Table of Contents

You may also like:

Oil jumps as Trump talks up truce hopes for Saudi-Russia price war

Crude oil futures surged on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to “challenging” oil markets.

Brent crude futures rose 5.9%, or $1.46, to $26.20 as of 0418 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 4.6% or 94 cents, at $21.25.

Trump said he had talked recently with the leaders of both Russia and Saudi Arabia and believed the two countries would make a deal to end their price war within a “few days” — lowering production and bringing prices back up.

https://www.cnbc.com/2020/04/02/oil-markets-saudi-arabia-russia-oil-price-war-in-focus.html

According to Trading Central (3rd party RIA) the WTI is long positions ABOVE 21.05 with targets at 23.40 & 24.05 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10683614

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 21.05
0.5€ 961.63€ 480.81€ 1,370.49
1€ 1,923.25€ 961.63€ 2,740.98
5€ 9,616.26€ 4,808.13€ 13,704.89
10€ 19,232.53€ 9,616.26€ 27,409.78
20€ 38,465.05€ 19,232.53€ 54,819.55

Nearly a million coronavirus cases, US jobless claims could top 5 million, markets shaky

The market mood is cautiously optimistic on Thursday after a risk-off Monday. Stock futures are marginally higher while the US dollar is up against the yen and euro, down against the pound and commodity currencies.

Weekly jobless claims are in the spotlight today. After surging to 3.283 million in the week ending on March 14, an increase to 3.5 million is on the cards. However, Goldman Sachs foresees five million claims amid the worsening crisis

The ADP Non-Farm Payrolls and the ISM Manufacturing Purchasing Managers’ Index released on Wednesday beat expectations but seemed to miss the latest economic developments in a fast-moving crisis. Authorities in the US have ordered 100,000 body bags in a grim sign of the potential severity of the crisis

UK Prime Minister Boris Johnson is under pressure as a welfare claims surge and a severe dearth of COVID-19 testing, especially among health workers. GBP/USD remains highly volatile in comparison to its peers.

Oil is attempting a recovery despite dwindling demand due to the disease and a substantial increase in oil inventories. President Donald Trump is scheduled to meet bosses of oil companies later in the day. China has announced it will start buying oil for its reserves, another positive sign.

https://www.fxstreet.com/news/forex-today-nearly-a-million-coronavirus-cases-us-jobless-claims-could-top-5-million-markets-shaky-202004020534

According to Trading Central (3rd party RIA) the EURGBP is SHORT positions BELOW 0.8879 with targets at 0.8756 & 0.8721 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10683185

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 0.8721
1€ 3,333.33€ 1,666.67€ 1,065.87
5€ 16,666.67€ 33,333.33€ 5,329.33
10€ 33,333.33€ 66,666.67€ 10,658.66
25€ 83,333.33€ 166,666.67€ 26,646.65
50€ 166,666.67€ 333,333.33€ 53,293.30

USD/JPY eases from tops, still comfortable above 107.00 mark

The USD/JPY pair retreated around 30 pips from the Asian session tops, albeit has still managed to hold comfortably above the 107.00 mark.

The pair gained some positive traction during the early part of Thursday trading action and moved away from two-week lows set in the previous session but failed to capitalize on the attempted recovery move.

Slight improvement in the global risk sentiment, as depicted by a recovery in the US equity futures, undermined the Japanese yen’s safe-haven demand and provided some intraday lift to the major.

https://www.fxstreet.com/news/usd-jpy-eases-from-tops-still-comfortable-above-10700-mark-202004020708

According to Trading Central (3rd party RIA) the USDJPY is long positions ABOVE 107.00 with targets at 107.85 & 108.20 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10683222

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 108.20
1€ 3,043.86€ 1,521.93€ 850.00
5€ 15,219.31€ 30,438.62€ 4,250.00
10€ 30,438.62€ 60,877.24€ 8,500.00
25€ 76,096.55€ 152,193.10€ 21,250.00
50€ 152,193.10€ 304,386.21€ 42,500.00