Mexican President López Obrador is under intensifying criticism for his government’s strategy in response to the Covid-19 pandemic.
Blogs
USD/ZAR: Will Resistance Zone Initiate Breakdown Sequence? – 18 June 2020
Housing starts and building permits data out of the US disappointed yesterday, recovering less than economists predicted.
Silver Forecast: Looking for Next Move – 18 June 2020
Silver markets have initially fallen a bit during the trading session on Wednesday but found buyers underneath near the $17.50 level.
USD/INR Forecast: Continues Grinding Higher – 18 June 2020
The US dollar has pulled back a bit against the Indian rupee during the Wednesday session, but quite frankly on Tuesday, we had broken out just enough to get through some minor resistance.
WTI Crude Oil Forecast: Finding Buying Pressure – 18 June 2020
The West Texas Intermediate Crude Oil market gapped lower to kick off the trading session on Wednesday but then pulled back even further.
Gold Forecast: Momentum Winding Up For Potential Break Out – 18 June 2020
Gold markets have continued to show one thing over the last several months: that they are more than willing to step in and pick up gold every time it dips.
China CDC virus expert says that Beijing's outbreak is now under control
Comments by China CDC virus expert, Wu Zunyou, in a press conference Well, nothing says under control like closing down schools and cancelling flights in/out of the city. Let's see how quickly they will reverse those measures but sentiment is sentiment.
Japan PM Abe: Seeking to open limited travel with Vietnam, Thailand, Australia, New Zealand
Japan confirms plans to form a "travel bubble" with four countries For bank trade ideas, check out eFX Plus
Japan PM Abe announces that will remove restrictions on domestic travel
Japan prime minister, Shinzo Abe, speaks in Tokyo – Says that new virus cases are limited to certain areas Despite some concern about the recent rise in cases in Tokyo, that isn't hindering the government from proceeding with plans to reopen the economy.
Merkel says that expects no final decision on EU recovery fund proposal tomorrow
But calls for an agreement to be found before the summer break – Expects only an exchange of views tomorrow – Agreement can only be made later during physical meeting of EU leaders That pretty much rules out the importance of tomorrow's European Council meeting. The more serious discussions on this will now be pushed […]