OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR futures: extra consolidation likely

In light of CME Group’s advanced figures for EUR futures markets, investors trimmed their open interest positions for the first time after three consecutive builds by almost 4K contracts on Wednesday from Tuesday’s final 518,941 contracts. In the same direction, volume shrunk by nearly 11K contracts, recording the fourth consecutive drop.

EUR/USD within range so far

The upside in EUR/USD remains capped by the proximity of the 100-day SMA around 1.1480 for the time being amidst declining open interest and volume. The inability of spot to move higher should prompt some consolidation in the near term, but the wider 1.12-1.15 range is set to prevail in the short-term horizon.

USD/CAD Technical Analysis: Sharp decline leading into possible recovery zone at Fibo level

USD/CAD, 15-Minute After breaking from consolidation towards the downside, a weakening US Dollar coupled with rising crude oil prices is seeing t
Read more Previous

Italy ready to underwrite up to EUR 1bn Banca Carige shares - Corriere

The Italian banking crisis is back in the spotlight, with La Corriere della Sera reporting the latest headlines that Italy's government is said to be
Read more Next
Start livechat