Blogs

The scope for higher EUR/USD remains intact over the next 4-5 months if the ‘Next Generation EU’ debt deal eventually comes into fruition, according t

<p><strong>The UK government is disappointed</strong>, with Downing Street sources cited by the <a href="https://www.theguardian.com/politics/2020/jun/07/brexit-uk-fears-eu-chief-negotiator-has-lost-grip-on-fishing-talks">Guardian saying</a> that the decision by EU fisheries ministers not to change course on

<p>The jobs report was a massive shocker and the upside beat supported the increasingly bullish tone on Wall Street over the past month. With the markets bracing for a 20% jobless rate and an -8 mln decline in nonfarm payrolls (Action Economics Survey median estimates), the markets were shocked as the unemployment rate fell to […]

<h1>Commitments of Traders</h1> <p>Referring to the CFTC Traders Commitments report for the week ended June 2, net purchases of crude oil futures rose +25,756 contracts to 568,330 for this week. Speculative buying positions surged by +27,938 contracts while sales added +2,182 contracts. For refined oil products, net purchases for

<p><em>China’s exports and imports declined in May amid the corona virus pandemic, while trade friction with the US is weighing on demand, both at home and abroad.</em></p> <p>China’s trade surplus widened sharply to $62.93 billion in May 2020 from $41.20 billion in the same month a year earlier and well ab