Coronavirus - Oil Retraces | April 3, 2020

Oil prices rose unexpectedly by 20% by the end of the week

Weekly Review
03 Apr 2020

Oil prices rose unexpectedly by 20% by the end of the week. This was due to reports on the agreement to reduce oil supplies between the US and Russia.

Unemployment in the US set a new record. The number of applications for unemployment benefits increased almost twice per week - up to 6.648 million.

On the other hand, unemployment in Europe is declining in March, even amid a pandemic.

The dollar is strengthening against risky currencies because investors expect the strongest economic recession in 10 years.

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Robert Thompson
Coronavirus - Dow Jones recoveres | March 27, 2020

Weekly Review

Coronavirus - Dow Jones recoveres | March 27, 2020

Dow Jones on Wednesday grew by 11% due to expectations of new measures by the US government to support the economy.

Robert Thompson
26 Mar 2020
Coronavirus - Oil approached $20 level | March 20, 2020

Weekly Review

Coronavirus - Oil approached $20 level | March 20, 2020

By the end of the week, it still remains below the $30 level.

Robert Thompson
20 Mar 2020
Coronavirus - Markets go Chaotic | March 13, 2020

Weekly Review

Coronavirus - Markets go Chaotic | March 13, 2020

Demand for safe assets is growing, and all commodity currencies are getting sold.

Robert Thompson
13 Mar 2020