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9 Jan 2020

GBP Futures: extra losses likely in the short-term

CME Group’s advanced readings for GBP futures markets noted open interest increased by around 4.3K contracts on Wednesday, reversing the previous drop. Volume, too, rose for the second straight session, this time by nearly 3.4K contracts.

GBP/USD risks a move to 1.2990

Cable’s prospect of further downside is supported by rising open interest and volume amidst negative price action on Wednesday. That said, the 55-day SMA in the 1.2990 region emerges as the next target of relevance in case the ongoing weakness extends further.

Jan 9, 2020

Indonesia: FX reserves at 2-year highs in December – UOB

Economist at UOB Group Enrico Tanuwidjaja assessed the latest FX reserves figures in the country. Key Quotes “Indonesia’s foreign exchange reserves su
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Jan 9, 2020

Forex Today: Sell-offs in gold, oil and Bitcoin following Mid-East calm, central bankers eyed

Here is what you need to know on Thursday, January 9: Mid-East tensions have significantly calmed as the US and Iran step back from the brink of war a
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