Forex News

  • Japan to begin lifting travel warnings starting from October - report
    on September 28, 2020 at 9:14 am

    Australia, New Zealand, and Vietnam are at the top of the list report The Japanese government is said to give priority to 10 countries and regions with low number of virus infections, including Australia, New Zealand, and Vietnam.

  • EU said to be still waiting on the UK to move on Brexit talks
    on September 28, 2020 at 8:52 am

    RTE Europe editor, Tony Connelly, tweets The reads: thread "Two senior sources have said that during last week's informal talks between David Frost and Michel Barnier in London Frost pushed hard for going into the negotiating "tunnel" early, with a view to striking a deal by the European Council on October 14-15. Essentially, it just means that talks

  • Germany's Merkel: We need to quickly contain the virus infection, but also keep the economy running
    on September 28, 2020 at 8:43 am

    German chancellor, Angela Merkel, spoke to Bild newspaper The suggestion here is that Germany won't be reverting back to the mass lockdown seen back in March and April. However, tougher restrictions to be introduced alongside fears of the virus itself will also take a toll on the economy.

  • Equities keep firmer in European morning trade so far
    on September 28, 2020 at 8:34 am

    The market is looking buoyant to start the new week The risk mood is keeping more positive so far, as stocks are gradually extending gains on the session. European indices are looking to bounce back strongly from Friday's disappointment while US futures are pushing higher on the day.

  • SNB total sight deposits w.e. 28 September CHF 704.5 bn vs CHF 703.9 bn prior
    on September 28, 2020 at 8:00 am

    Latest data released by SNB - 28 September 2020 - Domestic sight deposits CHF 634.2 bn vs CHF 634.7 bn prior Prior week's release can be found . A slight increase in overall sight deposits, and that just continues to reaffirm that the SNB is still stepping into the market to manage the Swiss franc as they

  • Chinese foreign ministry repeats opposition to US 'bullying' over TikTok
    on September 28, 2020 at 7:27 am

    The saga continues The latest development in this space is that a judge in Washington has granted a preliminary injunction to temporarily block Trump's order banning Apple and Google from offering TikTok downloads on their respective app stores.

  • European equities open higher to start the day
    on September 28, 2020 at 7:06 am

    The positive vibes continue to reverberate - Eurostoxx +0.9% - Germany DAX +1.6% - France CAC 40 +1.4% - UK FTSE +0.9% - Spain IBEX +1.4% This fits with the mood from Asian trading and also US futures, which are keeping ~0.7% higher as we get things going on the session. The recovery in the equities space is looking more modest

  • Year-end widening in yen-dollar basis swap expected to be more contained - BofA
    on September 28, 2020 at 6:50 am

    BofA argues that dollar demand this year-end isn't quite what it used to be The firm's chief rates strategist in Tokyo, Shuichi Ohsaki, says that the seasonal widening in yen-dollar 3-month cross currency basis swap is expected to be contained, thus not really reflecting strong demand for dollars by Japanese players.

  • Russia's Novak: Global oil market has stabilised over the last few months
    on September 28, 2020 at 6:28 am

    Comments by Russian energy minister, Alexander Novak

  • UK junior health minister: We don't want tighter restrictions but keeping an eye on virus infection rate
    on September 28, 2020 at 6:23 am

    Comments by UK junior health minister, Helen Whately The latest on the situation in the UK is that lockdowns are coming and with the virus trajectory looking the way it is over the past few weeks, it may inevitable.

  • Spain reportedly to revise lower its 2020 GDP forecast to -11%
    on September 28, 2020 at 6:10 am

    According to Spanish media outlet, Expansión The change will reflect a rather similar forecast by the European Commission, which sees the Spanish economy contracting by 10.9% this year.

  • Eurostoxx futures +1.7% in early European trading
    on September 28, 2020 at 6:04 am

    Positive tones in early trades - German DAX futures +1.7% - UK FTSE futures +1.3% - Spanish IBEX futures +1.4% European equities had a rough time last week, with a red day on Friday as well so this in part is some catch-up to the more solid close by US stocks at the end of last week. US futures

  • Nikkei 225 closes higher by 1.32% at 23,511.62
    on September 28, 2020 at 6:03 am

    Asian equities off to a good start to the new week The Nikkei is closing near the highs, with the Hang Seng seen up by 0.9% while the Shanghai Composite is up by 0.1%. HSBC stocks in particular are outperforming, after reports of Ping An Insurance adding to their stake in the financial firm.

  • Dollar index to hit 90 or 100 first?
    on September 28, 2020 at 6:00 am

    DXY at 94.35 I came across a piece on Bloomberg's Market Live blog making a case for the Dollar Index to hit 90, before 100. Here is the rationale: 1. The recent Dollar strength has been fuelled by US election uncertainties.

  • Trade ideas thread - European session 28 September 2020
    on September 28, 2020 at 5:49 am

    Daily thread to exchange ideas and to share your thoughts The aussie, yen, and pound are posting mild gains but nothing that really stands out all too much with US futures keeping higher alongside Asian equities.

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