25th May 2020 Overnight Market Wrap

25th May 2020 Overnight Market Wrap

Key Points

  • Markets little changed ahead of the U.S. Memorial Day holiday
  • USD firmer, oil weaker, gold firmer on the day
  • U.S. initiates travel bans between Brazil on Corona Virus surge

Bias: Risk on / off


It was a quiet session on U.S. equities Friday, with many desks short-staffed ahead of today’s Memorial Day holiday. In news, the Chinese/U.S. tensions continue to escalate, while the Trump Administration is discussing conducting the U.S.’s first nuclear test since 1992.

The Big Dollar was slightly firmer against most of the majors, although reports were that this was little more than position adjustment into the long weekend.

Position adjustment saw oil prices fall on Friday, while Gold was slightly firmer.


Expect a very quiet session today (and tomorrow) in Asia, with the U.S. closed for Memorial Day holiday and with the U.K. closed for a bank holiday. Expect little more than position adjustment amid very light volumes.

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