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GBP Futures: Further upside loses traction

In light of advanced data from CME Group for GBP futures, open interest dropped by just 475 contracts on Wednesday while volume rose by more than 18K contracts after three consecutive pullbacks.

GBP/USD stays focused on 1.2000

Cable’s weekly upside lost some traction in the 1.1880 region on Wednesday amidst erratic performance in open interest and volume. That said, some consolidation now emerges on the cards, although the pair’s initial target stays at the 1.20 mark.

Bank Indonesia’s Warijyo: Central bank has more than enough forex reserves to support the rupiah

Bank Indonesia’s (BI) Governor Warijyo said on Thursday, the central bank has more than enough forex reserves to support the rupiah, including through
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EUR/USD eyes 1.0974 as next upside target as EU mulls stimulus – Confluence Detector

EUR/USD has been extending its gains, topping 1.09 after the US Senate approved a massive stimulus bill and as EU leaders are now working on a package
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