Coffee prices were depressed for a long time but have been rallying very strongly recently. The price has just broke $116 and is up 19% over the past month! This stunning rally is taking place despite weakness of the Brazilian real and one may wonder what happens if the BRL recovers. Technically one may notice a large reverse head-and-shoulders formation. Despite recent rally coffee price remains well below the decade average of $152.
• Second day of the Eurogroup and Ecofin meeting • Canadian employment figures expected to rebound in June There is not much data scheduled...
7:01 AMOil prices are moving down for a second day on concerning COVID data both from the US and Asia. The US saw number of new daily cases rise above 60k for...
6:25 AM• US indices finished yesterday's session mixed. S&P 500 lost 0.6% while Dow Jones dropped 1.4%. In contrast, Nasdaq rose 0.5% • Risk-on...
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