Monday, September 28, 2020

European Morning Wrap


Pound makes fresh highs for the day as Ramsden brushes aside negative rates talk

Cable buyers look to try and seize near-term control The pound is posting fresh highs for the day now as BOE policymaker, Dave Ramsden, - for now at least - and affirmed that he still views the effective lower bound in the bank rate at 0.10%.... Read full article


BOE's Ramsden: We are not about to use negative rates imminently

Ramsden says that he still sees the effective lower bound at 0.10% The BOE's communication on negative rates has been all over the place, so I wouldn't put too much attachment to Ramsden's remarks. But for now, it is enough to give the pound a decent lift, with cable looking to firmly clear its 200-hour moving... Read full article


Japan to begin lifting travel warnings starting from October - report

Australia, New Zealand, and Vietnam are at the top of the list report The Japanese government is said to give priority to 10 countries and regions with low number of virus infections, including Australia, New Zealand, and Vietnam.... Read full article


Gold continues to stutter to start the new week, key support level in focus

Gold briefly slips by 0.5% to just under $1,850 Stocks may be climbing and the dollar is slightly on the back foot today, but that isn't quite resonating with gold buyers as bullion continues to stutter to start the new week.... Read full article


EU said to be still waiting on the UK to move on Brexit talks

RTE Europe editor, Tony Connelly, tweets The reads: thread "Two senior sources have said that during last week's informal talks between David Frost and Michel Barnier in London Frost pushed hard for going into the negotiating "tunnel" early, with a view to striking a deal by the European Council on October 14-15. Essentially, it just means that talks... Read full article

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FX option expiries for Monday September 28 at the 10am NY cut

EUR/USD

  •  1.1600 846m euro amount
  •  1.1640 521m
  •  1.1700 806m
 USD/JPY
  •  104.80 400m USD amount 
  •  105.00 432m
  •  105.15 407m
  •  105.50 1.6bn
 GBP/USD
  •  1.2800 457m GBP
 AUD/USD
  •  0.7000 1.4bn AUD
 NZD/USD
 0.6525 302m NZD

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