Euro (EUR) is likely to trade in a range of 1.1600/1.1690. In the longer run, EUR is expected to trade in a range between 1.1580 and 1.1745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Euro (EUR) is likely to consolidate between 1.1665 and 1.1745. In the longer run, increase in upward momentum is not enough to indicate a sustained rise; EUR must first close above 1.1745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Bitcoin (BTC) price extends its correction, trading below $111,600 at the start of the week on Monday after being rejected from its previously broken trendline last week.
FX option expiries for Aug 25 NY cut at 10:00 Eastern Time via DTCC can be found below.
Euro (EUR) could drop below the 1.1595 support level, potentially testing 1.1575. In the longer run, downward momentum has increased further, but not significantly; for a continued decline, EUR must first close below 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Bitcoin (BTC) price remains under pressure this week, consolidating above $111,980 support after dropping more than 3%. BTC pullback continued as weakening demand and profit-taking keep weighing in, as spot Exchange Traded Funds (ETFs) saw over $1.15 billion in outflows.
The Euro is losing momentum against the Canadian Dollar on Friday.
FX option expiries for Aug 22 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CHF clears the 20-day SMA of 0.8076, rises over 0.56% sponsored by mixed economic data in the US that triggered a reaction by investors, who trimmed dovish Fed bets for the upcoming September meeting. The pair trades at 0.8087, about to crack the 0.81 handle.
Bitcoin (BTC) steadies around $113,500 at the time of writing on Thursday after falling 3% so far this week. On-chain data shows that weakening demand and profit-taking continue to weigh on BTC.
Momentum indicators are turning flat; Euro (EUR) is likely to trade in a range between 1.1630 and 1.1680. In the longer run, tentative increase in downward momentum could lead to EUR edging lower and testing 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Aug 21 NY cut at 10:00 Eastern Time via DTCC can be found below.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the third successive session and trading around 98.30 during the European hours on Wednesday.
FX option expiries for Aug 20 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/JPY consolidated during Tuesday’s session, ending the day with minimal losses of 0.14%, with the pair trading near familiar levels, below the 20-day Simple Moving Average (SMA) at 147.86. At the time of writing, the pair trades at 147.61, virtually unchanged as Wednesday’s Asian session begins.
The US Dollar (USD) had a positive day on Tuesday, as traders remained cautious ahead of the release of the FOMC Minutes on Wednesday and the pivotal Jackson Hole Symposium later this week. Furthermore, geopolitics has returned to the forefront of price action drivers.
Sui (SUI) continues to trade in red, trading below $3.60 at the time of writing on Tuesday and slipping below a key support level, suggesting a bearish trend ahead. On-chain data shows that SUI’s Spot Taker Cumulative Volume Delta (CVD) is turning red, reflecting bearish dominance.
The Pound is retracing some losses on Tuesday with the US Dollar pulling back from recent highs amid a moderately positive market sentiment, and investors looking at Wednesday’s UK CPI reading that might give further reasons to BoE hawks.The GBP/USD pair has bounced up from intra-day lows at 1.3485
FX option expiries for Aug 19 NY cut at 10:00 Eastern Time via DTCC can be found below.
The USDCHF ended Monday’s session with minimal gains, yet it consolidated around the 0.8070 figure for the third straight day. At the time of writing, the pair trades at 0.8073, virtually unchanged.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding around and trading around 98.00 during the early European hours on Monday.
FX option expiries for Aug 18 NY cut at 10:00 Eastern Time via DTCC can be found below.
EUR/USD reverses its course, climbs on Friday, ignoring solid US Retail Sales data due to market participants still pricing in a Federal Reserve (Fed) rate cut in September. The pair trades at 1.1702, up 0.47%.
The current Euro (EUR) price movements are likely part of a consolidation phase between 1.1585 and 1.1705, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The US Dollar recovery attempt seen on Thursday was capped below 148.00, and the pair has resumed its downtrend, extending losses below 147.00 on Friday, amid a broad-based US Dollar’s weakness.With the impact of the strong US PPI fading, investors' hopes that the meeting between Trump and Putin mig
FX option expiries for Aug 15 NY cut at 10:00 Eastern Time via DTCC can be found below.
The GBP/USD retreats during the North American session, down 0.21% after a hot inflation report in the United States (US) prompted traders to pare rate cut bets by the Federal Reserve at the September meeting. At the time of writing, the pair trades at 1.3545 after hitting a daily peak of 1.3594.