AceTraderFx Oct 22: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
22 Oct 2015 01:20GMT
EUR/USD - ...... 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.
Intra-day Market Moving News and Views
22 Oct 2015 01:20GMT
EUR/USD - ...... 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.