FX

FX option expiries for May 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts         1.2160 916m 1.2175 1.3b 1.2300 411m – GBP/USD: GBP amounts         1.4020 608m – USD/JPY: USD amounts          108.65 532m 110.00 522m – AUD/USD: AUD amounts 0.7730-35 964m 0.7760 834m 0.7775 792m 0.7800 354m – USD/CHF: […]

AUD/USD is on the back foot following the Federal Open Market Committee’s minutes. At the time of writing, AUD/USD is down 0.93% having travelled from a high of 0.7797 to a low of 0.7716. The minutes showed that there are prospects for adjustments to the pace of purchases if the economy continues to make rapid progress towards

USD/CAD gained traction in the late American session. US Dollar Index remains on track to snap four-day losing streak. FOMC Minutes showed some policymakers are willing to discuss adjustments to asset purchases. The USD/CAD pair pushed higher in the late American session and touched a daily top of 1.2132 fueled by the renewed USD strength. As

Update: Gold price remains on the front foot near the four-month top, up 0.20% around $1,871, as European traders prepare for Tuesday’s bell. The gold buyers initially cheered a jump in the US Treasury yields to refresh multi-day high before recently respecting the downbeat US dollar. It should, however, be noted that the greenback bears

S&P 500 Futures ignore downbeat performance of US equities, take the bids of late. US President Biden prepared to send 20 million authorized covid jabs, China backs vaccine patent waiver. Kaplan reiterates need for tapering talk, still expects first rate hike in 2022. US data, Fedspeak keeps markets subdued ahead of Wednesday’s FOMC minutes. S&P

GBP/USD is on the warpath as the US dollar loses traction and support of yields.  Bulls target the 1.42 area in a break on the daily resistance. GBP/USD is currently trading at 1.4166 adding 40 pips on the day so far to trade 0.3% higher. Cable has travelled between a low of 1.4125 to a