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GBP Futures: upside looks limited

CME Group’s preliminary prints for GBP futures markets noted open interest shrunk by nearly 3.1K contracts on Tuesday. Volume, instead, increased for the second consecutive session, now by around 41.5K contracts.

GBP/USD could test 1.3120, recent tops

Cable is trading on a positive footing so far this week. Tuesday’s advance, however, was on the back of declining open interest, hinting at the likeliness that the move up could be running out of steam. That said, the immediate target emerges at last week’s tops around 1.3120, where it is expected to meet strong resistance.

BoJ kept monetary conditions unchanged… for now – UOB

Senior Economist at UOB Group Alvin Liew assessed the recent BoJ event. Key Quotes “The Bank of Japan (BOJ) kept its monetary policy stance, policy ra
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Forex Today: Coronavirus seems less scary, Brexit tensions rise, BOC high on the agenda

Here is what you need to know on Wednesday, January 22: The coronavirus continues spreading and remains in the spotlight. The report of the first case
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