EUR Futures: room for extra gains near term

Pablo Piovano FXStreet

In light of advanced data for EUR futures markets from CME Group, investors scaled back their open interest positions by nearly 2K contracts on Tuesday, reversing four consecutive daily builds. On the other hand, volume increased by around 227K contracts, the largest single day build since early March.

EUR/USD still aims for the 200-day SMA

EUR/USD continues its march north this week and still targets the key 200-day SMA at 1.1364 amidst a significant increase in volume and despite the down tick in open interest.

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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.