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Copper Futures: Neutral near-term

CME Group’s advanced prints for Copper futures markets noted traders added nearly 2.5K contracts to their open interest positions on Friday, reaching the fourth build in a row. Volume, instead, shrunk by almost 54K contracts, resuming the downside.

Copper prices face some consolidation

Friday’s retracement in prices of the base metal was on the back of rising open interest, opening the door to a deeper pullback in the near-term. However, the moderate drop in volume could remove tailwinds from the potential decline and spark some consolidation instead.

USD/CAD hangs near two-week lows, below mid-1.3200s

The greenback remained on the defensive against its Canadian counterpart and pushed the USD/CAD pair to fresh two-week lows on the first day of a new
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USD/CNH still faces extra rangebound – UOB

USD/CNH is seen sticking to its current consolidative theme, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “USD traded between 6.9814 an
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