SPOTLIGHT: Thursday, 30 April
A heightened imbalance between BUY and SELL sides may appear and potentially cause price swings as trading for June 2020 futures ends.
Industry context: Global storage facilities for oil are near capacity due to weeks of oversupply and a pandemic-driven slump in demand.
Expiration rules incl. credit/debit adjustment
Commodity trading 101: Energy
Scheduled events for some of the most widely-traded
currencies, with potential to also affect
index and
commodity markets:
Tuesday, 28th April
Wednesday, 29th April
- 01:45: NZD — Trade Balance
- 04:30: AUD — CPI
- 15:30: USD — GDP
- 21:00: USD — FOMC Statement
- 21:00: USD — Federal Funds Rate
- 21:30: USD — FOMC Press Conference
Thursday, 30th April
- 12:00: EUR — GDP
- 12:00: EUR — CPI
- 12:00: EUR — Unemployment Rate
- 14:45: EUR — Main Refinancing Rate
- 15:30: CAD — GDP
- 15:30: USD — Unemployment Claims
Friday, 1st May
* All times are Server Time (GMT+3).
Clients should understand that we are not suggesting price movements will go in a particular direction, nor do we encourage you to trade the volatility. We are simply giving you an advanced warning of significant price movements so you can adjust your trades to mitigate the volatility.
IMPORTANT! We remind you that liquidity tends to get thinner, and spreads tend to widen during economic news. We strongly advise you to exercise caution when trading during these specific dates.
Should you have any questions, please do not hesitate to
contact us.
