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3 Mar 2020

Crude Oil Futures: Rebound looks unsustainable

According to flash readings from CME Group for crude oil futures markets, open interest went down by around 4.1K contracts following six builds in a row. In the same direction, volume reversed three consecutive daily builds and decreased by around 365.9K contracts.

WTI: Recovery faces strong headwinds

Prices of the barrel of West Texas Intermediate bounced off new 2020 lows on Monday amidst shrinking open interest and volume. Against this, the rebound appears unsustainable and is seen struggling in the $49.30 region, previous yearly lows.

Mar 3, 2020

Carney speech: Coronavirus will cause disruption, not destruction to economy

The Bank of England is in the process of changing the assessment of the economic outlook, BoE Governor Mark Carney said while testifying before the UK
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Mar 3, 2020

USD/CHF remains depressed near multi-month lows, around 0.9570 level

The USD/CHF pair remained on the defensive through the early European session on Tuesday and is currently placed near the lower end of its daily tradi
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