06/05/2020

OMF Markets Daily Commentary Report

Written by omf-markets
Home Education Articles OMF Markets Daily Commentary Report

The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.

HEADLINES

* Oil rise helps boost risk appetite which sees Equities “sailing away”
– will be one of the great talking points, how Equities defied Covid-19!!
– WTI over $24 as demand / supply gap closing as economies begin re-opening

* NZD and AUD unable to push on as both range trading at the moment….
– NZD 0.6020/80, expect RBNZ Monetary Policy Statement next week, will offer reasons for further weakness

* EUR fell…

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