24th April 2020 Overnight Market Wrap

24th April 2020 Overnight Market Wrap

 Key Points

  • Markets generally tightly mixed amid consolidation and a lack of fresh cues.
  • Brazilian Real hits a historical low
  • U.S. Initial Claims slightly better than expected

Bias: Consolidation


A very quiet session on U.S. equities overnight, with many players taking a step back and taking stock of the recent market volatility. The DJIA eked out small gains, while the broader and tech indexes were slightly weaker.

Currencies were tightly mixed overnight, with the EUR/USD slightly weaker amid a lack of formal details on the next Euro-zone stimulus plan. U.S. Initial Claims were slightly better than expected. In other news the Brazilian Real has hit an all time low.

Production cuts and increased tensions in the Middle East have helped support oil prices slightly overnight, Gold was also slightly firmer overnight, but there wasn’t much in it.


Expect a very quiet session today, with focus being on the Tokyo and London Fixes. Data today sees Japanese CPI, U.K. Retail Sales and U.S. Durable Goods and Michigan Sentiment.

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