What's coming up on Tuesday Better German ZEW reads have helped to fuel additional Euro demand on Tuesday, this after the single currency was already getting a boost from news of Germany and France agreeing to support the euro area recovery fund. The pound has also been doing a lot better since it's stumble to […]
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ForexLive European FX news wrap: Dollar, yen keep weaker; equities choppy
Forex news from the European trading session – 19 May 2020 Headlines: Markets: – NZD leads, JPY lags on the day – European equities slightly lower; E-minis up 0.1%
US futures pare losses ahead of North American trading
A choppy session all round for equities sentiment See here for global coronavirus case data US futures are trading back to flat levels as we await North American traders to enter after what has been a somewhat choppy session in European morning trade.
Equities lose further ground on the session
European stocks fall further, US futures also keep lower for now The mood coming into European morning trade was more positive but that has quickly unraveled over the past few hours. That said, the declines seen so far today pales in comparison to the large gains posted in trading yesterday to start the week.
WHO says to have 'more clarity' and reaction on Trump letter later in the day
Remarks by WHO spokeswoman, Fadela Chaib "I saw the , for now I don't have a reaction.. I am sure in the course of the day we will have more clarity and a reaction to this letter." The letter by Trump touched on the lack of independence from the WHO when initially dealing with the […]
Japan reportedly preparing cash injections for small, virus-hit companies
Nikkei reports on the matter Adding that the government plans to allocate about ¥50 billion in the draft secondary budget later in June, with the arrangement aimed at aiding small businesses that are deemed to be indispensable to regional economies.
China repeats that tariffs on Australian barley is based on investigations conducted and WTO rules
Remarks from China foreign ministry spokesman, Zhao Lijian Sure, mate. Whatever you say. In any case, as Australia-China tensions start to ramp up and , this will be a key risk factor to consider when trading the aussie in the near future.
Eurozone March construction output -14.1% vs -1.5% m/m prior
Latest data released by Eurostat – 19 May 2020 – -1.5%; revised to -0.5% – Construction output -15.4% y/y – Prior -0.9%; revised to +0.2% See here for global coronavirus case data
Germany May ZEW survey current situation -93.5 vs -86.0 expected
Latest data released by ZEW – 19 May 2020 – -91.5 – Expectations 51.0 vs 30.0 expected – Prior 28.2 See here for global coronavirus case data Despite the headline reading slipping a little bit more – reflecting more subdued economic conditions – optimism is actually growing that there will be an economic turnarou
Expecting mire AUDUSD upside if risk tone stays positive
AUDUSD Are you looking to trade the AUDUSD? to learn more. Checkout ForexSource.co See here for global coronavirus case data