UK Times reports on what appears to be a round of a game of Chicken
The Times report (may be gated)
is here
GBP not doing a lot the past hour or so.
The Times report (may be gated)
is here
GBP not doing a lot the past hour or so.
Trump speaking now, awaiting any comments he might make about martial law
Trump statement from the White House
– Says he will deploy active duty military personnel to US cities if cities and states won’t act
– is deploying thousands of military and civilian police to strop the rioting
– Says he will deploy active duty military personnel to US cities if cities and states won’t act
– is deploying thousands of military and civilian police to strop the rioting
New Zealand Building Permits for April: -6.5% m/m (prior -21.3%)
Building approval data from NZ, still low in the month – nationwide shut in.
For bank trade ideas, check out eFX Plus
For bank trade ideas, check out eFX Plus
Stock Exchanges
Stock Exchanges
ForexLive European FX news wrap: Dollar decline eases a little on trade worries
Forex news from the European trading session – 1 June 2020
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities higher; E-minis up 0.2%
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities higher; E-minis up 0.2%
PBOC says to step up financial support to small and medium-sized businesses
PBOC issues guidelines on increasing financial support to SMEs
– To allow SMEs to delay some loan repayments to 2021
– PBOC to buy SME credit loans from some qualified banks
The fact that China is continuing to take added action in order to bolster support for the financial system and smaller firms goes to show that the
– To allow SMEs to delay some loan repayments to 2021
– PBOC to buy SME credit loans from some qualified banks
The fact that China is continuing to take added action in order to bolster support for the financial system and smaller firms goes to show that the
US futures keep a little lower ahead of North American trading
The mood has been tempered by the China trade report earlier
See here for global coronavirus case data
Stock futures were off to a softer start initially before recouping those losses going into early European trading, but has been pared back a little for now.
See here for global coronavirus case data
Stock futures were off to a softer start initially before recouping those losses going into early European trading, but has been pared back a little for now.
Russia says that OPEC+ talks are ongoing, no need to get ahead of ourselves
Comments by the Kremlin spokesman
– Putin has no plans yet to meet with Russian oil companies
– Putin is in constant contact with energy minister Novak
Just some token remarks for now, as the bloc continues to plan to move their next meeting date from next week to 4 June instead. It will be interesting to see
– Putin has no plans yet to meet with Russian oil companies
– Putin is in constant contact with energy minister Novak
Just some token remarks for now, as the bloc continues to plan to move their next meeting date from next week to 4 June instead. It will be interesting to see
Cable keeps at three-week highs around 1.2400 amid weaker dollar
GBP/USD continues to look perky to start the week
See here for global coronavirus case data
The pair touched a high of 1.2426 earlier in the session, testing the 61.8 retracement level of its recent downswing last month, before retreating a little amid the China trade report.
See here for global coronavirus case data
The pair touched a high of 1.2426 earlier in the session, testing the 61.8 retracement level of its recent downswing last month, before retreating a little amid the China trade report.
Japan Capital expenditure for Q1: +4.3% y/y (expected -5.0%)
Japan data from January to March 2020
– Capital spending +4.3% y/y vs. expected -5.0% y/y, prior -3.5%
– Capital spending excl. software +3.5% y/y vs. expected -5.5% y/y, prior -5.0%
Some handy beats for capex in Q1. Looking ahead, that epic drop in company profits does not auger well for Q2 capex. Profits biggest drop since Q3
– Capital spending +4.3% y/y vs. expected -5.0% y/y, prior -3.5%
– Capital spending excl. software +3.5% y/y vs. expected -5.5% y/y, prior -5.0%
Some handy beats for capex in Q1. Looking ahead, that epic drop in company profits does not auger well for Q2 capex. Profits biggest drop since Q3