Free Trial

*Aug14 Euro-dollar open $1.1825,.......>

EURO SUMMARY
EURO SUMMARY: *Aug14 Euro-dollar open $1.1825, range $1.1815 to $1.1835
*Euro opened in Asia toward the upper side of Friday's $1.1749 to $1.1847 range,
where softer-than-expected US CPI data placed the greenback on the defensive
*Initially dipping to around $1.1815 demand in euro-yen lifted the pair higher
to $1.1835.
*Once euro-yen demand evaporated, euro-dollar traded a few pips either side of
$1.1830 for the balance of the session
*Key support is seen at $1.1787 38.2% $1.1689-$1.1847, while resistance lies at
$1.1847/50 (Aug11 high, supply reported)
*Data wise, there is no significant data due for release today, focus comes
later in the week with US retail sales (Tuesday) and FOMC minutes (Wednesday).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.