EUR Futures: some consolidation likely ahead of FOMC

Updated: 29 Jul. 2019 | 07:32

In light of preliminary figures for EUR futures markets from CME Group, open interest rose for the fourth consecutive session on Friday, this time by more than 9K contracts. On the other hand, volume reversed the previous build and shrunk by around 122.6K contracts.

EUR/USD faces further rangebound

Following the recent drop to fresh yearly lows just above the 1.1100 handle, EUR/USD is seen entering a consolidative mode around current levels, at least until the FOMC meeting due on Wednesday.

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.