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EUR Futures: further recovery on the cards

Open interest in EUR futures markets increased by just 366 contracts on Friday, clinching the third consecutive build according to preliminary data from CME Group. In the same line, volume rose by around 14.5K contracts, partially reversing the previous drop.

EUR/USD now targets the 200-day SMA

EUR/USD’s positive price action on Friday was on the back of rising open interest and volume, opening the door at the same time for the continuation of the rebound from recent lows in the sub-1.1100 region and initially targeting the critical 200-day SMA in the 1.1140 region.

CFTC: Funds turning broad-based USD sellers – ANZ

According to the CFTC’s positioning data for the week ending 7 January 2020, funds turned broad-based USD sellers after four straight weeks of buying,
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USD/CNY seen around 7.08 in 1Q20 – UOB

The Global Economics & Markets Research team at UOB Group expect USD/CNY to move to the 7.08 region in the first quarter of 2020. Key Quotes “While a
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