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EUR Futures: Downside has further legs to go

Open interest in EUR futures markets rose for the fifth consecutive session at the beginning of the week, this time by around 5.7K contracts according to advanced readings from CME Group. Volume, instead, shrunk by around 32.2K contracts, extending the choppy activity seen in past sessions.

EUR/USD: Next stop at 1.0879?

The bearish sentiment remains entrenched into EUR/USD, which could now extend the leg lower to the 1.0880 region, or 2019 lows. This view is well reinforced by another increase in open interest coupled with Monday’s pullback.

 

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FX option expiries for Feb 11 NY cut

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China: Inflation expected to edge higher – UOB

Economist Ho Woei Chen, CFA, at UOB Group, gives her opinions on the uptick in Chinese consumer prices. Key Quotes “China’s January Consumer Price Ind
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