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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 98585, member: 22847"] [B]AceTraderFx Mar 14: Intra-Day Market Moving News and Views (USD/EUR)[/B] [B]Intra-Day Market Moving News and Views (USD/EUR) 14 Mar 2016[/B] 04:03GMT [B]EUR/USD -[/B] ..... Euro opened lower on news of defeats in election results by the ruling CDU party on Sunday. Reuters reported Chancellor Angela Merkel's conservatives lost in two out of three state elections on Sunday as Germans punished her accommodative refugee policy with a big vote for the anti-immigration Alternative for Germany (AfD), exit polls showed. The pair fell to 1.1135 before renewed buying emerged n later lifted price to 1.1176 ahead of Asian open, however, euro moved sideways in Asian trading as traders await reaction from European players when they come in, therefore, sideways swings are expected to continue. Offers are tipped at 1.1180/90 with stops above 1.1200, more stops are reported above last week's high at 1.1218. Initial bids are noted at 1.1235-25 with some stops below 1.1220, more stops are touted below Friday's 1.1080 low. The only economic data due out today is EZ industrial production, January's M/M is expected to come in at -0.1% vs previous reading of -1.3%. [/QUOTE]
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