OctaFX | OctaFX Forex Broker
Open trading account

GBP Futures: Extra losses in the pipeline

CME Group’s flash readings noted investors added around 2.1K contracts to their open interest positions on Monday. Volume, too, went up by nearly 44.3K contracts, prolonging the erratic performance seen as of late.

GBP/USD could test 1.2950

Cable’s negative price action on Monday could extend further in the short-term on the back of rising open interest and volume. Against this, the area of 2020 lows in the mid-1.2900s should act as initial contention.

Singapore: Coronavirus outbreak could mitigate PMI improvement – UOB

Economist at UOB Group Barnabas Gan gives his views on the manufacturing sector in Singapore. Key Quotes “Singapore’s overall Purchasing Managers’ Ind
Read more Previous

BI seen reducing rates in March – UOB

Economist Lee Sue Ann at UOB Group suggested the Bank Indonesia (BI) could cut the key rate by 25 bps at the March meeting. Key Quotes “At the January
Read more Next
Start livechat