Strong USD is back
Jump in to know the latest market news and trade ideas for today!
Latest news you need to know
Oil went below zero
The oil price dipped below zero the first time in its history and then rebounded back to its recent level at $21.45. That’s happened because for some oil producers it’s cheaper to pay buyers to take their oil than to stop production or rent a storage. Reasons are the demand damaged by the coronavirus and the unlimited supply created by Russia and Saudi Arabia. Even OPEC+ agreements on cutting the oil production by nearly 10% couldn’t save the industry. Click here to read more.
Dollar strengthened on North Korea news
According to Bloomberg, the health of North Korea’s Kim Jong Un is deteriorating after the cardiovascular surgery last week. The US dollar gained, Asian and South Korean stocks weakened after these news. South Korean and Chinese sources doubt about his weak health. They reported that he is recovering.
Good news for British pound
The UK Claimant Count Change was released today. The numbers are encouraging! Only 12,100 people lost jobs when 170,000 were anticipated. It might help the British pound to stabilize for some time, but the US dollar anyway has a stronger position on the market now.
Earnings reports are coming up
This time it’s more intriguing than ever before. As investors want to see how companies cope with the coronavirus impact. Today we will get earning reports from Netflix at 23:00 MT and Coca-Cola at 14.30 MT. Be ready to react quickly!
Similar
USD is at two-week low, gold rises
Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
Any optimism for the Canadian labor market?
Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
Latest news
BTC skyrocketed as first crypto exchange goes public!
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
Will US inflation push USD further up?
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
USD, gold, Alibaba and more on April 12
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!
Deposit with your local payment systems
