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GBP Futures: Upside looks limited

Investors scaled back their open interest positions for the fourth consecutive session on Monday, this time by around 4.7K contracts as per advanced figures from CME Group. Volume followed suit and went down by almost 34.8K contracts.

GBP/USD: Upside faltered near 1.2500

The upside momentum in Cable appears to have lost traction in the vicinity of the 1.2500 mark on Monday amidst declining open interest and volume. That said, the lack of follow through plus inconclusive price action could spark some correction/consolidation in the short-term horizon.

Indonesia unveils IDR 405.1 trln additional stimulus to fight coronavirus impact, USD/IDR hits lows

On Tuesday, Indonesian President Joko Widodo announced 405.1 trillion rupiah of additional spending to cushion the economic shock from the coronavirus
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EUR/USD: Stabilization at 1.10-1.12 for now – Danske Bank

EUR/USD closely tracks global sentiment, in the opinion of economists at Danske Bank, who see the pair stabilisating in the near-term. Key quotes “Rec
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