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EUR Futures: Further consolidation on the cards

According to advanced figures for EUR futures markets from CME Group, open interest resumed the downside and shrunk by nearly 1.6K contracts on Tuesday. On the other hand, volume increased by around 56.5K contracts following two consecutive pullbacks.

EUR/USD expected to keep the rangebound theme

Tuesday’s negative price action in EUR/USD was on the back of declining open interest and volume, opening the door for the continuation of the consolidative mood, at least in the short-term horizon. That said, further gains should need to surpass recent tops in the mid-1.1100s.

Italy’s Gualtieri: Role of ECB in coronavirus crisis is crucial, but Europe also needs a coordinated fiscal policy

In an interview with an Italian newspaper on Wednesday, the country Economy Minister Roberto Gualtieri said that the role of the European Central Bank
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GBP/USD: Upside pressure alleviated below 1.2000 – UOB

Cable’s upside momentum could lose traction on a breakdown of the 1.2000 mark, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We held th
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