Home EUR futures: extra gains appear limited

EUR futures: extra gains appear limited

Published date: 15 Jan. 2019 | 07:27

Open interest for EUR futures markets rose by just 358 contracts on Monday from Friday’s final 523,812 contracts, according to preliminary data from CME Group. Volume, instead, extended the downtrend and shrunk by around 52.4K contracts.

EUR/USD recover could lose momentum

EUR/USD is up for the second consecutive session, prolonging the recovery sparked in the first half of the week. However, the small uptick in open interest coupled with persistent drop in volume hints at the likelihood that the ongoing recovery is seen running out of fuel in the near term.

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