s09220919

The SP 500 rose again Tuesday, closing 0.9% higher, as more states took steps to reopen businesses. California indicated that retailers could open from Friday, with further steps possible in counties with fewer cases. Those measures have supported oil markets as well; the front WTI contract is up 20

European stocks are likely to open a tad lower on Wednesday after sharp gains in the previous session on optimism over phased easing of coronavirus restrictions by some countries. Despite growing evidence that the coronavirus pandemic is still raging, U.S. President Donald Trump said the coronavirus

FTSE 100: Retail trader data shows 51.51% of traders are net-long with the ratio of traders long to short at 1.06 to 1. In fact, traders have remained net-long since Apr 22 when FTSE 100 traded near 5,763.50, price has moved 1.84% higher since then. The number of traders net-long is 47.37%

Due to the low volatility in eur/usd market, the EA strategy, which I named Pheonix, suffered a relatively large drawdown. This volatility situation was not common at least in the last 3 years. In the other hand, after this drawdown, I modified my EA strategy to ensure it can still perform well unde

German Factory Orders plunged by 15.6% MoM in March. On a yearly basis, Germany’s Factory Orders arrived at -16.0% in March. EUR/USD shrugs off devastating German Factory data. The German Factory Orders slumped in March, suggesting that the manufacturing sector in Europe’s largest economy is headi

WTI Futures for June registers over 1.0% gain after two-day declines. 50-hour EMA acts as the immediate resistance ahead of Wednesday’s top. $22.60/55 acts as short-term key support. WTI Future on NYMEX takes the bids near $23.80, up 1.0% on a day, ahead of Friday’s Tokyo open. In doing so, the bla

The Reserve Bank of Australia has published its May Statement on Monetary Policy. Markets are looking through the update for variations on the RBA's forecasts for an outline the Bank’s expectations for the profile of the coronavirus shock and recovery. The following are the main points: Statement on

S&P 500 futures extend Thursday’s gains, follow Wall Street’s footsteps. US 10-Treasury yields bounce back from the three-day low. US-China tension renews, trade negotiators will be on the call early next week. US employment data, trade/virus update will be the key. While portraying risk-on sen

Total U.S. household debt reached a record $14.3 trillion after increasing by $155 billion, or 1.1%, in the first quarter of 2020, according to the Fed’s Quarterly Report on Household Debt and Credit. The results do not fully capture the economic pain felt from the coronavirus pandemic an

Following the recent recoveries in oil prices, analysts at JP Morgan anticipate oil prices to surge to $100 in two years. However, the report also cites short-term fears in the report. Key quotes We see oil going to $100 within two years. The near term, clearly, it's very tough. Oil prices should s

Will you be the best guesser to take away 30 FollowCash in forecasting the outcome of Non-farm Payrolls?The previous NFP data in February was 273K, the NFP data in March was -701K, and the market expects it to be -21500K for April. A low payroll figure will lead FOREX traders to favor