Cable moves towards a test of the 1.3100 handle again
The risk mood is still rather tepid in European morning trade, with European indices a touch lower and US futures keeping closer to flat levels for the time being. Elsewhere, gold and silver remain higher but not really doing a whole lot since the start of

Forex news from the European trading session – 12 August 2020
Headlines:
Markets:
– CHF leads, NZD lags on the day
– European equities a little higher; E-minis up 0.7%

Comments by UK international trade secretary, Liz Truss
The remarks above comes after the third negotiating round between the two countries. There’s not too much specifics but it is yet another slow and steady process in trying to get something done before the end of the year. The full update can be found .

EUR/USD inches towards a session high of 1.1775
The dollar is trading at the lows for the day as it pares gains across the board, with EUR/USD rising to a session high of 1.1775. AUD/USD is also nearing flat levels on the session in a move to 0.7140 from around 0.7120-30 earlier.

Latest data from the Mortgage Bankers Association for the week ending 7 August 2020
–  -5.1%
– Market index 852.8 vs 798.8 prior
– Purchase index 306.6 vs 300.7 prior
The long-term mortgage rate falls to a new record low in the latest survey, and that is fueling the sharp jump in refinancing activity – highest levels since April.

Latest data released by Eurostat – 12 August 2020
Nonetheless, this pertains to Q2 data and it is pretty much a quarter that is written off at this point. The data over the next few months will offer a better indication of the recovery process and how sustainable that will be towards the end of the

White House adviser, Kellyanne Conway, confirms with Fox News
Just a heads up in case we see unwavering optimism in the headlines later in the day.

Latest data released by NFIB – 11 August 2020
The details highlight five of the ten sub-indexes in the survey fell, with the uncertainty index rising from 81 in June to 88 in July. Sales expectations over the next three months also fell by 8 points to a net 5% last month.

EUR/USD climbs back towards the 1.1800 level
There’s not much reprieve for the dollar in European morning trade today as the risk rally is pinning the greenback lower currently. European indices are pushing gains of over 2% while US futures are also higher by ~0.7% and that is keeping risk sentiment buoyed.

Forex news from the European trading session – 11 August 2020
Headlines:
Markets:
– CAD leads, JPY lags on the day
– European equities higher; E-minis up 0.6%