Monday is a holiday for the UK and US In any case, just be mindful of this as it could lead to more prominent position covering in the session ahead and also thinner liquidity conditions at the start of trading next week.
Blogs
Japan's Aso: It won't be enough for Japan to contain the virus, other nations must do so too
Japan finance minister, Taro Aso, remarks – Otherwise, exports and inbound tourism may struggle to recover This doesn't just apply to Japan, but pretty much everywhere else. In any case, there will be a time when countries will be rewarded for doing well in containing the coronavirus outbreak and that is likely to be evident […]
George Soros: Coronavirus damage to Eurozone economy will last longer than most people think
Some remarks on the euro area by Soros – The survival of the EU is being challenged – This is not a theoretical possibility; it may be a tragic reality – EU needs to consider perpetual bonds, otherwise it may not survive See here for global coronavirus case data
Helicopter money keeping NZDUSD downside muted
NZDUSD downside limited Looking to trade today? to learn more. See here for global coronavirus case data
Risk sentiment sours as US-China tensions rise
US-China tensions rise EG. Looking to trade the risk off tones? to learn more. See here for global coronavirus case data
The Hang Seng index posts its biggest daily percentage drop since July 2015
Hang Seng closes down by 5.56% on the day That marks the lowest close in the index since 24 March, with the percentage decline being the largest since July 2015. This is coming on the back of increasing geopolitical tensions between Hong Kong and China as the latter looks to impose new security laws in […]
China reaffirms that Hong Kong national security is purely an internal affair
Comments by the Chinese foreign ministry – No other country has the right to interfere in Hong Kong Nothing new from China here, but the fact that they are being extremely vocal about it – especially today – continues to stoke geopolitical tensions surrounding the situation.
Major indices end mixed. 2nd weekly gain in 3 weeks for the major indices
Major indices close near session highs The major indices are closing near the session highs for the day. The final numbers are showing For the trading week:
CFTC commitments of traders. Net dollar buyers in the net speculative futures positions this week
Forex futures positioning data for the week ending May 19,2020 – EUR long 72K vs 78K long last week. Longs trimmed by 6K – GBP short 19K vs 14K short last week. Shorts increased by 5K
WTI crude oil futures settle at $33.25
Down -$067 or 1.98% The price of WTI crude oil futures are settling at $33.25 or -$0.67 or -1.98% on the day. The low for the day reached $30.72. The high extended to $34.00. Rising demand is starting to put a bid under the price. However, for the day, the price moved lower as concerns […]