European Morning Wrap

Dollar steadies ahead of North American trading, equities keep firmer The dollar trades little changed for the most part currently EUR/USD inched a little higher to 1.1780 earlier on in the session before falling back to 1.1753 and testing its 100-hour moving average @ 1.1755. That level held and we're seeing price stay little changed on the day within a 29 pips range.... Read full article SNB's Jordan: Supply of money can be reduced at any time if demand for Swiss franc weakens Comments by SNB head, Thomas Jordan - Unprecedented expansion in monetary base in recent years does not pose a particular threat to the stability of the Swiss franc's value Yeah, I don't think anything will change in the next decade at least and as Jordan said, the market has very much grown accustomed to the distortion in... Read full article Austria reports record of 1,209 daily coronavirus infections The case of pandemic fatigue is building across the globe In Europe so far today, we're seeing record daily cases in Poland, Czech Republic, Ukraine, and Bulgaria. This adds to record daily figures in France, Netherlands, Romania, and Slovenia yesterday.... Read full article More US stimulus talk expected in the day ahead Mnuchin and Pelosi are said to speak again later today FOX News' Chad Pergram tweets on the matter: Pelosi/Mnuchin expected to speak again today about narrow coronavirus bills today. Specifically for airlines Hope springs eternal but I don't see how or why the Democrats will want to pursue piecemeal action on the virus bill. With Biden leading the... Read full article ECB's de Guindos: Euro exchange rate indirectly affects our reaction function but there's no red line Comments by ECB vice president, Luis de Guindos This is more of the same from what we have heard from the ECB recently but amid a hit to inflation expectations, one can expect some indirect jawboning to the currency if and when they see fit to start doing so.... Read full article Read The Full Feed Latest Forex Orders Notable forex options expiring on October 8 at the New York cut What's running off today EUR/USD 1.1745 and 1.1800 -- about 650m euros each USD/JPY 105.50 ($615m) and 106.15 ($386m) GBP/USD 1.2850 (GBP202m) NZD/USD 0.6540 (NZD225m) I wouldn't classify any of those as anything approaching large. 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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