Free Trial

Volume Surge Pressures Pair Lower

EURO-DOLLAR

Not seeing any headline catalyst for move higher in USD in recent trade (EUR/USD off around 20 pips or so in recent trade) but move is putting some pressure on spot gold which hits new lows at 1980.15. No concurrent move in US yields or equities as yet.

Best volume of the day in EUR futures crossing on the most recent downtick. Around 6,000 contracts changing hands on the way lower inside around 5 minutes - that's around $950mln cash equivalent.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.