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Posted by Tango
on February 24, 2020, 9:56 am
Friday did not render a major change in the OI. There was obviously new buying and selling but also liquidation on both sides. Funds did not seem to be active on Friday or even the entire week. Today seems the same although pressure is present possibly by funds or others. There are bids present in May as well as in forwards beginning with Mar21. There is minimal forward selling. USDBRL is unquoted in the spot month and the CME is showing a value of 4.4343. 3,423.50 +45.50 (+1.35%).
The $Index has eased a bit and gold has retrieved slightly as well. Equities are still down substantially.