What a sordid saga
This Hertz fiasco is one of the most-sordid, depressing stories in market history. The company shares are worthless or close to it.
Yet somehow Robinhood traders were duped into pumping it.

Forex news for New York trade on June 12, 2020:
Markets:
– Gold up $3 to $1730
– WTI crude oil up 22-cents to $36.56
– S&P 500 up 39 points to 3041
– US 10-year yields up 3 bps to 0.70%
The US dollar continue the retracement against the euro and pound as the week wound down. Both EUR/USD and

EUR/USD climbs off the lows
The tone in risk assets is a bit better in the past hour and it’s beginning to wear off on the FX market.
The euro has climbed to 1.1238 from a low of 1.1213. It’s a similar story in the pound and commodity currencies.

Forex futures positioning data for the week ending June 9, 2020.
For bank trade ideas, check out eFX Plus

Forex news from the European trading session – 12 June 2020
Headlines:
Markets:
– CAD leads, JPY lags on the day
– European equities higher; E-minis up 2.0%

Brexit talks among that on the agenda
earlier headline
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Six months later, not much has changed..

FX manipulation
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The commission publishes an addendum for the negotiating rounds

„Negotiating rounds will take place in July, August and in September, unless agreed otherwise
between the parties. Subject to any constraints required by the relevant national health
recommendations, negotiating groups will meet physically,

BofA says zero rates may be the only option the BOE has to deliver more stimulus in order to counteract the economic fallout in the UK
The firm expects the BOE to expand its bond-buying programme next week by £100 billion, something which should not be much of a surprise given that policymakers have hinted that

Forex news from the European trading session – 11 June 2020
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities lower; E-minis down 2.1%