acetraderfx
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Feb 22: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
22 Feb 2018 04:10GMT
EUR/USD - 1.2280.. Euro languishes near Asian 9-day trough at 1.2265 after tumbling from New York high of 1.2359 following release of FOMC minutes.
Price fell ahead of Asian open and hit said intra-day low after tripping stops below 1.2275/80.
Although the single currency has finally stabilised and range trading is likely to be seen in post-Asian lunch session, intra-day broad-based usd's strength (except vs the yen) suggests selling euro on recovery is still the favoured strategy, however, price is likely to hit a temp. low soon, so be nimble n be quick to exit recent shorts on next leg of decline.
Pay attention to release of key German Ifo data and more importantly, minutes of ECB monetary policy meeting during European morning trading.
On the data front, we have France's bus. climate, CPI, Germany's Ifo bus. climate n bus. conditions, Italy's industrial orders n sales plus final reading of CPI. ECB's Mersch will speaking at banking conference in Frankfurt at 09:30GMT.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
Intra-Day Market Moving News and Views
22 Feb 2018 04:10GMT
EUR/USD - 1.2280.. Euro languishes near Asian 9-day trough at 1.2265 after tumbling from New York high of 1.2359 following release of FOMC minutes.
Price fell ahead of Asian open and hit said intra-day low after tripping stops below 1.2275/80.
Although the single currency has finally stabilised and range trading is likely to be seen in post-Asian lunch session, intra-day broad-based usd's strength (except vs the yen) suggests selling euro on recovery is still the favoured strategy, however, price is likely to hit a temp. low soon, so be nimble n be quick to exit recent shorts on next leg of decline.
Pay attention to release of key German Ifo data and more importantly, minutes of ECB monetary policy meeting during European morning trading.
On the data front, we have France's bus. climate, CPI, Germany's Ifo bus. climate n bus. conditions, Italy's industrial orders n sales plus final reading of CPI. ECB's Mersch will speaking at banking conference in Frankfurt at 09:30GMT.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates