In October, the ADP employment change in the United States increased to 42,000, surpassing expectations of 25,000. This indicates a positive shift in employment conditions. The EUR/USD currency pair remained low, trading below 1.1500, as the US Dollar strengthened due to good employment and PMI data. Meanwhile, GBP/USD stayed above 1.3000, although its chances for growth were limited.

Gold Market Overview

Gold prices, after a drop, rose by over 1% to nearly $3,970. However, the stronger US Dollar prevented further increases in gold’s price. Stellar (XLM) triggered a Death Cross pattern, which may lead to an additional 15% loss. It broke below its falling channel pattern, driven by a decline in retail demand. Major central banks have started reducing their balance sheets, which may tighten money markets. This poses risks for commercial banks that could face liquidity challenges. Upcoming events might put pressure on the US Dollar, as central banks in Australia and the UK are meeting next week. These developments could influence market sentiment and currency movements.

October Employment Report Impact

The October ADP employment report exceeded expectations, showing an addition of 42,000 jobs compared to the forecast of 25,000. This suggests the Federal Reserve will likely maintain interest rates for now, as a stronger labor market reduces the urgency to cut rates. This unexpected boost has strengthened the US dollar, as markets now predict a lower chance of a rate cut soon. The CME FedWatch Tool indicates an 18% likelihood of a rate cut at the December 2025 meeting, down from over 30% last week. This data supports a more hawkish Federal Reserve approach, making the dollar more appealing. For currency traders, this signals ongoing pressure on pairs such as EUR/USD and GBP/USD. The 10-year Treasury yield remains steady around 4.5%, providing solid support for the dollar. Derivatives predicting continued dollar strength or further declines in the euro may be advantageous. However, it’s essential to note that the ADP report doesn’t always accurately forecast the official Non-Farm Payrolls (NFP) data, which will be released this Friday. A similar event occurred in August 2023, when the ADP figures diverged significantly from the official numbers. Therefore, the market response could change quickly if the NFP report underperforms. Given this uncertainty, increased volatility is expected in the coming days. The VIX index is rising toward 19, indicating growing market anxiety ahead of the NFP release. Options strategies, like straddles on major currency pairs, could be a smart way to trade potential price swings without taking a specific directional bet. Gold continues to trade within a tight range, just below $4,000, indicating persistent safe-haven demand, possibly related to concerns over a government shutdown. A surprisingly strong NFP report could break this support, while a weak one might send gold prices higher. Create your live VT Markets account and start trading now.

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The Japanese Yen showed strength as investors became more cautious, leading to declines in global stock markets. On the other hand, the Euro faced challenges from mixed signals in the Eurozone, despite some economic data that was slightly better than expected. The Bank of Japan’s careful notes prevented the Yen from rising significantly, even with warnings regarding its excessive weakness.

Stability Amidst Volatility

The EUR/JPY traded steadily at around 176.50, marking a 0.10% increase for the day after hitting a two-week low of 175.70. Investors viewed the Yen as a safe haven due to concerns about economic growth and US trade policies, which limited the Euro’s chances to gain from positive data. The Eurozone’s service sector showed improvement, with the HCOB Services PMI rising to 53 in October. Germany’s index also climbed to 54.6, the highest in more than a year. However, the Eurozone’s Producer Price Index (PPI) fell by 0.1% month-over-month and 0.2% year-over-year, indicating weaker inflation for the currency. The October meeting minutes from the Bank of Japan revealed a careful stance on policy changes. A Japanese currency official hinted at possible interventions if the Yen strays too far from its fundamentals. Meanwhile, the Euro saw a slight uptick against the Canadian Dollar, showing varied performance against other major currencies. We are witnessing a classic tug-of-war. Risk-averse sentiment is boosting the Yen, but the Bank of Japan remains cautious about changing policies. This situation suggests that volatility will be the dominant trade factor in the upcoming weeks. Recent data reveals that currency volatility indices have increased by over 15% in the past month, supporting the idea of buying options like straddles to capture significant price movements.

Capped Upside for EUR/JPY

The explicit warning from Japan’s leading currency official is important, as it refers back to interventions in 2022 and 2024. This creates a psychological limit on how high EUR/JPY can rise, especially as the market remembers how swiftly officials acted in the past. We believe that selling out-of-the-money call options or creating bear call spreads could capitalize on this restricted upside. Though the Eurozone’s service data was a positive sign, the drop in producer prices is a more concerning signal. This weakness in inflation was confirmed by a recent Eurostat report from October 2025, showing overall inflation decreasing to 1.9%, just below the ECB’s target. Consequently, traders might consider buying EUR/JPY put options to bet on a decline driven by a weaker Euro, regardless of Yen fluctuations. Create your live VT Markets account and start trading now.

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Canada’s government is increasing capital investment while keeping the budget deficit low, which supports the Canadian Dollar. The budget deficit is forecasted to be -2.5% of GDP for 2025/26 and -2.0% for 2026/27. This is higher than the previous deficit projections of -1.3% and -0.9% from December 2024. Canada is in a strong position to raise spending because it has one of the lowest deficit-to-GDP ratios in the G7. This additional fiscal support allows the Bank of Canada to maintain the interest rate at 2.25% for now. The swaps market sees a 70% chance of a 25 basis point cut to 2.00% within the next year. However, analysts suggest that this risk may be overstated, given the stable fiscal situation.

Fxstreet Insights Team Compilation

The FXStreet Insights Team gathers observations from market experts. This includes insights from various analysts and covers current fiscal and economic conditions. Recent areas of focus include surprising data and sector performance, especially related to currency trends and central bank actions. Canada’s government is boosting capital spending, which strengthens the domestic economy. This added fiscal support eases the pressure on the Bank of Canada (BoC) to reduce interest rates from the current 2.25%. A steady interest rate from the BoC benefits the Canadian Dollar. We view this policy as wise, especially since Statistics Canada’s latest report for October 2025 showed inflation at 3.1%, significantly above the BoC’s target of 2%. The national unemployment rate remains stable at about 5.5%, indicating that the economy can handle the current borrowing costs. This suggests that the chance of an immediate rate cut is minimal. The swaps market estimates a 70% chance of a rate cut in the next year, but we believe this is an overestimation. We would back away from expectations of a monetary easing from the BoC. This gap between market predictions and actual economic conditions presents trading opportunities.

Strategies For A Stronger Canadian Dollar

In the upcoming weeks, we should consider strategies that will benefit from a stronger CAD, like buying USD/CAD put options or setting up bearish risk reversals. These strategies will gain if the pair drops as the market adjusts its rate cut expectations. Targeting options that expire in early 2026 provides ample time for these strategies to work. However, we must also acknowledge the strength of the US dollar, bolstered by positive US economic data. The latest ADP jobs report for October 2025 exceeded expectations, reinforcing the Federal Reserve’s cautious approach toward rate cuts. This could limit the gains of the Canadian dollar, suggesting that USD/CAD may slowly decline rather than plummet. This situation mirrors dynamics seen in the early 2020s, where significant government spending allowed central banks to maintain tighter policies than markets expected. Currencies supported by strong fiscal policies and hawkish central banks tended to perform well. We anticipate a similar outcome, favoring the CAD against the USD. Create your live VT Markets account and start trading now.

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The Euro is currently weak, staying below the 1.1500 mark due to low market confidence and disappointing Eurozone economic data. In October, the Eurozone Producers’ Price Index dropped for the second month in a row, suggesting deflation in factories. Meanwhile, the US ADP Employment report is expected to show a weak job market. Currently, EUR/USD is trading around 1.1480 as investors seek safety in the US Dollar, especially following declines in global stocks. Despite hopes for better Euro data, it hasn’t improved market sentiment.

Eurozone Services PMI and Economic Indicators

The Eurozone and German Services PMI data exceeded expectations, showing growth in these sectors. German Factory Orders surprisingly rose by 1.1% in September, although year-on-year numbers show a decline. The US is experiencing its longest government shutdown as officials wait for ADP Employment data, which is expected to show a slight job increase. The US ISM Services PMI is predicted to show a small rise in service sector activity for October. EUR/USD remains close to three-month lows, pressured by negative sentiment. However, some easing indicators suggest the possibility of a correction. If it drops below the 1.1440 support level, it could accelerate selling, while breaking above 1.1500 may lead to a bullish shift. The ADP Employment Change report is crucial for understanding trends in private sector jobs, directly affecting USD strength. The ISM Services PMI indicates the health of the US economy; values over 50 suggest growth, which would boost the USD if results beat expectations.

Economic Market Outlook

The outlook for EUR/USD is bearish as it struggles below the important 1.1500 level. The market’s risk-averse attitude is driving investment into the safe-haven US Dollar, and no significant changes are expected soon. This suggests that strategies favoring a stronger dollar against the Euro are smart. All attention is on the upcoming US data, especially during the longest government shutdown in history. In the past, the 35-day shutdown in 2018-2019 resulted in a 0.2% reduction in quarterly GDP growth, making the current economic situation even more sensitive. Today’s ADP employment report is vital in assessing the private sector’s health. The forecast predicts only 25,000 new jobs, which is concerningly low compared to last year’s stronger job growth. A poor report, especially following last month’s negative results, could lead to speculation that the Federal Reserve might need to ease policies in December. Therefore, positions related to this release will be particularly sensitive. On the Eurozone side, deflationary pressures are returning, as shown by the latest Producer Price Index, reversing the high inflation struggles that the European Central Bank faced in 2023. Renewed concerns about falling prices are expected to keep pressuring the Euro. In this context, we foresee ongoing weakness, with 1.1440 being the next target for bears. A drop below this could lead to increased selling pressure toward the August lows around 1.1390. Traders might want to position themselves to benefit from this anticipated decline in the upcoming weeks. For those considering options, buying put options on the EUR/USD provides a way to speculate on further declines while managing risks. Increased uncertainty surrounding US economic data may lead to higher volatility, making options a useful strategy. This allows for potential gains during downward moves while limiting losses if the market unexpectedly changes direction. However, we should be alert for any positive surprises in US employment or service data. A significantly better-than-expected result could spark a sharp rally, pushing the pair back above the 1.1545 resistance level. Such a shift would challenge the current bearish sentiment and prompt a reevaluation of short positions. Create your live VT Markets account and start trading now.

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The New Zealand Dollar (NZD) rose after a slow start due to weak Q3 labor data. This data revealed a drop in employment, leading investors to expect a rate cut from the Reserve Bank of New Zealand (RBNZ) in November. In Q3, there was no growth in employment, down from a -0.2% in Q2, missing the expected 0.1%. The unemployment rate ticked up 0.1 percentage points to 5.3%, the highest it’s been since late 2016. The participation rate also dipped by 0.2 points to 70.3%.

Private Wages and Upcoming RBNZ Decision

Private wages stayed in line with the forecasts at 0.5% in Q3, down from 0.6% in Q2. The RBNZ’s policy decision on November 26 is expected to include a 25 basis points cut, bringing the rate down to 2.25%. The swaps market suggests the policy rate could drop to between 2.00% and 2.25% over the next six months. This change aligns with the RBNZ’s lower neutral range estimate. However, strong global economic activity is helping to support the NZD despite the expectation of an easier RBNZ policy. Given the weak Q3 labor data, the Reserve Bank of New Zealand is likely to cut interest rates this month. The market has already factored in a 25 basis point cut on November 26, reducing the policy rate to 2.25%. This expectation led to a quick recovery in the NZD after its initial decline.

RBNZ Forward Guidance and Global Economic Outlook

With the rate cut almost certain, the real focus will be on the RBNZ’s forward guidance. There are opportunities to trade this event using options; any indication that this cut is a “one and done” could boost the Kiwi dollar sharply. On the other hand, a more cautious tone hinting at more cuts into 2026 could weaken the currency. The NZD’s decline is being held back by strong global economic activity. For example, the Global Dairy Trade Price Index, an important indicator for New Zealand’s key export, increased by 4.2% in the last month, reflecting solid international demand. The latest IMF report projects steady global GDP growth of 2.9% for the coming year, supporting this trend. Additionally, we need to pay attention to the growing policy differences among major central banks. The US Federal Reserve recently held its benchmark rate at 5.50% with a hawkish outlook. This widening gap in interest rates may limit significant gains for the NZD against the US dollar in the coming weeks. Create your live VT Markets account and start trading now.

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Silver’s price recovery against the US Dollar is struggling as it nears the $48.00 mark, bouncing back from a low of $46.90. The strength of the US Dollar, buoyed by high Treasury yields, continues to impact Silver’s attractiveness. Currently, Silver is trading sideways between $45.85 and $49.35. Resistance is likely around $50.40-$50.60, while support sits near $45.85. If Silver falls below this support, it could drop further to $43.80.

Factors Affecting Silver Prices

Silver is popular among traders as a safe investment and a method for diversifying portfolios. The price of Silver is influenced by several factors, including geopolitical events, interest rates, and how the US Dollar is performing. Investment demand, mining output, and recycling rates are also crucial. Industrial demand heavily affects Silver prices, especially due to its use in electronics and solar energy. Changes in demand can lead to price shifts, influenced by economic conditions in major countries like the US, China, and India. Silver’s price trend often follows Gold’s movements because both are seen as safe investments. Observing the Gold/Silver ratio helps understand their value relationship, indicating when one might be undervalued or overvalued.

Trading Strategies and Market Influences

Silver’s price is clearly confined in a range between $45.85 and $49.35, making big upward movements challenging. This stagnant trend is driven by a strong US Dollar, with the Dollar Index hovering around 106.50 and 10-year Treasury yields close to 4.6%. This situation makes non-yielding assets like Silver less attractive. With this lull, traders might want to use strategies that thrive in low volatility, such as selling strangles or iron condors with strike prices set outside this range. The goal is to collect premiums while prices remain stable, while keeping a close eye on support and resistance levels. If the price breaks out decisively, it’s crucial to adjust strategies quickly. Near-term price movement may also depend on upcoming economic data, as the market anticipates the Federal Reserve’s next decision. The ADP employment report for October 2025 showed slightly fewer jobs than expected at 110,000, creating some uncertainty for the dollar. If new data indicates an economic slowdown, we could see an upside breakout above $49.35. Despite the recent price fluctuations, the fundamentals are strong due to industrial demand. Reports from late 2025 indicate record demand from the solar panel and electric vehicle industries, which could create a solid price floor. Thus, any dip towards the $45.85 support level might be seen as a good buying opportunity. Also, consider Silver’s relationship with Gold. The current gold-silver ratio is around 88:1, which is high from a historical viewpoint, indicating that Silver could be undervalued compared to Gold. This suggests that Silver may have significant upside potential if there’s a broader rally in precious metals. Create your live VT Markets account and start trading now.

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The S&P 500 is currently testing a key technical level around 6,735, while still showing an upward trend. However, caution is advised due to short-term price patterns and positioning in derivatives, especially with a major options expiration on November 21. Recently, the SPX dropped from a peak of 6,920 and is now facing a strong support area. This support zone is made up of the 50% Fibonacci retracement from June 2025, a high-volume node, and a rising trendline. The daily Relative Strength Index (RSI) has fallen below 50, suggesting a possible shift in buyer control.

Options Market Dynamics

If this support fails, we might see more declines linked to both price movements and options market dynamics. The upcoming November 21 options expiration involves significant open interest, particularly weighted towards puts at $6,000, $5,500, and $5,000 strike prices. The Max Pain level is set at $6,450—much lower than the current price—which could lead to dealer hedging and impact market movements. If SPX drops below 6,735 without macroeconomic support, hedging activities could rise, increasing volatility and potentially pushing the index toward the 6,500–6,450 range. As the S&P 500 tests this critical support level of 6,735, it’s wise to be cautious in the weeks leading up to the November 21 options expiration. The upward trend appears to be slowing, as indicated by the daily RSI dipping below 50, a sign that buying pressure is weakening. Today is November 5th, giving us a little over two weeks for these developments to unfold. This technical weakness occurs in a tough macro environment. The October Consumer Price Index showed core inflation stubbornly high at 3.1%, making it tougher for the Federal Reserve to suggest easing soon. Recent comments from Fed officials emphasize a commitment to keeping interest rates high, which may restrict significant market gains for now.

Volatility and Defensive Strategies

We can see this caution reflected in the derivatives market. The VIX, which measures expected volatility, has risen to over 19 this past week, indicating increased investor anxiety. This rise aligns with a strong interest in put options for the November 21 expiry, which has the highest open interest. The concentration of put options and the Max Pain level of 6,450 could create a magnetic effect if the 6,735 support breaks. A clear move below this level might compel dealers to sell S&P 500 futures to manage their exposure, increasing selling pressure. This dynamic can accelerate downward movements, potentially bringing the index closer to the lower 6,450 area. For traders, it could be wise to hedge long positions or consider short positions. Buying puts or put spreads with strikes around 6,500 could provide effective downside protection through the November expiration. We should approach any rallies with skepticism until the index can clearly reclaim the 6,920 level. We’ve seen similar patterns in past cycles, especially during late 2021’s volatility, where imbalanced options positioning ahead of a major expiry intensified market moves. Given the current situation, adopting a defensive stance is advisable. Reducing leverage and waiting for a confirmed breakdown or a strong bounce before pursuing new aggressive positions would be prudent. Create your live VT Markets account and start trading now.

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Bank of Japan Meeting Minutes

The US Dollar is bouncing back against the Japanese Yen, rising towards 154.00 after recently dipping below 152.00. This recovery is cautious as investors are worried and are closely watching upcoming US employment and services data. The minutes from the Bank of Japan’s October meeting show they are careful about raising interest rates due to potential economic risks related to US tariffs. Japan’s top FX official mentioned that the Yen’s recent behavior is not aligned with economic fundamentals, resembling past situations that prompted BoJ interventions. Market caution is high, and expectations for further Fed monetary easing in December are fading. The US government shutdown is now into its fifth week, and it could become the longest in history, increasing pressure on the markets.

US Employment and Services Data

The US Dollar Index remains close to three-month highs as the market awaits the October ADP Employment Report. Analysts expect a 25,000 increase in private jobs after a drop in September. The US ISM Services PMI is also predicted to show a slight rise in October. The Bank of Japan’s low interest rate policy, in place since 2013 and modified in 2024, has influenced the Yen’s value against other currencies. Technical analysis indicates that USD/JPY is strong while above 153.00, but it encounters resistance around 154.50 and 154.85. Currently, USD/JPY is near 154.00, a key point where opposing trends collide. A strong dollar, driven by risk aversion from the ongoing US government shutdown, is facing the risk of Japanese intervention. The cautious tone in the Bank of Japan’s meeting minutes indicates their reluctance to increase rates, which naturally weakens the yen. The main risk for long dollar positions is possible intervention from Japanese officials. This happened in 2022 when the pair crossed 151.90 and again in early 2024, making these levels highly sensitive. Recent warnings from Japan’s top currency diplomat may signal imminent intervention. Recent data shows the US economy is still strong, likely preventing the Federal Reserve from considering rate cuts. The October ADP Employment Report recorded a gain of 45,000 jobs, surpassing the low expectation of 25,000. Alongside the ISM Services PMI read of 51.2, this reinforces the policy gap that has been boosting the dollar throughout the year. On the other hand, Japan’s national Core CPI for September, released on October 18, 2025, was 2.7%. This ongoing inflation, well above the Bank of Japan’s 2% target, puts them in a tough spot. Their reluctance to tighten policy is primarily causing yen weakness, but each month of high inflation makes this stance harder to justify. Given the current tension, strategies that take advantage of sharp increases in volatility should be considered. Buying out-of-the-money puts on USD/JPY offers a cost-effective way to protect against a sudden drop if the Bank of Japan intervenes. Implied volatility is rising, and a straddle could also be used to profit from significant moves in either direction. Alternatively, for those who expect US economic strength to push the pair higher, a bull call spread is a smart move. This strategy would allow profits if the pair rises towards 155.00 while also managing risks and limiting losses in case of an intervention. It’s wise to avoid holding large, unhedged long positions until the threat of official selling decreases. Create your live VT Markets account and start trading now.

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WTI crude oil prices climbed to about $60.80 on Wednesday, up 1.0% for the day. This increase occurred despite signals of lower supply. Traders are waiting for the official report from the Energy Information Administration (EIA). The American Petroleum Institute noted a rise of 6.5 million barrels in US crude oil stocks for the week ending October 31. This comes after a decrease of 4.0 million barrels the week before, resulting in a net gain of 3.6 million barrels for the year. Ongoing geopolitical tensions in the Middle East and the Black Sea are supporting the oil market. For instance, Ukraine has been launching intensified strikes on Russian energy facilities, including Lukoil’s Norsi refinery. These developments could heighten supply concerns and help maintain WTI prices.

Potential Market Impact

In the short term, large stock increases of US crude might hinder WTI’s recovery. However, geopolitical tensions and strong demand for refined products could balance these pressures. Currently, WTI is trading in a range between $59.50 and $61.30 and is testing resistance around $61.00. If it breaks out, prices could rise to $62.50 and possibly $66.00, while support is near $59.46, based on the 100-period Simple Moving Average. The market is experiencing a tug-of-war, reflected in WTI oil hovering near $61. The bearish influence is driven by rising US stockpiles, supported by the recent EIA report showing a significant build of 5.8 million barrels for the last week of October. This indicates that supply is currently outpacing immediate demand in the United States. On the flip side, a strong geopolitical risk premium is keeping prices from dropping further. We are keenly observing the ongoing Ukrainian strikes on Russian oil refineries, as they risk taking a large amount of refined products off the global market. Any escalation in the Middle East or Black Sea will increase this uncertainty, making traders reluctant to short oil positions.

Strategies for Traders

This mix of signals suggests high volatility in the coming weeks. The CBOE Crude Oil Volatility Index (OVX) is near 45, well above its long-term average, indicating that the options market anticipates sharp price fluctuations. We remember when prices soared above $120 a barrel in 2022 due to geopolitical fears—showing how supply shocks can quickly outpace inventory data. For derivative traders, the current situation suggests strategies that can benefit from a significant price move in either direction. Buying a straddle, which involves holding both a call and a put option with the same strike price and expiration, could be wise. This position will be profitable if oil breaks decisively out of the current $59.50 to $61.30 range before option expiration. Alternatively, for those who have a specific directional outlook, using spreads can help to manage costs in this volatile market. If a trader expects geopolitical tensions to prevail, they could consider a bull call spread, targeting a move toward the $66 September high. Conversely, a bear put spread offers a way to target the $56 level if inventory builds continue to impact the market. We should also keep an eye on the upcoming OPEC+ meeting set for December 1, 2025. Current prices are close to levels that have historically led to discussions about production cuts. Any statements from key members could significantly influence the market. This makes longer-dated options expiring in December or January valuable for positioning ahead of this important event. Create your live VT Markets account and start trading now.

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The Euro has lost ground against the British Pound, testing support around the 0.8800 level. Recent data from the UK services sector has strengthened the Pound, while improvements in the Eurozone Services PMI did not provide the same level of support for the Euro. The UK Services PMI increased to 52.3 in October from 50.8 in September. Meanwhile, the Eurozone’s Services PMI was revised to 53.0 for the same month, surpassing earlier estimates.

Pound Decline Against Euro

The Pound has dropped, hitting a new two-year low against the Euro due to hints of potential tax increases from the UK Finance Minister. On the technical side, the EUR/GBP’s 4-hour chart shows a bearish divergence, with the pair testing support at 0.8800. If the pressure continues, we could see the pair approach previous lows at 0.8760 and 0.8720. If it gains upward momentum, targets could rise to around 0.8880 and 0.8900, related to Fibonacci extensions. Today’s trading shows the Pound’s strength against the Canadian Dollar. The heat map below illustrates the percentage changes in currencies, comparing GBP/USD and its standing against other major currencies throughout the day. The EUR/GBP is at a crucial point, testing the 0.8800 support level. Mixed signals are present: strong UK services data suggests resilience in the economy, while government hints about future tax hikes raise doubts about growth. This uncertainty presents opportunities for traders who can prepare for a possible drop in the pair.

Pound’s Strength Influences

The Pound’s strength is supported by recent inflation data. The latest Consumer Price Index for October 2025 showed a stubborn inflation rate of 3.1%, slightly above predictions, which pressures the Bank of England to maintain its hawkish approach. In contrast, Germany’s recent industrial production figures displayed a contraction, leading markets to think the European Central Bank might adopt a more cautious stance in upcoming meetings. Technical analysis also leans towards a downward movement in the upcoming weeks. A bearish divergence on the 4-hour chart signals that the upward momentum is fading, which often precedes a price correction. We saw a similar pattern in the fourth quarter of 2024, which resulted in a significant drop after the pair couldn’t maintain key support levels. Given this situation, we might consider strategies that profit from a potential decline below 0.8800. Buying put options with strike prices near the support levels of 0.8760 or 0.8720 could be a low-risk way to capitalize on a downward trend. This offers protection against any unexpected strengthening of the Euro while providing substantial upside potential if the support fails. For those anticipating a slower decline or sideways movement, selling call spreads with a ceiling above 0.8850 is another effective strategy. This allows us to earn premium as time passes, profiting as long as the pair doesn’t rise significantly beyond its recent highs. The current fundamental and technical outlook suggests that upward movements may be limited in the short term. Create your live VT Markets account and start trading now.

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