EUR futures: door open for extra downside

Pablo Piovano FXStreet

According to advanced figures for EUR futures markets from CME Group, open interest rose by around 4.7K contracts on Monday from Friday’s final 516,520 contracts. Volume, instead, dropped sharply by almost 48K contracts partially offsetting the previous build.

EUR/USD poised to re-test 1.1500 (and below?)

Monday’s advance in EUR/USD was in tandem with increasing volume although it did not find any echo in volume, which decreased significantly. That, coupled with the inability to sustain a breakout of 1.1600 the figure, opens the door for a potential test of the critical support at the 1.1500 neighbourhood.

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Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD makes a U-turn, focus on 1.1900

EUR/USD’s recovery picks up further pace, prompting the pair to retarget the key 1.1900 barrier amid further loss of momentum in the US Dollar on Wednesday. Moving forward, investors are expected to remain focused on upcoming labour market figures and the always relevant US CPI prints on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.