4 Global Market Updates- 11 January, 2023

 In this article, we have covered the highlights of global market news about the EUR/USD, NZD/USD, USD/JPY and AUD/USD.

EUR/USD might hit 1.09 as FX options market confidence grows – ING

EUR/USD is still slightly bid. According to ING analysts, the pair is expected to test resistance around 1.0785 and maybe 1.09.

The options market becomes more optimistic. “Measures like the risk reversal, which compares the price of a 25 delta EUR/USD call option to a put option with a comparable delta, continue to trend in favour of EUR/USD upside.”

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