acetraderfx
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AceTraderFx May 19: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
19 May 2015 07:49GMT
EUR/USD - 1.1170... Despite a brief recovery from 1.1277 to 1.1307 in European morning, price tumbled sharply lower to 1.1160 following comments from ECB's Executive Board member Benoit Coeure said that the central bank intends to increase its purchases of euro-area assets in May and June ahead of an expected low-liquidity period in the summer.(see our previous MMN).
At present, offers are building up from 1.1180 up to 1.1200 with mixture of offers and stops at 1.1220-30.
On the upside, bids are placed at 1.1150-1.1140 and around 1.1120 with buying interest from sovereign accounts around 1.1100.
Intra-day Market Moving News and Views
19 May 2015 07:49GMT
EUR/USD - 1.1170... Despite a brief recovery from 1.1277 to 1.1307 in European morning, price tumbled sharply lower to 1.1160 following comments from ECB's Executive Board member Benoit Coeure said that the central bank intends to increase its purchases of euro-area assets in May and June ahead of an expected low-liquidity period in the summer.(see our previous MMN).
At present, offers are building up from 1.1180 up to 1.1200 with mixture of offers and stops at 1.1220-30.
On the upside, bids are placed at 1.1150-1.1140 and around 1.1120 with buying interest from sovereign accounts around 1.1100.