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Crude Oil Futures: Downside has further legs to go

In light of advanced data from CME Group, traders added nearly 21.7K contracts to their open interest positions on Friday, reaching the third build in a row. Volume, too, rose for the second consecutive session, this time by around 245.7K contracts.

WTI: A test of $50.00/bbl on the cards?

Crude oil prices remain well under pressure, forcing the WTI to extend the recent breakdown of the $52.00 mark per barrel. Rising open interest and volume accompanied Friday’s decline, opening the door for the continuation of the leg lower in the near-term. Against this backdrop, a drop and test of the critical $50.00/bbl should not be surprising.

Australian dwelling prices: Lift carries into 2020 – Westpac

Matthew Hassan, Senior Economist at Westpac noted that “the recovery in Australian dwelling prices that began in mid-2019 has carried into early 2020,
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GBP/USD could move higher and test 1.3285 – UOB

Following the recent move up, Cable could now attempt a test of 1.3285, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We held the v
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