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GBP Futures: bullish with caution

CME Group’s preliminary data for GBP futures markets noted investors scaled back their open interest positions by nearly 1.4K contracts on Wednesday. Volume followed suit and decreased for the second straight session, this time by around 3.6K contracts.

GBP/USD risks a correction lower

Short covering was behind Cable’s move up on Wednesday to levels beyond the critical mark at 1.30 the figure, as noted by declining open interest and volume. That said, while further gains are not ruled out in the very near-term, the likeliness of a downside correction seems to be gathering traction.

USD/CHF Price Analysis: Yearly trendline, 61.8% Fibonacci on the bears’ radar

USD/CHF takes rounds to 0.9645 while heading into the European session on Thursday. The pair witnesses pullback from the lowest since September 2018.
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Forex Today: Kiwi strongest amid post-trade deal cautious optimism; eyes on US Retail Sales

Cautious optimism emerged as the main underlying theme in Thursday’s Asian session, despite the conclusion of the historic US-China phase one trade de
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