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Gold Futures: Extra gains appear temporary

Traders scaled back their open interest positions by around 10.5K contracts on Friday, extending the inconclusive performance seen as of late. On another line, volume increased for the second session in a row, this time by nearly 125.1K contracts.

Gold: a test of $1,600/oz is not ruled out

The continuation of the risk aversion sentiment in the global markets could motivate the ounce troy of gold to extend the rebound to the key $1,600 mark in the short-term horizon. While rising volume favours this scenario, shrinking open interest seen as of late could prompt some consolidation.

EUR/GBP: a visit to 0.8239 emerges on the horizon – Commerzbank

The European cross remains under pressure and further downside could re-visit the 0.8240 region, in opinion of Karen Jones, Team Head FICC Technical A
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FOMC: All eyes on Chair Powell’s press conference – Deutsche Bank

The Macro Strategists at Deutsche Bank offer a brief preview of the US Federal Reserve (Fed) monetary policy decision due to be announced on Wednesday
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