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Copper Futures: A near-term bottom in place?

Open interest shrunk by just 122 contracts at the beginning of the week, reversing at the same time three consecutive daily builds. Volume, instead, increased for the third session in a row, this time by around 43.1K contracts.

Copper: Rebound seems short-lived

Prices of the base metal appear to have met solid support in the 2.48 region, or YTD lows recorded on Monday. The downtick in open interest and excessive oversold levels favour a rebound, although the significant increase in volume warns against the sustainability of the move up.

AUD/USD consolidates RBA-inspired gains, trades above 0.6700

The AUD/USD pair gained traction during the Asian trading hours and climbed to a daily high of 0.6733 boosted by the Reserve Bank of Australia's monet
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USD/JPY: Shrinking bets for further losses – UOB

FX Strategists at UOB Group do not favour a deeper retracement in USD/JPY to the 107.60 region. Key Quotes 24-hour view: “The weakness in USD from las
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