The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* Data a horror show, but we know it’s going to be, so almost irrelevant
– does it matter whether PMI or GDP -10 – 20 -30, it’s all about recovery
– so, markets ignored along with myself…
* Equities positive albeit off their highs post disappointing Gilead Science vaccine trial results
* Oil rallied 20%….in the old days that would be meaningful, but not off $16
* Commodity currencies buoyant with Kiwi spiking…