Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Posted by Tango
on March 26, 2020, 10:27 am
May liquidations picks up speed in the form of EFP/EFS, spreads and short covering with long liquidation, as we approach notice season. Trade will be happy to deliver at the premium offered by the MayJul but will the longs want delivery? Today the market is finding the 130.00 general area to be a hurdle. USDBRL is 4.989 -0.0463 (-0.9195%) and USDCOP is 4,000.75 -63.25 (-1.5563%). Investors are reacting with optimism with the new 2trillion $ stimulus bill. But is stimulation what we need or is it more proactive measures to deal with the virus?