Blogs

A look ahead to Friday's trade Optimism has been the theme of the week in global markets as China-US tensions are brushed off once again. Economic data wasn't a market mover today but at some point that will change, and tomorrow is as good of a day as any. That's because there are some top-tier […]

Rebound from earlier selling WTI crude fell as low as $31.14 today which would have been the lowest close since May 15, but it stormed back to finish at $33.71.

Johns Hopkins count got wide coverage earlier today The CDC reports 1415 new US coronavirus cases yesterday to bring the total to 100,446 deaths. The also report 19,680 new cases.

TD on the state of play in FX Equity flows are an increasingly large driver of the FX market, something TD touches on today: ", leaving risk assets vulnerable to a shift in sentiment. That's also the reflection of the currency market where the BDXY has lost about 5% off the highs," TD notes. 

Best levels of the day The S&P 500 has extended today's gain to 1% in the third day of gains. The index fell to flat shortly after the open but has steadily climbed from there.

Divergence at Comex continues to reverberate Gold trading banks are preparing to significantly reduce their positions on CME Group's Comex exchange in New York, nine people familiar with the plans told Reuters in a today.

Another tail That's a fairly big miss and follows the tail yesterday. It's tough to draw any conclusions but with stock markets going higher it may be a sign that the bond market may soon do the same (if the Fed lets it).

That's when the money runs out Optimism is high and equity markets are riding high but today's was a reminder of what's to come. jobless claims data Another 2.1 million Americans filed for unemployment insurance in the week that ended May 24, a reminder that the US is still bleeding. Continuing claims fell to 21 […]

Another day of big gains in Europe See here for global coronavirus case data

Weekly petroleum inventories: That's a big build but it was largely foreshadowed by the API report late yesterday. Oil is under some modest pressure and down 37-cents on the day to $32.44. API numbers from late yesterday: