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EUR Futures: Downside losing traction?

Open interest in EUR futures markets went down by just 110 contracts on Thursday, reaching the second drop in a row according to flash readings from CME Group. Volume followed suit and shrunk by around 47.5K contracts, prolonging the erratic performance.

EUR/USD faces the next support at 1.0814

EUR/USD extended the downside on Wednesday amidst declining open interest and volume, hinting at the likeliness that the idea of a deeper pullback could be running out of steam. That said, the next key support emerges at the Fibo retracement at 1.0814 ahead of the February’s low at 1.0777.

China to start buying oil for state reserves after sharp drop in prices - Bloomberg

Citing sources familiar with the matter, Bloomberg reports that China is said to start buying crude for its Strategic Petroleum Reserves, in light of
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Forex Today: Nearly a million coronavirus cases, US jobless claims could top 5 million, markets shaky

The market mood is cautiously optimistic on Thursday after a risk-off Monday. Stock futures are marginally higher while the US dollar is up against th
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