Blogs

ANZ/Roy Morgan survey gains for the 9th week in a row Edging back towards optimistic territory but still well below its longer run average Pic from ANZ: For bank trade ideas, check out eFX Plus

UK Times reports on what appears to be a round of a game of Chicken The Times report (may be gated)   is here GBP not doing a lot the past hour or so. 

Trump statement from the White House  – Says he will deploy active duty military personnel to US cities if cities and states won't act – is deploying thousands of military and civilian police to strop the rioting

Building approval data from NZ, still low in the month – nationwide shut in. For bank trade ideas, check out eFX Plus

NZ data  – import prices +0.5% q/q – export prices -0.2% q/q  For bank trade ideas, check out eFX Plus

AUD/USD continues to sit just under 0.6800 currently For bank trade ideas, check out eFX Plus The pair is trading little changed around 0.6790 at the moment as the RBA offered little in terms of anything new for traders and investors on the day.

The 1st day of June is a positive one The major indices are starting the week and month with gains on the day. In the European markets, the major indices closed higher on the day (with Germany off on holiday today)  

Approaches May 2019 swing high The USDCAD continues to trend lower. The pair has a 229 pip trading range so far today. The 22 day averages only 122 pips. There has been little in the way of corrective price action over the last 6 hours of trading. 

Down -$0.05 or 0.14% on the day The WTI crude oil futures are settling at $35.44 or down -$0.05 or -0.14%. The high for the day reached $35.90. The low extended to $34.27.

Major indices all higher on the day the broad market indices are trading at new session highs. The NASDAQ composite index just traded to a new high of 9547.44. That is up around 57 points or 0.6%. The S&P index traded to a high of 3055.01 up about 10 points or 0.34%.