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28.10.2021 Market Report


FX Strategists at UOB Group noted EUR/USD now moved into a consolidative phase, likely between 1.1555 and 1.1670 in the next weeks.


In opinion of FX Strategists at UOB Group, GBP/USD should keep navigating between 1.3690 and 1.3840 for the next weeks.


According to FX Strategists at UOB Group, USD/JPY is forecast to keep the consolidative mood well and sound for the time being and likely within the 113.20-114.70 range.


AUD/USD extends previous day’s rebound, refreshes weekly high.


The buying interest is seen fading if NZD/USD breaches the 0.7125 level in the short-term horizon, noted FX Strategists at UOB Group.


USD/CAD pulls back from weekly top inside bearish chart pattern.


USD/CHF consolidates gains on Tuesday morning’s Asian trading hours.


CME Group’s flash data for crude oil futures markets noted traders trimmed their open interest positions for the third consecutive session on Monday, now by around 13.6K contracts. On the other hand, volume went up for the third straight session, this time by around 234.7K contracts.


Gold regained positive traction on Monday and inched back closer to multi-week tops. As Financial Markets Analyst, Haresh Menghani notes, acceptance above 100/200-day SMAs favours XAU/USD bulls.

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