Blogs

Traders and investors are currently confused regarding the direction that the financial markets in the United States are taking.

The rumours began a few hours ago of a weekend meeting: Oil rumour – OPEC drag forward their meeting from June 9 to June 6 The chatter is accelerating now. 

US company Novavax is one in the race to develop a vaccine for COVID-19  Reports the US Department of Defense have granted the company a contract as part of the development

Latest update from ANZ in New Zealand : – The NZD is expected to soften further as the year progresses.  – We anticipate the NZD will ease to USD0.55 before the end of 2020. 

Japan data with another 'not as disgustingly bad as expected so its a beat!' – For the m/m its down 6.2% Consumption plummeted while people stayed at home in an effort to combat the spread of the coronavirus. Its the same story right around the globe.  

A little bit of encouraging news to post, Iran released a US Navy veteran hostage, Michael White Meanwhile the US has released two Iranians. US Secretary of State Pompeo said Iranian authorities had been constructive on freeing White but urged the release of three other US citizens, all who remain detained.

NFP due Friday 5 June 2020  – for Adam's preview:  – due at 1230 GMT – headline expected -7,500,000 … epic job loss number – prior -20,537,000 … the 'hold my beer' previous month's result Snippet from GS on what they expect:

At -36 its the lowest since January of 2009  For bank trade ideas, check out eFX Plus

Australia Australian Industry Group Performance of Services Index Improved but deep contraction still. Of the activity indexes: – Sales 27.7, +3.1 pts 

U.S. Trade Representative Robert Lighthizer spoke Thursday during a a virtual event held by the Economic Club of New York. Was happy with progress on phase 1 so far: