Trump speaks in an interview with Fox News
– Says he may act to suspend payroll tax himself is Congress doesn’t act
Well, he’s on not tweeting about the jobs report after the  but media interviews aren’t really any better to be honest. I reckon you can pretty much ignore everything else, this is going to

Forex news from the European trading session – 5 August 2020
Headlines:
Markets:
– AUD leads, USD and JPY lag
– European equities higher; E-minis up 0.6%
– US 10-year yields up 2 bps to 0.528%

Spot gold up by over 1% to $2,044
The parabolic rise in gold over the last two weeks is continuing as we see price keep firmly above $2,000 in a move to fresh highs of $2,044 in European morning trade.

Latest data from the Mortgage Bankers Association for the week ending 31 July 2020
–  -0.8%
– Market index 798.8 vs 841.9 prior
– Purchase index 300.7 vs 306.1 prior
Despite a drop in the long-term mortgage rate, refinancing and purchase activity both showed signs of decline in the past week and that may be a sign that the

Lockdowns and virus restrictions are continuing to make a comeback
In the case of Aberdeen, this comes after a local outbreak related to a pub cluster – more than 30 cases have been linked to that. This is prompting action by the government to try and limit the spread of the virus infection:

Forex news from the European trading session – 4 August 2020
Headlines:
Markets:
– CHF leads, GBP lags on the day
– European equities lower; E-minis down 0.4%

Comments by Japanese economy minister, Yasutoshi Nishimura
– Calls for caution for those visiting elderly relatives
The episode in Japan is a rather familiar one, as the virus numbers start to increase significantly across the country. and becoming a cause for concern, and inevitably deaths will follow if the health crisis is still not addressed.

Latest data released by Eurostat – 4 August 2020
EUR/USD keeps a little firmer still just under the 1.1800 handle as continues on the session.

It feels like the market is waiting for a shove
European equities began the session with modest gains but gave them all away in the opening hour and are now keeping lower, with US futures also seen slightly weaker.

Comments by ECB chief economist, Philip Lane
Nothing that really stands out from Lane in the grand scheme of things. This just reaffirms that the ECB will stay committed to deliver on the full PEPP envelope – at the very least – by the middle of next year.