CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
About Our Global Companies
Valutrades_LogoSpot
Valutrades_SYLogoSpot

Company

Valutrades Limited - a company incorporated in England with company number 07939901. View more information here.
Valutrades (Seychelles) Limited - a company incorporated in the Seychelles with company number 8423648-1.

Regulation

Regulated by the FCA (Fincancial Conduct Authority). Financial Services Register Number 586541.
Regulated by the FSA (Financial Services Authority). Regulatory Number SD028.

Max Leverage

30:1 (or up to 500:1 for Professional clients, click here to find out more about professional client status)
Up to 500:1

Country

United Kingdom
Seychelles

Negative Balance Protection

Yes
Yes

Back to Blog

No Demand for Crude - High Demand for Crude Storage

   

Welcome to this week’s Market Blast Fundamentals where we will look at Coronavirus, EURUSD, GBPUSD, Gold (XAUUSD), the DAX (DE30), and UK Oil (Brent Crude).

 

Crude Oil has dropped to 21-year lows and many industry experts feel it may go lower as they are running out of storage space.Screenshot 2020-04-20 at 09.41.31

 

Due to the Coronavirus lockdowns, demand for oil is at extreme lows.

 

All global stock indices, like the DAX, are slowly rising but further increases will be based on economies around the world being relaunched so watch for news on Coronavirus lockdowns.Screenshot 2020-04-20 at 09.41.56

 

Gold has dropped from its highs of almost $1750 last week to $1680 this morning.

 

We will need to see more global stability, for larger bearish price action, and perhaps gold selling by Central Banks.

 

GBPUSD is consolidating around the key level of $1.245 after one month of gains but watch for tomorrow’s Unemployment Claims from the UK and Friday’s UK Retail sales figures.

 

Of course, in this pandemic and economic environment, we expect all figures to be poor such as  Canadian Retail Sales, US Home Sales and German Business Sentiment, but under these extreme conditions, the figures may not move the markets.

 

However, watch this week’s meeting of European Leaders when they discuss the sharing of debt and Coronavirus subsidies.

 

That’s all for now.  Happy trading with Valutrades and we will see you tomorrow.

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

Comments