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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 102092, member: 22847"] [B]AceTraderFx May 13: Intra-Day Market Moving News and Views- EUR/USD [/B] [B]Intra-Day Market Moving News and Views 13 May 2016[/B] [I]04:00GMT[/I] EUR/USD - ...... The single currency ratcheted lower in Asia yesterday and dropped sharply to 1.1378 ahead of New York open on cross-selling in eur/gbp. Despite a brief but sharp rebound to 1.1415 on dlr's weakness post poor U.S. jobless claims data, euro fell to 1.1372 at New York midday, then lower to 1.1366 in Asian morning today and continues to remain under pressure. There is a slew of data to be released from eurozone today. Traders should pay particular attention to Germany inflation and GDP figures at 06:00GMT, then EZ GDP at 09:00GMT. Offers are now lowered to 1.1390/00 and more above at 1.1410/20 with stops building up above there whilst initial bids are noted at 1.1310/20, suggesting selling on pullback is the way to go. [/QUOTE]
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