Saudi energy minister comments to Reuters
– Conditions now warrant „hopefully successful“ OPEC+ meeting tomorrow afternoon
For bank trade ideas, check out eFX Plus

NFP due Friday 5 June 2020 
– for Adam’s preview: 
– due at 1230 GMT
– headline expected -7,500,000 … epic job loss number
– prior -20,537,000 … the ‚hold my beer‘ previous month’s result
Snippet from GS on what they expect:

A little bit of encouraging news to post, Iran released a US Navy veteran hostage, Michael White
Meanwhile the US has released two Iranians.
US Secretary of State Pompeo said Iranian authorities had been constructive on freeing White but urged the release of three other US citizens, all who remain detained.

Japan data with another ’not as disgustingly bad as expected so its a beat!‘
– For the m/m its down 6.2%
Consumption plummeted while people stayed at home in an effort to combat the spread of the coronavirus. Its the same story right around the globe.  

Latest update from ANZ in New Zealand :
–
The NZD is expected to soften further as the year progresses. 
– We anticipate the NZD will ease to USD0.55 before the end of 2020. 

At -36 its the lowest since January of 2009 
For bank trade ideas, check out eFX Plus

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%

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.

ECB announces their latest monetary policy decision – 4 June 2020
–  decision (30 April)
–  announcement (18 March)
– Deposit facility rate -0.50%

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