There is just one to take note of on the day, as highlighted in bold.
As mentioned yesterday, it's the one for EUR/USD at the 1.1700 mark. With the dollar keeping firmer so far on the week, the expiries here are now playing a role in helping to limit downside for the pair.
It's all about trade headlines and dollar sentiment seems to be reacting to some concern that Trump might actually follow through on his latest tariff threats this time around. The next deadline set is for 1 August and are we going to see another TACO moment eventually?
For now, markets are reacting more modestly in considering that possibility alongside the "what if" should Trump actually pushes forward with the tariffs.
There will still be large expiries for EUR/USD at the 1.1700 mark for Thursday and Friday as well. So, just take note of that when deciphering the price action for the pair in the day to come.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com. Read More Details
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