Volatility in stock markets has spiked since yesterday as participants reassessed recent expectations of a V-shaped recover. Read today’s insights for info on how USTEC, XAU-USD and USOIL have been affected.
Some positivity has returned for oil as countries gradually exit lockdowns and stocks of crude have dropped in the USA. This TA looks at the daily chart of USOIL compared with futures and the general level of contango.
A number of countries are now easing their lockdowns and many Asian and European shares have made gains in early trading today. The key events this week are the FOMC and ECB’s meetings.
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