EUR/USD: options markets biased for further gains

Pablo Piovano FXStreet

Activity in the 6EU7 contract with expiring date on August 4 showed OTM (‘out of the money’) Puts increasing by 1,486 contracts, mainly in the 1.1600 and 1.1700 strike prices and ITM (‘in the money’) Puts advancing by 88 contracts, all according to CME Group’s advanced data.

In addition, OTM Calls rose by 398 contracts mainly in the 1.1850 and 1.1800 strike prices vs. a drop of 42 contracts ITM Calls.

Furthermore, the Put/Call ratio is at 1.02.

EUR/USD still targets 1.1713

EUR/USD is receding some ground after reaching a fresh 2-year tops in the 1.1680/85 band, although the sentiment among investors keeps biased towards further gains. OTM Calls rose by nearly 400 contracts while the significant raise in OTM Puts could be seen as ‘insurance’ in case the correction lower accelerates.

Author

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 recedes to daily lows near 1.1770

EUR/USD is losing some momentun, easing to daily troughs around 1.1770 on turnaround Tuesday. The pair’s pullback comes amid solid gains in the US Dollar, all amid lingering uncertainty around US tariffs ahead of comments from Fed officials.

GBP/USD comes under pressure below 1.3500, focus on BoE

GBP/USD is on the defensive again on Tuesday, hovering below the 1.3500 mark as the Greenback stages a firm rebound after two soft sessions. Investors, in the meantime, are expected to closely follow BoE official’s comments later in the day.

Gold fades the advance, back to $5,100

Gold is giving back a good portion of the recent multi-day rally, receding to the boundaries of the $5,100 region per troy ounce amid the marked rebound in the Greenback. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.