Tuesday, October 6, 2020

Americas Wrap


Here is what's on the economic calendar in Asia today

A reminder if you need it that China is on holidays again today. Chinese markets reopen on Friday, October 9. The absence of Chinese interests from the FX market tends to sap volatility during the Asian day. Trump health developments and US stimulus (l developments could provide some movement though.... Read full article


Could Trump backtrack on stimulus? Is this all part of the Art of the Deal?

Is there even time? I think tanking the stock market and denying people $1200 stimulus checks and unemployment benefits is a big blunder for the President. No one ever lost an election by giving away free money.... Read full article


The US election is now a referendum on stimulus and deficit spending

Do deficits matter or not? Trump's surprise declaration that Republicans are abandoning stimulus talks because Democrats asked for too much sets up a definitive question in the election:... Read full article


USD head higher as flight to safety flows dominate

Dollar moves higher after Trump drops a bombshell about negotiations Pres. Trump surprised the markets saying that he has instructed the GOP lawmakers to cease negotiations with Nancy Pelosi on a Covid relief bill, saying he will pass a bill after the elections when the GOP wins.... Read full article


Risk trades drop after Trump halts stimulus negotiations

Trump calls off talks for more money There will be no fresh stimulus for Americans ahead of election day. President Trump announced that he's pulling the plug on stimulus talks until after the vote in a surprise move. Talks and signals had been constructive but it has been a tough trade to read.... Read full article

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Latest Forex Orders


FX option expiries for Tuesday October 6 at the 10am NY cut

EUR/USD

  •  1.1725 797m euro
  •  1.1800 597m
  •  1.1820 967m
  •  1.1845 589m
 USD/JPY
  •  104.75 620m USD
  •  105.00 1.1bn
  •  105.05 750m
  •  105.50 441m
  •  105.75 519m
  •  106.00 1.2bn
  •  106.15 508m
  •  106.40 390m
 GBP/USD
  •  1.3000 284m GBP amount
  •  1.3010 205m
  •  1.3100 250m
 AUD/USD
  •  0.7250 723m AUD
  •  0.7270 521m
 EUR/GBP
  •  0.9085 418m euro
For bank trade ideas, check out eFX Plus 
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