Euro futures steady near 1.1675 ahead of key data
Euro futures were reported holding near 1.1675 after closing near that level, as the market looks to tomorrow’s PCE index and the Jackson Hole Economic Symposium.
Todd Colvin analyzes the recent price action in Euro futures, which rallied to close near 1.1675, a level they have hovered around since last Wednesday.
He discusses how the dollar's recent weakness propelled the euro to two-month highs, although prices have now steadied.
Colvin also highlights the CVOL index, noting that volatility remains unchanged as the market anticipates tomorrow's PCE index and the upcoming Jackson Hole Economic Symposium.
Finally, he breaks down the latest positioning data, pointing out that speculators are maintaining their net short positions in anticipation of a potentially firmer dollar following this week's key macroeconomic announcements.