Intra-Day Market Moving News and Views
01 Apr 2016 02:19GMT
[B]EUR/USD [/B]- ...... Although euro continued its recent winning streak n rose to a fresh 4-1/2 month peak at 1.1412 in New York morning after data showed that inflation in euro zone improved in March, release of upbeat U.S. Chicago PMI knocked price down to 1.1375 later in New York session.
Euro retreated again after a brief gain to 1.1389 at Asian open and edged lower to 1.1373.
Today's focus for the single currency will be on the release of a slew of Manufacturing PMIs from Markit, a leading market research company, for euro zone n its member countries in European morning, theses includes Switzerland, France, Italy and Germany.
In addition, euro zone will release its unemployment rate for February at 09:00GMT.
At present, bids are reported at 1.1350-40 and then 1.1320-00 area with stops below there.
On the upside offers are noted at 1.1380-90 and then near 1.1400 with stops building above 1.1420.
Data to be released on Friday:
Australia AIG manufacturing index, Japan Tankan big manufacturing index, Tankan big non-manufacturing index, Tankan large all industry Capex, Tankan small manufacturing index, Tankan small non-manufacturing index, Tankan small all industry Capex, manufacturing PMI, China non-manufacturing PMI, manufacturing PMI, Swiss retail sales, manufacturing PMI, Italy Markit manufacturing PMI, unemployment rate, France Markit manufacturing PMI, Germany Markit manufacturing PMI, Eurozone Markit manufacturing PMI, unemployment rate, U.K. Markit manufacturing PMI, U.S. non-farm payrolls, unemployment rate, private payrolls, manufacturing payrolls, average earnings, participation rate, manufacturing PMI, construction spending, Reuters/University of Michigan consumer sentiment index and Canada RBC manufacturing PMI.
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