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28 Jul 2021

Crude Oil Futures: Further recovery on the cards

Open interest in crude oil futures markets rose for yet another session on Tuesday, this time by around 6.7K contracts considering advanced figures from CME Group. Volume, instead, resumed the downtrend and dropped by more than 58K contracts.

WTI faces a moderate barrier around $72.00

Tuesday’s drop and rebound in WTI from the $71.00 region was amidst rising open interest, which leaves the door open to the continuation of the recovery in the very near term from last week’s lows near the $65.00 mark per barrel.

Jul 28, 2021

UK PM Johnson: A travel corridor for freer movement between UK and US is being considered

A travel corridor between the UK and US for free movement is being considered, the UK Prime Minister Boris Johnson said in an interview with LBC. He a
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Jul 28, 2021

Further rangebound seen in AUD/USD – UOB

AUD/USD could now trade within the 0.7320-0.7450 range in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Our expecta
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