[B]Intra-Day Market Moving News and Views
10 Mar 2015 [/B] [I]02:17GMT[/I]
[B]EUR/USD[/B] - ...... Despite euro's brief rebound from Monday's fresh 11-1/2 year low at 1.0823 to 1.0907 (Europe) on short-covering, the single currency met renewed selling pressure there and fell again in Asia today. Stops below 1.0823 are now in focus but some bids are located at 1.0800. On the upside, offers are tipped at 1.0850-60, 1.0880 and more at 1.0900.
Greece will continue to be in the spotlight this week. Reuters reported warning Greece it had “no time to lose”, EZ ministers agreed technical talks between finance experts fm Athens n its international creditors would start on Wed with the aim of unlocking further funding.
The ECB’s Governing Council is set to hold a teleconference on Thursday to discuss extending that emergency liquidity assistance (ELA), a person familiar with the matter said.
An opinion poll on Monday showed a large majority of Greeks want Athens to compromise to avoid having to leave the euro.
[B]Data to be released on Tuesday: [/B]
UK BRC retail sales, Australia NAB business conditions, business confidence, China CPI, PPI, Swiss unemployment, France industrial output, Italy industrial output, U.S. redbook retail sales, wholesale sales and wholesale inventories.