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2 Mar 2020

Copper Futures: Rebound expected to pick up pace

In light of preliminary figures for Copper futures markets from CME Group, open interest went down for the fifth consecutive session on Friday, now by almost 5K contracts. On the flip side, volume reversed four drops in a row and increased by around 8K contracts.

Copper re-targets the 2.6250 level

Friday’s test and rebound from multi-day lows was on the back of declining open interest, leaving the downside limited and allowing for some rebound in the near term. That said, the strong resistance at 2.6250 has once again become the next target of relevance.

Mar 2, 2020

Indonesia: Inflation will not be a barrier for a rate cut – ANZ

Indonesia released headline inflation data and came within the central bank’s 2-4% target band, strategists at ANZ Research reports. USD/IDR is tradin
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Mar 2, 2020

USD/CNH could retreat further and test 6.9400 – UOB

FX Strategists at UOB Group now see the probability that USD/CNH could slip back to the 6.9400 region. Key Quotes 24-hour view: “We highlighted last F
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