Daily Alert – Thursday 2nd April 2020: US unemployment claims skyrocket; oil stock jumps

Mark NugentApril 2020, Daily Alert

Daily Alert – Thursday 2nd April 2020: US unemployment claims skyrocket; oil stock jumps

New US unemployment claims in the last week hit 6.6 million against an expected 3.6 million. US government numbers show an increase in oil stocks of 13.8 million barrels against an expected increase of 3.7 million barrels.

Equities edge lower but are still flat on the week. Oil does nothing. Forex has some trending activity but the moves are small and I see little that would have produced a decent reward to risk ratio.

Tomorrow you will get my Performance Report for March. I’ll be back on Monday with your Trading Plan for week 15.

Have a great weekend when it comes.

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