European Morning Wrap

US MBA mortgage applications w.e. 28 August -2.0% vs -6.5% prior Latest data from the Mortgage Bankers Association for the week ending 28 August 2020 - -6.5% - Market index 755.1 vs 770.6 prior - Purchase index 309.6 vs 310.2 prior... Read full article China says that will keep prudent monetary policy appropriate and flexible Comments by China's Cabinet via state media - Says will not resort to flood-like stimulus - Will guide more credit to the real economy This just reaffirms their current policy stance and that hasn't changed as they continue to deal with the fallout from the virus outbreak. There are some concerns surrounding domestic credit conditions in China but... Read full article Fed's Barkin: Labour market recovery has been slower than anticipated Richmond Fed president, Thomas Barkin, remarks in a WSJ interview - Fed will need to continue to provide significant, sustained support - Economy faces a slowing labour market recovery The remarks on the slower recovery aren't anything new but certainly sets up a renewed focus on labour market data, particularly after Powell's speech from last week.... Read full article Dollar to weaken further regardless of US election result - UBS GWM UBS Global Wealth Management argues that the dollar is to weaken further no matter who wins the election in November The firm's strategists lay out two scenarios for the greenback ahead of the elections:... Read full article Eurozone July PPI +0.6% vs +0.5% m/m expected Latest data released by Eurostat - 2 September 2020 here The downside risks posed by weaker inflation in the next few months could potentially turn into a major headwind for the euro and will be a key spot to watch.... Read full article Read The Full Feed Latest Forex Orders FX option expiries for Wednesday 2 September at the 10am NY cut EUR/USD 1.1875 929m euro amount USD/JPY 105.55 829m USD amount 105.75 465m 106.00 581m 106.50 1.1bn USD/CAD 1.3225 1.1bn USD amount NZD/SD 0.6750 NZD211m For bank trade ideas, check out eFX Plus  All Forex Orders Cryptocurrency Technical Analysis Education Economic Calendar Forex Brokers Are you subscribed to our events? Join now and get informed Subscribe Connect with us on your favorite social network

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