Saudi Arabia's finance ministry statement detailing government revenues, expenditures and more. Plunging oil revenue, of course. Unless there is some recovery Q2 will be much worse.
Blogs
2 reasons Brexit trade negotiations between the EU & UK are bogged down
An update on where Brexit is at, specifically trade talks between the European Union and the UK – coronavirus delays and fundamental difference between the two are the issues.
Australia CPI data due at 0130GMT – preview
Due on Wednesday 29 April 2020 at 11.30am Sydney time, 0130GMT I posted Headline: Core inflation: Trimmed mean & Weighted median thoughts from ANZ here
NZD/USD testing its overnight high
New Zealand reported a solid exports performance earlier: NZD is testing higher now: AUD is following along a little behind. The event today for AUD is CPI for Q1, although its a not too much of a focus since coronavirus developments since.
North Korea has extended its COVID-19 national emergency to the end of the year
R with the report, an unnamed source adio Free Asia – a senior official in North Pyongan province, who requested anonymity due to fear of reprisal "On the 23rd, the Central Party ordered the provincial quarantine command to extend the national emergency quarantine posture through the end of the year"
Dollar weakness still the key theme to start the European morning
The dollar is down across the board See here for global coronavirus case data The dollar is down at around session lows currently, as we see AUD/USD rise to a high of 0.6540 and inching closer towards a test of the 100-day MA (red line) @ 0.6570.
Major indices give up earlier gains and close lower on the day
Nasdaq under pressure ahead of the Big 5 earnings As mentioned in prior posts today, Alphabet, Amazon, Facebook, Microsoft and Facebook will all report earnings this week. In advance of those risk events, market traders took profits selling each lower on the day. If you were to add Netflix to the mix (they reported last […]
Gold lower for the 3rd day in a row but bounces off intraday trend line support
Bounced off trend line support The price of gold is lower for the 3rd day in a row, moving to an intraday low of $1692.59. The current price is at $1707. The high price reached $1714.49.
Crude oil futures settle at $12.34
Down $0.44 or -3.44% The July contract settled at $17.60, down -$0.48. USO announced on Monday, that it would liquidate all June WTI exposure that has put pressure on the that contract.
The Mexican peso is setting up for a massive move
This is an interesting chart If you like charts, you have to like USD/MXN. The peso is the second-best performing global currency today, trailing only the Brazilian real.