Asia-Pacific Wrap

ForexLive Asia FX news wrap: Trump tweets again Forex news for Asia trading for Wednesday 7 October 2020 ICYMI risk assets were hit hard during the US afternoon when Trump tweeted out he was calling off stimulus negotiations. The moves set the stage for an extension of losses into Asian morning trade with EUR and other currencies all a little weaker against the US dollar. Ranges were no large, the big... Read full article ECB Study Finds Signs of Eroding Central Bank Independence While we await the next tweet (yeah, you know what I'm talkin' about) a quick read from Bloomberg. ECB presented research in a working paper that found diminishing levels of central bank independence:... Read full article More from Trump tweeting - ready to sign $1200 stimulus checks Trump now wanting to send out checks to folks. His supporters have been with him all along in resisting further support for people, not sure how they'll feel about this slap in the face.... Read full article Trump tweets he wants Congress to approve airline support, paycheck protection The latest tweet from Trump, this one giving stocks (and risk more broadly) a lift. Maybe he is fully set on his longs? ;-) S&P (ES) and NASDAQ (NQ) eminis recoup their Asia time losses. Volumes are nothing to sneeze at either. Maybe I shouldn't be joking about him playing the market?... Read full article EUR/USD has dropped to a fresh session low Alongside stocks falling on Trump's tweet during the US afternoon halting stimulus negotiations was the USD gaining back ground. That is extending just a tad further here in Asia morning trade, albeit in very small ranges.... Read full article Read The Full Feed Latest Forex Orders FX option expiries for Wednesday 7 October at the 10am NY cut USD/JPY the only notable series of expiries for the session today.   105.10 385m USD amount   105.25 450m  105.50 1.8bn  106.20 549m 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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