LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

EURUSD : Remains depressed near 1.1150 ahead of ECB-speak


The selling pressure around the shared currency remains well and sound so far this week and is now taking EUR/USD to once again test the mid-1.1100s.EUR/USD does not rule out a test of 1.1100 Spot is down for the second session in a row following Monday’s unsuccessful bullish attempt and yesterday’s bull run to the 1.1180 regions. In the meantime, trade concerns stemming from the US-China dispute keep dictating the price action and the sentiment in the global markets and stay unabated despite the Trump’s administration lifted the ban on Chinese tech Huawei for 90 days on Tuesday. Moving forward, still, no significant releases in Euroland should leave the bulk of attention to the speeches by President M.Draghi and Board member P.Praet. Across the Atlantic, the FOMC will publish the minutes from its last meeting, while Fed’s Williams and Bostic are also due to speak. At the moment, the pair is losing 0.04% at 1.1154 and faces the next support at 1.1135(May).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.