GBP futures: further consolidation lies ahead

CME Group’s preliminary figures for open interest in GBP futures show contracts rose to 260,268 on Friday vs. Thursday’s 256,885 contracts, hinting at the possibility of a potential continuation of the consolidative theme around current levels.

Beware of ‘Brexit’ talks

Furthermore, potential gains in Cable are seen facing strong resistance around the 55-day sma near 1.2800 the figure for the time being, although GBP’s price action in the near to medium terms should largely hinge on the evolution of the Brexit negotiations, which are expected to start today.

Jun 19, 2017

Canada: Short of expectations for stronger growth – Wells Fargo

Canada’s economy expanded at an annualized rate of 3.7 percent in Q1, stopping short of expectations for stronger growth, according to the analysts at

Brazil: Economy is poised to come back into positive territory – Wells Fargo

Analysts at Wells Fargo believe that the Brazilian economy is poised to come back into positive territory this year. However, the political horizon co