Further Euro (EUR) weakness is not ruled out; any decline is unlikely to threaten the major support at 1.1490 today. In the longer run, the next level to watch is at 1.1490, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Nov 3 NY cut at 10:00 Eastern Time via DTCC can be found below.
Strong momentum suggests Euro (EUR) could break below 1.1540; the next major support at 1.1490 is likely out of reach for now.
FX option expiries for Oct 31 NY cut at 10:00 Eastern Time via DTCC can be found below.
EUR/USD retreats on Thursday as the European Central Bank (ECB) decided to hold rates unchanged, but traders, still digesting the 'hawkish' cut by the Federal Reserve (Fed) on Wednesday, kept the shared currency below the 1.1600 figure. The pair trades at 1.1565, down 0.30%.
Euro (EUR) is likely to trade in a range between 1.1575 and 1.1635. In the longer run, EUR is under mild downward pressure; it may edge lower but is unlikely to threaten the support at 1.1540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Here is what you need to know on Thursday, October 30:
The US Dollar (USD) sharply reversed its recent weakness as market participants assessed the widely anticipated rate reduction by the Federal Reserve, while hopes of a US-China trade deal continued to do the rounds in the background.
The current price movements are likely part of a range-trading phase between 1.1630 and 1.1670.
Euro (EUR) could rise gradually, but it is unlikely to break above the major resistance at 1.1680. In the longer run, for the time being, EUR is likely to trade between 1.1585 and 1.1680, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Oct 28 NY cut at 10:00 Eastern Time via DTCC can be found below.
The AUD/JPY cross slumps to around 99.55 during the early European session on Tuesday.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second consecutive day and trading around 98.60 during the Asian hours on Tuesday.
EUR/USD edges up late in the North American session on Monday as the Greenback retreats from last week's highs, while the US-China trade war de-escalates ahead of the Donald Trump-Xi Jinping summit in South Korea. The pair trades at 1.1643, up by 0.15%.
FX option expiries for Oct 27 NY cut at 10:00 Eastern Time via DTCC can be found below.
Solana (SOL) continues its upward momentum, trading above $204 at the time of writing on Monday, having rallied more than 6% in the previous week.
The USD/CHF remains subdued on Friday, yet the pair trades below 0.8000 poised to finish the week with modest gains of over 0.25%. At the time of writing, the pair trades at 0.7956m, virtually unchanged.
Euro (EUR) is likely to trade in a range between 1.1590 and 1.1635. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The British Pound has accelerated its uptrend on Friday, reaching fresh two-week highs in the area of 203.90, buoyed by an unexpected increase of September’s UK Retail Sales figures, and is on track to close the week with a o0.8% advance, its best weekly performance since July.
FX option expiries for Oct 24 NY cut at 10:00 Eastern Time via DTCC can be found below.
Downward momentum has eased with the rebound; Pound Sterling (GBP) is likely to trade in a sideways range of 1.3330/1.3380. In the longer run, GBP is likely to edge lower within a lower range of 1.3310/1.3435, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Euro (EUR) is likely to trade in a range between 1.1580 and 1.1625. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Oct 23 NY cut at 10:00 Eastern Time via DTCC can be found below.
The US Dollar (USD) snapped a multi-day positive run, coming under renewed downside pressure after hitting fresh weekly highs amid somewhat mitigated concerns on the US-China trade front, while the lack of news surrounding a deal to end the US federal government shutdown continued to prevail.
Euro (EUR) could test 1.1580; a sustained drop below this level is unlikely. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Oct 22 NY cut at 10:00 Eastern Time via DTCC can be found below.
The New Zealand Dollar recovers some ground as Wednesday’s Asian session begins, yet it remains hoovering at around 0.5740 for the third straight day, below the 20-day Simple Moving Average (SMA).