Crude Oil Futures: Further gains should not be ruled out

Open interest in crude oil futures markets rose for the second session in a row on Wednesday, this time by nearly 5K contracts according to preliminary readings from CME Group. Volume, instead, resumed the downtrend and dropped by around 225.8K contracts.

WTI: Initial hurdle emerges around $75.00

Wednesday’s strong rebound in prices of WTI was accompanied by increasing open interest and a sharp drop in volume. Against that, there is still scope for further gains, while the monthly high near the $75.00 mark per barrel continues to cap the upside for the time being.

Jun 22, 2023

EUR/GBP set to move higher as the BoE communication fails to live up to market expectations – Danske Bank

Economists at Danske Bank analyze EUR/BP outlook ahead of the Bank of England (BoE) meeting. Look to sell GBP on aggressive BoE pricing In our base c

Fed: Second rate hike after July is not expected – Rabobank

Fed Chair Powell delivered his semiannual monetary policy report to the House Committee on Financial Services. Economists at Rabobank analyze Powell’s