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CFTC commitments of traders. EUR longs increase.

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:
Jun 5, 2020 Read more

US consumer credit -$68.78 billion vs. $-20 billion estimate

US consumer credit for the month of April 2020 For bank trade ideas, check out eFX Plus
Jun 5, 2020 Read more

FT: Stimulus plans put off into the autumn in the UK

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.  
Jun 5, 2020 Read more

WTI crude oil futures settle at $39.55

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%.
Jun 5, 2020 Read more

GBPUSD tests support at 200 day MA and trend line

200 day MAat 1.2664. Trend line at 1.2657. The GBPUSD has moved back down to test the 200 day MA at 1.26643 and the rising trend line on the hourly chart at 1.2657.   A move below will have traders looking toward the 38.2% at 1.26422. Below that is the 50% and swing high from Wednesday at
Jun 5, 2020 Read more

Fed cuts daily Treasury purchases to $4B from $4.5B

Fed continues the taper This is still a massive amount of bond buying. At $4B per business day, it's around $88B per month, which is more than double the pace of QE3, which was $40B/month.
Jun 5, 2020 Read more

Caution in FX still warranted but staying long EUR/CHF - Credit Agricole

Can EUR/CHF get to 1.15 Credit Agricole Research "While easing lockdown restrictions around the globe should help to trigger further stabilising fundamentals, overall risk sentiment may well continue to improve for now. However,.
Jun 5, 2020 Read more

Cristobal strengthens to tropical storm

NHC sees storm strengthening Tropical depression Cristobal has now strengthened into tropical storm Cristobal. The storm is headed straight north from the Yucatan peninsula into the gulf of Mexico, headed for the coast somewhere between Louisiana and Florida on the weekend.
Jun 5, 2020 Read more

The "V" is complete in the NASDAQ index. New all-time highs for the index.

New all time high for the Nasdaq index above 9838.37 The "V" is complete in the Nasdaq index. The price just traded to a new all-time high price. The February 19, 2020 high reached 9838.37. 
Jun 5, 2020 Read more

Baker Hughes oil rigs down to the 206 from 222 last week

Baker Hughes rig count down for the 13th week in a row The Baker Hughes is out for the current week : For bank trade ideas, check out eFX Plus
Jun 5, 2020 Read more

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