23rd April 2020 Overnight Market Wrap

23rd April 2020 Overnight Market Wrap

 Key Points

  • U.S. stocks bounced slightly on the increased U.S. small business stimulus
  • Oil prices holding levels, slightly firmer amid stabilization mode
  • Breaking: CNN: Iran has successfully launched a military satellite into orbit for the first time

Bias: Position adjustment


US stocks put in a decent pop overnight, supported by some stability in Crude Oil prices and by news that U.S. Senators have passed another $500bln stimulus package for small business.

The Big Dollar was slightly firmer across most partners, as traders sought to buy back recent shorts. GBP drifted firmer over the session amid a stabilization in oil prices. The USD/JPY continued to post light gains over the session.

Crude prices bounced slightly as bargain hunters emerged, while gold rose after a Bank of America report raising its 18-month target on the yellow metal to $3,000.


After an overnight session of consolidation, expect a quiet day in Asia today. PMI data out of Australia, Japan and Europe will largely be shrugged off, with the market focusing on U.S. Initial Claims numbers. Any number below 5mln will be seen as market supportive.

Trade the global markets with a broker that has integrity, honesty and transparency at its core

This website is owned and operated by the Ox Securities group of companies, which include:
Ox Securities Pty Ltd registered address Level 37, 1 Macquarie Place, Sydney NSW 2000 Australia. AFSL 438402 ACN 163 551 602
Ox Securities Limited (SV) registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St Vincent and the Grenadines
Risk Warning: The information contained on this website is general in nature and does not constitute advice or a recommendation to act upon the information or an offer. The information on this website does not take into account your personal objectives, circumstances, financial situations or needs. You are strongly recommended to seek independent professional advice before opening an account with us and/or acquiring our services/products. Ox Securities Limited (SV) do not accept applications from residents of the United States of America and Australia
Before you decide whether or not to invest any products referred to on this website, being over the counter (OTC) derivatives, it is important for you to read and consider our Financial Services Guide (FSG), Product Disclosure Statement (PDS), and Terms and Conditions (T&C), and ensure that you fully understand the risks involved. Fees, charges and commissions apply. OTC derivatives, including margin foreign exchange contracts and contract for differences, are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone. You may incur losses that are substantially greater than your initial investment. You do not own, or have any rights to, the underlying assets which the OTC derivative is referring to. You should only trade with money you can afford to lose. There are also risks associated with online trading including, but not limited to, hardware and/or software failures, and disruptions to communication systems and internet connectivity.

Copyright © OxSecurities 2020. All rights reserved