[B]Intra-Day Market Moving News and Views
07 Oct 2015[/B] [I]01:16GMT[/I]
[B]EUR/USD[/B] - ..... The single currency rose fm yesterday's Asian low at 1.1172 to 1.1220 in European morning, then 1.1232 at New York open before easing.
However, renewed buying at 1.1206 pushed the pair higher n price rose to session high at 1.1280 near New York closing on dlr’s broad-based weakness before retreating on profit-taking.
As there is no major eco. data due fm the eurozone today, price is likely to continue its sideways trading below last Friday’s high at 1.1319.
Bids are noted at 1.1240/50 and more below at 1.1220/30 with stops building up below there whilst initial offers are seen at 1.1300/10.
[B]Intra-day Market Moving News and Views
12 Oct 2015[/B] [I]01:45GMT[/I]
[B]EUR/USD[/B] - ....... Despite rallying to as high as 1.1387 at New York midday on Friday on cross-buying of euro vs sterling, price retreated to 1.1352 in News York afternoon. Later, euro staged a rebound and gained to 1.1378 at Asian open today, however, renewed selling there pressured the pair lower to 1.1365.
Since there is no major eco. data due to be released today from the eurozone, trading is likely to be thin with bids lowered to 1.1340/50 and some more below at 1.1320/30 with stops building there whilst initial offers are noted at 1.1390/00, suggesting buying on dips for near term gain is still favored.
In other news, Reuters reported, ECB’s policymaker and also Bundesbank Head Jens Weidmann said the euro zone is undergoing a gradual economic recovery though downside risks to growth have increased in tandem with weakness in emerging markets.
[B]Intra-day Market Moving News and Views
15 Oct 2015[/B] [I]01:07GMT[/I]
[B]EUR/USD [/B]- ........ The single currency rose to 1.1427 in early European morning, then 1.1448 in New York morning helped by dlr's weakness post the release of poor U.S. retail sales. Euro continued to ratchet higher and gained to session high at 1.1489 in New York morning after the release of Fed's Beige book.
However, price pared its gains and retreated to 1.1461 in Asian morning on dlr’s broad-based rebound.
In the absence of EZ eco. data, orderbook remains slightly thin with bids seen at 1.1450/60 and more below at 1.1430/40 with stops building up below there whilst initial offers are noted at 1.1510/20, suggesting further sideways trading would be seen ahead of European open.
[B]Intra-day Market Moving News and Views
16 Oct 2015[/B] [I]09:24GMT[/I]
[B]EUR/USD[/B] - ...... The single currency came under renewed selling pressure after a brief bounce to 1.1395 in European morning and then fell below Asian sup at 1.1359 to a fresh session low of 1.1350 following the release of euro zone inflation data.
Eurostat said that Euro zone CPI remained unchanged at a seasonally adjusted annual rate of -0.1% in Sep, from -0.1% in the preceding month, whilst core CPI remained unchanged at a seasonally adjusted annual rate of 0.9%, from 0.9% in the preceding month.
At present, offers are reported at 1.1380-90 and more around 1.1400 with stops just above 1.1420.
On the downside, bids are noted at 1.1340-30 and then 1.1320/15 with stops below 1.1300.
[B]Intra-day Market Moving News and Views
19 Oct 2015 [/B][I] 01:27GMT[/I]
[B]EUR/USD[/B] - ...... Reuters reported that European Central Bank executive board member Benoit Coeure told German lawmakers on Friday that the euro zone needs deeper integration to stem possible shocks in the future and should therefore complete its banking union as fast as possible.
The need to go beyond the quick fixes and intermediate solutions that were necessary, but insufficient, & stressed the urgency of completing the banking union; this contribution is to make financing cheaper, with the rest has to be done by the governments.
Despite Friday’s rebound from 1.1334 to 1.1391 in New York afternoon, the single currency retreated to 1.1347 near New York closing.
However, euro found renewed support in Australia today and rebounded to 1.1378 in Asian morning, helped by cross-buying of euro vs sterling.
Since there is no major eco. data due today, order book remains relatively thin n the market’s main focus is now on ECB’s rate decision later this week and whether Draghi will expand the bank’s currency QE program.
Offers have now been raised to 1.1380/90 and more above at 1.1400/10 with stops building up above 1.1420/25 whilst initial bids are noted at 1.1320/30, suggesting downside bias would be seen.
[B]Intra-day Market Moving News and Views
22 Oct 2015[/B] [I]01:20GMT[/I]
[B]EUR/USD [/B]- ...... Despite a brief rebound to 1.1378 in early European morning yesterday, the single currency met renewed selling and fell sharply to 1.1334 before staging a minor recovery.
Renewed selling at 1.1364 in NewYork morning pressured the pair lower and euro dropped to 1.1330 at Asian open today.
Market focus is now on ECB’s rate decision at 11:45GMT and President Draghi’s press conference at 12:30GMT. Although it is likely that the central bank will announce no new stimulus measures, traders should pay attention to the language used by Draghi n hints about future easing measures.
Offers are now seen at 1.1360/70 and more above at 1.1380/90 with stops building up above there whilst initial bids are noted at 1.1300/10, suggesting choppy trading with downside bias would be seen ahead of ECB’s decision.
[B]Intra-day Market Moving News and Views
28 Oct 2015 [/B] [I]01:21GMT[/I]
[B]EUR/USD -[/B] ....... Despite briefly edging up to session high at 1.1079 at New York open, the single currenct met renewed selling interest and retreated to 1.1030 in New York morning before staging a rebound.
However, euro met renewed pressure after NewYork closing and retreated again to 1.1026 at Asian open on continued speculation that the ECB would ease its monetary policy.
There is a slew of data fm the eurozone due today, including Germany import price index, consumer sentiment, France n Italy consumer confidence. Traders shud pay particular attention to the release of Germany Gfk consumer sentiment at 07:00GMT. Street forecast is for a slight drop to 9.4 from previous reading of 9.6.
Bids have now been lowered to 1.1010/20 and some more below at 1.0990/00 with stops building up below there whilst initial offers are noted at 1.1080/90, suggesting choppy sideways trading is likely to be seen ahead of European open.
[B]Intra-day Market Moving News and Views
04 Nov 2015[/B] [I]01:32GMT[/I]
[B]EUR/USD[/B] - ......... Despite edging up to session high at 1.1030 in early European morning, the single currency tumbled to intra-day low at 1.0936 in New York morning on dlr strength together with cross-selling of euro vs sterling.
Euro gained some respite and recovered to 1.0970 in New York afternoon, however, o/n dovish comments from ECB’s Draghi (see prev. MMN) pressured the pair lower nand price dropped to 1.0945 in Asian morning.
Eurozone will release its final print for the services PMIs for several countries n majority of them are expected to come in unchanged. Elsewhere, ECB Chief Mario Draghi will speak at the ECB Forum on Banking Supervision in Frakfurt at 08:00GMT.
Offers have now been lowered to 1.0970/80 and more above at 1.0990/00 with stops building up above there whilst initial bids are noted at 1.0910/20, suggesting selling on recovery for a resumption of recent losing streak is favored.
[B]Intra-day Market Moving News and Views
16 Nov 2015[/B] [I]02:05GMT[/I]
[B]EUR/USD[/B] - ........ Despite rebounding from Friday's low at 1.0714 to 1.0775 at New York closing, the single currency opened lower in New Zealand n dropped sharply to intra-day low at 1.0687 ahead of Asian open on broad-based risk aversion due to the Friday's Paris attacks.
However, euro gained some respite and staged a short-covering rebound to 1.0727 in Asian morning before retreating again.
Pay attention to the release of EU inflation mm and yy at 10:00GMT. Street forecasts are 0.1% and 0.0% vs previous readings of 0.2% and 0.0% respectively.
Offers are seen at 1.0740/50 and more above at 1.0760/70 with stops building up above there whilst initial bids are noted at 1.0670/80, suggesting selling on pullback is the favored strategy.
[B]Intra-day Market Moving News and Views
18 Nov 2015[/B] [I]02:05GMT[/I]
[B]EUR/USD[/B] - .......The single currency met renewed selling at 1.0679 in European morning yesterday and dropped to a fresh 6-1/2 month trough at 1.0631 in New York afternoon on cross-selling of euro vs sterling before stabilising. Euro fell again in late New York afternoon and edged lower to 1.0635 in Asian morning and continues to remain under pressure.
Since there is no major eco. data due today, price is likely to trade with a downside bias with offers noted at 1.0660/70 and some more above at 1.0690/00 with stops building up above there, suggesting selling on pullback for a resumption of recent downtrend is still favored.
In other news, Reuters reported, International creditors are expected to disburse locked aid to Greece and its banks shortly after the Greek parliament ratified reforms agreed with its lenders.
Head of the euro zone finance ministers Jeroen Dijsselbloem said that the talks between Greek authorities and the institutions substantive agreement has been reached on all outstanding issues.
Earlier in the year, Athens signed up to a new aid program worth up to 86 bln euros, but payment of part of an initial tranche had been held up over disagreement on regulations on home foreclosures and handling tax arrears.
[B]Intra-day Market Moving News and Views
19 Nov 2015[/B] [I] 02:00GMT[/I]
[B]EUR/USD[/B] - 1.0687... Despite rising to session high at 1.0692, the single currency tumbled to 1.0623 at New York midday, then lower to intra-day low at 1.0617 after the release of FOMC minutes.
However, euro swiftly pared its losses n rebounded to 1.0672 in New York afternoon. Price continued to ratchet higher and rose to 1.0718 in Asian morning on broad-based long liquidation in dlr.
Traders are now keenly awaiting the release of ECB monetary policy meeting minutes at 12:30GMT. Focus will be on possible hints of further monetary easing steps the central bank may take in the future.
Bids are now seen at 1.0670/80 and more below at 1.0650/60 with stops building up below there whilst initial offers are noted at 1.0730/40, suggesting buying on dips for near term gain is favored.
[B]Intra-day Market Moving News and Views
20 Nov 2015[/B] [I]02:05GMT[/I]
[B]EUR/USD [/B]- ....... Despite yesterday's rally from European low at 1.0667 to as high as 1.0763 at New York midday on broad-based dlr weakness, the single currency pared its gains n retreated to 1.0717 in New York afternoon before recovering.
However, renewed selling at 1.0740 near New York closing pressured the pair lower and euro retreated to 1.0710 in Asian morning today.
Although there is no major eco. data due today, traders will pay attention to ECB President Draghi’s speech at 08:00GMT. The central bank head has been under pressure to introduce new monetary easing measures to stimulate the region’s economy n push prices towards their inflation target.
Offers are now seen at 1.0720/30 and more above at 1.0750/60 with stops building up above there whilst initial bids are noted at 1.0670/80, suggesting near term downside bias would be seen, hence selling on pullback is the favored strategy.
[B]Intra-day Market Moving News and Views
23 Nov 2015[/B] [I]02:05GMT[/I]
[B]EUR/USD[/B] - ...... Despite a brief rebound to 1.0708 in New York morning on Friday, the single currency met renewed selling there and retreated strongly to 1.0641 in New York afternoon.
Euro remained under pressure in New Zealand and Australia and dropped to 1.0613 in Asian morning and continues to edge lower, following the hawkish comments from ECB President Mario Draghi over the weekend.
France, Germany and EZ will release their figures of manufacturing PMIs today and any downbeat figures will further bolster the case of a more loose monetary by the ECB.
Bids are now seen at 1.0605/10 amidst market rumours of substantial barriers around the 1.06 level, suggesting mild upside bias remains in the near term.
However, offers are noted at 1.0660/70 and more above at 1.0680/90.
[B]Intra-day Market Moving News and Views
24 Nov 2015[/B] [I]02:00GMT[/I]
[B]EUR/USD[/B] - ....... Although euro staged a short-covering rebound from Asian low at 1.0601 to 1.0657 in New York morning, price met renewed selling and fell to a fresh 7-month trough at 1.0593 at New York midday.
However, the single currency pared its losses and recovered to 1.0637, then 1.0645 in Asian morning today, helped by cross-buying of euro, especially vs sterling.
Some data worth paying attention to are Germany GDP qq and yy at 07:00GMT.
Street forecasts are for them to remain unchanged at 0.3% and 1.8% respectively.
Later, traders should look at Germany Ifo business climate, current conditions and expectations at 09:00GMT. Market expectations are 108.2, 112.4 and 104.0 Vs previous readings of 108.2, 112.6 and 103.8 respectively.
[B]Intra-day Market Moving News and Views
25 Nov 2015[/B] [I]02:36GMT[/I]
[B]EUR/USD[/B] - ...... Euro finally cut its recent losing streak in Tuesday's session.
Price rebounded initially to 1.0645 in Asia and despite a retreat, euro then climbed to 1.0670 in Europe after upbeat German Ifo data. The pair later ratcheted higher to session top of 1.0673 in New York morning before falling back briefly back to 1.0628 following stronger-than-expected U.S/ GDP.
Another bout of buying emerged shortly after Asian open and euro briefly rose to 1.0676. There is talk of a mixture of selling interest and stops above 1.0700 and bids have been raised to 1.0650-40 and more below, so buying euro on dips is favoured.
Some minor EZ data are due out in Europe, these are French consumer confidence, Italy’s industrial order and retail sales.
[B]Intra-day Market Moving News and Views
26 Nov 2015[/B] [I]02:00GMT[/I]
[B]EUR/USD[/B] - .... Euro is in holding pattern in subdued Asian trading as traders are standing aside after yesterday's wild swings.
Despite intra-day selloff from 1.0689 in Europe on Reuters report the ECB is considering other stimulus options at its next policy meeting, the single currency staged a strong rebound from a fresh 7-month trough of 1.0565 New York morning to 1.0642 before moving sideways in New York afternoon.
With no important EZ economic data due out today, euro is expected to trade well above said yesterday’s low and stops above 1.0650 is now in focus.
Bids are noted at 1.0610-00 and more below whilst a mixture of offers and stops is touted at 1.0645-50.
More selling interest is reported at 1.0680/90 with stops reported above 1.0700, suggesting buying euro on dips is the favoured strategy.
[B]Intra-day Market Moving News and Views
27 Nov 2015[/B] [I]01:53GMT[/I]
[B]EUR/USD[/B] - ....... Yesterday was the 'quietest' day in 2015 as euro only clocked up a mere 28 points range in lethargic North American session due to Thanksgiving Day market holiday. Intra-day move occured at European open when sellers gave euro a bashing at 1.0623 and this action quickly knocked price to 1.0600 which turned out to the session lows for the day and price later moved inside a directionless 1.0609-23 range.
Although short-term short sellers are having a go at the euro in Asia to look for stops below 1.0600, lack of conviction may send euro higher ahead of European open. In the absence of important EZ economic data, euro is expected to move sideways in the near term n perhaps month-end fund flows may move the euro a wee bit more later in the day.
For now, initial bids are noted at 1.0605/00 and more below with light stops touted below 1.0565, however, there is talk of more ‘profit-taking’ bids near 1.0560-50.
On the upside, initial offers are reported at 1.0625-30 with some stops above 1.0645, however, more offers are touted at 1.0670/80, so looks like range trading would continue for rest of the day.
[B]Intra-day Market Moving News and Views
30 Nov 2015[/B] [I]01:56GMT[/I]
[B]EUR/USD[/B] - ...... Although euro staged a short-covering rebound in Friday's New York session from 1.0569 to 1.0605, price came under renewed selling pressure due to usd's broad-based strength in Asia on Monday.
Bids are noted near last Wednesday’s fresh 7-month trough at 1.0565 with stops touted below there.
On the upside, offers are noted at 1.0605/15 and more above with stops reported above 1.0645, suggesting selling euro on intra-day recovery is recommended.
Italy & Germany will release inflation data during European session, pay particular attention to German preliminary CPI at 13:00GMT, street forecast is looking for October M/M reading of 0.1% (prev. at 0.0%) and Y/Y reading of 0.4% (previous at 0.3%)
[B]Intra-day Market Moving News and Views
01 Dec 2015[/B] [I]03:27GMT[/I]
[B]EUR/USD[/B] - ..... Euro also staged a short-covering bounce to 1.0597 due to intra-day broad-based long liquidation in the usd, suggesting choppy trading above yesterday's fresh 7-month bottom at 1.0558 (New York) would continue.
Although range trading is in store until European open, pay attention to a slew of Nov mfg PMIs, starting with Italy at 08:45GMT, then France at 09:50GMT, Germany at 08:55GMT and EZ at 09:00GMT.
Despite yesterday’s marginal weakness to 1.0558, traders reported a layer of bids for profit taking have been placed from 1.0550 all the way to 1.0500 and there is market chatter of option barrier there.
Offers are noted at 1.0600/10 and more above with stops touted at 1.0645/50.
[B]Intra-day Market Moving News and Views
02 Dec 2015[/B] [I]02:40GMT[/I]
[B]EUR/USD[/B] - ...... The single currency gained respite in Tuesday's trading after hitting a 7-1/2 month trough of 1.0558 on Monday.
Price rebounded to 1.0597 in Asia yesterday on broad-based long liquidation is the usd, euro then climbed to 1.0619 after upbeat German data.
Despite a brief pullback to 1.0585, renewed buying pushed price higher and euro later climbed to session high of 1.0637 after soft U.S. data but retreated briefly to 1.0605 before moving narrowly in New York afternoon.
Range trading below 1.0637 is expected ahead of European open, euro zone will release inflation and PPI data at 10:00GMT. Offers are reported at 1.0635/45 with stop above there, however, more selling interest is touted at 1.0665/75.
Initial bids are noted at 1.0610-00 with some stops below 1.0585, however, traders reported earlier solid bids by macro funds from 1.0560 all the way to 1.0500 and with option barrier at this psychological level.