Zoom continues to benefit from the coronavirus pandemic after going public last year, and expectations are now higher for the remainder of the fiscal year.
Archiv für den Monat: September 2020
ForexLive European FX news wrap: Dollar keeps softer, stocks buoyed
Forex news from the European trading session – 1 September 2020
Headlines:
Markets:
– GBP leads, CHF lags on the day
– European equities higher; E-minis up ~0.3%
Headlines:
Markets:
– GBP leads, CHF lags on the day
– European equities higher; E-minis up ~0.3%
Dollar stays on the back foot, stocks keep higher on the session
The dollar fails to catch a break so far in European morning trade
But the pace of the decline in the greenback isn’t really extending all too much outside of cable, which is continuing to push towards the 1.3500 handle.
But the pace of the decline in the greenback isn’t really extending all too much outside of cable, which is continuing to push towards the 1.3500 handle.
China halts barley imports from Australian firm CBH Grain
The spat between the two countries continues to brew
Again, this just adds to the ongoing economic impact that is slowly being heaped on by China towards Australia and isn’t a positive development for the aussie.
Again, this just adds to the ongoing economic impact that is slowly being heaped on by China towards Australia and isn’t a positive development for the aussie.
German government revises 2020 GDP forecast to -5.8% from -6.3% previously
German economy minister, Peter Altmaier, says that the economy is in an ‚unexpectedly fast‘ V-shaped recovery
– 2020 GDP forecast revised to -5.8%; previously -6.3%
This confirms the reports from earlier today but Altmaier is offering relatively upbeat remarks surrounding the economic situation in general.
– 2020 GDP forecast revised to -5.8%; previously -6.3%
This confirms the reports from earlier today but Altmaier is offering relatively upbeat remarks surrounding the economic situation in general.
Eurozone August preliminary CPI -0.2% vs +0.2% y/y expected
Latest data released by Eurostat – 1 September 2020
The ECB may still afford to wait for now before reacting but a more severe drop in price pressures and inflation expectations potentially deanchoring may prompt some form of action. If anything else, don’t expect them to be too happy with a rising euro.
The ECB may still afford to wait for now before reacting but a more severe drop in price pressures and inflation expectations potentially deanchoring may prompt some form of action. If anything else, don’t expect them to be too happy with a rising euro.