ForexLive Americas FX news wrap for June 19, 2020:
Markets:
– S&P 500 down 18 points to 3097
– WTI crude oil up 49-cents to $39.33
– Gold up $20 to $1742
The market started out in a very good mood and AUD/USD rallied to 0.6910 in a quick 40 pip move but it was a short-lived peak as the

Cases continue to rise
It’s technically not a one-day record but the previous trip over 1000 came after a blip where they group a few days into one.
The tally today is 1081 according to WOLO-TV:

US cases rising
Someone make the case for me on why these numbers are going to fall any time soon?
I see a few states are making masks mandatory. Is that it? Are people going to respect that?

Forex news from the European morning session – 19 June 2020
Headlines:
Markets:
– AUD leads, GBP lags on the day
– European equities higher; E-minis up 0.8%

Politico reports on the matter
Meanwhile, France and Germany are said to be putting „heavyweight support“ behind the European Commission’s proposal.

S&P 500 futures up by a little over 0.7%
report
S&P 500 futures are a little over 0.7% higher with Dow futures up by 0.9% currently.
Meanwhile, European indices are also looking a little more perky with most indices holding gains of around 1% at the moment. So far, there aren’t much pessimistic headlines to be dragging risk

Merkel is said to have warned her fellow leaders in the meeting today
According to officials familiar with her comments, it is said that Merkel has warned other EU leaders that the bloc faces its deepest recession since World War II and that will lead to „very, very difficult times“ ahead.

GBP/USD falls to fresh lows under 1.2400 since 1 June
The pound continues to encounter some heavy selling this week, with the technical exhaustion starting to show after the recent move to 1.2800 last week.

BofA raises its EUR/USD forecast for Q3 to 1.08 from 1.02 previously
The firm’s head of G-10 currency strategy, Athanasios Vamvakidis, said in a note to clients that their forecast may represent some downside but argues that the downside in the pair is likely to be more limited in the near-term.

Forex news from the European trading session – 18 June 2020
Headlines:
Markets:
– JPY leads, GBP lags on the day
– European equities lower; E-minis down 0.5%