Dollar steadies ahead of North American trading, equities keep firmer 0 (0)

The dollar trades little changed for the most part currently
EUR/USD inched a little higher to 1.1780 earlier on in the session before falling back to 1.1753 and testing its 100-hour moving average @ 1.1755. That level held and we’re seeing price stay little changed on the day within a 29 pips range.

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SNB’s Jordan: Supply of money can be reduced at any time if demand for Swiss franc weakens 0 (0)

Comments by SNB head, Thomas Jordan
– Unprecedented expansion in monetary base in recent years does not pose a particular threat to the stability of the Swiss franc’s value
Yeah, I don’t think anything will change in the next decade at least and as Jordan said, the market has very much grown accustomed to the distortion in

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ForexLive European FX news wrap: Yen falls on higher yields, pound sluggish 0 (0)

Forex news from the European trading session – 7 October 2020
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities a little lower; E-minis up 0.5%
It was a largely quiet session with the early focus being on Trump walking back his hard talk on stimulus yesterday, urging Congress for some piecemeal action.That has helped to

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Ireland’s Coveney: UK should not underestimate how strongly EU feels on fishing issue 0 (0)

Coveney continues to feed more pessimistic remarks on the day
– Fishing is a big obstacle
– A landing zone on fishing is hard to envisage
Cable has erased all of its earlier gains to sit around 1.2880 now, testing its 200-hour moving average after the push higher earlier got rejected by near-term resistance. It is a

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US MBA mortgage applications w.e. 2 October +4.6% vs -4.8% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 2 October 2020
–  -4.8%
– Market index 804.7 vs 769.6 prior
– Purchase index 316.0 vs 320.9 prior
The long-term mortgage rate slips to its lowest on record in the survey’s history, and that is arguably spurring the increase in refinancing activity – which carried the jump

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Brexit: EU reportedly ready to call UK’s bluff on Brexit talks 0 (0)

The news sent the pound lower from 1.2960 to 1.2920
Bloomberg is reporting that the EU has no plans to offer concessions to Boris Johnson before next week’s Brexit deadline on 15 October (this is the UK’s deadline FWIW), betting that he won’t make good on the threat to walk out without a deal.

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There is a ‚high barrier‘ for BOE to cut rates below zero – Morgan Stanley 0 (0)

The firm says negative rates are unlikely even if there is a no-deal Brexit
„With two heavyweight insider MPC members ( and ) coming out publicly in opposition, at least at the moment, we see a high barrier to negative policy rates. We now think that outright cuts in the bank rate to below zero in

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