OctaFX | OctaFX Forex Broker
Open trading account
Back

Gold Futures: Downside seen as shallow

In light of preliminary figures for Gold futures markets from CME Group, traders trimmed their open interest positions for the second day in a row, this time by nearly 3.7K contracts. Volume, in the same line, reversed two straight builds and shrink by around 245.3K contracts.

Gold remains supported near $1,450/oz

Prices of the ounce troy of gold are fading the recent uptick to the $1,650 region. Wednesday’s pullback was on the back of shrinking open interest and volume, which should leave the downside somewhat limited in the short-term horizon.

GBP/USD: 1.1900-20 region becomes immediate strong resistance

Haresh Menghani, an analyst at FXStreet, points out the 1.1900/20 region as a strong resistance for the cable. Key quotes “The 1.1900-20 region now be
Read more Previous

USD/JPY: Short-term top in place? – UOB

USD/JPY's recent move to the 111.70 region could be viewed as an interim top, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We held
Read more Next
Start livechat