In FX markets, the greenback remained firm and held on to the prior day’s gains amid higher yields and expectations of a solid GDP report. Furthermore, the greenback was also aided by weakness in its main counterparts in which EUR/USD languished following an uneventful ECB meeting.
Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1500 (1.1 BLN), 1.1550 (1.1 BLN), 1.1700 (1.9 BLN), 1.1735 (0.505 BLN), 1.1750 (1.2 BLN) and 1.1800 (0.759 BLN).
Not looking good, let’s see what the US GDP and Personal Consumption bring to the table today as I hold a long position @ 1.1555 with the targets, first target @ 1.1852 and second target @ 1.2000.
Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1500 (1.1 BLN), 1.1550 (1.1 BLN), 1.1700 (1.9 BLN), 1.1735 (0.505 BLN), 1.1750 (1.2 BLN) and 1.1800 (0.759 BLN).
Not looking good, let’s see what the US GDP and Personal Consumption bring to the table today as I hold a long position @ 1.1555 with the targets, first target @ 1.1852 and second target @ 1.2000.
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