The New Zealand Dollar soared with the Dow Jones Friday as markets continued betting on the US economy reopening. Follow-through may be difficult as traders nervously eye earnings.
Blogs
U.S. Crude Prices Sink Over 15 Percent on Virus Concerns – 20 April 2020
Crude oil futures plummeted on Monday, hitting levels not seen since 1999, pressured by continually reducing demand and worries
Forex Today: Crude Oil Reaches 21-year Low Price – 20 April 2020
Market updates for April 20: Despite the gloomy global economic outlook, stock markets (especially in the U.S.A.) continue to look firm
NASDAQ 100 Forecast: Threatening 9000 – 20 April 2020
The NASDAQ 100 gapped higher to kick off the trading session on Friday, after President Donald Trump suggested that the US economy could get back to work much quicker than people anticipated.
S&P 500 Forecast: to Test Gap – 20 April 2020
The S&P 500 is going to test a gap, regardless of which direction it moves now.
Silver Forecast: Markets to Test Major Support Level – 20 April 2020
The silver markets fell during the trading session on Friday, reaching towards the $15 level, an area that I think is crucial, as it has previously been resistance,
WTI Crude Oil Forecast: Still has Plenty of Resistance – 20 April 2020
We rolled over to the June contract at the end of the session on Friday, so this is the chart that we are looking at.
Weekly Gold Forecast: Facing Test of Support as Week Begins – 20 April 2020
Gold markets have fallen significantly during the trading session on Friday, reaching down below the $1700 level.
Eurozone February trade balance €25.8 billion vs €20.0 billion expected
Latest data released by Eurostat – 20 April 2020 – €17.3 billion; revised to €18.2 billion – Non-seasonally adjusted trade balance €23.0 billion See here for global coronavirus case data
Italian bonds fall further to start the week
Italy 10-year yields rise to near 1.90%, up by more than 10 bps today See here for global coronavirus case data The spread between 10-year Bund and BTP yields is now back up to 238 bps today.