CME Group’s flash data for GBP futures markets saw investors adding around 2.5K contracts to their open interest positions on Thursday, reversing two previous pullbacks. In addition, volume rose markedly by nearly 76.8K contracts. GBP/USD now looks to 1.2413, 55-day SMA Cable rebounded sharply on Thursday in response to positive headlines from the Brexit front regarding the key Irish backstop. Rising open interest and volume amidst positive price action allows for the continuation of the squeeze higher in the near term at least. There are no significant hurdles until the area above 1.2400 the figure, where sits the 55-day SMA. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: Focus on Fed’s Powell and a bout of Brexit hope FX Street 4 years CME Group's flash data for GBP futures markets saw investors adding around 2.5K contracts to their open interest positions on Thursday, reversing two previous pullbacks. In addition, volume rose markedly by nearly 76.8K contracts. GBP/USD now looks to 1.2413, 55-day SMA Cable rebounded sharply on Thursday in response to positive headlines from the Brexit front regarding the key Irish backstop. Rising open interest and volume amidst positive price action allows for the continuation of the squeeze higher in the near term at least. There are no significant hurdles until the area above 1.2400 the figure, where sits the 55-day SMA. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
