ForexLive Americas FX news wrap: Jobs Friday takes traders on a wild ride 0 (0)

Forex news for New York trade on September 4, 2020:
Markets:
It was a wild ride in the aftermath of the non-farm payrolls report. The data itself was generally positive. The headline matched estimates but in reality it was a bit softer because of disappointing private jobs. However the unemployment rate made a big surprise drop to

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Coronavirus – Vaccine makers plan a public pledge to counter the pressure on the FDA 0 (0)

COVID-19  – The US Food and Drug Administration is getting political heat to approve vaccines prior to the US election.
Bloomberg report firms are planning to band together to issue a pledge to not send any Covid-19 vaccine to the FDA for review without extensive safety and efficacy data

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Wild up and down day for US equities. Major indices close lower for the 2nd consecutive day 0 (0)

S&P and NASDAQ break 5 week win streak
It was a wild up and down trading day for the major US stock indices. At the end of the day the major indices all fell. For the week they also declined. The NASDAQ index was the weakest today and also for the week. 

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BOE’s Saunders: It is likely that additional easing will be appropriate 0 (0)

Comments by BOE policymaker, Michael Saunders
– Rebound in activity appears to be a bit faster than in May forecast
– But the rebound has reflected a benign window, which may be closing now
This will just bring more attention to the topic of negative rates for the BOE, especially with the spectre of a no-deal Brexit looming

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