The US dollar initially tried to rally during the trading session on Wednesday but continues to find a bit of resistance near the ₹77.50 level.
Blogs
Silver Forecast: Showing Supportive Areas – 23 April 2020
Silver markets have rallied a bit during the trading session on Wednesday, as we have seen the $15 level offer a significant amount of support.
Gold Forecast: Finding Buyers Underneath – 23 April 2020
Gold markets rallied significantly during the trading session on Wednesday, as we have broken above the top of the hammer from the Tuesday session.
WTI Crude Oil Forecast: Offering Selling Opportunities Above – 23 April 2020
The West Texas Intermediate Crude Oil market gapped to the upside at the open on Wednesday, but then pulled back to try to fill that gap which of course it ended up doing so.
US weekly initial jobless claims 4427K vs 4500K expected
Jobless claims for the week ending April 18 This is essentially in-line with expectations. The US dollar is under some pressure as New York trading ramps up. There's no correlation between claims and the dollar in recent weeks.
It's an interesting day on the US economic calendar
Another 4.5 million jobless claims There's a lot of talk about how the stock market has rallied on every Thursday for the last month, even though the initial jobless claims numbers have been terrible. But what about the US dollar?
Swiss government now sees 2020 GDP down 6.7% compared to -1.5% previously
Swiss government out with new forecasts Forecasting is a fool's game right now. There was hardly an economist in the world that was remotely close to the PMI numbers in Europe that were just released. That said, there's this strong consensus among economists about big bounces in 2021 and a strong consensus from scientists that […]
ForexLive European FX news wrap: Euro slips as April PMI data craters
Forex news from the European trading session – 23 April 2020 Headlines: Markets: – NZD leads, EUR, CHF lag on the day – European equities mixed; E-minis down 0.1%
Oil fundamentals mean negative prices may recur – Goldman Sachs
Goldman Sachs' global head of commodities research, Jeff Currie, spoke to Bloomberg TV earlier – Oil fundamentals mean negative prices may recur – The worst of oil demand loss is likely behind us See here for global coronavirus case data
Armageddon in the oil market reportedly cost Bank of China customers $85 million
A painful lesson for retail investors These things were marketed with names like "crude oil treasure" before the Bank of China joined other major institutions to suspend trading and sales of such products after the wipeout in the market saw oil prices turn negative in the May futures contract.