AceTraderFx Jan 23: Intra-Day Market Moving News and Views -EUR/USD
Intra-Day Market Moving News and Views
23 Jan 2018 04:00GMT
EUR/USD - 1.2259… Euro swung broadly sideways in directionless trading on Monday, suggesting price is not in a hurry to re-test last Wednesday’s 3-year peak of 1.2323.
Despite euro’s retreat from European morning high of 1.2267 to 1.2225 at New York midday on news a deal would be struck to end U.S. govt. shutdown, price quickly rebounded as usd erased intra-day gain on this news, euro later ratcheted higher to 1.2276 in Asia.
Range trading is expected to continue with offers tipped at 1.2275/85 with stops above 1.2300, more stops are reported above 1.2325/30.
Bids are noted at 1.2240-30 and more below with stops below 1.2210.
Pay attentio to release of Germany’s n EU’s ZEW economic confidence n later EU’s consumer confidence during NY morning.
Today is EU Eco. n Financial Affairs Council meeting and ECB’s Vice President Constancio will be speaking in the meeting. Also, today, is the start of the 4-day World Economic Forum in Davos Switzerland.