<p>Monday’s historic crash in the May contract of crude oil futures brought prices previously thought to be impossible. Negative prices meant traders taking delivery of crude oil in May would have to pay to get rid of it. However, the more than 100% decline in the May contract doesn’t tell the entire story, as the […]
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What Caused Oil Prices To Turn Negative?
<h2>COVID-19 Creating Historic Market Conditions</h2> <p>The COVID-19 crisis which has dominated both financial and mainstream news flows this year has created unprecedented conditions in both people’s lives and in financial markets. With central bank’s launching themselves into fresh rounds of easing in a bid to help support the
Chart of the Day EURJPY
<h2><span>Chart of the Day EURJPY</span></h2> <p><strong>EURJPY – Probable Price Path</strong></p> <p><span>Fragile market sentiments remained held at ransom by volatile crude oil price which rolled from the May to the June WTI futures contract which also fell below $10 barrel ov
Daily Market Outlook, April 22, 2020
<p><b>The market remains risk-off amid the worries about oversupply of crude oil. </b><span>Asian stocks edged lower on Wednesday morning for a third day after a volatile session in the U.S. that ended lower. The collapse in U.S. crude prices is keeping a cap on those risky assets. As the difficulties of restarting the U.S.
Tickmill’s Investing Diva, EURJPY Daily Outlook 22-04-20
<p>EURJPY Daily Outlook – On Tuesday we found out that the U.S. home sales dropped by the most in nearly 4-1/2 years in March, the UK employment growth slowed in March, but the German ZEW survey showed that the mood among German investors improved in April as concerns about the impact of the coronavirus pandemic […]
Analysis for oil, gold, and EUR/USD for 22.04.2020
USCrude – oil As you see from the chart, the oil price continues falling and hits fresh lows. The price reached Target Zone 4 [6.49 – 5.93] yesterday. Below this zone, there is the last support zone, Target Zone 5 [0.89 — 0.22]. The oil price is now trading at $5 per barrel. In the […]
Dollar: one pro, two cons
Will a worsening financial situation in the USA and rapid growth of the Fed’s balance sheet outweigh the demand for safe havens The crash of Brent and WTI spot rates has become a real challenge not only for oil-producing companies and oil-exporting countries but also for the local US governments. According to the Wall Street […]
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