Thursday, September 10, 2020

European Morning Wrap


What to expect from the ECB later today?

Will the owl jawbone the euro currency later in the day? I'll try to keep things brief and succinct in this preview here. The ECB isn't going to be announcing any changes to policy later at 1145 GMT and its statement should reaffirm more of the same kind of stance as we have seen back in... Read full article


UK government says that internal market bill will be debated on 14 September

Further progression of the bill in parliament is to be held next week Just take note of this as we look towards the agenda next week, but the meeting between the UK and EU today will set the tone for everything. European Commission vice president of interinstitutional relations, Maroš Šefčovič, will be meeting with UK Cabinet office... Read full article


EUR/USD in a near-term bind with the ECB in focus today

EUR/USD price action is trapped in between its key hourly moving averages The bounce from yesterday comes after the pair met daily support from the 21 August low @ 1.1754 (as seen below) with the dollar also weakening slightly.... Read full article


ByteDance is likely to miss US deadline for TikTok sale - report

Bloomberg reports, citing people familiar with the matter The report says that ByteDance is poised to miss the Trump administration deadline for the sale of its US TikTok operations, which is set for 20 September.... Read full article


BOJ expected to offer a more upbeat take on the economy next week - report

Reuters reports, citing sources familiar with the BOJ's thinking The report says that the Japanese central bank is to offer a brighter view on the economy, output and exports than in July in order to signal that they are recovering from the fallout caused by the coronavirus outbreak.... Read full article

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Latest Forex Orders


FX option expiries for Thursday September 10 at the 10am NY cut

EUR/USD

  •  1.1700 587m euro amount
  •  1.1780 1.0bn
  •  1.1790 517m
  •  1.1800 740m
  •  1.1890 789m
 USD/JPY
  •  105.00 923m USD amount
  •  105.80 780m
  •  105.85 1.1bn
  •  106.00 1.9bn
  •  106.50 660m
  •  106.75 557m
  •  107.00 650m
  •  107.05 560m
  •  107.11 1.2bn
 GBP/USD
  •  1.2960 201m GBP amount
  •  1.3090 262m
 NZD/USD
  •  0.6600 312m NZD amount
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