OctaFX | OctaFX Forex Broker
Open trading account

GBP Futures: appear neutral near-term

In light of advanced data for GBP futures markets from CME Group, open interest extended the choppy activity on Thursday and dropped by almost 1.5K contracts. On the opposite side, volume rose for yet another session, this time by nearly 3.3K contracts.

GBP/USD looks supported near 1.30

Cable’s drop and rebound from the 1.30 region on Thursday was in tandem with rising volume and diminishing open interest, leaving the scenario of further consolidation unchanged, at least in the short-term horizon. That said, so far yearly lows in the 1.30 neighbourhood emerged as quite a decent support for the time being.

RBNZ projected to remain on hold in 2020 – UOB

The Global Economics & Markets Research team at UOB Group believes the RBNZ could keep the key rates unchanged during the current year. Key Quotes “Th
Read more Previous

BoE: Policy risks to both the upside and downside – TDS

Analysts at TD Securities point out that the BoE’s Governor Carney delivered one of his final speeches as BoE Governor (his term ends mid-March) at th
Read more Next
Start livechat