Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
FxWirePro- Major Crypto levels and bias summary 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
EURUSD has traded between about 1.05 and 1.16 since 2015. While these bounds are pretty wide, this has been the longest period deprived of trends since the introduction of the single currency (refer above graph).
EURUSD should move towards the top of its range in a choppy way, generating unusual topside volatility along the way.
At this stage, we think it is legitimate to anticipate that this lasting range-bound period is poised to morph into a more directional market. Indeed, we forecast an overshoot above the 1.16 upper bound by year-end, but we expect the decline of the dollar to be quite choppy. We think euro appreciation should generate more volatility.
Buy EURUSD 6m call strike 1.15, European KI on the realized volatility at 9% Indicative offer: 0.60% (vanilla: 1.61%, volatility swap: 7.6%, spot ref: 1.1226)
Trade risks: limited to premium, soft euro, and volatility. This exotic option is a standard 6m vanilla call strike 1.15, which will be activated only if the realized volatility is above 9% at the expiry. If the volatility terminates lower, the option will be worthless even if EURUSD trades above 1.15.
