Forex news from the European trading session – 5 August 2020
Headlines:
Markets:
– AUD leads, USD and JPY lag
– European equities higher; E-minis up 0.6%
– US 10-year yields up 2 bps to 0.528%

Trump speaks in an interview with Fox News
– Says he may act to suspend payroll tax himself is Congress doesn’t act
Well, he’s on not tweeting about the jobs report after the  but media interviews aren’t really any better to be honest. I reckon you can pretty much ignore everything else, this is going to

Lockdowns and virus restrictions are continuing to make a comeback
In the case of Aberdeen, this comes after a local outbreak related to a pub cluster – more than 30 cases have been linked to that. This is prompting action by the government to try and limit the spread of the virus infection:

Latest data from the Mortgage Bankers Association for the week ending 31 July 2020
–  -0.8%
– Market index 798.8 vs 841.9 prior
– Purchase index 300.7 vs 306.1 prior
Despite a drop in the long-term mortgage rate, refinancing and purchase activity both showed signs of decline in the past week and that may be a sign that the

Spot gold up by over 1% to $2,044
The parabolic rise in gold over the last two weeks is continuing as we see price keep firmly above $2,000 in a move to fresh highs of $2,044 in European morning trade.