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AceTraderFx May 14: Intra-Day News and Views & data to be released today -EUR/USD
Intra-Day Market Moving News and Views
Update Time: 14 May 2020 04:30GMT
EUR/USD - 1.0813.. Despite gaining temporary respite in subdued Australian morning after selloff from yesterday's 1-week high of 1.0896 to 1.0812 in hectic New York session following Fed J. Powell's comments after his prepared text was released, the single currency came under renewed selling shortly after Asian open on Thur n fell marginally lower to 1.0810.
As Wednesday's decline from 1.0896 signals euro's 3-legged corrective rise from May's bottom at 1.0767 has ended there, downside bias remains for weakness to this week's low at 1.0785 (Tuesday), then re-test of 1.0767 later.
Offers have been lowered to 1.0820/25 n more above with stops touted above 1.0855/60.
Some bids (profit taking) are noted at 1.0805/00 with stops below there, more stops are reported below 1.0780.
The euro area countries will release a slew of eco. data during Euroepan morning (please refer to our EI page for details), market's focus is on U.S. weekly jobless claims and continuing claims.
We also have ECB Chief Economist Lane n ECB Vice President de Guindos speaking later today at 14:00GMT n 15:00GMT respectively.
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
Update Time: 14 May 2020 04:30GMT
EUR/USD - 1.0813.. Despite gaining temporary respite in subdued Australian morning after selloff from yesterday's 1-week high of 1.0896 to 1.0812 in hectic New York session following Fed J. Powell's comments after his prepared text was released, the single currency came under renewed selling shortly after Asian open on Thur n fell marginally lower to 1.0810.
As Wednesday's decline from 1.0896 signals euro's 3-legged corrective rise from May's bottom at 1.0767 has ended there, downside bias remains for weakness to this week's low at 1.0785 (Tuesday), then re-test of 1.0767 later.
Offers have been lowered to 1.0820/25 n more above with stops touted above 1.0855/60.
Some bids (profit taking) are noted at 1.0805/00 with stops below there, more stops are reported below 1.0780.
The euro area countries will release a slew of eco. data during Euroepan morning (please refer to our EI page for details), market's focus is on U.S. weekly jobless claims and continuing claims.
We also have ECB Chief Economist Lane n ECB Vice President de Guindos speaking later today at 14:00GMT n 15:00GMT respectively.
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