There is room for Pound Sterling (GBP) to weaken further; any decline is likely part of a lower range of 1.3210/1.3310.
FX option expiries for Jul 31 NY cut at 10:00 Eastern Time via DTCC can be found below.
The EUR/GBP extended its losses in the early North American session, down over 0.15% as traders digested trading news between the United States (US) and the European Union (EU).
FX option expiries for Jul 30 NY cut at 10:00 Eastern Time via DTCC can be found below.
Silver price post back-to-back doji candles, near the $38.00 figure, as the grey metal market consolidates ahead of the Federal Reserve monetary policy decision.
Ripple (XRP) price is choppy, trading broadly sideways on Tuesday with support at $3.00 and short-term resistance at $3.20. Several attempts to erase the 16% decline from the token’s record high of $3.66 have been subdued amid increasing selling pressure and fading bullish momentum.
Outsized drop appears excessive, but there is a chance for EUR to test the 1.1540/1.1555 support zone before stabilisation can be expected.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the fourth consecutive session and trading around 98.80 during the European hours on Tuesday.
FX option expiries for Jul 29 NY cut at 10:00 Eastern Time via DTCC can be found below.
There is a chance for Euro (EUR) to rise above 1.1775 against US Dollar (USD); the major resistance at 1.1795 is likely out of reach for now. In the longer run, price action indicates further EUR strength, likely toward 1.1795, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Jul 28 NY cut at 10:00 Eastern Time via DTCC can be found below.
Euro (EUR) could pull back further against US Dollar (USD), but any decline is likely part of a lower range of 1.1715/1.1775. In the longer run, price action indicates further EUR strength, likely toward 1.1795, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Bitcoin (BTC) is slipping below the lower consolidation band at $116,000, after consolidating for more than ten days. A decisive close below this level would indicate further decline ahead.
FX option expiries for Jul 25 NY cut at 10:00 Eastern Time via DTCC can be found below.
FX option expiries for Jul 24 NY cut at 10:00 Eastern Time via DTCC can be found below.
Ripple (XRP) price is extending an intraday red candle on Wednesday, trading at around $3.29 in the American session. The decline follows a rejection from Monday's swing, which stopped just shy of the token's record high of $3.66, reached on Friday.
The Australian Dollar is one of the strongest performers in a risk-off session on Wednesday and is trading higher against the safe-haven Japanese Yen.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after three days of losses and trading around 97.40 during the early European hours on Wednesday.
FX option expiries for Jul 23 NY cut at 10:00 Eastern Time via DTCC can be found below.
Silver price rally continued during the week, posting gains of over 0.94% on Tuesday and reaching 14-year highs, levels last seen in September 2011. At the time of writing, XAG/USD trades at $39.25.
Sharp and swift rally appears excessive; Euro (EUR) is likely to consolidate in a range between 1.1665 and 1.1720 against US Dollar (USD).
Avalanche (AVAX) price trades in green above $25 at the time of writing on Tuesday after gaining over 18% in the previous week. Derivatives and on-chain data support the bullish thesis as AVAX’s Open Interest (OI) reached a record level and Total Value Locked continues to climb.
FX option expiries for Jul 22 NY cut at 10:00 Eastern Time via DTCC can be found below.
The Greenback started the new trading week on the back foot amid steady concerns on the trade front, particularly surrounding US-EU discussions and Fed independence jitters.
Euro (EUR) is expected to trade sideways between 1.1590 and 1.1665 against US Dollar (USD). In the longer run, EUR weakness appears to have stabilised; for the time being, it is likely to consolidate in a range of 1.1550/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD seems quite comfortable near the 1.1600 level. In theory, it has had enough consolidation should it want to move higher again, though there does not seem to be a catalyst for that this week, ING's FX analyst Chris Turner notes.
FX option expiries for Jul 21 NY cut at 10:00 Eastern Time via DTCC can be found below.