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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 198375, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Aug 16: [/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] 16 Aug 2021 [/B][I]05:30GMT[/I] EUR/USD - 1.1799.. Euro maintains a firm bias in relatively subdued Asian morning following Friday's rally in New York session to a near 1-week high of 1.0804 due to broad-based usd's weakness on the back of a surprise sharp drop in U.S. consumer confidence. As Friday's rally above 1.1768 (Monday high, now sup) signals recent downtrend has made a temp. low at Wednesday's fresh 4-month bottom at 1.1707, consolidation with upside bias remains for a long-overdue correction towards 1.1829, break may extend towards 1.1857 later. Order board is pretty thin on Monday, some bids are noted at 1.1790-80 with some stops touted below 1.1770 while some offers are tipped at 1.1820/30 with stops above there. There is no eco. data due out from the euro area countries today. We have Germany's Bundesbank monthly report which will be released some time in European morning. [/QUOTE]
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