Forex news from the European trading session – 22 July 2020
Headlines:
Markets:
– AUD leads, GBP lags on the day
– European equities lower; E-minis down 0.2%

EURUSD and AUDUSD break to new year highs

Reuters reports, citing an unnamed source on the matter

EUR/USD touches a high of 1.1584, its highest level since October 2018
The pair has had a bit of a choppy session in European morning trade, falling from 1.1540 to 1.1507 as the dollar firmed but is now turning things around amid a run of stops above 1.1550 in a push to 1.1580 levels.

Japan will observe a four-day weekend starting from Thursday
This comes as the Japanese capital reported another 237 new cases in the past day, with the virus trajectory not showing much signs of slowing down. The more worrying part for Japan is that cases are also starting to pick up in other prefectures too:

Stocks on a run once again
Stocks haven’t needed much to hold onto as far as reasons to drive higher and there have been a whole bunch of reasons for the market to eat up into Tuesday that have resulted in another big push.

Forex news from the European trading session – 21 July 2020
Headlines:
Markets:
– AUD leads, EUR lags on the day
– European equities higher; E-minis up 0.7%

NZD/USD buyers are poised in search for a firm move above 0.6600
The kiwi is one of the beneficiaries from the more positive risk mood today, with price action now testing the 0.6600 handle as buyers are looking poised to try and go in search of a firm break above the figure level to fresh highs

Comments by China president Xi Jinping
– Will strive to make up economic losses caused by coronavirus pandemic
– Will strive to achieve good results for economic growth this year
There isn’t much of anything new here from Xi, but this just reaffirms that China will continue to maintain the current set of policies and keep bolstering the

Forex news from the European trading session – 20 July 2020
Headlines:
Markets:
– GBP leads, JPY lags on the day
– European equities mixed; E-minis down 0.2%