The West Texas Intermediate Crude Oil market has continued to show a lot of resiliency, as we see buyers jump in and try to fill the gap at the $41 level.
Blogs
Gold Forecast: Continues to Carve Out Trading Range – 19 June 2020
Gold markets were very volatile during the trading session on Thursday, as we reached towards the $1750 level, but then pulled back rather significantly.
USD/IDR: Indonesian Rupiah Tests Resistance As Weekend Nears – 19 June 2020
Short term traders must be able to change their direction quickly.
Austria's Kurz: Hopes that agreement on EU recovery fund can be found in July
Comments by Austrian chancellor, Sebastian Kurz – But that will depend on the preparation – We need to discuss which countries should profit most, what it should be used for Austria seems to still be maintaining some reservations about the proposal and it'll be interesting to see how talks today go. As mentioned earlier in [&hellip
Eurozone April current account balance €14.4 billion vs €27.4 billion prior
Latest data released by the ECB – 19 June 2020 – €27.4 billion Slight delay in the release by the source. Similarly to March, exports and imports both took a noticeable hit in terms of flows as did primary income:
What impact will the witching hour have today?
Quadruple Witching Looking to trade around the witching hour? to learn more.
China says that US decoupling is not realistic or wise
Comments by the Chinese foreign ministry in response to Trump's recent remarks on the US keeping the option open to decouple from China – Arbitrarily cutting off these chains and changing economic laws is not realistic There's nothing much to the remarks above as China is just merely touting that this is but a storm […]
South Korea central bank says it has no plans to extend Fed swap lines further
South Korea says that the onshore dollar market looks stable now This is going to be an interesting space to watch in the coming months, as we see the Fed swap lines start to run its course in due time (most will run for at least 6 months).
Heads up: EU summit taking place later today
European leaders will be discussing on the recovery fund among other things Even then, there is all likelihood that the can will be kicked down the road once again at some point if member states cannot agree to the details on the proposal.
China says it plans to accelerate purchases of US farm goods – report
Bloomberg reports on the matter The report says that China plans to step up purchases of US farm goods to comply with the Phase One trade deal following the talks in Hawaii this week.