EUR futures: scope for extra downside

Pablo Piovano FXStreet

In light of preliminary figures for EUR futures markets from CME Group, investors trimmed their open interest positions by around 1.7K contracts on Friday from Thursday’s final 632,127 contracts. In the same direction, volume collapsed by almost 498K contracts (the largest drop so far this year).

EUR/USD refocused on 1.1510

EUR/USD's small up tick on Friday has been on the back of a small increase in open interest and a massive drop in volume, leaving the door open for further retracements with the initial target at 2018 lows in the boundaries of the 1.1500 handle.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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GBP/USD stays in the red below 1.3700 on renewed USD demand

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Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals

Bitcoin Cash trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.

Follow the money, what USD/JPY in Tokyo is really telling you

Over the past two Tokyo sessions, this has not been a rate story. Not even close. Interest rate differentials have been spectators, not drivers. What has moved USD/JPY in local hours has been flow and flow alone.

Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals

Bitcoin Cash (BCH) trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.