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Posted by Tango
on June 22, 2020, 6:25 am
Buying was present at the bell but selling ensued. Prices are near the morning’s lows and in a narrow range. Pressure continues and although July has become less of a factor, selling is expected at 8:00 from funds and support will come from other specs and commercials. On Friday, the market remained in a narrow range with elevated spread volume, and EFP/EFS postings as physical traders bypass the ICE delivery process.
The $Index is lower as key currencies are mostly higher while BRIC currencies are mostly lower. USDMXN is 22.5361 -0.0967 (-0.4273%), USDCOP is unchanged at 3743.75 and USDBRL on the CME is unchanged from the spot close at 5.3105.
Bond futures are are flat and unchanged while equities are higher. Metals are higher while crude and grains are lower. Softs are all lower. view high quality photos facebook