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EUR futures: further decline in the pipeline

According to CME Group’s preliminary figures for EUR futures markets, traders added just 206 contracts to their open interest position on Wednesday from Tuesday’s final 505,986 contracts. In the same line, volume rose sharply by 127K contracts after two consecutive daily drops.

EUR/USD risks another test of sub-1.1300

EUR/USD charted a bearish engulfing candle yesterday amidst rising open interest and volume, opening the door for a deeper retracement in the near term. That said, another test of the 1.1300 handle – and possibly below - remains well on the cards for the time being.

GBP/USD: Down-move looks over stretched - Commerzbank

Karen Jones, analyst at Commerzbank, points out that GBP/USD pair’s correction higher baulked at the 55 day ma at 1.2802 and this resistance is reinfo
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GBP futures: stays bearish near term

Open interest in GBP futures markets increased by almost 4.8K contracts on Wednesday from Tuesday’s final 212,470 contracts, as per advanced data from
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