Euro futures held near 1.1420 as markets await Sintra forum.
Todd Colvin from Mark IV Brokerage examines the recent price action in Euro futures, which closed near 1.1420 on the session. After hitting lows not seen in over a year at 1.1325 during the previous week, the currency has been steadily creeping higher to recover lost ground. Meanwhile, volatility remains relatively flat and unchanged, halting a downward trend observed over the past month and a half. Looking ahead, market participants are heavily focused on upcoming macroeconomic data, including the ADP employment change and ISM reports. More importantly, all eyes are turning to the European Central Bank forum in Sintra, Portugal, as traders await key testimony and insights from global central bankers including the ECB, the Bank of England, and the new Fed Chair, Kevin Warsh. Learn more about trading futures and options at CME Group: #EuroFutures #Forex #CentralBanks
Todd Colvin from Mark IV Brokerage examines the recent price action in Euro futures, which closed near 1.1420 on the session.
After hitting lows not seen in over a year at 1.1325 during the previous week, the currency has been steadily creeping higher to recover lost ground.
Meanwhile, volatility remains relatively flat and unchanged, halting a downward trend observed over the past month and a half.
Looking ahead, market participants are heavily focused on upcoming macroeconomic data, including the ADP employment change and ISM reports.
More importantly, all eyes are turning to the European Central Bank forum in Sintra, Portugal, as traders await key testimony and insights from global central bankers including the ECB, the Bank of England, and the new Fed Chair, Kevin Warsh.
Learn more about trading futures and options at CME Group: #EuroFutures #Forex #CentralBanks