EUR futures: dips appear shallow

CME Group’s preliminary figures for EUR futures markets showed open interest contracting by just above 800 contracts on Thursday vs. Wednesday’s final 454,225 contracts. In the same line, volume decreased significantly by nearly 58K contracts.

EUR/USD cautious ahead of US CPI

EUR/USD close around Thursday’s lows left the door open for extra decline today, although the marginal activity in open interest and the important drop in volume remove tailwinds from a deeper retracement.

However, spot should stay under pressure in light of today’s publication of US CPI and retail sales for the month of September.

Oct 13, 2017

UK: Heading towards the first rate rise in a decade - HSBC

In terms of UK’s near-term economic activity, things have picked up slightly in Q3: manufacturing indicators have improved and the service sector PMI

Germany: Economy growing strongly - ING

According to Carsten Brzeski, Analyst at ING, with a difficult new government coalition in the making for Germany, the economy is still doing what it