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AceTraderFx Sept 20: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
20 Sept 2017 02:40GMT
EUR/USD - 1.2014.. The single currency stand tall in fairly hectic Asian trading after penetrating yesterday's 1.2006 top to a fresh 1-week high of 1.2020. Tripping stops above 1.2010, more stops above 1.2030 are now in focus, suggesting buying euro on pullback for short-term trade is still recommended.
However, strong gain ahead of FOMC announcement is not envisaged and be aware of a selloff in post-FOMC esp. if Fed's "dot-plot" shows more Fed officials are expecting rate rise to be brought forward as well as the no. of rate increase in 2018.
For now, bids have been raised to 1.2000-1.1990 with stops below 1.1980, a mixture of offers n stops is touted at 1.2030/35.
Euro area eco. calendar is very light today with Germany's PPI being the only data due out.
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
20 Sept 2017 02:40GMT
EUR/USD - 1.2014.. The single currency stand tall in fairly hectic Asian trading after penetrating yesterday's 1.2006 top to a fresh 1-week high of 1.2020. Tripping stops above 1.2010, more stops above 1.2030 are now in focus, suggesting buying euro on pullback for short-term trade is still recommended.
However, strong gain ahead of FOMC announcement is not envisaged and be aware of a selloff in post-FOMC esp. if Fed's "dot-plot" shows more Fed officials are expecting rate rise to be brought forward as well as the no. of rate increase in 2018.
For now, bids have been raised to 1.2000-1.1990 with stops below 1.1980, a mixture of offers n stops is touted at 1.2030/35.
Euro area eco. calendar is very light today with Germany's PPI being the only data due out.
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