EUR Futures: further downside on the cards

Pablo Piovano FXStreet

In light of advanced data for EUR futures markets, investors added just 530 contracts to their open interest positions on Wednesday, reversing two drops in a row, according to CME Group. Volume, instead, shrunk by nearly 24K contracts.

EUR/USD still risks a visit to 2019 lows

EUR/USD navigates the lower end of the range below the 1.1100 handle. Rising open interest allows for the continuation of the leg lower in the near term to, initially, the 1.1020/30 band, where emerges the 2019 low.

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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 trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.