Bounceback Friday

Fri, May 22, 2020 - 11:56am

After the outrageous cap-and-smash of Tuesday through Thursday, it's nice to see prices back in the green today. However, keep in mind that Monday is a U.S. market holiday and Tuesday will bring Jun2o gold option expiration.

So what I'm saying week will bring its own set of challenges. We'll have to navigate Comex option expiry, the Jun20 gold going off the board and then month-end LBMA option expiry, too. Once that's behind us, the stage will be set for a very interesting June.

And why will June be interesting? First of all, we'll have about a month of data as...

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Key Economic Events Week of 5/3

5/3 9:45 ET Markit manu PMI
5/3 10:00 ET ISM manu PMI
5/3 10:00 ET Construction Spending
5/3 2:20 ET Chief Goon Powell
5/4 8:30 ET US Trade Deficit
5/4 8:30 ET Factory Orders
5/4 1:00 ET Goons Daly and Kashnkari
5/5 8:15 ET ADP jobs report
5/5 9:45 ET Markit service PMI
5/5 10:00 ET ISM service PMI
5/5 12:00 ET Goon Mester
5/6 8:30 ET Productivity and Labor Costs
5/6 10:00 ET Goon Kaplan
5/7 8:30 ET BLSBS

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