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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 198087, member: 22847"] [B]AceTraderFx [COLOR="darkred"]Aug 05: [/COLOR] Intra-Day News and Views & data to be released today – EUR/USD Intra-Day Market Moving News and Views[/B] Update Time:[B] 05 Aug 2021 [/B][I]05:30GMT[/I] EUR/USD - 1.1833.. Euro remains under pressure in Asia following Wednesday's selloff from 1.1899 to 1.1834 in New York morning on broad-based usd's rally as despite intra-day jump to 1.1899 after downbeat U.S. ADP private payrolls, release of robust US ISM non-mfg index which hit a record high n then Fed Clarida's hawkish comments caught the market wrong footed n triggered a ferocious broad-based short covering rally in the greenback. As Wednesday's renewed usd's strength continues to weigh of the single currency, a daily close below 1.1800 handle would strongly suggest correction from July's 3-1/2 month bottom at 1.1753 has ended at 1.1909 last Friday n yield further weakness to 1.1771/73. Offers are tipped at 1.1840/50 n more above with stops reported above 1.1900. Some bids are noted at 1.1835/30 with some stops below there, more stops are touted below 1.1800. On the data front, we have German industrial orders, France's industrial output n EU's economic bulletin. [/QUOTE]
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