OPEC+ still pondering on whether to move their meeting forward to 4 June See here for global coronavirus case data I guess we'll just have to wait and see how things go then.
Blogs
Nikkei 225 closes higher by 0.84% at 22,062.39
Asian stocks climb as Trump offers more bark than bite on China actions In the currencies space, that is seeing the dollar punished with the aussie leading gains of over 1% now upon a technical breakout in both AUD/USD and AUD/JPY.
ICYMI: OPEC+ meeting may be held later this week
OPEC+ reportedly discussing to bring forward their next meeting to 4 June See here for global coronavirus case data Just something to take note of for oil traders, but as per OPEC+ tradition, so far their output cuts have proven to be more talk than action with the Reuters tanker shipments survey showing that OPEC […]
Trade ideas thread – European session 1 June 2020
Daily thread to exchange ideas and to share your thoughts See here for global coronavirus case data The big story in the market towards the end of last week was Trump taking actions against China but his bark proved more menacing than his bite and that is allowing for risk sentiment to fare better in Asia trading, […]
Apple says that Tokyo stores will reopen starting from Wednesday
Apple has been slowly reopening its stores in Japan since last week See here for global coronavirus case data
Hong Kong says that it has no plan to change currency's peg to the dollar
Hong Kong says that there has not been "obvious" capital outflows But still, you can understand why investors have been feeling jittery surrounding the whole situation and that was shown two Fridays ago where the .
Germany reports 333 new coronavirus cases, another 11 deaths in latest update
Hints of the 'weekend effect' kicking in again The 333 new cases sees the total confirmed cases rise to 181,815 with RKI estimating that ~165,900 persons have recovered from the disease.
Reminder: Some parts of Europe will be observing a holiday today
It is Whit Monday London will still be open for business so while there may be some hints of lighter liquidity, it shouldn't be too impactful overall.
EU – UK talks on Brexit trade deal begin again on Tuesday
It could be a rocky, headline-strewn, path ahead this week for GBP. Brexit talks between the UK and EU begin Tuesday with a likely press conferences to update us (apart from all the leaks that will come) on Friday.
ForexLive Asia FX news wrap: FX led the way on ‘risk’ at the week’s opening
Forex news for Asia trading Monday 1 June 2020 Weekend news was not overly encouraging, with a miss for China's official manufacturing PMI (although a beat for services, and both did manage to stay in the expansion zone) and widespread violent rioting across the US. The concern early was for the 'risk' currencies to fall [&