The USD/CHF consolidates during the North American session, is flat below the 0.8000 figure, poised to finish the week with 0.36% gains. A risk-off mood bolstered the Greenback, which so far has recovered some ground during the current week.
The Australian Dollar is showing an exceptional bullish tone on Friday’s European morning session.
FX option expiries for Jul 11 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
The US Dollar reversed two daily drops in a row and charted acceptable gains on Thursday, following steady tensions on the trade front and another firm print from the weekly report on the US labour market.
Euro (EUR) could edge higher against US Dollar (USD); any advance is likely part of a higher range of 1.1700/1.1755. In the longer run, no change in view; there is still a chance (albeit a limited one) for EUR to pull back to 1.1660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Jul 10 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Silver price registered losses of over 1% on Wednesday after the US Federal Reserve (Fed) unveiled its June meeting minutes, hinting that policymakers are eyeing just one interest rate cut, instead of the two priced in by investors. Although the Greenback was unchanged, the grey metal tumbled.
Euro (EUR) is expected to trade in a range between 1.1690 and 1.1760 against US Dollar (USD). In the longer run, EUR strength from late last month has ended; the current pullback could extend to 1.1660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Ripple (XRP) is gradually edging higher, backed by steady interest in the token, especially in the derivatives market.
FX option expiries for Jul 8 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Silver price seesaws around a $36.15-$37.22 range on Monday, but it is set to finish the day with losses of over 0.23% at $36.74 at the time of writing.
As investors remained wary over trade tensions following President Trump's announcement of tariffs on Japan and South Korea, the Greenback gained momentum, rising to multi-day highs and sparking a generalised strong correction in the risk-associated space on Monday.
FX option expiries for Jul 7 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Silver price traded sideways on Friday, remaining virtually unchanged at $36.84, due to thin trading volumes as US markets were closed for a holiday.
Euro (EUR) is expected to trade in a range between 1.1730 and 1.1805. In the longer run, upward momentum is slowing rapidly, but there is a slim chance for EUR to rise toward 1.1830 before a more sustained and notable pullback is likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Jul 4 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Silver price trades above two-week highs on Thursday, near the $37.00 figure, up by 0.86% at the time of writing. Upbeat economic data in the United States (US) boosted the Greenback, mostly against Gold. The grey metal capitalized on the current market structure, as a double-bottom formation looms.
FX option expiries for Jul 3 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
The silver price printed solid gains on Wednesday, up 1.40%, yet it remains consolidating within the $36.00-$36.60 range for the second consecutive day. A positive market mood and broad US Dollar strength capped the grey metal’s advance.
Momentum indicators are turning flat; GBP is likely to consolidate in a range between 1.3700 and 1.3780.
FX option expiries for Jul 2 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
The USD/JPY posted mild losses of 0.17% after hitting a new four-week low of 142.68, sponsored by upbeat economic data in Japan.
Increase in momentum could lead to Euro (EUR) testing 1.1820 against US Dollar (USD); the next resistance at 1.1850 is unlikely to come under threat.
FX option expiries for Jul 1 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
The Swiss Franc (CHF) surges against the US Dollar (USD) on Monday, trading at almost 14-year highs, near levels last seen in September 2011. At the time of writing, the USD/CHF plummeted to 0.7933, after hitting a multi-year low of 0.7929, down over 0.59%.
Slight increase in upward momentum is likely to lead to a higher trading range of 1.1685/1.1765. In the longer rum, further EUR strength still seems likely; the next level to monitor is 1.1780, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Jun 30 NY cut at 10:00 Eastern Time vi a DTCC can be found below.