Slightly softer tones as the cash market gets going – Eurostoxx -0.3% – Germany DAX -0.3% – France CAC 40 -0.4% – UK FTSE -0.5% – Spain IBEX -0.7% For bank trade ideas, check out eFX Plus
Blogs
Is risk for the GBP tilted to the upside?
A case for GBP bulls I was reading a piece on Bloomberg's markets live blog saying that Brexit 2020 may well be a flop. The point it made was that Brexit in 2016 was a shock. We know that hardly anyone saw it coming and when it happened the GBP fell sharply lower.However, this time, […]
German travel companies' sales plunge by 23% q/q in Q1
That is the biggest quarterly sales drop since 2008 For bank trade ideas, check out eFX Plus
Nikkei 225 closes lower by 0.45% at 22,355.46
Softer tones but losses are not as bad as earlier in the day E-minis are down by 0.7% and that is keeping equities sentiment on the defensive in general. The Hang Seng is also down by 0.5% but the Shanghai Composite is up 0.1% as earlier in the day.
Switzerland May trade balance CHF 2.80 billion vs CHF 4.04 billion prior
Latest data released by the Federal Statistics Office – 18 June 2020 – CHF 4.04 billion; revised to CHF 3.99 billion – Exports -0.2% m/m – Prior -10.0%; revised to -9.9% For bank trade ideas, check out eFX Plus
Trade ideas thread – European session 18 June 2020
Daily thread to exchange ideas and to share your thoughts Major currencies are mixed and doing little on the day so far, with US futures settling lower after the softer and tepid tones in trading yesterday.
Japan, Thailand are said to be discussing easing border restrictions
"Travel bubbles" are looking to be the new thing The thought of reopening international borders fully now would be too big an ordeal for most countries to take in, but a step towards "travel bubbles" may help to provide some form of control in mitigating imported cases of the coronavirus.
US president Trump says that John Bolton's book is made up of lies, fake stories
We are slowly starting to get into the election phase "Wacko John Bolton's "exceedingly tedious"(New York Times) book is made up of lies & fake stories. Said all good about me, in print, until the day I fired him. A disgruntled boring fool who only wanted to go to war. Never had a clue, was […]
The 3 types of people who cannot leave Beijing due to the fresh COVID19 outbreak
Global Times with the summary of restrictions for thosw wishing to leave China's capital 3 types of people cannot leave Beijing: – people showing symptoms of COVID19
Pompeo – China meeting: China says stay out of internal Chinese affairs (eg HK, Taiwan)
The US take on the meeting is here: This now via Reuters, China foreign ministry For bank trade ideas, check out eFX Plus