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Positive risk vibes observed in early trades – German DAX futures +1.2% – UK FTSE futures +0.9% – Spanish IBEX futures +1.5% For bank trade ideas, check out eFX Plus

Asian equities in a better mood in the closing stages Elsewhere, the Hang Seng is up by 0.7% while the Shanghai Composite is at flat levels but off earlier lows. On the week, the Nikkei is up by over 4% with the Hang Seng gaining by nearly 7% and the Shanghai Composite holding gains of […]

Latest data released by Destatis – 5 June 2020 – -15.6%; revised to -15.0% – Factory orders WDA -36.6% vs -29.7% y/y expected – Prior -16.0%; revised to -15.4% For bank trade ideas, check out eFX Plus

The restart of international travel is slowly but surely getting underway he is very much in favour of a safe travel bubble with New Zealand If anything, this continues to feed the positive narrative that countries are progressing towards more normal conditions – provided that it doesn't spur an uptick in virus activity.

Bloomberg with the headline, citing OPEC delegates on the matter here For bank trade ideas, check out eFX Plus As mentioned then, it would be foolish for them to risk the recovery in oil prices based on this compliance issue – which has been ongoing in all iterations of OPEC/OPEC+ deals.

Daily thread to exchange ideas and to share your thoughts That said, most major currencies are still trading rather narrowly with the dollar a tad softer but nothing too overwhelming. The euro continues to look perky on a breakout following the ECB policy decision to expand its PEPP stimulus by €600 billion yesterday.

Comments by German economy minister, Peter Altmaier, in an interview – Also too early to discuss about reducing state benefits – Expects tough negotiations on EU recovery fund As much as the stimulus measures have helped to limit the economic carnage from the coronavirus crisis, someone has to be paying for it at the end […]

The decision to do so is due to the coronavirus impact Overall business conditions right now are certainly subdued and consumption activity is going to take a while to return, so a majority of firms will surely find it tough to expand activities or invest further during this period.

Latest data released by the Japanese Cabinet Office – 5 June 2020 – 84.7 – Coincident index 81.5 vs 82.7 expected – Prior 90.2 For bank trade ideas, check out eFX Plus

Bloomberg have collated a few nervous comments from analyst on the EUR/USD rally. – says at 9 days of gains up its the longest rally in nearly 10 years – reached an almost three-month high But now: