FX Strategists at UOB Group noted that a surpass of 1.1655 should alleviate the downside pressure in EUR/USD.
GBP/USD snaps three-day uptrend, sellers attack intraday low of late.
UK’s Frost again warns EU over NI protocol, brands US President Biden as no more than an “interested observer”.
UK PM Johnson eyes post-covid economy guide during first annual Conservatives meet since 2019.
Fears over China financial markets, anxiety over US stimulus, debt ceiling favor USD strength ahead of the key PMIs.
Extra gains in USD/JPY seem to have lost momentum for the time being and some consolidation could now turn up within the 110.30/111.70 range, commented FX Strategists at UOB Group.
AUD/USD takes offers towards the intraday low of 0.7261, down 0.23% on a day, after an initial inaction to the Reserve Bank of Australia (RBA) monetary policy announcement on early Tuesday.
NZD/USD could trade between 0.6880 and 0.7010 in the next weeks, suggested FX Strategists at UOB Group.
USD/CAD defends the 1.2600 threshold while snapping a three-day downtrend during early Tuesday.
One-month risk reversal (RR) of USD/CHF, a gauge of calls to puts, prints -0.050 readings on October 05, per the latest data from Reuters. The figures suggest that the pair traders are turning bearish a three-day indifference, not to forget mentioning the heaviest downside bias in one week.
CME Group’s preliminary readings for crude oil futures markets noted traders added around 24.7K contracts to their open interest positions on Monday, the largest single-day build since September 23. Volume followed suit and went up by around 217.3K contracts.
Gold price snaps three-day uptrend as China worries and inflation fears revive the dollar’s safe-haven demand. In addition, gold’s daily technical setup remains in favor of bearish traders, as Dhwani Mehta notes.
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