OctaFX | OctaFX Forex Broker
Open trading account

GBP futures: points to some consolidation near term

Open interest in GBP futures markets decreased by almost 5K contracts on Wednesday vs. Tuesday’s final 221,098 contracts, the first drop following three consecutive builds. Volume followed suit and dropped by around 44.5K contracts, prolonging the choppy performance.

GBP/USD a solid break above 1.2900 seems unlikely

Cable’s up move yesterday was on the back of declining open interest and volume, removing tailwinds from a potential push higher. That said, a convincing breakout of the 1.2900 handle appears unlikely for the time being, while Brexit-driven volatility is far from abated.

AUD/USD holds weaker near 1-week lows, around mid-0.7100s

   •  Fading US-China trade optimism continues to weigh on Aussie.    •  A modest pickup in the USD demand adds to the selling bias.    •  Dovish Fe
Read more Previous

Germany’s Weber: Brexit delay only makes sense if we know what the UK is planning

Fresh comments on Brexit are crossing the wires now by Manfred Weber, the leader of Germany’s European People’s Party in the European Parliament, as h
Read more Next
Start livechat