Forex: EUR/USD weak after Dallas manufacturing
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EUR/USD
FXstreet.com (Barcelona) - Monday's trading range widened with the proximity of the New York session, printing a new daily high at, 1.2536, ahead of the opening and a new daily low at, 1.2511, right after. The market is quiet overall with low volumes.
Ahead at 16:00 and 16:15 GMT are Fed and ECB central bankers Pianalto and Asmussen's speeches, to be eyed as markets await hints of accommodation in both economies.
Meanwhile, the US Dallas Fed Manufacturing Business Index improved more than expected in August, from -13.2 to -1.6. Market consensus was pointing to -8.0. The EURUSD trades at 1.2515/20 area.
"I favor a slide later today for a test above 1.2430-40 support area and it should finalize current consolidation, setting the stage for a rise towards 1.2690", wrote Deltastock.com analyst Stoyan MIhaylov.
Ahead at 16:00 and 16:15 GMT are Fed and ECB central bankers Pianalto and Asmussen's speeches, to be eyed as markets await hints of accommodation in both economies.
Meanwhile, the US Dallas Fed Manufacturing Business Index improved more than expected in August, from -13.2 to -1.6. Market consensus was pointing to -8.0. The EURUSD trades at 1.2515/20 area.
"I favor a slide later today for a test above 1.2430-40 support area and it should finalize current consolidation, setting the stage for a rise towards 1.2690", wrote Deltastock.com analyst Stoyan MIhaylov.
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