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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 97470, member: 22847"] [B] AceTraderFx Feb 23: Intra-Day Market Moving News and Views EUR/USD [/B] [B]Intra-Day Market Moving News and Views 23 Feb 2016[/B] [I]04:09GMT[/I] EUR/USD - 1.1042.. Euro gained respite in Monday's New York afternoon session n staged a minor short-covering rebound in Asia today after tripping stops above 1.1040, price climbed to 1.1046. Yesterday's selloff in the pound dragged euro lower as market interpret Britain's exit from the EU would result in a major shake up in the euro zone, leading to more countries opting out of the 28-country bloc. Offers are tipped at 1.1045/55 and more above with some stops reported above 1.1070, however, more selling interest is noted at 1.1100/10. Some bids (profit-taking) are noted at 1.1010-1.1000 with stops touted below there. Expect range trading and pay attention to release of German Q4 2015 GDP data and then key German IFO business sentiment for Feburary at 09:00GMT. [/QUOTE]
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