GBP futures: further consolidation likely

Open interest in GBP futures markets rose by around 2.2K contracts on Tuesday from Monday’s final 258,163 contracts, according to CME Group. In the same line, volume rose by around 29K contracts following two consecutive drops.

GBP/USD rangebound for the time being

Cable found some strong hurdle above 1.2900 the figure for the time being, although the lack of follow through coupled with choppy activity in open interest and volume leaves the pair to the mercy of extra consolidation in the near term.

Aug 29, 2018

TRY: Resumed its falling trend against the dollar - Rabobank

Analysts at Rabobank note that the Turkish lira has resumed its falling trend against the dollar as USDTRY is up almost 2% this morning from yesterday

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Aug 29, 2018

Japanese Govt downgrades its view on exports for the first time in 3 years

In its monthly economic assessment report, the Japanese Cabinet Office downgraded its view on the country’s exports for the first time in three. Key

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