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Posted by Tango
on June 5, 2020, 6:44 am
Selling was present early in the day but, like yesterday, the market continues to show an attempt to recover to above 98.00. Volume shrunk yesterday to 34,335 lots but the heavyness that we have been seeing continued. The depth of market is balanced for about 2 cents either way. The buying and selling that we see throughout the day is mostly spontaneous. Although funds have been selling, there has been spec buying as well. 8:00 will likely bring a mixture of interest this Friday morning.
BRIC and key currencies are mixed rendering a higher $Index. USDMXN is 21.8018 -0.1262 (-0.5755%), USDCOP is 3,585.25 +4.95 (+0.14%) and USDBRL is 5.0666 on the CME vs a close of 5.1184 in the spot market, -.0518 or -1.01%.
Bond futures are sliding while equities are sharply higher. Metals are lower while crude is higher. Grains are higher and the softs are all higher.