News

A look at weekly FX performance It was a strange week in the FX market and felt like nothing happened. Meanwhile in equities, there was the Chinese surge and tech continued to shine. In bonds, Treasury yields broke down and in commodities, gold hit 9-year highs. The one thing to show some life in FX

Small sign that the White House doesn’t want to go big There’s a risk that some Republican Senators start to try to reclaim some high ground on fiscal discipline. If they feel Trump isn’t going to win in November, they may want to pivot back to ‘fiscal conservatism’ now rather than vote for another big

Weekly FX speculative positioning data from the CFTC: EUR long 104K vs 98K long last week GBP short 16K vs 21K short last week JPY long 17K vs 24K long last week CHF long 4K vs 4K long last week AUD short 1k vs 3K short last week NZD short 0K vs 0K short last week

Forex news for North American trade on July 10, 2020: Markets: Gold down $4 to $1799 WTI crude up 86-cents to $40.49 US 10-year yields up 2 bps to 0.6348% S&P 500 up 33 points to 3184 JPY leads, AUD lags The tone was negative overall and with a US dollar bid heading into New

This is likely to hash out their positions ahead of the summit on 17-18 July At this stage, the “frugal four” i.e. Netherlands, Austria, Sweden, Denmark are the ones that need more appeasing but a compromise from Spain and Italy on the recovery fund is not necessarily a given as well.For bank trade ideas, check

USD/HKD is kept in a 7.75-7.85 ‘band’ by the Hong Kong Monetary Authority (HKMA). HK’s de facto central bank has been intervening to keep USD/HKD above 7.75 in past weeks and did so again overnight. HK has higher interest rates than the US right now, so the positive carry is tempting HKD longs You’ll have

Hong Kong tightens some restrictions amid the rise in virus cases Announces tightening of social distancing measures To limit restaurant party size to 8 persons per table To limit bars party size to 4 persons per table To cap restaurant capacity at 60% For bank trade ideas, check out eFX Plus This relates to the

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

UK finance minister, Rishi Sunak, will unveil new measures by the government to bolster the economy Sunak is expected to make the statement later at 1130 GMT, following the PMQs session in parliament later today. The new measures set to be unveiled will involve more spending by the government with a £2 billion “kickstart scheme”

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

Latest data released by Eurostat – 6 July 2020 Prior -11.7%; revised to -12.1% Retail sales -5.1% vs -6.5% y/y expected Prior -19.6% For bank trade ideas, check out eFX Plus Retail sales activity rebounded strongly in the euro area in May, as lockdown restrictions were eased in most countries. But relative to a year

Goldman Sachs economists revised down their projection for economic growth in the US, to a contraction of 4.6% this year (from previous projection at -4.2%) Contraction this quarter bounce back on track from September expect the US economy to grow 25% in Q3 (prior forecast of 33% for the qarter) expect growth of 5.8% next

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

The latest data for California Confirmed cases now 248,253 vs 240,195 yesterday. If you exclude the lab backlog, this is the worst day yet. 6/22: 4,2306/23: 5,0196/24: 7,1496/25: 5,3496/26: 4,8906/27: 5,9726/28: 4,8106/29: 5,3076/30: 6,6377/01: 9,740 -total includes 3,842 lab backlog cases7/02: 7,538 – “” 3,482 “” The population of California is much larger than the

Cases of COVID-19 have been climbing all week in Australia’s second most populous city of Melbourne. The count of new cases has been hovering around 70 for the past days but the latest update is 108 new cases (biggest jump in more than 3 months). Two more postcodes (a postcode covers multiple suburbs) have gone

Forex news for North American trade on July 3, 2020: Markets: Gold up $2 to 1777 WTI crude oil down 33-cents to $40.32 Toronto’s TSX Composite down 0.24% AUD leads, JPY lags The US was closed for a holiday and Canada didn’t bring any news or market moves to the table. Overall it was a