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Copper futures: Near-term rebound in the offing

Both open interest and volume  in Copper futures markets shrunk by 762 contracts and around 7.5K contracts, respectively, on Monday, as per advanced readings from CME Group.

Copper now targets 2.6250

Price action around the base metal was inconclusive at the beginning of the week amidst shrinking open interest and volume, leaving further downside as limited and opening the door for a potential rebound to, initially, recent tops around 2.6250.

UK PM Johnson spokesman: PM Johnson expected carry out reshuffle on Thursday

British Prime Minister Boris Johnson is expected to carry out the cabinet reshuffle on Thursday, Johnson's spokesman said on Thursday and added that a
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EUR/USD faces a probable move to the 1.0880 region – UOB

FX Strategists at UOB Group still expect EUR/USD to drift lower to the 1.0880 region in the near-term. Key Quotes 24-hour view: “We highlighted yester
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