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<p>Asian markets are relatively quiet as another week starts. There is no follow through from Friday’s strong rally in the US. Trade data from China released over the weekend also provide little inspirations. There is also practically no reaction to the massive global “Black Lives Matter” protests, nor intensifying US-China

<p>The global financial markets were basically in euphoria last week. Lockdown restrictions continued to be eased. ECB provided more stimulus by expanding the crisis purchase program. Surprised growth in US and Canadian employment in May argue that the worst of coronavirus pandemic is already behind us. More importantly, investors seemed to b

<p>According to the CFTC Commitments of Traders report for the week ended June 2, NET LENGTH for crude oil futures rose +25 756 contracts to 568 330 for the week. Speculative long positions soared +27 938 contracts while shorts added +2 182 contracts. For refined oil products, NET LENGTH for gasoline declined -7 832 contracts […]

<p>As suggested in the CFTC Commitments of Traders report in the week ended June 2, NET LENGTH in USD Index fell -6 541 contracts to 8 258. Speculative long positions decreased -3 162 contracts and short positions were up +3 379 contracts. Concerning European currencies, NET LENGTH in EUR futures rose +6 018 contracts to […]

<p>Early in the second week of June, Brent remains in the “black” and looks rather promising. Last weekend, investors got some good news and are now responding to it. During the OPEC+ meeting that took place on Saturday, the cartel’s ministers agreed to expand the low oil output period for another month. It means that […]

<p>European stocks and US futures were slightly higher following small gains in Asia. Crude prices rose after the OPEC+ decided to extend output cuts by 1 month, while gold rebounded after its third weekly down close in as many weeks. It has been a slow start for FX, with the dollar rising against the likes […]

<p>The S&P 500 Futures remain on the upside after they jumped on an unexpected surge in May jobs on Friday. European indices are consolidating. The Eurozone Sentix Investor Confidence Index for June was released at -24.8 (vs -22.0 expected). The German Federal Statistical Office has reported April industrial production at -17.9% (-16.8%

<p>It’s a bullish signal for global stocks after a shockingly strong nonfarm payroll report suggest the trillions of dollars in economic assistance from the federal government and Fed is fueling a quicker rebound in hiring during the coronavirus pandemic. The world’s largest economy just grabbed the baton back and is leading the s

<p>The single European currency traded within the range of 1.5314/1.5065 against the Canadian during last week’s trading sessions. All things being equal, the EUR/CAD exchange rate will most likely continue to trade in the descending channel pattern. Bearish traders could target the lower boundary of the channel pattern at the 1.4821 ar

<p>Notes/Observations German Industrial Production missed expectations and registered its sharpest drop on record; decline expected to continue over the coming three months Optimism remains on a global recovery remain on front burner; China May retail auto sales rise for 1st time in almost a year Asia: China May Trade Balance registered a rec