Anaz

Jobless claims slated to decline for the third week in a row. Five week total would be more than 26.16 million, 15.9% of the labor force. Dollar has plateaued awaiting viral and economic developments. It should be hard to call more than four million unemployment claims in one week progress, but if

Daily Pivots: (S1) 1.4058; (P) 1.4102; (R1) 1.4188; USD/CAD recovered after drawing support from 4 hour 55 EMA. But upside is limited below 1.4182 temporary top so far. Intraday bias remains neutral first. On the upside, break of 1.4182 will solidify the case that correction from 1.4667 has complete

White House Adviser Kudlow says that the oil price crash will likely be temporary. Says there is no easy quick fix to help US oil producers given price slump. Kudlow says Trump administration is looking very carefully at the possibility of providing liability protection for businesses that reopen.

In a statement, the Iraqi Oil Minister says that OPEC+ could take additional steps to absorb oil surplus.  Key notes Iraqi oil minister says Tuesday meeting with some opec+ members discussed the reasons and consequences of the falling oil prices in US  markets. More to come...

GBP/JPY remains under pressure amid the UK’s coronavirus crisis. British human trials for the vaccine will begin on Thursday, medical supplies still a question. The UK recorded an 18,516 death toll in the week ending on Friday, cases cross 129,000 mark. UK CPI, virus updates and oil performance will

Reuters is out with the latest update on the OPEC and non-OPEC producers (OPEC+) conference call held on Tuesday to discuss the meltdown in the US oil futures and its implications on the oil market. Key takeaways “No fresh policy moves agreed to or floated out publicly. Unless there is some sort of

Markets are generally back in risk aversion, as selloff was sparked by historic move in oil prices. Yen and Dollar strengthen broadly as a result. Canadian dollar was weighed down slightly too but selloff is limited so far. Instead, New Zealand and Australian Dollars are the weakest for now. Europea