Blogs

<p>OPEC ministers will gather in front of their computer screens for the cartel’s video conference on Saturday in a meeting that has been brought forward from its scheduled 9 June date, most likely to avoid data showing poor compliance with the most recent set of production curbs. Saudi Arabia and Russia have reportedly reached an […]

<p>In what was the economic shocker of the week, the US added 2.5 million jobs in May while Canada added 289.6K!  Both were expected to be negative!  Despite China taking a back seat in the news to protests across the US regarding police brutality towards George Floyd in Minneapolis, the S&P 500 managed to climb […]

<p>The US Dollar was bearish against most of its major pairs on Friday with the exception of the CHF, JPY and EUR. On the economic data front, Change in Nonfarm Payrolls jumped to 2,509K on month in May (-7,500K expected), from a revised -20,687K in April, marking a record high. The Unemployment Rate unexpectedly decreased […]

The steady decline in Gold prices (futures on Comex) accelerated on Friday, as the rates closed the week below the 1700 mark for the first time in thr

USD/JPY is trading off the June’s highs just below the 109.75 resistance. As bulls remain in charge above the main SMAs on the four-hour chart, a break of the

Australia CFTC AUD NC Net Positions declined to $-41K from previous $-40K

United States CFTC S&P 500 NC Net Positions increased to $-225.8K from previous $-276.7K

United States CFTC Gold NC Net Positions down to $219K from previous $237.9K

United States CFTC Oil NC Net Positions: 568.3K vs 542.6K

Japan CFTC JPY NC Net Positions: ¥32.6K vs previous ¥34.6K