Blogs

The S&P 500 rallied a bit during the trading session on Thursday but gave back the gains in order to form a bit of a shooting star.

Reuters with the report citing "three people familiar with the situation." – The sources declined to be identified given the sensitivity of the matter. Chinese doctors along with officials are part of the team sent to NK

Forex news for NY trading on April 24, 2020.   The US has some post coronavirus data come out today with durable goods orders and University of Michigan sentiment index both released.  

Dow posts a 3 day win streak. All 11 S&P sectors close higher The final numbers are showing: For the week, all 3 major indices closed lower with the NASDAQ outperforming relatively. The numbers for the week show:

There was some speculation that they would cut the rating S&P has affirmed Italy's rating at BBB.  They continue to keep the outlook negative.  

Death toll up by 2437   See here for global coronavirus case data

Whoops…. The headline earlier in the day read, "the US Post Office is a joke".  He added that he won't give any stimulus money unless they raise postal rates and cited a familiar target in Amazon (although Amazon is now starting to do more more their own delivery). 

June WTI up 3% The moves into the close lately have been nuts: After falling into negative territory moments before the settlement, the contract snapped back to $16.94.

More drama in the USO ETF The ETF closed yesterday at 9.05% above NAV. It's down moderately today but given that its holdings are now concentrated in longer-dated contracts, it be down more. It's at $2.59 after posting a NAV of $2.43 overnight.

What's next for the euro and Swiss franc For bank trade ideas, check out eFX Plus. For a limited time, . "The prevailing environment leaves us cautious on the outlook for EUR/CHF and we think that there is likely to be another test of 1.05 should market conditions remain uncertain. ," BofA adds.