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13 Mar 2023

Gold Futures: Door open to further upside

Open interest in gold futures markets reversed the previous drop and increased by around 15.5K contracts on Friday, according to preliminary readings from CME Group. Volume followed suit and went up for the second session in a row, this time by around 108.8K contracts.

Gold: Immediate target emerges at $1900

Friday’s strong uptick in gold prices was on the back of increasing open interesting and volume and is indicative that extra gains appear in store for the yellow metal in the few weeks. That said, the next up-barrier of note appears around the $1900 mark per ounce troy.

Mar 13, 2023

EUR/USD now faces some near-term consolidation – UOB

Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia now see EUR/USD navigating within the 1.0560-1.0800 range for the time being. Ke
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Mar 13, 2023

GBP/USD: Outlook remains mixed for the time being – UOB

GBP/USD sticks to its mixed outlook and is expected to trade between 1.1950 and 1.2240 in the next weeks, suggest Markets Strategist Quek Ser Leang an
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