DOE crude oil inventories The numbers are showing: Overall better demand this week and lower builds/supply. WTI crude oil futures are trading around $24.00 or -2.4%. The high price reached $26.08 while the low extended to $22.58 and volatile trading.
Blogs
EURAUD Downside Bias in Place, But Keep A Close Eye On Risk Tone
EURAUD downside bias EURAUD downside bias remains in place, but that could switch to EURUSD if risk tone turns fully off. Interested in what's moving the Euro right now?
China could have prevented the deaths of hundreds of thousands of people
US Sec. of State Pompeo The rhetoric against China is increasing, and we can expect going forward that the Trump administration will continue to encourage, if not mandate, US companies from being dependent on China for supply chains, citing national security.
ECB's Villeroy: Our determination for the future to deliver on that mandate is total
ECB's Villeroy is speaking See here for global coronavirus case data
Germany's Merkel: we have 1st phase of coronavirus pandemic behind us
… But still at start Germany's Merkel is on the wires saying: See here for global coronavirus case data
US quarterly refunding $96 billion. Higher than expectations
Borrowing needs have increased substantially due to the federal government's response to Covid 19 outbreak The US treasury is out with its US quarterly refunding numbers
Fed's Bullard: We've been successful with the Fed program so far
Speaking on CNBC See here for global coronavirus case data
ADP employment change for April -20.263M vs -21.00M
ADP employment change – employment change -20.236M vs -21.00M estimate – prior month revised to -149K vs -27K last month – small (less than 50 employees) -6 million The chart will never b him hime the same again….
ADP employment change for April expected show a huge -21 million fall
US shut down impacting jobs in a big way this month the ADP employment change for April will be released at 8:15 AM ET/1215 GMT. The estimate is for a decline of 21 million versus -27,000 last month.
ForexLive European FX news wrap: Currencies mixed, US futures keep higher
Forex news from the European trading session – 6 May 2020 Headlines: Headlines: – JPY leads, GBP lags on the day – European equities mixed; E-minis up 0.7%