China premier Li Keqiang: The economy is showing a steady recovery 0 (0)

China still maintaining a largely similar outlook for the moment
– The situation is still severe at home and abroad
– Will adopt proactive fiscal policy, prudent monetary policy
The comments here aren’t anything new but that in itself is the key takeaway. The fact that Chinese officials aren’t deviating from the recent commentary on the economic outlook

Go to Forexlive

UK PM Johnson: We do think masks have a great deal of value in confined spaces 0 (0)

Comments by UK prime minister, Boris Johnson
– We have got the virus under control across the country
– It is very important to wear a face covering in shops
Judging by recent remarks by the government, it is only a matter of time now before masks are surely going to be mandatory in shops across the UK.

Go to Forexlive

Why President Trump doesn’t need to make America great 0 (0)

Number 1 already
One very key area of trading to get straight in your mind is the incredible importance of the USD. For many retail traders FX pairs are initially seen as equal players on the stage. However, they are far from equal and one currency that tops them all is the USD. More than 70%

Go to Forexlive

ForexLive Americas FX news wrap: Canadian dollar shrugs off strong jobs report 0 (0)

Forex news for North American trade on July 10, 2020:
Markets:
– Gold down $4 to $1799
– WTI crude up 86-cents to $40.49
– US 10-year yields up 2 bps to 0.6348%
The tone was negative overall and with a US dollar bid heading into New York trade but the virus headlines are all a bit better today, starting

Go to Forexlive

Kudlow: US cannot keep providing $2-$3 trillion in relief every few months 0 (0)

Small sign that the White House doesn’t want to go big
There’s a risk that some Republican Senators start to try to reclaim some high ground on fiscal discipline. If they feel Trump isn’t going to win in November, they may want to pivot back to ‚fiscal conservatism‘ now rather than vote for another big stimulus

Go to Forexlive