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5 Mar 2020

Crude Oil Futures: Extra consolidation likely

Open interest in crude oil futures markets rose by around 16.5K contracts on Wednesday, reversing two consecutive daily drops according to flash data from CME Group. Volume, instead, went down by around 369.3K contracts.

WTI looks to OPEC+ for near-term direction

Prices of the barrel of WTI are extending the consolidative fashion around current levels and are expected to maintain the same tone amidst rising open interest and volume. The imminent OPEC+ meeting (Thursday and Friday) is expected to determine the price action in the commodity in the very near term at least.

Mar 5, 2020

BOE to cut rates by 50bps at March meeting – Goldman Sachs

Analysts at Goldman Sachs said in the latest client note that they see the Bank of England (BOE) by 50bps at its March meeting. The impact of the viru
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Mar 5, 2020

Forex Today: California's coronavirus emergency battles US special budget, Biden bounce, Gold stable

Here is what you need to know on Thursday, March 5: The market mood is mixed after the US House of Representatives has passed a special spending bill
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