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Market News Topics
November 01, 2017 04:19 GMT
*Nov1 Euro-dollar open $1.1646,........>
EURO SUMMARY
EURO SUMMARY: *Nov1 Euro-dollar open $1.1646, range $1.1629 to $1.1655
*Euro-dollar opened in Asia toward the middle of yesterday's $1.1625 to $1.1661
range, where consolidation was the theme in European and US markets.
*Reports that 'excellent progress' is being made on the US tax bill encouraged a
rise in US rate yields, Euro edged lower from $1.1655 to $1.1629. Pullbacks were
almost non-existent and heading toward the opening of European markets, the Euro
trades at $1.1632
*Key-resistance remains at $1.1675 (38.2% fib $1.1837-$1.1575), while hourly
support is found at $1.1625-27, a break to open $1.1604 (Hourly support Oct30).
*US ADP Employment change and ISM Manufacturing data provides the event risks
for the session ahead, which also includes FOMC.
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
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