That being for EUR/USD at the 1.1800 level. The pair continues to weave in and out of the figure level, so the expiries will provide some interest to keep price action close by once again. That being said, the dollar remains underpinned so far this week and even more so on a day like this when we’re seeing more shaky risk sentiment and precious metals facing a setback to the bounce in the past few days.

The latter in particular is one thing to note in markets today with silver down by over 10% to $78.63 currently. Meanwhile, gold is also down 0.8% to $4,924 as the volatile swings in precious metals continue to play out.

Other than that, just keep a watchful eye on USD/JPY as well with the pair continuing to keep near 157.00 now. That might invite actual intervention from Tokyo as the rebound continues and we’re roughly just 200 pips away from the 159.00 mark, where the line was drawn and ‘rate checks’ were performed.

For more information on how to use this data, you may refer to this post here.

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