Forex news from the European trading session – 29 September 2020
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities lower; E-minis down 0.2%

EUR/USD closes back in on the 1.1700 level
The dollar is down to session lows for the day now with EUR/USD nudging towards 1.1700 again as buyers try and breach the near-term resistance around 1.1680-85.

German minister of state for Europe, Michael Roth, comments in a letter to the UK government as seen by Der Spiegel
Just some added posturing by the EU camp as negotiations are still ongoing this week. So far, there are little details on how things are progressing but given that the first key deadline is 15

Forex news from the European trading session – 28 September 2020
Headlines:
Markets:
– GBP leads, USD lags on the day
– European equities higher; E-minis up 1.3%

Something to note for the session ahead
It is pretty much a bare calendar day in North American trading today but we will be hearing from both ECB president Lagarde and BOE governor Bailey though.

France stays adamant that they will not return to a mass lockdown
Germany’s Merkel also sent a similar message earlier today .
here
But as the virus situation continues to escalate across Europe, tougher restrictions will surely be needed to curb the spread. Otherwise, fears of the virus itself will weigh on consumer behaviour and that will take

Ramsden says that he still sees the effective lower bound at 0.10%
The BOE’s communication on negative rates has been all over the place, so I wouldn’t put too much attachment to Ramsden’s remarks. But for now, it is enough to give the pound a decent lift, with cable looking to firmly clear its 200-hour moving

Cable buyers look to try and seize near-term control
The pound is posting fresh highs for the day now as BOE policymaker, Dave Ramsden,  – for now at least – and affirmed that he still views the effective lower bound in the bank rate at 0.10%.

Johnson & Johnson’s experimental Covid-19 vaccine phase 1/2 trial findings have provided some encouragement.
Reports
the Wall Street Journal:
Now for some caveats. These are from a small early-stage trial. They are interim, posted on online preprint server medRxiv. The report is not yet peer-reviewed, not yet published in medical journals.

Forex news for North American trade on September 25, 2020:
Markets:
We came into the day on a delicate footing and with stock futures lower. The early going was more of the negativity and the commodity currencies and euro continued to struggle while the dollar made fresh highs.