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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 128852, member: 22847"] [B]AceTraderFx May 29: Intra-Day Market Moving News and Views -EUR/USD[/B] [B]Intra-Day Market Moving News and Views 29 May 2017[/B] [I]03:00GMT[/I] EUR/USD - 1.1168.. Euro remains on the book foot in subdued Asian trading on Mon after falling relatively sharply fm 1.1235 (Europe) to 1.1161 in New York morning after robust U.S. GDP (revision). Although price moved narrowly in quiet New York afternoon session as some traders headed off earlier to start a long weekend holiday, price came under renewed selling pressure at 1.1185 in Australia n weakened to 1.1162, suggesting intra-day downside bias remains and stops below 1.1155, then below 1.1140 are now in focus. Offers are tipped at 1.1180/90 with some stops above 1.1200. Eco. calendar from the euro area countries is thin with EU M3 money supply being the only data due out. Pay attention to speeches by ECB's Nowotny who is speaking in Vienna at 07:15GMT, then Buda President n ECB's member Weidmann in Frankfurt. last but not least, ECB President Draghi will speak at the EU Parliament at 13:00GMT, so keep an eye out on what he has to say. [/QUOTE]
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