It feels like the market is waiting for a shove
European equities began the session with modest gains but gave them all away in the opening hour and are now keeping lower, with US futures also seen slightly weaker.

Comments by Japanese economy minister, Yasutoshi Nishimura
– Calls for caution for those visiting elderly relatives
The episode in Japan is a rather familiar one, as the virus numbers start to increase significantly across the country. and becoming a cause for concern, and inevitably deaths will follow if the health crisis is still not addressed.

Comments by ECB chief economist, Philip Lane
Nothing that really stands out from Lane in the grand scheme of things. This just reaffirms that the ECB will stay committed to deliver on the full PEPP envelope – at the very least – by the middle of next year.

Comments by the Chinese central bank
These comments aren’t new by the PBOC but it reaffirms their current monetary policy stance and that they will keep going forward with targeted RRR cuts when necessary to aid with liquidity, while also maintaining .

Forex news from the European trading session – 3 August 2020
Headlines:
Markets:
– USD leads, CHF lags on the day
– European equities higher; E-minis up 0.5%

Getting set for the day 
Looking to find out what you need to know before each trading day?
Checkout to learn more

AUDUSD
Looking to trade the AUDUSD ?
Checkout to learn more
FinancialSource.co

GBP/USD sees a fall from 1.3113 to a session low of 1.3040
It has been a quick turnaround for cable in the past hour as we see price action move from session highs just above 1.3100 to a session lows around 1.3040 currently.

Closes lower for the first time since July 16
All good streaks come to an end and the GBPUSD’s 10 day streak of higher closes came to an end today.   The pair last close lower back on July 16. On July 17 the low price reached 1.2511, but closed higher on the day. This week the low was reached on

Dow, S&P, NASDAQ close higher for the 4th consecutive month
On the downside the Dow post its 2nd straight weekly decline.
The final numbers are showing:
For the week, the NASDAQ led the way. The Dow industrial average could not make it to the unchanged level falling by -0.16%: