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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 195797, member: 22847"] [B]AceTraderFx [COLOR="darkred"]May 27: [/COLOR]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] 27 May 2021 [/B][I]05:30GMT[/I] EUR/USD - 1.2179.. The single currency gains no respite in early Asian trading after getting bashed on a double whammy in Wednesday's session. Price met renewed selling in Asia yesterday at 1.2262 n fell in Europe after dovish comments by ECB's Pannetta. Despite a short-covering bounce from 1.2218 to 1.2240 in New York morning, intra-day bounce in US yields knocked price to session lows of 1.2183. Present break of said Wed's low of renewed usd's strength strongly suggests recent upmove has made a top at Tue's 4-1/2 month peak at 1.2266, a daily close below 1.2161 sup would bode ill for the euro n yield further weakness to 1.2104/07 later. Offers are tipped at 1.2195/00 with some stops above 1.2220 whole bids are noted at 1.2170/60 with stops reported below there. On the data front, we have German Gfk consumer confidence n then Italy's bus. n consumer confidence. We also have a number of ECB official scheduled to speak in European session, please refer to our EI page for details [/QUOTE]
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