oct's fresh 14-month bottom at 1.1525 to 1.1700/05, however, loss of upward momentum should cap price below res at 1.1755.

Expect minor consolidation head of European open before prospect of such a move, bids have been raised to 1.1650-40 n more below with stops below 1.1615.
Offers are tipped at 1.1665/70 with some stops above there n more stops are touted above 1.1700.

On the data front, we have France's business climate and then Italy's industrial sales.
There is a European Council meeting today n ECB member Holzmann will speak at a forum at 08:00GMT.