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29 Jul 2021

Crude Oil Futures: Gains seem short-lived

CME Group’s flash data for crude oil futures markets noted open interest shrank by around 8.3K contracts after five straight daily builds. Volume followed suit and dropped for the second session in a row, now by nearly 81K contracts.

WTI faces some consolidation near term

Wednesday’s uptick in WTI was fuelled by short covering, as noted by shrinking open interest and volume. Against that, further upside could be losing momentum and the door could open to some consolidation or even a corrective downside in the very near term.

Jul 29, 2021

AUD/USD holds steady near weekly tops, bulls await a move beyond 0.7400 mark

The AUSD/USD pair bounced around 30 pips from the Asian session lows and was last seen hovering near the top end of its daily trading range, just belo
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Jul 29, 2021

GBP/USD could re-visit 1.3955 soon – UOB

Cable’s upside momentum carries the potential to re-test the mid-1.3900s in the short-term horizon, suggested FX Strategists at UOB Group. Key Quotes
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