Gold Futures: Rebound looks limited
Share: Open interest in gold futures markets dropped for the fourth session in a row on Tuesday, this time by just 785 contracts according to preliminary readings from CME Group. Volume, instead, resumed the uptrend and went up by around 16.2K contracts. Gold remains supported around $1860 Gold prices edged higher and extended […]
Further limited CAD recovery potential in the medium term – Commerzbank
The Loonie continues to find it difficult to hold its ground. Economists at Commerzbank see limited CAD recovery potential in the medium term. CAD is likely to have a hard time for the time being against the EUR “In view of the robust economy and active BoC, we see further limited CAD recovery potential against […]
Retreats from multi-month top, downside potential seem limited
AUD/USD fails ahead of the 0.7000 mark and corrects from a multi-month top touched on Friday. A combination of factors helps revive the USD demand and exerts downward pressure on the pair. The technical setup favours bulls and supports prospects for the emergence of some dip-buying. The AUD/USD pair retreats from the vicinity of the […]