Risk trades with some positive ticks The commodity currencies are finding a bid, led by the Australian dollar. It's back to flat on the day and up 90 pips from the low of 0.6777.
Blogs
German finance ministry expects deficit at 7.25% of GDP this year
Reuters sources report If someone wants to pay you to borrow money, take it. For bank trade ideas, check out eFX Plus
Gold dragged lower as virus fears weigh
Gold down $25 Gold has been under steady pressure since the start of European trading. No one has forgotten how gold was anything but a safe haven in March and that's shaking out some weak hands with equities struggling.
Canada May existing home sales +56.9% vs -56.8% prior
Big bounce in Canadian home sales As many traders have learned in the past few months. A 50% rally does not wipe out a 50% loss. "May's housing numbers are certainly a mixed bag of results – sales and new listings are both way up month-over-month but still way down compared to year ago," said […]
The Empire manufacturing survey for June -0.2 vs -30 estimate
Empire manufacturing survey for June 2020 – Empire manufacturing and index -0.2 vs. -30.0 estimate. Last month the index was at -48.5. The rebound is much better than expectations the Empire manufacturing index surprise to the upside coming in at -0.2 vs. -30 estimate. Last month the index was down -48.5. The April
Canada April manufacturing sales -28.5% vs -20.0% expected
Canada April 2020 manufacturing sales data "During the second week of May, many manufacturers resumed production after full or partial shutdowns in April," Statistics Canada said.
Empire Fed leads off the US economic calendar
Empire Fed expected to improve to -30 The economic calendar is going to be overshadowed by coronavirus news and broad economic sentiment today. At the bottom of the hour, the June Empire Fed manufacturing survey is forecast to improve to -30 from -48.5.This year before the virus it was in the +3.3 to +12.9 range […]
ForexLive European FX news wrap: Risk-off vibes stay the course but eases a little
Forex news from the European morning session – 15 June 2020 Headlines: Markets: – CHF leads, AUD lags on the day – European equities lower, but off lows; E-minis down 2.0%
European countries agree to initially pay €750 million for AstraZeneca's coronavirus vaccine
According to Italy's health ministry That is decent sum of money but it also sort of tells you the agenda that governments are looking to run in the coming months to alleviate fears surrounding the virus outbreak.
EU's von der Leyen: Ready to intensify talks with UK, inject fresh momentum into negotiations
European Commission president Ursula von der Leyen is upbeat ahead of talks with UK prime minister Boris Johnson later today As she mentioned, the meeting will also involve European Parliament president, David Sassoli, and European Council president, Charles Michel.