Oil Left Joyless on Good Friday as Mexico Waves off OPEC+ Deal
Oil markets sceptical over OPEC+ production cuts Demand destruction calls for immediate supply intervention Asian stocks mixed amid holiday-hit volumes Moderating Dollar sends Asian currencies, Gold higher US earnings season, economic data to test bull market Brent fell by 4.1...
Oil-Related Currencies Decline, OPEC+ Has Yet to Reach an Agreement and Status of Friday’s Meeting Unclear
Asia Market Update: Asian markets trade mixed with many countries closed for holiday; Oil-related currencies decline, OPEC+ has yet to reach an agreement and the status of Friday’s meeting is not clear; China inflation eases more than expected. General Trend:...
The Fed Goes Nuclear: Part II
The Federal Reserve announced a series of measures this morning that are intended to assist households, businesses and state & local governments as they cope with the economic fallout of the COVID-19 outbreak. The Fed estimates that the programs will...
Don’t Fight the Fed!
How many times have you heard the saying “Don’t Fight the Fed”? Over the course of the last month, the Fed has taken very aggressive actions to help fight off the economic effects of the coronavirus. Some of which include:...
Oil Firms As OPEC Hypes Deal, Stocks Cheer
Hopes for a production-cut deal by OPEC today catapult oil higher Deal will likely get done, yet any positive reaction in oil may be short lived Stocks climb with crude, but watch out for US jobless claims today Euro will...
Pound Wobbles But Steadier as Johnson Still in Intensive Care
The pound has bounced back from the lows it brushed soon after news broke that the UK prime minister, Boris Johnson, has been moved to intensive care a day after being hospitalized for continuing to show symptoms of the coronavirus....
US Jobless Claims To Show Pain, But Dollar Might Like That
In America, the spotlight will be on Thursday’s weekly jobless claims and consumer confidence numbers, which will reveal how quickly unemployment is rising and how badly the consumer has been hit. Contrary to conventional wisdom though, a disappointing set of...
Optimism Persists That The Coronavirus Outbreak May Be Slowing In Key Hot Spots
Notes/Observations Optimism persists that the coronavirus outbreak may be slowing in key hot spots Eurogroup later today with focus on whether member States can achieve solidarity on the necessary measures to address the economic impact of the virus outbreak Asia:...
Investors Buoyed As Europe Turns A Corner
A strong start again on Tuesday, as investors grow increasingly optimistic that the continent has turned a corner in the fight against the coronavirus. There are really encouraging signs that the worst hit countries in Europe are seeing significant improvements,...
Tentative Tuesday As Tokyo Unleashes Fiscal Package
Financial markets in Asia are mostly in the green today as the v-shaped desperado rally starting in the region yesterday, continued its momentum overnight and into this morning. Falling infection and death rates from COVID-19 in the worst of the...
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