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ForexLive European FX news wrap: Risk aversion returns
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%
Headlines:
Markets:
– USD leads, NZD lags on the day
– European equities lower; E-minis down 0.9%
Macron and Merkel to meet on 29 June to discuss EU recovery fund proposal
As confirmed by the Élysée Office
European Council meeting next month
European Council meeting next month
US MBA mortgage applications w.e. 19 June -8.7% vs +8.0% prior
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
– +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
Cable pares earlier losses as buyers look to wrestle back near-term control
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.
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.