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Copper Futures: Further downside on the table

CME Group’s advanced readings for Copper futures markets noted open interest rose by almost 1.7K contracts, reaching the third build in a row. On the flip side, volume reversed the previous build and decreased by around 8.5K contracts, resuming the downtrend.

Copper faces some consolidation near term

Wednesday’s negative performance of the pound of the base metal was in tandem with rising open interest, which should be supportive of further losses in the short-term horizon. However, the drop in volume could trigger some consolidation and/or slow the pace of the expected pullback.

EUR/GBP: Expected to hold over the 200-day ma at 0.8754 – Commerzbank

EUR/GBP is approaching the 0.8754 200 day ma where ideally we should see the market stabilise and recover, according to Karen Jones from Commerzbank.
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China: Economy remains challenging despite signs of recovery – HSBC

Against the backdrop of a sharp near-term slowdown in economic activity in January-February, investor focus is now on the pace at which China’s econom
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