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There is arguably just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1600 level. The large expiries there could act as a bit more of a price magnet in locking price action before rolling off later in the day. In other words, it could keep price movements holding thereabouts in the European session with little else to work with for now.
But overall, do keep an eye out on the risk mood in case that starts to spill over more meaningfully into major currencies. It hasn’t been too impactful in the past weeks but still, always something to be mindful about. And for today, the risk mood is looking more cautious with S&P 500 futures down 0.7% and Bitcoin dipping back under $90,000.
That could flow back into safety bids in FX if the selloff intensifies in the session ahead.
For more information on how to use this data, you may refer to this post here.
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This article was written by Justin Low at investinglive.com.
Silver’s outperformance against Gold continued into December, with the metal surging to another record high late last week and extending gains in Asian trading today. The rally highlights a stark divergence within precious metals: while Silver pushes into uncharted territory, Gold remains trapped in its near-term range and capped well below its own record. The […]
The post Silver extends record run and targets 60, leaving Gold lagging in range appeared first on Action Forex.
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