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Wed, Apr 01, 2020 11:01 PM All times are UTC Edition :

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FxWirePro: Intricacies Of Crude Oil Inventories And Hedging Strategies

Apr 01, 2020 13:38 pm UTC| Research & Analysis Insights & Views

Many commodities strategists estimate that with no other countries added to the lockdown list, 14% of global oil consumption could be wiped out in April. If the rest of the world were to institute a complete lockdown, this...

Digital Currency Revolution Series: Pandemic Draws Philanthropists Through Cryptocurrencies

Apr 01, 2020 13:02 pm UTC| Research & Analysis Digital Currency Insights & Views

The non-profit crypto payment platform, Giving Block has launched apromotion, in the recent past, raising voice for the cryptocurrency charities combating the deadly contagious coronavirus. After a successful...

FxWirePro: Daily Commodity Tracker - 1st April, 2020

Apr 01, 2020 12:05 pm UTC| Technicals Research & Analysis

Daily Commodity Tracker (12:00 GMT) WTI (US OIL): Major and minor trend - Strongly bearish Oscillators: Oversold (no sign of reversal) Bollinger Bands: Shrinking on Daily charts, Widening on Weekly and Monthly...

FxWirePro: WTI Crude Halts At 18-Years Lows Upon Contraction In Global Demand

Apr 01, 2020 11:39 am UTC| Research & Analysis Insights & Views

WTI crudeprice has tumbled to $19.29 levels which is 18-years lows, from the last couple of days the energy commodity has been oscillating around this price level. Technically, crudes price consolidation looks...

FxWirePro: EUR/CHF resumes weakness after failure at 50-DMA, bias bearish

Apr 01, 2020 11:30 am UTC| Technicals Research & Analysis

EUR/CHF chart - Trading View EUR/CHF was trading 0.31% lower on the day at 1.0565 at around 11:15 GMT, bias is bearish. The single currency remains depressed on worsening coronavirus situation. Euro dented further...

FxWirePro: Risk-Off European Structures Amid Covid-19 Outbreak

Apr 01, 2020 11:08 am UTC| Research & Analysis Insights & Views

With COVID-19 uncertainty running rampant across the Eurozone, and the US and the UK only a few weeks behind, we look for defensive expressions that commit limited premium this late in the cycle and utilize a combination...

FxWirePro: Spotlight on FX Vol Pricing And Risk-Aversion

Apr 01, 2020 09:37 am UTC| Research & Analysis Insights & Views

The rather extreme conditions as experienced by the FX vol market are confirmed when looking at the so-called vol-of- vol parameters, a measure of convexity smile risk for different pairs (Exhibit 2, top). While pricing of...

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Economy

FxWirePro: Spotlight On CBT Amid Sluggish Turkish Growth – Bid 3M USD/TRY Skews Ans Hedge

Turkeys central bank pulled forward a scheduled MPC meeting by two days and implemented a 100bps emergency rate cut yesterday. The CB reduced the 1-week repo rate from 10.75% to 9.75% and lowered RRR on all FX deposits by...

FxWirePro: BoC’s Rate Cuts on Cyclical Effects of Covid-19 - USD/CAD Risk-Off Call Ratio Spread

Over the weekend, the Bank of Canada cut its key interest rate by another 50 bp, after it had lowered its key interest rate from 1.75% to 1.25% at its regular meeting. The BoC also said that it was ready to take further...

Coronavirus and Spanish flu: economic lessons to learn from the last truly global pandemic

As news of the global spread of coronavirus disease (COVID-19) emerged, global financial markets reacted pessimistically and behaved in ways not seen since the 2008 financial crisis. But fully understanding the potential...

Cash handout of $750 for 6.5 million pensioners and others receiving government payments

A payment of $750 will be made from the end of this month to about 6.5 million people as part of the governments $17.6 billion stimulus package aimed at keeping Australia out of a recession caused by the impact of the...

Tokyo Olympics: how coronavirus is affecting preparations

The World Health Organizations decision to officially recognise the coronavirus outbreak as a global pandemic means organisers are facing difficult decisions on whether to go ahead with major sporting events. There were...

Politics

Ivanka Trump says she’s exploring things she wouldn’t have prioritized because of the coronavirus

Despite the social distancing and work-from-home routine she has to go through, life goes on for Ivanka Trump. In fact, her self-isolation has freed up some of her time that shes now doing things she normally wouldnt have...

US Navy aircraft carrier captain wants crew members infected with COVID-19 removed from the ship and isolated for two weeks

Even the worlds most sophisticated warship isnt out of reach from the coronavirus pandemic. A commander of a U.S. Navy aircraft is warning senior military officials that decisive action must be done to save the lives of...

US President Donald Trump to introduce new social distancing guidelines

Recently, President Donald Trump announced that the period of social distancing would continue until the end of April to slow the spread of the coronavirus. Now, Trump is expected to announce the new guidelines for the...

Joe Biden explains how he would respond to the coronavirus pandemic in recent town hall

Presidential candidate Joe Biden recently appeared for another interview-slash-town hall on CNN. The former vice president explained how he would approach the pandemic, as well as revealing his routine as of late. In a...

Melania Trump criticized after advising people to go out and have some 'fresh air' amid coronavirus outbreak

First Lady Melania Trump has been making an effort to become more visible in the midst of the coronavirus crisis in the country. As the country continues its social distancing period, Melania gives her own advice that is...

Science

Moon landing: Former Ministry of Defence employee analyzes conspiracy theories about Apollo 11

The United States made history in 1969 for sending the first two people on the moon, but following the historic moment, there are some who are questioning whether this was real or not. A former employee from the UKs...

Man pronounced clinically dead for three minutes describes what death is like

Death is one of lifes biggest mysteries, and it does not seem like there would be an answer any time soon. One man has shared his experience after being clinically dead for three minutes. There are many assumptions on...

NASA: Hubble Space Telescope snaps image of a one-armed galaxy

The cosmos has provided stunning sights in the forms of galaxies and other celestial objects. Recently, NASAs Hubble Space Telescope captured an image of a spectacular one-armed galaxy. The galaxy, formally known as NGC...

Asteroids: Potentially hazardous asteroid already on 'close approach' trajectory

Space agencies all over the world are keeping tabs on one particular asteroid that is bound for Earth by April. Recent reports reveal that the asteroid in question is already on a close approach trajectory. Express...

Dr. Anthony Fauci predicts over 100,000 coronavirus fatalities in US

As the world is currently struggling to contain the pandemic that is the coronavirus, it appears that the situation would only get worse before it could get better. According to Infectious Diseases director Dr. Anthony...

Technology

Nvidia Ampere GeForce RTX 3000 GPUs could be released by August

It looks like gamers will have to wait for a bit before getting their hands on Nvidias all-new Ampere GeForce RTX 3000 GPUs, including the highly anticipated flagship, the GeForce RTX 3080 Ti. Based on recent rumors from...

Sony monitors ‘risk of delays’ in ‘The Last of Us 2’ release date amid COVID-19 pandemic

The world is facing another daunting challenge as the COVID-19 pandemic manifests its effects not sparing the video game industry. Speculations on a possible second delay on the The Last of Us 2 release date has started to...

‘Cyberpunk 2077’ wallpaper teases one of V’s dangerous contract jobs

With many fans currently stuck in their homes for quarantine measures amid a global pandemic, it helps to be distracted for a while with a release of new Cyberpunk 2077 wallpaper. The image is filled with many interesting...

Why ‘Warcraft 3: Reforged’ might not get new expansions, DLC at its current state

It can be said that Warcraft 3: Reforged has been one of the most discussed video games released in 2020 so far, and most of the reasons are quite unflattering. However, the game is still part of one of the most popular...

Nintendo Switch games: ‘Tropico 6,’ ‘Super Mario 64,’ ‘Super Mario Sunshine,’ and ‘Super Mario Galaxy’ arriving to the console this year

With its portability, the Nintendo Switch console is one of the most popular consoles around and has been the best-selling hardware for a couple of years now. It looks like Switch console gamers are in for a treat in the...