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AceTraderFx Nov 09: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
09 Nov 2017 02:40GMT
EUR/USD - 1.1595.. The single currency orbited 1.1600 level in lack lustre Wednesday's session without a clear direction. Despite initial firmness in Asia and European morning due to usd's broad-based weakness on possible delay in U.S. tax reform, selling at 1.1611 capped intra-day gain and price ratcheted lower to 1.1579 in New York morning and later moved narrowly below 1.1600 for rest of the New York session.
Although euro's rebound from 1.1554 (Tuesday) to 1.1611 yesterday signals recent decline has made a temp. low, subsequent retreat to 1.1579 in New York suggests range trading would continue with a neutral bias, however, as long as previous res at 1.1616/24 holds, prospect of another fall still remains.
Offers are tipped at 1.1610/20 with stops above 1.1630.
Bids are noted at 1.1580-70 with stops reported below 1.1550.
Germany will release several trade data n EU will release eco. bulletin and eco. growth forecasts.
There will be a number of ECB members speaking today starting with ECB's Nouy, ECB's Coeure, ECB's Mersch, ECB's Constancio n ECB's Lautenschlager.
AceTrader - Best Intra-day Forex Trading Strategies
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Intra-Day Market Moving News and Views
09 Nov 2017 02:40GMT
EUR/USD - 1.1595.. The single currency orbited 1.1600 level in lack lustre Wednesday's session without a clear direction. Despite initial firmness in Asia and European morning due to usd's broad-based weakness on possible delay in U.S. tax reform, selling at 1.1611 capped intra-day gain and price ratcheted lower to 1.1579 in New York morning and later moved narrowly below 1.1600 for rest of the New York session.
Although euro's rebound from 1.1554 (Tuesday) to 1.1611 yesterday signals recent decline has made a temp. low, subsequent retreat to 1.1579 in New York suggests range trading would continue with a neutral bias, however, as long as previous res at 1.1616/24 holds, prospect of another fall still remains.
Offers are tipped at 1.1610/20 with stops above 1.1630.
Bids are noted at 1.1580-70 with stops reported below 1.1550.
Germany will release several trade data n EU will release eco. bulletin and eco. growth forecasts.
There will be a number of ECB members speaking today starting with ECB's Nouy, ECB's Coeure, ECB's Mersch, ECB's Constancio n ECB's Lautenschlager.
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