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EUR futures: rangebound, albeit cautious

In light of CME Group’s advanced data for EUR futures markets, open interest declined by a meagre 490 contracts on Thursday vs. Wednesday’s 463,935 contracts. In addition, volume advanced for the third consecutive day, this time by more than 23.3K contracts.

EUR/USD points to further consolidation

EUR/USD is extending the sideline theme so far today, with gains capped around the 1.1800 handle and pullbacks finding support in the 1.1680/60 band for the time being. Choppy activity in open interest so far this week coupled with fading momentum in the price action opens the door for further rangebound in the near term. However, increasing volume amidst declining prices should prompt some warnings among traders.

European Monetary Union Current Account s.a came in at €21.2B below forecasts (€27.3B) in June

European Monetary Union Current Account s.a came in at €21.2B below forecasts (€27.3B) in June
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USD/JPY tumbles to weekly lows, trying to defend 109.00 mark

A fresh wave of greenback selling pressure emerged during the early European session, with the USD/JPY pair tumbling to weekly lows near the 109.00-10
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