Considering advanced prints from CME Group for crude oil futures markets, open interest rose by around 19.5K contracts after three consecutive daily p
ullbacks on Tuesday. Volume followed suit and went up by nearly 20K contracts, reversing at the same time three straight daily drops.charted decent gains on Tuesday following many sessions of losses. The daily uptick was accompanied by increasing open interest and volume and leaves the door open to the continuation of the recovery in the very near term. On the upside, the commodity continues to target the 2023 high around the $95.00 mark per barrel.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD remains on the defensive around 1.0470 amid a US Dollar upside consolidation. The pair's rebound appears capped by firmer US Treasury bond yields, in the face of hawkish Fed bets. Traders look to ECB Lagarde's speech and EU data ahead of the US ADP jobs report. GBP/USD is consolidating in a narrow band below 1.2100 in the European morning on Wednesday.
Gold dived to a near seven-month low on Tuesday and recorded losses for the seventh straight day – its longest losing streak since August 2022. The yellow metal found some support near the $1,815 region, though it struggled to gain any meaningful traction and remained on the defensive.Yield Protocol announces decision to shutter its operations. The closure of the lending platform comes as a result of weak demand and increased regulatory scrutiny.
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