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13 Mar 2023

Crude Oil Futures: Extra gains on the cards

CME Group’s flash data for crude oil futures markets noted traders increased their open interest positions for the fourth consecutive session on Friday, this time by around 1.5K contracts. Volume, instead, remained erratic and went down by nearly 19K contracts.

WTI: Next on the upside comes $80.00 and above

WTI prices regained the smile on Friday after three daily pullbacks in a row. The rebound was amidst increasing open interest and leaves the room open to the continuation of this trend at least in the very near term. The immediate resistance for the commodity lines up at the key $80.00 mark per barrel.

Mar 13, 2023

GBP/USD: Outlook remains mixed for the time being – UOB

GBP/USD sticks to its mixed outlook and is expected to trade between 1.1950 and 1.2240 in the next weeks, suggest Markets Strategist Quek Ser Leang an
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Mar 13, 2023

AUD/USD: Dwindling bets for a drop to 0.6500 – UOB

In the opinion of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, a potential drop to the 0.6500 region in AUD/USD seems to be
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