European Morning Wrap

Bundesbank: German economic recovery continuing at a much slower pace Bundesbank remarks in their latest monthly report It is going to come down to how much the government wants to focus on the health crisis, against the backdrop of having to sacrifice parts of the economy to do so.... Read full article Swiss health minister says lockdown reduced virus infections, but need to achieve that differently now Switzerland rules out going back to lockdown As have pretty much all countries across the globe, considering that the economic costs are just too painful for governments to bear after the experience in March to April.... Read full article Cable bounces as price action ping pongs between key near-term levels Sterling gets a lift as EUR/GBP falls by 0.5% to 0.9050 This comes as EUR/GBP is sliding to a fresh session low of 0.9050 as price action there takes out both key hourly moving averages @ 0.9064-67 respectively, after hitting a near-term double top close to the 0.9100 handle.... Read full article Ifo economist: German economy growing more nervous as coronavirus infections rise Comments by Ifo economist Klaus Wohlrabe The active virus cases across the country has doubled from 50,000 to over 100,000 in just 10 days with over 250 districts now deemed as 'high risk' areas.... Read full article Germany October Ifo business climate index 92.7 vs 93.0 expected Latest data released by Ifo - 26 October 2020 That's definitely not a good look for how things are shaping up in Q4 and a 'double-dip' recession may very well be on the cards for the euro area.... Read full article Read The Full Feed Latest Forex Orders FX option expiries for Monday October 26 at the 10am NY cut EUR/USD  1.1750 651m euro amount  1.1800 524m  1.1835 540m  USD/JPY  103.85 610m USD amount   103.95 550m  104.00 1.9bn  104.20 481m  105.00 898m  105.32 600m  105.35 475m  105.60 514m  105.75 405m  AUD/USD  0.7100 668m AUD amount  NZD/USD  0.6700 202m NZD  EUR/GBP  0.9000 2.2bn euro amount   0.9018 865m  0.9100 566m 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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