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GBP futures: upside corrective near term

Latest figures for GBP futures markets published by CME Group saw investors added 740 contracts to their open interest positions on Thursday from Wednesday’s 179,023 contracts. In addition, volume increased by almost 23.2K contracts, reverting the previous drop.

GBP/USD room for a test of 1.3200

Cable’s upside in the second half of the week appears supported by increasing volume and open interest, opening the door for further gains and a potential re-visit to the critical 1.3200 up barrier.

German Bund: Under pressure - Natixis

As the daily stochastic for German Bund is overbought, the contract could retreat to the thresholds at 162.30-162.44 (daily Bollinger moving average),
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US: Focus on consumer sentiment and budget – Nomura

Analysts at Nomura expect the University of Michigan consumer sentiment to stay elevated in November after it improved further in October.   Key Quot
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