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Blogs
Broker Suspends Oil Futures as Prices Went Negative
The drop in global demand is fueled by the Coronavirus lockdown.
USD/JPY Technical Analysis: Bullish Correction Attempts Are Still Weak – 20 April 2020
The attempts to bounce higher for the USD/JPY pair did not exceed the 108.08 level, and for both sessions.
Crude Oil Carnage as WTI Pushes Below $1/brl
It was a brutal open to the week as WTI crude oil prices pushed below $1/brl. Yes, that's less than One US Dollar per barrel.
DAX 30 Price Outlook: Overhead Resistance Looms as Index Melts Higher
The DAX 30 appears to have slipped into a trading range in April, bouncing between two nearby technical barriers. Here are the levels to watch.
USD/MXN Price Primed for Uptrend Continuation Amid Oil Rout
The US Dollar to Mexican Peso looks set to continue its surge as crude oil crashes. USD/MXN price action has skyrocketed 30% since mid-February, but is down about 7% from its year-to-date high.
May oil settles at -$37.63 and there's still a day of trading to go on the contract
People are furiously trying to find a way to store oil If you're not trying to figure out a way to get paid to store barrels of oil right now, you're not even in the game.
This is when the world realizes what's really happening in oil
This is when the world realizes what's really happening I've been warning for weeks that oil is a negative-yielding asset. If you have it and don't want it, it's a big problem to get rid of it.
Oil trades negative
There it is Oh my god. I can't believe this is really happening. WTI crude is trading at NEGATIVE $2.20 per barrel. I don't get this excited very often but this is one for the ages.
WTI crude hits 1-cent per barrel!
This is crazy Oh man, I never thought I'd see it! I don't use an exclamation point very often but seeing WTI crude oil trade for one penny deserves one. Someone just bought a 1,000 barrels of oil for $10.