EUR Futures: further downside on the cards

According to advanced data for EUR futures markets from CME Group, investors added 720 contracts to their open interest positions on Wednesday, recording the third build in a row. On the other hand, volume extended the choppy activity and shrunk by around 58.7K contracts.

EUR/USD targets the 55-day SMA near 1.1040

EUR/USD is navigating the area of recent lows in the 1.1070/60 band amidst declining open interest and volume. That said, extra losses now target the key 55-day SMA in the 1.1040 region in the near term.

Nov 7, 2019

BoT cut rates to record low – UOB

M.Udomkerdmongkol, Economist at UOB Group, assessed the recent decision by the Bank of Thailand (BoT) to reduce the key rate by 25 bps to a record low

Recent trade optimism-led gains in Yuan likely to be short-lived – Reuters poll

According to the strategists polled by Reuters, the Chinese Yuan is unlikely to sustain the recent upside, induced by the US-China trade deal hopes, a