Forex news from the European trading session – 2 October 2020
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities lower; E-minis down 1.5%

Long way to go before the ECB commits to any firm inflation language
Recently, they have tried to push the on their inflation outlook/mandate but then Lagarde tried to make some inroads to ‚average‘ inflation targeting – similar to the Fed – earlier in the week .

Stocks keep lower with the dollar and yen slightly firmer on the day
The key news came just before European traders had time to finish making their coffee, being and that tempered with the risk mood as it raises more uncertainty in the election race.

Forex news from the European trading session – 1 October 2020
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; E-minis up 1.0%

Cable bounces from 1.2840 to 1.2920 levels currently
The pound is pretty much jumping all over the place this morning on Brexit headlines and it may very well continue that way until the weekend.

Latest data released by Challenger, Gray, and Christmas Inc
– 116k
US-based employers announced an additional 118,804 job cuts in September, up 2.6% from August with bars, restaurants, hotels and amusement parks i.e. entertainment and leisure sectors, the bulk that drove layoffs last month.

FT reporter, Sebastian Payne, tweets
Officials with knowledge of the talks say a landing zone on state aid has been identified but „fishing is the last sticking point. We both have to jump together.“

The mood in Whitehall as „cautiously optimistic“ but insiders warn „it’s going to go to the brink.“
report

ECB vice president, Luis de Guindos, says that there is no need to decide on adjusting PEPP immediately
– We are totally open to recalibrating measures
– But no need to decide on adjusting PEPP immediately
This mainly just reaffirms their current policy stance i.e. they still see no urgency to pursue further action just yet despite inflation

Latest data from the Mortgage Bankers Association for the week ending 25 September 2020
–  +6.8%
– Market index 769.6 vs 808.5 prior
– Purchase index 320.9 vs 327.0 prior
Despite the long-term rate falling to the lowest in the survey’s history, mortgage activity is seen moderating after a robust lift in the week prior. Both refinancing and purchases

Forex news from the European trading session – 30 September 2020
Headlines:
Markets:
– USD leads, CHF lags on the day
– European equities lower; E-minis down 0.5%