India FX Reserves, USD: $696.66B (June 2) vs $691.49B

Conditions are deeply overbought; any further advance is likely part of a higher range of 1.1530/1.1640. In the longer run, EUR is likely to continue to rise; the levels to watch are 1.1640 and 1.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, rebounds to near 98.25, snapping the two-day losing streak during the early European session on Friday.

The USD/CNH pair recovers its recent losses registered in the previous session, trading around 7.1860 during the Asian hours on Friday. An analysis of the daily chart indicates that the pair price testing to break above the descending channel pattern, which points to a weakening bearish trend.

FX option expiries for Jun 13 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

The volatility surrounding the New Taiwan Dollar (TWD) remains extremely high as investors assess trade-related news against the exposure of Taiwan’s life insurance companies’ to US Dollar(USD)-denominated assets.

FX option expiries for Jun 12 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

Bitcoin (BTC) price edges slightly down on Wednesday, remaining limited below its all-time high of $111,980. The risk-on sentiment remains strong as the US-China trade agreement eases tensions and the market looks ahead to the US Consumer Price Index (CPI) release on Wednesday. 

EUR/CAD recovers its recent losses, trading around 1.5640 during the European hours on Wednesday. Technical analysis on the daily chart points to the potential weakening of a bearish bias, with the currency cross hovering near the upper boundary of the descending channel.

There has been no increase in either downward or upward momentum; Euro (EUR) is likely to trade in a range of 1.1385/1.1460. In the longer run, EUR appears to have entered a range trading phase between 1.1330 and 1.1495, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

FX option expiries for Jun 11 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

The USD/JPY advances for the first time in the week, clearing Monday’s high of 144.95, as the US Dollar climbs on speculation that Washington and Beijing might reach a trade agreement in London. This has pushed the major above 145.00, posting gains of over 0.24%.

The Greenback traded with a slightly positive bias on Tuesday, reversing a bearish start to the week and supported by consistent caution on US-China trade talks in London, while prudence also developed ahead of the publication of vital US inflation data on Wednesday.

EUR/CAD holds losses after experiencing consolidation, trading near 1.5640 during European hours on Tuesday. Technical analysis on the daily chart points to the weakening of a bearish bias, with the currency cross attempting to break above the upper boundary of the descending channel.

Price movements did not result in any increase in either downward or upward momentum; Euro (EUR) is likely to trade in a range of 1.1390/1.1445 against US Dollar (USD).

FX option expiries for Jun 10 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

The current price movements appear to be part of a 1.1365/1.1435 range trading phase. In the longer run, Euro (EUR) appears to have entered a range trading phase between 1.1330 and 1.1495, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

FX option expiries for Jun 9 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

USD/JPY extended its uptrend for two consecutive days, with the major currency pair reaching a new weekly high of 145.09, driven by solid US economic data on Friday.

Ripple (XRP) edges higher after a broader flash sell-off on Thursday, which saw the cryptocurrency market capitalization drop 4% to $3.4 trillion. XRP has recovered to trade at around $2.17 at the time of writing on Friday after dropping 9% on Thursday.

India FX Reserves, USD declined to $691.49B in May 26 from previous $692.72B

Here is what you need to know on Friday, June 6:

FX option expiries for Jun 6 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

NZD/JPY climbed over 0.75% on Thursday amid a session that witnessed an escalation of the Trump-Musk fight on social media, which ultimately sent Testla (TSLA) stocks plunging over 14% during the day.

FX option expiries for Jun 5 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

NZD/JPY retreated after reaching a three-day high of 86.82, dropping towards the 86.00 figure as market appetite turned slightly sour.

Silver price consolidated during Wednesday’s session, trading almost flat near $34.50, as traders seem reluctant to push the metal’s prices outside of the $34.00-$34.50 range.

USD/CHF drops from around three-day highs near 0.8250 and tumbles as the Greenback prolongs its agony, following a slight recovery on Tuesday. At the time of writing, the pair trades at 0.8174, down 0.78%.

Euro (EUR) is likely to trade in a range of 1.1360/1.1430. In the longer run, EUR outlook is revised to positive; the immediate levels to watch are 1.1495 and 1.1530, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

FX option expiries for Jun 4 NY cut at 10:00 Eastern Time vi a DTCC can be found below.