GBP futures: bottomed out?

12 February, 2018

In light of advanced figures for GBP futures markets, open interest decreased by almost 5K contracts on Friday vs. Thursday’s 209,855 contracts. In the same line, volume dropped by more than 44K contracts.

Cable’s recent price action appears to have found support in the sub-1.3800 area recorded on Friday. The down move in prices has been accompanied by declining open interest and volume, all hinting at the likeliness of a potential squeeze higher in the near term.


Source link  
Gold drops to fresh session lows

Fails to capitalize on last week's goodish bounce, despite a subdued USD demand. A goodish bounce in US bond yields/risk-on mood prompts some fresh selling...

Gold to retest trend channel resistance

The precious metal's corrective slide on Friday, from near six month tops, stalled ahead of an important confluence resistance break-point now turned support...

Gold looks to $1210 ahead of US data

Stalled US dollar bounce combined with negative European equities, Treasury yields underpin. Volatile within $ 5 range ahead of the US core PCE data...


Gold and oil shorts covered

According to the CFTC Weekly Report (W/E July 10), as the WTI crude oil spiked toward $75/bbl amid fears of supply shortages and low spare capacity, which...

Global markets in a delicate spot

Analysts at Westpac, suggest that global markets remain in a delicate spot due to ongoing uncertainty of the US/China trade saga and growing geopolitical tensions...

Powell to stick to gradual path

Analysts at Deutsche Bank suggest that new Fed Chair Powell’s testimony is at 3pm GMT and he will be speaking on behalf of the FOMC...


Strong market sentiment continues

Chief Analyst, Allan von Mehren at Danske Bank suggests that global market sentiment continues to be strong with further decent increases in stock...

A week with no market movers

In the US, the coming week brings no market movers. The week after New Year’s Eve, however, brings several interesting releases. As the statement from the meeting..

Buy the rumour, sell the fact

It’s an action-packed week for global markets with a deluge of G20 central bank meetings and key economic data releases to contemplate ahead of...

  


Share it on:   or