News Headline Summary

Market talk of offers in EUR/USD into 1.2900 - Unconfirmed; trades 1.2887 (+2 pips ) last

‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Analysis details (02:29)

- Despite the dip that we saw earlier in the session, hitting a low of 1.2869, after comments from German chancellor Merkel said that she doubts the EU will reach an agreement at this meeting and expects a second summit next year to resolve the budget, we have recently seen a bounce in EUR/USD which has pared the earlier move, this bounce has been attributed to short covering.

23 Nov 2012 - 02:22 - Forex Rumour - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: