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11 May 2021

Crude Oil Futures: Look neutral near-term

Open interest in Crude Oil futures markets rose by more than 5K contracts on Monday according to preliminary readings from CME Group. Volume followed suit and went up for the second session in a row, this time by around 34.8K contracts.

WTI faces some consolidation very near-term

Prices of the WTI charted an inconclusive session on Monday amidst rising open interest and volume. That said, extra rangebound looks likely in the very near-term, while a surpass of recent peaks near the $65.00 mark per barrel (May 5) could allow for the continuation of the uptrend.

 

May 11, 2021

GBP/USD now looks to 1.4235 – UOB

In opinion of FX Strategists at UOB Group, the upside momentum in Cable could extend to the 1.4235 level in the next weeks. Key Quotes 24-hour view: “
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May 11, 2021

USD/INR Price News: Indian rupee sellers battle short-term hurdle around mid-73.00s

USD/INR extends the week-start recovery to 73.51, up 0.05% intraday, amid the initial Indian trading session on Tuesday. The Indian rupee (INR) pair d
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