There are just a couple to take note of on the day, as highlighted in bold below.
They are both for EUR/USD and currently sandwiching the current spot price, with the expiries resting at 1.1800 and 1.1850. They’re not ones that tie to any technical significance but could act as bookends for price action in terms of any extensions we see during European morning trade later.
The dollar continues to keep steadier on the week but more watchful eyes will be on USD/JPY instead, that especially as the pair continues to creep back up. After the speculated ‘rate checks’ at the end of January, actual intervention remains the next course of action and a return back towards 160 will certainly raise odds of that happening.
So, just be wary of that as it could also have some spillover impact on dollar sentiment elsewhere. That as well as if precious metals can stick with the latest recovery we’re seeing in the past few sessions. So far, gold is the one making waves and trying to lead the charge on that front as seen here.
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.