Gold gains alongside stocks as the dollar slips
Gold is keeping in a good spot as buyers are holding gains above $1,900 but from a technical perspective, there is more work to be done for the upside momentum to continue beyond the gains so far today.

Local media reports on the matter
This comes after a Madrid court struck down a national government order that imposed a partial lockdown in the Spanish capital yesterday.

BofA says the market is pricing in a Democratic victory next month, which could mean even more fiscal stimulus to follow
The firm notes that bond funds have seen their second-largest weekly inflows ever of $25.9 billion, with the market starting to adjust to the current election odds by pricing a a ‚blue wave‘ outcome in

ECB releases its account of the September monetary policy meeting
There’s quite a bit of mention on the euro but it is mostly just noting that there is some impact from the latest appreciation on the inflation outlook in general. The minutes fall short of detailing any added concerns beyond what has been said recently.

Forex news from the European trading session – 8 October 2020
Headlines:
Markets:
– AUD leads, GBP lags on the day
– European equities higher; E-minis up 0.4%

Latest update from the Commission on Presidential Debates

The dollar trades little changed for the most part currently
EUR/USD inched a little higher to 1.1780 earlier on in the session before falling back to 1.1753 and testing its 100-hour moving average @ 1.1755. That level held and we’re seeing price stay little changed on the day within a 29 pips range.

Comments by SNB head, Thomas Jordan
– Unprecedented expansion in monetary base in recent years does not pose a particular threat to the stability of the Swiss franc’s value
Yeah, I don’t think anything will change in the next decade at least and as Jordan said, the market has very much grown accustomed to the distortion in

UK prime minister, Boris Johnson, sticking to his guns
The EU is reported yesterday to want to call his bluff but he’s still keeping his cards close to the chest for now, so we will have to wait and see how things go in the next week.

Forex news from the European trading session – 7 October 2020
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities a little lower; E-minis up 0.5%
It was a largely quiet session with the early focus being on Trump walking back his hard talk on stimulus yesterday, urging Congress for some piecemeal action.That has helped to