Free Trial

*Aug30 Euro-dollar open $1.1972,.......>

EURO SUMMARY
EURO SUMMARY: *Aug30 Euro-dollar open $1.1972, range $1.1963 to $1.1984
*Euro opened in Asia at toward the lower side of yesterday's $1.1947 to $1.2070
range, where better-than-expected US consumer confidence data encouraged
profit-taking on Euro longs
*It was a less an auspicious session in the Asia-Pacific region, demand in
Euro-yen was predominantly responsible for the rise from $1.1963 to $1.1984.
Overall, Euro remained in a holding pattern ahead of European data
*Hourly low at $1.1947 is seen at initial support, while resistance is located
at $1.1994 (38.2% $1.2070-$1.1947 decline).
*Eurozone consumer confidence (0900GMT), German Aug CPI (1200GMT) provide the
event risk for the session(s) ahead which includes ADP employment change
(1215GMT)

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.