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16 Mar 2021

Natural Gas Futures: Extra decline on the cards

In light of advanced readings from CME Group, open interest in Natural Gas futures markets rose for the second session in a row, now by around 2.2K contracts. In the same line, volume rose sharply by around 115.2K contracts.

Natural Gas faces contention around $2.40/MMBtu

Natural Gas dropped further on Monday amidst rising open interest and volume. Against this, there is now scope for a deeper pullback to, initially, the 200-day SMA around $2.45 ahead of the yearly lows near the $2.40 per MMBtu recorded on January 22.

 

 

Mar 16, 2021

BOE’s Bailey: Will continue bond purchases in 2021, GBP/USD unfazed

Sees 12% fall in UK Q1 GDP as compared to 2019 Down 4% as compared to 2020 UK inflation will remain below 2% threshold But will initially flare in the
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Mar 16, 2021

USD/CAD holds steady near session tops, remains below 1.2500 mark

The USD/CAD pair traded with a mild positive bias heading into the European session and was last seen hovering near the top end of its daily range, ar
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