Monday, September 21, 2020

European Morning Wrap


BoE rate cut expectations to increase (and gold long update from last week)

COVID-19 cases rise Last week the BoE revealed negative rates are now under consideration which opened up immediate GBP selling. Although the interest rates were kept unchanged at 0.10% it was the headline that the Bank of England said the MPC had been briefed on the the BoE's plans to explore how a negative bank rate... Read full article


Trade ideas thread - European session 22 September 2020

Daily thread to exchange ideas and to share your thoughts Major currencies aren't doing a whole lot, but the dollar is holding on to its strong start to the week but it is looking to be a case of bend but don't break for the most part so far.... Read full article


Germany's Braun: Border closures are not our first choice of response

Comments by German chancellery minister, Helge Braun Braun is also seen as Merkel's chief of staff so this sheds some light into what sort of restrictions the government is considering amid the spread of the virus outbreak across the region in recent weeks.... Read full article


Reminder: Fed's Powell to kick off three-day appearance later today

Fed chair Powell will be testifying in Congress over the next three days His first appearance will be later at 1430 GMT but the speech details have already been released earlier (⬆️). Hence, the impact should be minimal but just be mindful of Powell's tone and if he does mention anything out of the ordinary when... Read full article


It is too early to chase the reflation theme - Morgan Stanley

Morgan Stanley argues that investors should be wary about betting on a catch-up in EM assets as the global backdrop becomes less supportive The firm says that current market environment is seeing the Fed no longer providing the same tailwinds for a weaker dollar, while the outlook for US fiscal stimulus remains uncertain and virus cases... Read full article

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Latest Forex Orders


FX option expiries for Tuesday September 22 at the 10am NY cut

EUR/USD

  •  1.1770 659m euro amount
  •  1.1800 837m
  •  1.1820 1.0bn
  •  1.1850 796m
 USD/JPY
  •  104.35 600m USD
  •  104.48 500m
  •  105.00 827m
  •  105.20 629m
  •  105.75 450m
  •  105.90 1.0bn
  •  106.00 354m
 GBP/USD
  •  1.2950 949m GBP
 NZD/USD
  •  0.6660 240m NZD
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[Daily article] September 22: Jomo Kenyatta

Jomo Kenyatta (c. 1897 – 1978) was an anti-colonial activist and
politician who governed Kenya as its prime minister from 1963 to 1964
and then as its first president from 1964 to his death in 1978. He was
the country's first indigenous head of government and played a
significant role in the transformation of Kenya from a colony of the
British Empire into an independent republic. In 1947, he began lobbying
for independence from British colonial rule through the Kenya African
Union, attracting widespread indigenous support. In 1952, he was among
the Kapenguria Six arrested and charged with masterminding the anti-
colonial Mau Mau Uprising. Although protesting his innocence—a view
shared by later historians—he was convicted. Upon his release in 1961,
he led the Kenya African National Union party until his death. During
his presidency, he secured support from both the black majority and
white minority with his message of reconciliation.

Read more: <https://en.wikipedia.org/wiki/Jomo_Kenyatta>

_______________________________
Today's selected anniversaries:

1862:

U.S. president Abraham Lincoln issued the Emancipation
Proclamation, declaring the freedom of all slaves in Confederate
territory by January 1, 1863.
<https://en.wikipedia.org/wiki/Emancipation_Proclamation>

1922:

After nine days, the great fire of Smyrna was extinguished
(aftermath pictured), having caused at least ten thousand deaths.
<https://en.wikipedia.org/wiki/Great_fire_of_Smyrna>

1980:

The Iraqi Air Force launched surprise airstrikes on ten Iranian
airfields, starting the Iran–Iraq War.
<https://en.wikipedia.org/wiki/Iran%E2%80%93Iraq_War>

_____________________________
Wiktionary's word of the day:

martial:
1. (comparable) Of, relating to, or suggestive of war; warlike.
2. (comparable) Connected with or relating to armed forces or the
profession of arms or military life.
3. (comparable) Characteristic of or befitting a warrior; having a
military bearing; soldierly.
4. (not comparable, astrology, obsolete) Pertaining to the astrological
influence of the planet Mars.
5. (not comparable, astronomy, obsolete) Of or relating to the planet
Mars; Martian.
6. (not comparable, chemistry, medicine, obsolete) Containing, or
relating to, iron (which was symbolically associated with the planet
Mars by alchemists); chalybeate, ferric, ferrous.
<https://en.wiktionary.org/wiki/martial>

___________________________
Wikiquote quote of the day:

  Cheerful with wisdom, with innocence gay, And calm with your
joys gently glide thro' the day. The dews of the evening most carefully
shun — Those tears of the sky for the loss of the sun.  
--Philip Stanhope, 4th Earl of Chesterfield
<https://en.wikiquote.org/wiki/Philip_Stanhope,_4th_Earl_of_Chesterfield>

_______________________________________________
Wikipedia Daily Article mailing list.
To unsubscribe, visit:
https://lists.wikimedia.org/mailman/listinfo/daily-article-l
Questions or comments? Contact dal-feedback@wikimedia.org

Asia-Pacific Wrap


ForexLive Asia FX news wrap: AUD lower as RBA outlines 4 further easing options

Forex news for Asia trading Tuesday 22 September 2020 Reserve Bank of Australia Deputy Governor Guy Debelle spoke today on his economic and policy outlook. In his speech he indicated four further options the RBA is considering:... Read full article


Survey finds that Coronavirus supply chain disruptions are easing for companies in south China

A report citing the American Chamber of Commerce in South China survey A marked improvement indeed. The carrying the info is a good read, well worth spending some time on (may be gated).... Read full article


Global Times says TikTok - Oracle deal unlikely to get Chinese government approval

An editorial piece in the state-backed tabloid says the deal ByteDance has agreed with Oracle and Walmart on TikTok is unlikely to receive approval for China's government.... Read full article


Hong Kong's Lam says HK will extend all social distancing rules by another week

HK leader Carrie Lam... Read full article


Preview of the RBNZ monetary policy meeting on Wednesday 22 September 2020

The Reserve Bank of New Zealand announcement will be on 23 September 2020 at 0200 GMT. Earlier posts: BNZ preview, in (very) brief, bottom line is:... Read full article

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Latest Forex Orders


FX option expiries for Tuesday September 22 at the 10am NY cut

EUR/USD

  •  1.1770 659m euro amount
  •  1.1800 837m
  •  1.1820 1.0bn
  •  1.1850 796m
 USD/JPY
  •  104.35 600m USD
  •  104.48 500m
  •  105.00 827m
  •  105.20 629m
  •  105.75 450m
  •  105.90 1.0bn
  •  106.00 354m
 GBP/USD
  •  1.2950 949m GBP
 NZD/USD
  •  0.6660 240m NZD
For bank trade ideas, check out eFX Plus 
All Forex Orders

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ForexLive · 2216 Kawartha Heights Blvd · Peterborough, ON K9K1P4 · Canada

Wall Street Legend: "Millions of investors will be taken by surprise"

                                                                                                          Dear Reader, Investing legend L...