Latest data released by UK CBI – 25 June 2020
– -50
– Total distributive reported sales -55
– Prior -63
Retail sales balance is seen improving a little in June but remains rather subdued overall but just take note that the sentiment reflected in the survey here is before the announcement by UK PM Johnson to ease

Latest data from the Mortgage Bankers Association for the week ending 19 June 2020
–  +8.0%
– Market index 773.1 vs 846.9 prior
– Refinancing index 3,434.66 vs 3,891.5 prior
The drop in the past week largely stems from a fall in refinancing activity but purchases are also seen declining a little after the push to a fresh 11-year

As confirmed by the Élysée Office
European Council meeting next month

Forex news from the European morning session – 24 June 2020
Headlines:
Markets:
– USD leads, NZD lags on the day
– European equities lower; E-minis down 0.9%

According to a notice published by the USTR
The notice says that the US wants to impose new tariffs on European exports like olives, beer, gin and trucks, while also increasing duties on other products including aircrafts, cheese, and yoghurt, in a move that will add to trade tensions.

Cable back to nearly flat levels as dollar gains wane a little
The risk mood in the market is still softer with European indices holding around 2% losses and US futures near 1% declines as we start to look towards North American trading.

Tourism and hospitality can resume on 4 July
– Social distancing rules to also be relaxed
– New rule is to keep at least 1 meter apart (previously 2 meters)
– Two households can meet in any setting
All of the above is applicable starting from 4 July onwards. The most important news in all of this I guess

Trump tweets about rising coronavirus cases in the US

„Cases are going up in the U.S. because we are testing far more than any other country, and ever expanding. With smaller testing we would show fewer cases!“
Rightttt. Surely this has

Forex news from the European morning session – 23 June 2020
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; E-minis up 0.9%

Comments by the German council of economic advisors
– Sees German economy shrinking by 6.5% this year
– Impact of the coronavirus on the world economy more severe than expected
On the headline remark, it is more of the case that they won’t risk another economic meltdown – even if there is a second virus wave – after