FX markets were choppy as the early safe-haven flows into the greenback from the US tariff announcement gradually dissipated. However, most the price moves in FX later reversed driven by a mild improvement in risk tone which was attributed to the tariffs being telegraphed well in advance and with no immediate tariff retaliation from China.
Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1600 (0.826 BLN), 1.1680 (1.1 BLN) and 1.1700-10 (0.600 BLN).
EUR/USD is struggling to close above 1.1688, moved my stop loss to breakeven. Nonetheless, if it closes above the 1.1688 we should see a bullish run toward 1.1795.
Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1600 (0.826 BLN), 1.1680 (1.1 BLN) and 1.1700-10 (0.600 BLN).
EUR/USD is struggling to close above 1.1688, moved my stop loss to breakeven. Nonetheless, if it closes above the 1.1688 we should see a bullish run toward 1.1795.
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