- Analytics
- News and Tools
- Market News
- EUR/USD grinds higher around 1.1450 even as risk reversal snap five-day uptrend
EUR/USD grinds higher around 1.1450 even as risk reversal snap five-day uptrend
EUR/USD pauses the previous day’s pullback from a three-month high around 1.1445-50 during Tuesday’s Asian session.
In doing so, the major currency pair seems to benefit from the market’s risk-on mood while ignoring the recent rebound in the US Treasury yields and downbeat signals from the options market.
That said, one-month risk reversal (RR) on EUR/USD, a measure of the spread between the call and put prices dropped for the first time in six days to -0.1000 at the latest, by the end of Monday’s North American session per data source Reuters.
While the risk-on mood can be linked to the cautious optimism over the US-Japan trade deal and Russia-Ukraine issues, fears of hawkish central bank actions challenge the EUR/USD buyers. Moving on, US Goods and Services Trade Balance for December, expected $-83B versus $-80.2B, may offer intermediate clues to the EUR/USD ahead of Thursday’s key US Consumer Price Index (CPI).
Read: EUR/USD Price Analysis: 100-DMA defends bulls around 1.1450
© 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
