Here is what you need to know on Thursday, April 16th: Risk aversion run throughout the first half of the day, fueling dollar’s demand. The greenback surged against all of its major rivals as global equities collapsed. Wall Street recovered from daily lows but still closed in the red. There were several factors behind this return of the dismal sentiment: the earnings seasons started with big names reporting substantial declines in revenues. The IMF warned the coronavirus-related recession could be the worst since the Great Depression. Pandemic numbers were worse than those of the previous days, probably as a result of Easter holidays interfering. Lifting lock-downs and resuming economic activity is still out of sight. EUR/USD recovered from its daily low and settled above 1.0900. GBP/USD also bounced and finished the day around 1.2550. Safe-havens yen and gold eased just modestly against the greenback, despite the risk-averse environment. Oil prices remained under selling pressure, amid record lows demand. Crypto Today: Bitcoin edging towards another potential drop FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Tezos Price Analysis: XTZ is moving toward the apex of an important pattern FX Street 2 years Here is what you need to know on Thursday, April 16th: Risk aversion run throughout the first half of the day, fueling dollar’s demand. The greenback surged against all of its major rivals as global equities collapsed. Wall Street recovered from daily lows but still closed in the red. There were several factors behind this return of the dismal sentiment: the earnings seasons started with big names reporting substantial declines in revenues. The IMF warned the coronavirus-related recession could be the worst since the Great Depression. Pandemic numbers were worse than those of the previous days, probably as a result… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
