EUR futures: further consolidation likely
|CME Group’s flash data for EUR futures markets showed investors scaled back their open interest positions by nearly 3K contracts on Tuesday vs. Monday’s final print at 468,666 contracts. Volume followed suit, down by a marginal 286 contracts.
EUR/USD choppiness poised to continue
There is no change in the near term stance for EUR/USD, which is expected to extend its consolidative theme, all against the backdrop of alternating trends in both open interest and volume.
Looking ahead, the Jackson Hole Symposium and particularly the speeches by ECB’s Draghi and Fed’s Yellen will be critical for the pair in the very near term.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.