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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 183437, member: 22847"] [B]AceTraderFx[COLOR=rgb(184, 49, 47)] July 22[/COLOR][/B][COLOR=rgb(184, 49, 47)]:[/COLOR][B] Intra-Day News and Views & data to be released today[/B]- [B]EUR/USD Intra-Day Market Moving News and Views[/B] Update Time[B]: 22 July 2020 [/B][I]05:30GMT[/I] EUR/USD - 1.1542... The single currency went through a roller-coaster session yesterday as despite gaining to 1.1469 on EU recovery fund optimism, price dropped to 1.1424 in Asia on profit-taking after EU leaders announced a deal has been reached. The pair found renewed buying there and jumped in New York morning to a 1-1/2 year peak at 1.1539 on usd's broad-based weakness due to improved risk sentiment, then marginally higher to 1.1541 today. Euro's intra-day break above yesterday's 18-month peak at 1.1539 signals erratic upmove from March's bottom at 1.0637 remains in progress and further gain to 1.1570/75 would be seen after consolidation. Bids are now seen at 1.1520/30 and more below at 1.1490/00 with stops building up below there whilst initial offers are noted at 1.1590/00. In the absence of major economic data from the eurozone today, pay attention to comments from ECB President Christine Lagarde at 13:15GMT. [/QUOTE]
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