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Copper Futures: Extra gains stay in the pipeline

In light of preliminary readings for Copper futures markets from CME Group, open interest posted the fifth consecutive advance, now by around 1.2K contracts. In the same direction, volume extended the choppy performance and retreated by around 74.5K contracts.

Strong resistance emerges at 2.6250

Tuesday’s positive price action is expected to continue in the very near-term on the back of rising open interest and volume. However, a more serious bullish move needs to clear the solid barrier at the 2.6250 region.

AUD/USD likely to remain side-lined in the short-term – UOB

FX Strategists at UOB Group keep the consolidative view unchanged around AUD/USD for the time being. Key Quotes 24-hour view: “We expected AUD to ‘dri
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USD/JPY looks to the 110.30 region – UOB

USD/JPY remains neutral in the near-term, although it could attempt a visit to the 110.30 region, noted FX Strategists at UOB Group. Key Quotes 24-hou
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