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Don't call it a comeback, but the Nasdaq 100 has now erased the entirety of the coronavirus sell-off, even as social unrest remains a concern.

Forex news for North American trade June 5, 2020: Markets: The mode in the market has been slowly flipping from fear to greed and a shock jump in US employment sent it into overdrive. USD/JPY jumped to 109.75 from 109.25 on the headlines and it stuck around there most of the day.

Forex futures positioning data for the week ending May 26, 2020 – EUR long 81K vs 75K long last week. Longs increased by 6K – GBP short 36K vs 22K short last week. Shorts increased by 14K Highlights:

US consumer credit for the month of April 2020 I guess people spend a lot going out for dinner and a movie…. For bank trade ideas, check out eFX Plus

UK Chancellor Sunak The London Financial Times is reporting that UK Chancellor of the Exchequer Sunak  is reportedly delaying is stimulus plan until the autumn.  The expectations for an emergency sellers budget have been lowered.  

Up $2.14 or 5.72%. Closes above the 100 day MA   The high price for the day reached $39.68. The low price extended to $37.05. Last Friday the price closed at $35.49. For the week the gain is $4.06 or 11.44%.

Dow, S&P best week in 2 months The major US stock indices closed sharply higher after the much better-than-expected employment report.  For the week, rotation into to Dow stocks was the storyline.

<p>U.S. Review Was April the Bottom? Data this week continued to suggest the U.S. economy hit rock bottom in April. Still, it is a long road to recovery and the pickup in economic activity will be gradual. In what was a surprising jobs report, the U.S. labor market added 2.5 million jobs in May and […]

<p>U.S. Highlights Investors appeared to shrug off some recent concerning developments, focusing instead on the reopening of the economy and nascent signs of growth. Economic data offered some support to this narrative. While jobless claims data had continued to point to a rise in unemployment, the May payrolls report showed a gain of 2.5 mil

<p>The surprise increase in employment in both Canada and the US in May added to a growing list of evidence that economic activity bottomed out in April, albeit after plumbing previously unthinkable depths. The gains themselves were unexpected, given the number of people collecting jobless benefits had continued to increase in both countries.