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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 164031, member: 22847"] [B]AceTraderFx May 07: Intra-Day News and Views & data to be released today -EUR/USD [/B] [B]Intra-Day Market Moving News and Views[/B] Update Time: [B]07 May 2019[/B] [I]03:00GMT[/I] EUR/USD - 1.1203.. Euro is content to move quietly in the background n let the Japanese yen take centre stage in Mon's trading. Although the pair opened lower in New Zealand on Monday at 1.1170 and fell to session lows of 1.1161 due to selloff in eur/yen on renewed U.S./China trade tensions, price swiftly trimmed intra-day losses and rebounded to 1.1203. Euro then swang sideways in European morning and later inched higher to 1.1209 in New York afternoon. Intra-day firmness suggests near term upmove from Friday's NFP low at 1.1135 would head to 1.1230/40 after consolidation, however, reckon last week's high at 1.1265 (Wednesday) should cap upside. Bids are noted at 1.1180-70 with stops below 1.1160, more stops are touted below 1.1130. Offers are tipped at 1.1215/25 n more above with some stops reported above 1.1230. The euro area will release a slew of eco. data during European morning (see refer to our EI section for details). [/QUOTE]
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