Forex news from the European morning session – 16 July 2020
Headlines:
Markets:
– USD leads, AUD an NZD lag
– European equities lower; E-minis down 0.7%
– US 10-year yields down 1.3 bps to 0.617%

The greenback falls further ahead of North American trading
The boosted risk trades early on before the solidified the risk momentum and helped to give buyers an extra nudge in the past hour or so.

Forex news from the European trading session – 15 July 2020
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities higher; E-minis up 1.3%

Comments by the Élysée office
I reckon we may see some compromise eventually, perhaps even by the end of the month. Kicking the can down the road sounds appealing for EU lawmakers, but maybe there’s too much at stake before the summer break.

Latest data from the Mortgage Bankers Association for the week ending 10 July 2020
–  +2.2%
– Market index 815.5 vs 775.9 prior
– Purchase index 305.4 vs 325.2 prior
The rise in the prior week was largely due to a surge in refinancing activity as purchases eased a little after hitting its highest level since 2009. The jump

ITV political editor, Robert Peston, reports on the matter
It is said that the vaccine is generating a kind of antibody and T-cell response that researches have hoped to see but the efficacy can only be properly established once Phase III of the programme i.e. testing in Brazil gets underway.

Confirmation by UK culture minister, Oliver Dowden
But in any case, this will also just heighten tensions between China and the US, UK further.

Comments by French president, Emmanuel Macron

JP Morgan earnings for Q2 are out
I think the large loan loss provision is no surprise considering the economic circumstances, but the general uncertainty of the coronavirus situation will just keep banks/financials pressured in general. Essentially, JP Morgan lives to fight another quarter.

Comments by Brett Giroir, the US assistant secretary for health, to CNBC
When the cases and hospitalisations go up, inevitably the death count will also follow. I reckon what most states would like to avoid would be a triage in terms of healthcare service to the public. That would be an ugly scene to witness for