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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 97303, member: 22847"] [B]AceTraderFx Feb 19: Intra-Day Market Moving News and Views (EUR/USD) [/B] [B]Intra-Day Market Moving News and Views 19 Feb 2016[/B] 04:36GMT [B]EUR/USD[/B] - ...... Euro pares overnight losses n staged a modest short-covering bounce to 1.1129 after hitting a 2-week trough of 1.1071 in New York morning. Although euro briefly climbed above New York high of 1.1123 after tripping some stops above there, lack of follow-though buying suggests range trading is in store ahead of European open. Some bids are noted at 1.1100-1.1090 n more below with fairly large stops touted below 1.1060. Some offers are tipped at 1.1130/40 n more near 1.1150 with stops reported above 1.1180, however, more stops are touted above 1.1200. The only data due out today in Europe is German Jan PPI, street forecast is looking for a M/M reading of -0.3 vs previous month's figure at -0.5% n Y/Y is expected to come in at -2.0% vs previous reading of -2.3%. [/QUOTE]
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