UK Times reports on an idea from PM Boris Johnson for Hong Kong residents to move to the UK – floating offering route to the UK and possible citizenship Early days for this.
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Forexlive Americas FX new wrap: Risk on flows drive the forex
Forex news for North American trading on June 2, 2020 In other markets; – Spot gold is trading down $13 at -0.75% at $1726.66 – WTI crude oil futures trading up $1.51 or 4.26% at $36.96. Just out there was a surprise draw of 0.5 million barrels vs. expectations for a 3 million barrel build in […]
Trade ideas thread – Wednesday 3 June 2020
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
Private oil survey data shows draw in crude oil inventory
This is the private survey of inventories, official data is Wednesday morning (US time). Median expectation was for a build, but it is not. Twiiter with the numbers:
ICYMI – China warns of swift retaliation against the US
The Global Times is a branch of state media in China, yesterday pulling no punches: After that that came more from the outspoken media group: (more ICYMI) here
Economic calendar due from Asia today – Australia GDP, China PMIs
2230 GMT Australia AiG Construction PMI for May – Australian Industry Group Performance of Construction Index – prior 21.6 2300 GMT Australia – CBA/Markit Services and Composite PMI for May (final)
New York Gov. Cuomo: NYC Mayor underestimated problem
Gov. Cuomo on New York City Mayor's response to riots Gov. Cuomo is getting close to pulling rank vs. New York City's Mayor de Blasio's response to riots. He says
New Zealand GDT price index +0.1%
The latest dairy auction results For bank trade ideas, check out eFX Plus
Emerging market currencies are surging
Latin American currencies are leading the way The epicenter of the coronavirus outbreak is in Latin America at the moment but the market is saying that it will die down and good days are ahead.