European Commission says J&J vaccine deliveries face a temporary reduction but expects deliveries to increase again soon
The bloc reaffirms that based on information coming from pharmaceutical companies, they expect enough vaccine deliveries to reach 70% goal of having its adult population vaccinated by the summer.

A look at seasonal trends in the forex market for June 2021
June will begin after a long weekend in the US as we turn the calendar Tuesday with an OPEC meeting that could set the table for crude and commodity currencies. In the bigger picture, economic data and central banks are growing drivers in the

Forex news for North American trade on May 28, 2021:
Markets:
– Gold up $8 to $1904
– WTI crude oil down 21-cents to $66.64
– US 10-year yields down 1.1 bps to 1.59%
Month end took the FX market for a bit of a ride again. There was heavy dollar buying right at the start of US trade with

Meme stocks had a big turnaround
Shares of AMC went for a wild ride today in the latest meme stock mania. The company closed Thursday at $26.75 then soared to $36.72 at the open before turning around to finish 1.5% lower at $26.12.

Weekly futures forex positioning data from the CFTC:
The pound was the top performer this month in the G10 space and it got a bit of late-month love from speculators as the net position grew to the largest since early March. The high for the year was +36K in March.

A look at FX monthly performance and the chart
The pound was easily the best performer this month gaining 2.68% against the US dollar, followed by CAD and CHF. The yen was the laggard, down 0.45% and AUD was the only other G10 currency down against the dollar.

WTI crude oil down on the day
WTI crude oil finished the day down 53-cents to $66.32. It had risen as high as $67.52.
On the week, oil was up 4.3%.
Technically though, this is looking like another failure to break to new highs. The OPEC+ decision is coming up on Tuesday and that’s the next big driver,

The pair sits near the lows for the day as the dollar holds a slight advance
The dollar is posting a slight advance once again ahead of North American trading, with EUR/USD now trading back towards the lows around 1.2174.

European stocks keep higher, US futures also holding to gains
The risk mood is keeping firmer across the board in European trading, with not much to really spook investors yet perhaps.

All awaiting the US PCE data later today
The market moves so far today have been tentative at best. While the dollar has pared most of its advance against some major currencies, it is still holding slight gains against commodity currencies at the moment – though nothing too significant.