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Crude Oil Futures: Downside seems to have met contention

According to flash figures from CME Group, open interest shrunk by nearly 5.3K contracts on Thursday. Volume, instead, went up by almost 238K contracts, extended the erratic performance.

WTI looks supported around $55.50 so far

Prices of the WTI managed to rebound from 2-month lows in the mid-$55.00s on Thursday amidst shrinking open interest and choppy activity in volume. That said, the commodity could now attempt a relief rally to the next target at the 200-day SMA around $57.50.

Breaking: EUR/USD hits fresh highs as German Preliminary Manufacturing PMI beats estimates with 45.2

German Manufacturing PMI arrives at 45.2 in January vs. 44.5 expected. German Services PMI stands at 54.2 in January vs. 52.9 expected. More to come
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AUD/USD: Rising bets for a move below 0.6820 – UOB

Further decline in AUD/USD remains well on the cards, likely to sub-0.6820 levels according to FX Strategists at UOB Group. Key Quotes 24-hour view: “
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