AceTraderFx Feb 22: Intra-Day News and Views & data to be released today-EUR/USD
Intra-Day Market Moving News and Views
Update Time: 22 Feb 2019 03:00GMT
EUR/USD - 1.1335… Trading the single currency yesterday proved to be tricky (for intra-day players) as price swung sideways inside 1.1321-1.1366 range.
Despite initial weakness to 1.1321 at European open, price rebounded to 1.1363 on short squeeze but only to fall back to 1.1322/23 after weak EU PMI data, however, failure to penetrate intra-day 1.1321 low lifted euro.
Price later climbed to session highs of 1.1366 after soft U.S. data but only to fell back to 1.1323 as usd regained caught a bid in New York afternoon partly on rising U.S. yields.
Yesterday’s retreat from 1.1366 to 1.1323 suggests further choppy trading below Wednesday’s near 2-week high at 1.1372 would continue n there is market chatter of stops below 1.1320, so selling on recovery is favoured.
Offers are noted at 1.1350/60 with stops reported above 1.1380 and more above 1.1400.
We have a slew of euro area eco. data due out in European morning, pay attention to release of key German Ifo data, expect selling to emerge if actual readings come in below street forecasts. We have a no. of ECB officials speaking at various venues but pay attention to ECB Presient Drgahi’s speech in Italy at an event at 15:15GMT.