<p>The price of Brent crude rose on Friday amid recommendations announced by Donald Trump to gradually revive the economy and reports of a potential cure for COVID-19 disease caused by coronavirus. </p> <p> </p> <p> </p> <p> </p> <p> U.S. President Donald Trump on Thursday made new recommendatio
Blogs
SFC Continues to Scrutinize FX Space, Warns of Capital Markets
Capital Markets says it maintains offices at Wall Street, New York while its headquarters located in Hong Kong.
Credit Suisse Gets Nod for Majority-Owned Securities Business in China
The Swiss bank will hike its stake to 51% from 33.3% via a capital injection into its Chinese securities venture.
US Dollar &amp; VIX Supported; Stock Market Rally at Wits End?
The strong US Dollar and still-elevated VIX Index suggest that the ongoing bear market rally may soon unwind as pessimistic earnings reports trickle in and dreadful economic data readings mount.
US stocks lose some luster as we head into the final hour of trade
S&P 500 up 1.4% The US dollar rallied and stocks gave back some gains after the Fed announced a taper of its daily bond purchases. I've been closely watching Gilead shares today and they're at a session low at $81.50 after touching $89.47 at the open. It's a sign that the market might be having […]
May US oil futures finish down 8% at $18.27
June futures down 50 cents The volume has rolled into the June contract but we're going to be watching all of May, June and July closely in the coming days. The May contract expires on April 21 while the US is selling some of it June position to put it in July because it's 25% […]
EUR/USD: Likely to breach 1.0769; expecting USD/CAD to rise towards 1.45 – MUFG
MUFG on the euro and the loonie For bank trade ideas, . MUFG Research argues that its "While we see reason for EUR to go higher further ahead (mutual debt issuance is likely; see Macron's FT interview today), now is not yet the time to see the dollar weaken. Hence, with global risk fragile and […]
France virus deaths rise 761 to 18,681
The latest French numbers In a separate report the WHO said its not sure if people with antibodies are fully protected from COVID-19. See here for global coronavirus case data
GBP/USD: Capped by the 200-day MA at 1.2657 – Credit Suisse
Cable is trading up 45 pips to 1.2502 Credit Suisse discusses GBP/USD technical outlook and Support is seen at 1.2442/38 initially, below which would complete a small intraday top to see a retreat back to 1.2361 initially, then the 1.2176/66 corrective low and 38.2% retracement of the rise from March. Below here would open up […]