European Morning Wrap

Trade ideas thread - European session 3 November 2020 Daily thread to exchange ideas and to share your thoughts We may be spared from all the election night drama if the polls are to be believed, but don't rule any twists and turns along the way with a potential for history to repeat itself this year; seeing a similar outcome to four years ago.... Read full article RBA's Lowe: Australian dollar not a long way from fundamentals Lowe says would like the Australian dollar to be lower - AUD is not the main factor in policy easing - A lower AUD is just one channel through which policy works Safe to say, we are nowhere near anything 'dysfunctional' when it comes to the AUD and the RBA has been consistent in their messaging that they... Read full article RBA's Lowe: Not saying negative rates will never happen, just extraordinarily unlikely Says would need to consider negative rates if global peers did... Read full article RBA's Lowe: We can effectively create money without limit Not the best choice of words by Lowe there I mean we all know it and we all think it but to outright make a statement like that, ugh.... Read full article RBA's Lowe: There is no appetite to go into negative territory on rates Further comments by RBA governor Lowe - We have done all we can on rates, focus now on QE - There is not much room between 0% and 0.10% for cash rate - We are at effective lower bound now Well, a few months back they were still insisting there was no "appetite" to even cut below 0.25% but... Read full article Read The Full Feed Latest Forex Orders FX option expiries for Tuesday November 03 at the 10am NY cut EUR/USD  1.1650 622m euro amount  1.1725 585m  USD/JPY  105.00 425m USD amount  105.49 1.1bn  GBP/USD  1.2850 684m GBP  1.3000 456m  AUD/USD  0.7000 686m AUD amount  EUR/GBP  0.9000 720m euro amount 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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