(29 MAY 2020)DAILY MARKET BRIEF 2:Euro up.

WTI crude sputters following the surprise buildup in US oil inventories last week. The latest EIA data showed that the US stockpiles increased by 7.9 million barrels last week, versus a 2.5-mio barrel decrease penciled in by analysts, denting the appetite on lower-supply / better-demand dynamic. Top sellers are waiting in ambush near $35 per barrel. We could possibly see another retreat toward the $32/30 support zone.

In the FX, the US dollar plunged as safe haven capital flew toward the yen, Swiss franc and gold.