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Posted by Tango
on April 7, 2020, 6:55 am
A higher opening with a 1.80c range as 384 lots were bought. The market remains steady as the macro picture continues to react positively to signs that the CVirus is leveling. Among the factors that have impacted the market, including potential impediments to the movement of coffee, the equities market has been a contributor. Yesterday it appears that it was an example as the market rallied together with stock prices. Volume continues to be dominated by spreads and we continue to see relatively light volume moving prices erratically. Will 8:00 bring buying today?
All currencies are higher against the $ including the BRIC. USDMXN is 24.2302 -0.3964 (-1.6096%), USDCOP is 3,966.00 -13.36 (-0.3357%) and USDBRL which closed at 5.2859 is 5.1834 on the CME.
Bond futures continue to drop while equities are sharply higher. Gold is up $12 but has a high of almost $50 higher. Crude is higher and grains are most higher. The softs are all higher. upload