- Analytics
- News and Tools
- Market News
- EUR/USD: Options market turns most bearish in six weeks
EUR/USD: Options market turns most bearish in six weeks
One-month risk reversal (RR) of EUR/USD, a gauge of calls to puts, drops for the second consecutive day by the end of Thursday’s North American trading. In doing so, the options market gauge flashes -0.175 figure, the lowest since September 29.
The bearish bias could be linked to the escalating odds of the US Federal Reserve (Fed) rate hikes. On the contrary, the European Central Bank’s (ECB) downward revision to the economic forecasts enables the ECB policymakers to reject the rate lift concerns.
A 31-year high US inflation data and firmer Treasury yields could be linked to the US dollar’s recent strength. However, today’s US Michigan Consumer Sentiment for November, expected 72.4 versus 71.7 prior, will be eyed for fresh impulse.
That being said, the EUR/USD pair grinds lower around the July 2020 levels, down 0.07% intraday near 1.1440 during early Friday.
Read: EUR/USD Price Analysis: Inches closer to 1.1420-10 support zone
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
