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Posted by Tango
on March 5, 2020, 6:48 am
Prices again began lower than the previous day’s close and at the lows of the morning session. Opening selling caused a 2.30c drop. There was an immediate rebound but the market then got heavy. It is now quiet and trying to recover. Yesterday, fund buying was insufficient to stop the persistent selling by longs, origin and others. Activity was present across the board in the form of outright selling and against physical postings. Commercial support is present only as related to options. Funds may still be buyers at 8:00 but it is uncertain. The market is searching for direction as all markets are affected by economic and trade slowdowns.
Key currencies are mostly higher and rendering a lower $Index. Most BRIC currencies are lower however including the Yuan. USDMXN is 19.6459 +0.117 (+0.60%), USDCOP is 3,476.00 +1.00 (+0.03%) and USDBRL which closed weak yesterday at 4.5847 is valued at 4.6044 today on the CME. Nagual would you happen to have fresh projections on the USDBRL? TIA
Bond futures are higher while equities are sharply lower. Gold and palladium are higher while crude is unchanged. Grains are lower as is cocoa. Sugar is unchanged while cotton is higher. how to make a baking soda face mask for acne