OctaFX | OctaFX Forex Broker
Open trading account

Gold Futures: Potential rebound near-term

In light of preliminary prints from CME Group for Gold futures markets, open interest and volume went down by nearly 1.1K contracts and almost 36.3K contracts, respectively, on Wednesday.

Gold posed for extra consolidation

Alternating risk appetite trends – always looking to developments from the COVID-19 – are expected to keep driving the mood around Gold. The recent decline in open interest and volume coupled with lower prices opens the door to a potential bounce in the short-term horizon. Against this backdrop, the ounce troy of the precious metal is still seen capped by monthly peaks near $1,570 (February 1st).

FX option expiries for Feb 13 NY cut

FX option expiries for Feb 13 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - USD/JPY: USD amounts 109.00 725m 110.50 870m - AUD/USD: AU
Read more Previous

EUR/USD seen holding the downside in the 1.0879/0763 band – Commerzbank

In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, the pair’s decline is expected to face a solid support in the 1.
Read more Next
Start livechat