EUR futures: stays negative ahead of ECB

According to CME Group’s flash data for EUR futures markets, open interest rose marginally by 675 contracts on Wednesday vs. Tuesday’s final 568,158 contracts. On the opposite side, volume decreased significantly by more than 106K contracts, reverting 2 consecutive advances.

EUR/USD still targets 1.2200/1.2165, ECB key

EUR/USD is alternating gains with losses during the European morning following four consecutive daily pullbacks. Some decent support emerged today around 1.2260, as investors seem to be waiting for the release of the ECB minutes for near term direction. The important drop in volume yesterday removed some downside pressure against the backdrop of a somewhat steady activity in open interest.