At -36 its the lowest since January of 2009
For bank trade ideas, check out eFX Plus
For bank trade ideas, check out eFX Plus
Schlagwort-Archiv: Forex
ForexLive European FX news wrap: Dollar slightly firmer on equities pullback; ECB to come next
Forex news from the European morning session – 4 June 2020
Headlines:
Markets:
– CHF leads, AUD lags on the day
– European equities lower; E-minis down 0.6%
Headlines:
Markets:
– CHF leads, AUD lags on the day
– European equities lower; E-minis down 0.6%
US May Challenger job cuts 397k vs 671k prior
Latest data released by Challenger, Gray, and Christmas Inc – 4 June 2020
Couple this with the record total from April, US-based employers have pretty much announced at least 1 million job cuts related to the coronavirus pandemic and the report highlights that many of these jobs lost won’t return soon, if ever.
Couple this with the record total from April, US-based employers have pretty much announced at least 1 million job cuts related to the coronavirus pandemic and the report highlights that many of these jobs lost won’t return soon, if ever.
ECB leaves key policy rates unchanged; boosts PEPP by €600 billion
ECB announces their latest monetary policy decision – 4 June 2020
– decision (30 April)
– announcement (18 March)
– Deposit facility rate -0.50%
– decision (30 April)
– announcement (18 March)
– Deposit facility rate -0.50%
Euro gets a lift as ECB delivers on PEPP expectations
EUR/USD climbs to fresh highs on the day as the ECB boosts its PEPP stimulus by €600 billion to €1.35 trillion
For bank trade ideas, check out eFX Plus
For bank trade ideas, check out eFX Plus
ECB preview: What’s the deal with PEPP?
What to expect ahead of the ECB policy decision later?
The big question for the ECB later today is whether or not they are going to take a more proactive approach in addressing the needs and nervousness in the market amid the ongoing economic fallout from the coronavirus outbreak.
The big question for the ECB later today is whether or not they are going to take a more proactive approach in addressing the needs and nervousness in the market amid the ongoing economic fallout from the coronavirus outbreak.
As Brexit trade talks continue, news that Rolls-Royce confirms 3,000 job cuts across the UK
Its a busy week for GBP with Brexit trade talks underway (some sort of statement is expected Friday).
Earlier post on the negotiations:
Rolls-Royce, which makes jet engines, will cut 3,000 jobs across the UK
Earlier post on the negotiations:
Rolls-Royce, which makes jet engines, will cut 3,000 jobs across the UK
Another round of Australian economic stimulus announced, 688m AUD for the construction sector
A stimulus package intended to support the home building sector
– AUD25K grant for new home building or homeowners renovations
– temporary scheme that will last until the end of the year
– AUD25K grant for new home building or homeowners renovations
– temporary scheme that will last until the end of the year
Apple is disabling iPhones looted from its stores
Apple (AAPL) stores in New York, Los Angeles, Philadelphia, Portland and Washington, D.C. have been amongst those broken into and robbed.
– report that looted iPhones have been disabled and that the company has begun tracking them
How to unlock a stolen iPhone – is there an app for that?
– report that looted iPhones have been disabled and that the company has begun tracking them
How to unlock a stolen iPhone – is there an app for that?
AUD update, higher due to FOMO & central banks
A snippet from CIBC on the Australian dollar
– Australian dollar pushed higher by „fear of missing out“ and stimuli from central banks
Says in an environment such as the current global environment AUD should not have been expected to do so well, but it has (CIBC says its alone in this category)
– Australian dollar pushed higher by „fear of missing out“ and stimuli from central banks
Says in an environment such as the current global environment AUD should not have been expected to do so well, but it has (CIBC says its alone in this category)