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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 189274, member: 22847"] [B]AceTraderFx [COLOR="darkred"] [B]Dec 22[/B]:[B] [/B][/COLOR] Intra-Day News and Views & data to be released today – EUR/USD Intra-Day Market Moving News and View[/B] Update Time[B]: 22 Dec 2020 [/B][I]05:30GMT[/I] EUR/USD - 1.2233.. Trading the single currency was very tricky due to Mon's wild swings. Euro opened lower n fell in tandem with cable from 1.2234 (AUS) to 1.2169 at European open, despite a brief bounce to 1.2226, the pair tumbled to session lows of 1.2131 due to safe-haven usd buying due to weakness in global stocks. However, euro quickly erased its intra-day losses n later rallied in New York trading to as high as 1.2253 as U.S. stocks pared initial losses n rebounded in New York afternoon, triggering a bout of risk-on usd selling. Euro's impressive rise from 1.2131 to 1.2253 Monday suggests correction from Thursday's fresh 2-1/2 year peak at 1.2273 has ended, therefore buying the single currency in anticipation of resumption of Medium Term uptrend is favoured. Order board is pretty thin in Asia after yesterday's volatile move as well as market approaches year end, some bids are noted at 1.2225/15 and more below with stops touted below 1.2200 while offers are tipped at 1.2250/60 with stops above 1.2275/80. Eco. calendar is very thin today but pay attention to important Germany's Gfk consumer confidence index at 07:00GMT. We have ECB's Centeno n de Cos speaking in European session. [/QUOTE]
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