Trial now
USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

COMMODITIES
COMMODITIES: Thursday saw Goldman Sachs release a note suggesting clients should
"go long copper, silver, steel and stay long gold. Investors should focus on
commodities that are both less exposed to areas with new outbreaks -- Asia and
Europe versus the Americas -- and less exposed in the event of an outbreak --
investment goods (capex commodities) versus consumption goods (opex
commodities). Further, commodities that are labour-intensive and produced in the
Americas are far more likely to see covid-related disruptions. An environment
where China, the world's largest retail buyer, outperforms the US is ideal for
gold, giving us greater conviction in our $2000/toz target.
- Long Brent, short WTI. To avoid the tension between short run weaker oil
fundamentals and upside risk from a falling dollar, a long Brent-WTI spread
trade gains exposure to a stronger recovery in Asia and Europe while avoiding
the direct downside gap risk created in the US market."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com