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GBP Futures: Further downside lies ahead

Investors added nearly 28.5K contracts to their open interest positions and volume also rose for the fifth consecutive session on Friday, this time by around 5.8K contracts, according to advanced data from CME Group for GBP futures markets.

GBP/USD risks a drop to 1.2694, the 200-day SMA

Cable’s negative start of the week was amidst rising open interest and volume, signalling that further (and new) sellers are coming to the markets. That said, a move to the key 200-day SMA, today just below 1.27 the figure, should not be ruled out in the near-term.

Gold clings to modest gains, bulls await a sustained move beyond $1600 mark

Gold held on to its mildly positive tone through the early European session on Tuesday, albeit seemed struggling to extend the momentum beyond the $16
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USD/CAD climbs back above mid-1.3300s, session tops

The USD/CAD pair caught some fresh bids on Tuesday and climbed back above mid-1.3300s, recovering a part of the previous session's intraday slide. A m
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