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Apr 10 - 04:55 AM

EUR/USD - Wise Money May Be Wagered On EUR/USD Doing Little

By Jeremy Boulton  —  Apr 10 - 02:35 AM
  • EUR/USD has been quiet for a while with specs paring bullish bets

  • Over $20bln was staked on a rise in December - just 2 billion now

  • As a result EUR/USD has settled around a neutral point

  • Centre of 20-week Bollingers 1.0867 - 50% Oct-Dec rise 1.0794

  • It may take a big surprise to shift EUR/USD in either direction

  • Option traders don't foresee this happening - one-month vol just 5.5

  • If oil has topped focus may gradually shift to EUR/USD's upside

Source:
Refinitiv IFR Research/Market Commentary

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