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Copper Futures: There is still scope for a rebound

Open interest rose by just 202 contracts on Wednesday, reversing eight consecutive pullbacks, according to preliminary data from CME Group. Volume, instead, went down for the second straight session, now by nearly 5.3K contracts.

Copper met contention near 2.50 so far

Prices of the base metal remain well under pressure for yet another session. The recent drop in volume signals that the decline could be running out of steam. This view is reinforced by the persistent downtrend in open interest (banning Wednesday’s marginal uptick).

USD/CAD climbs to 7-week tops, sits comfortably above 1.3200 mark

The USD/CAD pair built on its momentum beyond the 1.3200 round-figure mark and climbed to fresh seven-week tops during the early European session on T
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GBP: knife edge? – Rabobank

According to analysts at Rabobank, the extent of any GBP rally on a unchanged policy decision from the Bank of England today could be tempered by a co
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