Filtered by date: 30.04.2020. Clear
  • EU Data: Two weeks of Lockdown and -3.8% of GDP Decline in 1Q

    Recession in 2020 will go down in history as a deliberate economic sacrifice of governments in exchange of greatly reduced uncertainty.

  • USD Sinks On Dovish FOMC & GDP Plunge

    Fed Sounds The Alarm At the April FOMC meeting held yesterday, the Fed held no punches in warning the market over the severity of the economic threat from COVID-19. As per the market’s expectations, in line with the massive, historic moves announced by the fed over the prior month, no further adjustments were made to […]

  • The Crude Chronicles – Episode 36

    Crude Long Positions Building The CFTC COT positioning report showed that large speculators and hedge-funds (non-commercials) increased their positions in WTI last week by 76,511 contracts to a total position of 587,180 contracts. This brings the net long position back up to its highest level in over 18 months despite the recent rout in oil […]

  • Chart of The Day EURJPY

    Chart of the Day EURJPY EURJPY Bullish – Probable Price Path The Fed has essentially put further policy adjustments on hold as it shifts toward monitoring conditions. During this phase, Fed Chair Jerome Powell made clear the limits on further Fed policy actions but noted the FOMC’s preparedness, if not the likelihood, that it will […]

  • Daily Market Outlook, April 30, 2020 

    Daily Market Outlook, April 30, 2020  The global equity market has risen strongly (S&P500 +3% yesterday) after news that Gilead Sciences’ remdesivir drug had shown positive results in government-run trials. Risk sensitive currencies have outperformed, with the NZD leading the way in the G10, and commodity prices have increased.  The big news has been that […]

  • Will the AUD/USD Drop?

    Today we review the potential future of Australian and Canadian dollars, and American stock index S&P500.

  • Tickmill’s Investing Diva, EURUSD Daily Outlook 30-04-20

    Catch up on all the latest updates on global markets by following Tickmill’s Investing Diva Daily Market Outlook.

  • Daily Commodity Outlook, April 30, 2020 

    Asian stocks rose on the final day of the month amid optimism from the Covic-19 progress. S&P ended over 2.5% higher to a seven-week high. Gilead announced that its experimental drug helped Covic-19 patients recover faster. Japanese shares climbed more than 1.5% with Nasdaq futures advanced after results from Microsoft CorpFacebook and Tesla all printed […]

  • ECB Meeting preview: Wrong Words in a Wrong Time

    The April ECB meeting has all chances to become a factor of support for EURUSD.

  • Iran Satellite Launch Raises Risks

    Following a flaring up of tensions between the US and Iran over the last two weeks, rhetoric seems to have calmed down a little this week, which has been a boost for risk markets. Last week, the prospect of conflict between the two nations spiked higher amidst increasingly aggressive rhetoric between the two nations. A […]

  • Chart of the Day USDCHF

    Chart of the Day USDCHF USDCHF Bearish – Probable Price Path Global risk appetite wavered yesterday with Wall Street surrendering early gains to close lower. Covid-19 infections crossed 1 million cases in the US, and President Trump has signed an executive order to require meat-processing plants to stay open. US earnings picture was also mixed […]

  • Daily Market Outlook, April 29, 2020

    Daily Market Outlook, April 28, 2020  Asian equities are up this morning, despite a mixed performance yesterday on Wall Street, as ‘risk on’ continues to be the prevailing mood in the market. The oil price is modestly higher with Brent crude around $21bbl. France has outlined a plan to gradually ease lockdown restrictions from 11th […]

  • Daily Commodity Outlook, April 29, 2020 

    Stocks in Asia edged higher with U.S. equity futures as earning continued to roll in. The dollar maintained this week’s decline. Nasdaq futures climbed after Alphabet Inc. reported better-than-expected sales. On Wednesday night, U.S. equities saw a volatile session Tuesday with mega-cap tech stocks retreating amid a slide in consumer confidence and as more companies […]

  • Tickmill’s Investing Diva, USDJPY Daily Outlook 29-04-20

    Catch up on all the latest updates on global markets by following Tickmill’s Investing Diva Daily Market Outlook.

  • UK PM Returns Following COVID-19 Recovery

    UK Lock-down Adjustments Coming Boris Johnson’s return to office this week, following two weeks of recovery from COVID-19, during which time Dominic Raab deputised for him, marks a significant step in the UK’s journey back from the depths of lock-down hell. Despite the UK officially being under stay-at-home orders until May 7th, there has been […]