Crude Oil Futures: Further upside not ruled out

Considering preliminary readings from CME Group for crude oil futures markets, traders reduced their open interest for the fourth consecutive session on Monday, this time by around 8.4K contracts. Volume followed suit and shrank for the third session in a row.

WTI: Bullish attempts capped by $90.00

Prices of the WTI navigated a volatile session on Monday and closed with modest losses around the $85.00 mark per barrel. The downtick was on the back of shrinking open interest and volume and could allow for a near term rebound, although the upside appears limited around the $90.00 yardstick for the time being.

Sep 20, 2022

USD/BRL to be driven by USD side but BCB might support real with a surprise rate hike – Commerzbank

This week is full of G10 central bank meetings so there will be less attention on the meeting of the Banco Central do Brasil (BCB) this Wednesday. The

Deteriorating economic outlook, fragile risk sentiment and elevated US yields point to USD resilience

In the view of economists at HSBC, the USD’s outlook depends on global growth, risk appetite, and relative yields but they still do not see a shift in