Euro Maintains Declines Amid A Strong USD
The euro currency is down another 0.8% on the day. The declines could likely see a move to the lower support level at 1.0787.
There is scope for a modest rebound ahead of the decline to the support level. However, the resistance level at 1.1030 will be comin
WTI fails to extend the recovery gains.
US President Trump reiterates call for Saudi-Russia pact on an oil production cut.
Wuhan’s Chief warns over coronavirus resurgence risk, Washington Governor extends stay-at-home order till May 04.
US data, virus headlines and Trump’s contribution to the price
Oil war reprieve
Hopes are building for a truce in thenastyoil price war between the colossal oil producers Saudi Arabia and Russia.
Oil prices surged as short-covering ensued, setting off a rally in energy shares after President Trump said on Thursday that he expects Saudi Arabia and Russia would
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Morgan Stanley's Global Oil Strategist Martjin Rats while talking to Bloomberg said oil prices need to drop below $10 to rebalance the market.
The back gold tanked over 65 percent in the first quarter as the coronavirus outbreak brought the global economy to a standstill, leading to demand destruct
Over the past five years, Russia has spent more than $ 40 billion to build gold reserves. Now it is going to quit. The Russian central bank announced on Monday (March 30) that it would stop buying gold from April 1, but did not explain the reason behind this move. Analysts say Russia already ha
Each of equities indices, bonds and the US dollar rallied to start the week, save for oil prices which continued their battering. Is it a sign of a bottom, or quarter-end rebalancing? The Australian dollar was the top performer while the Canadian dollar lagged. China's official PMIs are due up next.
WTI registers three-day losing streak, tests the lowest in a week.
Coronavirus fears weigh on the demand outlook, supply remains high.
Energy traders pay a little heed to geopolitical concerns relating to Saudi Arabia and North Korea.
With the demand-supply matrix weighing on the energy benchmark,