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28 Apr 2020

US House Speaker Pelosi: Congress to consider separate aid packages for local governments

The US Congress could consider putting together separate aid packages for states and local governments, US House Speaker Nancy Pelosi said on Tuesday.

"Lawmakers are considering a $400 billion - $500 billion in aid for states and additional money for the county and municipal governments," Pelosi added. "We hope to have more funding for Medicaid health insurance program in the next coronavirus relief bill."

Market reaction

Wall Street's main indexes pulled away from daily lows in the last hour. As of writing, the Dow Jones Industrial Average and the S&P 500 were up 0.4% and 0.2%, respectively, while the Nasdaq Composite was down around 0.9%.

Apr 28, 2020

GBP/USD Price Analysis: Pound dips and stabilizes around mid-1.2400s

The recovery from mid-March remains intact as the spot consolidates above the 1.2300 figure but below the main SMAs on the daily chart.

WTI bulls holding on by the skin of their teeth

The price of a barrel of oil on Tuesday is more anchored than it has been of late, settling into a new norm as markets digest the status quo, while, f