OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR futures: downside appears limited

In view of advanced data for EUR futures markets from CME Group, investors scaled back their open interest positions by more than 6.3K contracts on Wednesday vs. Tuesday’s final 495,561 contracts. In the same line, volume decreased significantly by almost 31K contracts, reverting the previous increase.

EUR/USD well supported near 1.1830

Yesterday’s doji-candle has been against the backdrop of deceasing both interest and volume, hinting at the case that further pullbacks should remain not only shallow but also well contained in recent lows around 1.1830.

The main risk to this scenario emerges from further progress on the US tax reform bill, which could eventually give extra oxygen to the buck and drag spot lower.

WTI little changed near $ 57.50, OPEC outcome eyed

WTI (oil futures on NYMEX) failed to sustain at higher levels and fell back below the $ 57.50 barrier, as markets digest the latest remarks from the O
Read more Previous

Italy Consumer Price Index (YoY) below expectations (1.1%) in November: Actual (0.9%)

Italy Consumer Price Index (YoY) below expectations (1.1%) in November: Actual (0.9%)
Read more Next
Start livechat