‚Blue wave‘ election outcome has flipped from bear catalyst to bull catalyst – BofA 0 (0)

BofA says the market is pricing in a Democratic victory next month, which could mean even more fiscal stimulus to follow
The firm notes that bond funds have seen their second-largest weekly inflows ever of $25.9 billion, with the market starting to adjust to the current election odds by pricing a a ‚blue wave‘ outcome in

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ECB: Recent euro appreciation had material impact on inflation outlook in September projections 0 (0)

ECB releases its account of the September monetary policy meeting
There’s quite a bit of mention on the euro but it is mostly just noting that there is some impact from the latest appreciation on the inflation outlook in general. The minutes fall short of detailing any added concerns beyond what has been said recently.

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Dollar steadies ahead of North American trading, equities keep firmer 0 (0)

The dollar trades little changed for the most part currently
EUR/USD inched a little higher to 1.1780 earlier on in the session before falling back to 1.1753 and testing its 100-hour moving average @ 1.1755. That level held and we’re seeing price stay little changed on the day within a 29 pips range.

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SNB’s Jordan: Supply of money can be reduced at any time if demand for Swiss franc weakens 0 (0)

Comments by SNB head, Thomas Jordan
– Unprecedented expansion in monetary base in recent years does not pose a particular threat to the stability of the Swiss franc’s value
Yeah, I don’t think anything will change in the next decade at least and as Jordan said, the market has very much grown accustomed to the distortion in

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ForexLive European FX news wrap: Yen falls on higher yields, pound sluggish 0 (0)

Forex news from the European trading session – 7 October 2020
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities a little lower; E-minis up 0.5%
It was a largely quiet session with the early focus being on Trump walking back his hard talk on stimulus yesterday, urging Congress for some piecemeal action.That has helped to

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Ireland’s Coveney: UK should not underestimate how strongly EU feels on fishing issue 0 (0)

Coveney continues to feed more pessimistic remarks on the day
– Fishing is a big obstacle
– A landing zone on fishing is hard to envisage
Cable has erased all of its earlier gains to sit around 1.2880 now, testing its 200-hour moving average after the push higher earlier got rejected by near-term resistance. It is a

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