GBP Futures: extra weakness looks likely near term


CME Group’s advanced data for GBP futures markets noted investors added around 3.2K contracts to their open interest positions on Tuesday, recording the second straight build at the same time. In addition, volume increased by nearly 47.9K contracts, reversing two consecutive drops.

GBP/USD stays under pressure on Brexit jitters

Cable’s drop on Tuesday was accompanied by rising open interest and volume, showing that fresh selling pressure returned to the markets on the back of the deterioration of the Brexit front. That said, there is scope for a deeper retracement in in the short-term horizon with the immediate target at 1.2013, August’s low.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD:1.1052 is key support

EUR/USD could face strong selling pressure below key support of 1.1052. The pair created a bearish hammer on Wednesday. That candlestick pattern is widely considered an early warning of an impending bearish reversal. The follow-through was bearish on Thursday.

EUR/USD News

GBP/USD: Bearish pin bar on D1 keeps sellers hopeful

Bearish candlestick pattern doubts the GBP/USD’s latest recovery as the cable takes the bids to 1.2920 during Asian session. Prices are likely to liquidate the recent upside momentum unless breaking the latest high of 1.2986.

GBP/USD News

USD/JPY: Flat in Tokyo as markets look for trade-deal clarity

At the time of writing, USD/JPY is flat around 108.60 trading ina narrow 10-pip range following a mixed session overnight for financial markets. where USD/JPY ranged between 108.46 and 108.70.

USD/JPY News

Gold clings to 100-day EMA amid a lack of fresh catalysts, US-China tussle in focus

Following its first negative daily closing in the week, Gold prices cling to 100-day EMA while flashing $1,465 as a quote during Friday’s Asian session. The US “Freedom of Navigation” and another funding bill to avoid shutdown recently occupied headlines.

Gold News

Big Day for the Euro with ECB Lagarde and PMIs

Friday will be a big day for the euro. There's a speech by ECB President Christine Lagarde and November PMIs. Since Lagarde became the President of the central bank, she has not made any direct comments on monetary policy.

Read more

Forex MAJORS

Cryptocurrencies

Signatures