Friday, August 28, 2020

European Morning Wrap


Germany's Merkel: Things won't return to normal until we have a coronavirus vaccine

Further comments by Merkel - Hearing that there are hopeful approaches for developing a vaccine - Says Germany is to spend most of EU funds on existing programs Merkel laying down some expectations over how life will be over the next few months at the very least for Germany and/or Europe for the most part.... Read full article


Germany's Merkel calls for citizens to take coronavirus pandemic seriously

German chancellor, Angela Merkel, addresses the public on the health crisis - Coronavirus pandemic situation likely to get more difficult in the coming months A bit of a warning from Merkel as the virus situation in the region starts to worsen over the past few weeks. Germany is now seeing over 17,000 active cases across the country... Read full article


BOJ reaffirms that it will maintain current monetary policy even as Abe resigns

BOJ wants to keep the peace as Japan deals with the virus crisis still... Read full article


USD/JPY falls by 1% in drop below post-Powell low

USD/JPY down by 1% on the day in a drop to 105.50 currently The drop to 105.50 now breaches the low seen in the whipsaw following Powell's speech yesterday, which was at 105.61. Abe's press conference earlier was rather bland, offering little hints about his successor but he did affirm that policies should be continued.... Read full article


Dollar extends losses as the pressure continues to build

The dollar falls to fresh lows on the day Elsewhere, the dollar is not finding any reprieve as we see EUR/USD rise to 1.1920, AUD/USD hit a high of 0.7322, and USD/CAD making fresh seven-month lows @ 1.3063.... Read full article

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Latest Forex Orders


FX option expiries for Friday, August 28 at the 10am NY cut

USD/JPY

  •  105.50 485m USD amount
  •  105.55 412m
  •  105.75 470m
  •  106.00 658m
  •  106.50 610m
  •  107.00 600m
  •  107.40 504m
 USD/CAD
  •  1.3145 537m USD amount
 NZD/USD
  •  0.6630 205m NZD amount
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