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Copper Futures: A deeper pullback looks unlikely

Traders scaled back their open interest positions for the second session in a row on Wednesday, this time by around 1.9K contracts, according to the preliminary report from CME Group. Volume, instead, rose by nearly 53.3K contracts, extending the choppy performance for yet another session.

Copper could see YTD lows retested

Copper prices are extending the leg lower on Wednesday following Tuesday’s drop in open interest. While further decline is not ruled out, the area of yearly lows in sub-2.76 levels is expected to act as a strong support in the short-term horizon.

USD/CAD eases from 2-week tops, focus on Canadian CPI/BoC decision

The USD/CAD pair edged higher on Wednesday and climbed to near two-week tops, albeit struggled to capitalize on the momentum and failed ahead of the 1
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Bank Negara Malaysia: New year surprise rate cut - ANZ

Australia and New Zealand Banking Group (ANZ) analysts express their take on the Malaysian Central Bank’s surprise rate cut announcement earlier on We
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