That isn’t comforting news for the euro
Merkel also adds that the EU „must be prepared for Brexit talks to end in failure“.
For EUR/USD, support at around 1.1191-00 remains a crucial spot as it has been since 25 June. Break below that and sellers may look towards the low @ 1.1168 next.

European equities down to session lows now
As stocks came back online in European trading earlier, equities tracked lower but have accelerated losses in the past half-hour with the DAX now seen down by 1.5%.

Latest data from the Mortgage Bankers Association for the week ending 26 June 2020
–  -8.7%
– Market index 758.9 vs 77.31 prior
– Purchase index 308.7 vs 312.7 prior
Mortgage activity moderates a little further towards the end of June, with purchases seen slipping a little but still keeping at relatively robust levels. Amid the coronavirus situation starting

Forex news from the European trading session – 30 June 2020
Headlines:
Markets:
– USD leads, EUR lags on the day
– European equities mixed; E-minis up 0.1%

Bloomberg reports, citing people familiar with the matter
The sources say that they are trying to convince the ECB to permit payouts in Q4, and that some ECB supervisory board members are sympathetic so much so to allow banks to possibly make small payments this year on a case-to-case basis.

This being reported Brussels correspondent, Dave Keating on Twitter
1. Japan
2. South Korea
3. Australia
4. New Zealand
5. Serbia
6. Montenegro
7. Georgia

Comments by BOE chief economist, Andy Haldane
He is sort of justifying his dissent at the latest BOE policy meeting two weeks ago with the remarks above. So, while they seem a tad more upbeat, just be mindful that it was a 8-1 decision at the time. The full text of his speech can be found

Comments by UK prime minister, Boris Johnson
– We must set out the way ahead
– We were able to avert a far worse disaster
– Still awaiting for the full economic reverberations to appear
A couple of token remarks by Johnson but the speech set out here is more symbolic if anything else. It just reaffirms that he

Tick tock, tick tock
According to the commission spokesman, „our overall message this week but also for the coming weeks and coming months is to intensify our negotiations in order to make progress to get a deal. Our goal is to make progress and to reach a deal“.

Forex news from the European trading session – 29 June 2020
Headlines:
Markets:
– EUR leads, USD and JPY lag
– European equities higher; E-minis up 0.4%
– US 10-year yields up 0.6 bps to 0.648%