| Pre. Settlement | N/A |
| Settlement Date | 2020-05-27 |
| Open | 14.660 |
| Bid | 14.545 |
| Last Price | 14.676 |
| Day's Range | 14.410 - 14.670 |
| Volume | 2,615 |
| Ask | 14.565 |
Natural gas markets rolled over a bit during the trading session on Thursday, as we continue to bounce around the 1.70 level or so. Ultimately, I do think that this market probably continues to see a lot of pressure to the downside, because quite frankly we have more natural gas than we know what to do with.
The British pound has rallied significantly during the trading session on Thursday, to break above the 1.20 level. By doing so, it looks as if we are trying to make a significant turnaround. However, there is a lot of resistance in this region.
As the reality of life under quarantine in the age of coronavirus has crystalized, so has Big Tech’s top job in this new era: combatting a plague of misinformation. A tsunami of misinformation has indeed followed the spread of infection. Fake cures involving colloidal silver, vitamins, and essential oils, unfounded posts warning about the use of anti-inflammatory drugs, and false claims that drinking excessive amounts of water could ward off the disease are just a few examples.
The Australian dollar initially pulled back during the trading session on Thursday but then turned around to rally again and break the 0.60 level. Having said that, we are already starting to see the market give back some of those gains.
Someone had a conflict with another watch party that evening, while another had a scheduled FaceTime call with a family friend. Last year, before Covid-19 was a term everyone knew, Judith Shulevitz wrote in The Atlantic that Americans are working longer and more unpredictable hours that have blended into our family and personal lives, with disastrous consequences for our mental health and well-being.
Silver continues its upside move as market-wide risk appetite continues to increase.
The gold futures contract lost 1.65% on Wednesday, as it retraced some of its Monday’s – Tuesday’s rally after Sunday’s Fed unlimited Quantitative Easing announcement.
Silver markets initially shot higher during the trading session on Wednesday but gave back those gains to form a less than impressive candlestick. It looks as if the $15.00 level is in fact going to offer the resistance that I anticipated, and by doing so, hold the structure of the market in general.
The natural gas markets initially rally towards the $1.80 level before rolling over, as the market is likely to look at these large figures time and time again for direction.
Oil prices continue to show weakness as new virus containment measures are introduced around the world.
On Monday, March 23rd, the UK’s schools and childcare facilities for younger kids closed. From that day everyone was urged to stay at home except for food shopping, essential work, and very limited exercise, as the coronavirus pandemic swept through the nation.
Both the spot price and the price of physical silver have soared in recent days, though the spread between the two has not narrowed but rather widened.
The British pound rallied significantly during the trading session on Wednesday, reaching as high as the 1.20 level. However, that area has caused resistance and we have pulled back from it yet again.
The difference between spot prices and U.S. futures was likely to remain in place until either refineries reopened and transport resumed or Comex changed its rules to allow 400 ounce bars to be used to settle its contracts, said a banker at a major gold-trading bank.
Silver prices lose some ground as world markets try to evaluate the ultimate economic impact of virus containment measures.
The coronavirus aid bill is almost a done deal, and market attention shifts to medical and economic data.
Based on the early price action and the current price at 1.0812, the direction of the EUR/USD the rest of the session on Wednesday is likely to be determined by trader reaction to the steep uptrending Gann angle at 1.0796.
The MSCI Asia Pacific Index is set to notch back-to-back gains for the first time in nearly three weeks, following the US stock market’s best session in 12 years. However, with US equity futures now in the red, it reinforces the notion that risk appetite is still struggling to find a firm footing, and the advances in global equities remain tentative at best.
There are typically over 30 911 calls about traffic each day in San Francisco. On March 18th, there were 8.
Oil price weakness hurts the Canadian dollar which is unable to show any strength despite the risk-on mood in the world markets.
Stock markets rallied significantly on Tuesday as people started to focus on the stimulus coming out of the Federal Reserve. However, this is nothing short of a “bear market rally”, and therefore I would not be surprised at all to see selling coming in at the first chance.
Natural gas markets rallied a bit during the trading session on Tuesday, breaking above the $1.65 level early in the New York session. At this point, the market is experiencing a bit of a “relief rally.”
