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8 Feb 2022

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

Feb 8, 2022

AUD/USD Price Analysis: Fresh houly highs on the horizon as price mitigates imbalance

AUD/USD bulls are taking charge in the Asian session and are printing fresh hourly highs for the week's business so far: Meanwhile, as per the prior a
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Feb 8, 2022

USD/CNY fix: 6.3569 vs est 6.3543

In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3569 vs the estimated 6.3543 and previous 6.3580. About the fix China
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