News

CTAs will continue to sell crude and industrial metals (x-copper) in most scenarios for prices by this time next week. In the imminent term, CTA selling activity will continue to weigh on price action into the OPEC meeting, TDS’ Senior Commodity Strategist Daniel Ghali notes.

Colombia National Jobless Rate down to 8.8% in April from previous 9.6%

United States Michigan Consumer Expectations Index registered at 47.9 above expectations (46.5) in May

United States UoM 5-year Consumer Inflation Expectation came in at 4.2% below forecasts (4.6%) in May

This is one of those moments where Gold markets are offering a gift, TDS’ Senior Commodity Strategist Daniel Ghali notes.

United States UoM 1-year Consumer Inflation Expectations below expectations (7.3%) in May: Actual (6.6%)

United States Chicago PMI registered at 40.5, below expectations (45) in May

The S&P 500 failed to extend advance – are bears taking over again?

Elliott Wave Forecast suggests ITC remains in a bullish cycle with further upside ahead as long as key levels hold.

United States UoM 1-year Consumer Inflation Expectations below expectations (7.3%) in May: Actual (6.6%)