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CME Group’s advanced figures for petroleum futures markets noted traders increased their open interest positions by around 15.1K contracts following four consecutive daily pullbacks on Wednesday. Volume, instead, shrank for the second session during a row, this point by quite 187K contracts. WTI…
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NZD/USD is forecast to trade between 0.6960 and 0.7105 within the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “While we expected NZD to strengthen yesterday, we were of the view…
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Gold price is finding its feet after Tuesday’s drop, although $1790 remains a troublesome nut to crack for the bulls. US Markit PMIs are awaited for fresh cues, FXStreet’s Dhwani Mehta briefs. See – Gold…
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Considering preliminary figures for gas futures markets from CME Group, open interest shrank for the fifth consecutive session on Tuesday, now by around 3.5K contracts. Volume followed suit and went down by around 35.6K contracts.…
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CME Group’s advanced readings for petroleum futures markets noted both open interest and volume shrank markedly on Tuesday, this point by around 30.5K contracts and by around 183.7K contracts, respectively. WTI remains in overbought levels Prices of the WTI…
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USD/INR steps back from intraday top after a two-day downtrend. Mildly upbeat sentiment weighs on USD before Powell’s testimony. US-China jitters, covid updates, and second-tier data add filters to the moves. USD/INR defends the 74.00 thresholds, snapping…
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Gold is attempting a bounce from two-month lows amid falling yields, although a broadly firmer US dollar is probably going to limit the rebound, FXStreet’s Dhwani Mehta briefs. XAU/USD attempts a bounce amid falling yields,…
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DXY records 2-month highs beyond 92.00, retreats afterward. Next on the upside comes during a Fibo level near 92.50. DXY advances above the 92.00 mark for the primary time since April on Friday. The improved…
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DXY extends the sharp rebound further north of 91.00. The dollar regains traction following the FOMC event. Initial Claims, Philly Fed Index, Yellen next on tap. The dollar keeps pushing higher and extends the recent…
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Silver tracked the sell-off in gold price after Fed’s hawkish turn. XAG/USD battles 50-DMA as bears gather strength for subsequent downswing. RSI has turned flat but stays bearish, keeping sellers hopeful. Silver price (XAG/USD) tumbled in tandem…
