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GBP futures: bearish view unchanged

CME Group’s preliminary figures for GBP futures noted open interest rose by nearly 7.3K contracts on Tuesday from Friday’s 199,674 contracts. Volume followed suit, posting the biggest advance since February 8, rising by almost 105K contracts.

GBP/USD still targets 1.3040

Cable continues its march South unabated so far this week. Yesterday’s test of fresh lows in the 1.3200 neighbourhood has been against the backdrop of a sharp increase in volume and a continuation of the up move in open interest.

SEK appears constructive near term – Danske Bank

In view of Jens Pedersen, Senior Analyst at Danske Bank, the outlook on the Swedish currency seems positive in the near term horizon. Key Quotes “In
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EUR/JPY scope for a visit to 124.08 – Commerzbank

The cross risks a potential visit to the 124.08 level, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/JPY contin
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