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EUR futures: upside should be temporary

CME Group’s preliminary figures for EUR futures markets saw open interest rising by nearly 3.5K contracts on Monday vs. Friday’s final 459,078 contracts. On the opposite side, volume dropped significantly by more than 50.4K contracts.

EUR/USD stays upside corrective

EUR/USD has accelerated the upside during the first half of the week, clinching levels beyond 1.1700 the figure and surpassing at the same time the ‘neckline’ of the H&S pattern in the 1.1660/70 band.

The up move, despite being accompanied by a persistent increase in open interest has been also in tandem with diminishing volume, signaling that the fundamentals behind the up tick could be tepid. 

BOE Carney’s speech: there is an impact on incomes due to Brexit

Speaking at the Central Bank Communications Conference, hosted by the European Central Bank in Frankfurt, the BOE Governor Mark Carney was noted sayin
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GBP/USD off UK CPI-led swing lows, still weaker around 1.31 mark

   •  Latest UK CPI print prompts fresh selling.    •  Weaker USD lends some support.     •  Focus shifts to Wednesday’s UK labor market report. Th
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