The risk mood is more mixed in European trading thus far
It is still going to be all about risk as we look towards the weekend, with US futures keeping lower ahead of North American trading, but are off earlier lows at least.

USD/JPY pressured to session lows of 107.73 on the day
The move in yields isn’t quite breaking the range seen since April with lows around 0.539% to 0.566% a key region to watch in that regard.

Comments by WHO chief, Tedros Adhanom
Anyway, it is funny when you think about what has transpired over the past few months in some countries which are proving to be virus hotspots now.

Forex news from the European trading session – 9 July 2020
Headlines:
Markets:
– GBP leads, JPY lags on the day
– European equities mixed; E-minis up 0.1%
– US 10-year yields down 1.3 bps to 0.651%

Hong Kong tightens some restrictions amid the rise in virus cases
– Announces tightening of social distancing measures
– To limit restaurant party size to 8 persons per table
This relates to the news . Risk sentiment remains unfazed for the most part despite today’s developments from Tokyo and Hong Kong. US futures are still seen holding closer

The pound is continuing its good form on the week
The pound initially shrugged off UK finance minister Sunak’s new announcements to bolster the economy yesterday but they remain part of the more supportive factors in the background, despite some skepticism still abound surrounding the UK economy.

Once again, Wall Street holds all the cards in terms of trading sentiment
European equities are mixed in trading today, though the DAX is seeing decent gains of just over 1% on the session. But the risk mood is not hinting at much with US futures keeping closer to flat levels ahead of North American trading.

Latest data from the Mortgage Bankers Association for the week ending 3 July 2020
– Market index 775.9 vs 758.9 prior
– Refinancing index 3,373.9 vs 3,359.2 prior
The standout once again in the report here is the rise in purchases, with the index rising to its highest level since 2009.

Comments by German chancellor, Angela Merkel
– Expects ‚good cooperation‘ with EU partners
– Germany determined to help EU overcome virus crisis
The next week or so is going to be crucial for European assets as all eyes will turn towards the progress on the recovery fund ahead of the 17-18 July summit. European Commission president von der

Forex news from the European trading session – 8 July 2020
Headlines:
Markets:
– Major currencies little changed
– European equities lower; E-minis up 0.1%