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EUR Futures: rising odds for a move higher

Open interest in EUR futures markets increased by around 4.3K contracts on Wednesday, offsetting the previous daily drop according to flash data from CME Group. In the same direction, volume reversed two drops in a row and rose by nearly 2K contracts.

EUR/USD shifted its focus to 1.12

EUR/USD managed to leave behind the critical 200-day SMA in the 1.1140 region on Wednesday amidst rising open interest and volume, a bullish sign that allows for the continuation of the bull run to, initially, the 1.1200 neighbourhood.

Chinese trade balance: the worst is over? – UOB

Economist Ho Woei Chen, CFA, at UOB Group assessed the latest Chinese trade balance figures. Key Quotes “China’s trade numbers rebounded strongly in D
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EUR/USD remains offered below 1.1175 – UOB

In view of FX Strategists at UOB Group, EUR/USD is expected to keep the negative view s long as it trades below 1.1175. Key Quotes 24-hour view: “Our
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