EUR futures: upside running out of steam?
|According to CME Group’s preliminary data for EUR futures markets, open interest dropped by more than 1.8K contracts on Monday vs. Friday’s final reading at 526,088 contracts. In the same line, volume decreased sharply by over 172K contracts.
EUR/USD cautious ahead of FOMC
EUR/USD is advancing firmly for the fourth straight session so far, although the recent activity in open interest and volume (both shrinking) suggests that the up move could be running out of steam, particularly ahead of the FOMC meeting due tomorrow.
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.