Blogs

New week highs at 2929.40. As the week works toward the close, the S&P index is making new session highs at 2929.40. The index is still below its last week's high at 2954.86.

<p>As suggested in the CFTC Commitments of Traders report in the week ended May 5, NET LENGTH in USD Index added +337 contracts to 16 425. Speculative long positions dropped -1 556 contracts and short positions were down -1 893 contracts. Concerning European currencies, NET LENGTH in EUR futures fell -3 382 contracts to 76 […]

<p>WTI crude oil price continued to recover last week as increase in US inventory decelerated. The market also anticipated that demand would gradually improve amidst signs of stabilization in the coronavirus pandemic. However, caution is still warranted as storage at  Cushing, the delivery point of WTI crude oil, is approaching full capacity.

<p>U.S. Review April Employment Plummets April nonfarm payrolls confirmed what we already knew—the labor market is collapsing. By the survey week of April 12, net employment had fallen by 20,500,000 jobs. The unemployment rate jumped 10.3 percentage points to 14.7%, the highest since World War II, but the BLS suggested the true rate was near

<p>U.S. Highlights The start of May ushered in a barrage of sour data reports. The list included a plunge in April vehicle sales and service-sector activity falling into deep contractionary territory as indicated by the ISM non-manufacturing index. The most-anticipated report of the week, the jobs report, showed that U.S. payrolls plunged by

<p>Economic numbers are confirming the atrocious-looking decline in economic activity in April – the first full month of social/physical distancing restrictions in a wide swath of advanced economies, including Canada and the US. Yet, as the extent of damage to the economy becomes apparent, focus is shifting to what the recovery will look like

<p>Aside from cautious reopenings around the world because of the coronavirus, the main economic focus entering last week was the US Non-Farm Payroll data.  Although the staggering number of jobs lost was 20,500,000, the markets seemed to take the numbers in stride as the data was near expectations. In addition to the payroll data,  Germany’s

<p>It seems financial markets continue to ignore the terrible economic data and focus on hopes that the economy will see a rapid turnaround.  With over 85% of companies in the S&P 500 done with earnings season, Wall Street will remain fixated with efforts to reopen the economy and the spread of the virus.  If additional […]

The US Dollar Index (DXY) end the week in gains but dropped below the 100.00 psychological mark The index is still holding above the main SMAs on the weekly ti

United States CFTC USD NC Net Positions dipped from previous $-192.7K to $-222.4K