Articles

Trump to Governors: They are making themselves look like fools

June 2, 2020 00:21   Forexlive Latest News   Market News  

Speaking to governors on a conference call
Pres. Trump in response to the weekend of violence told governors on a conference call:
Meanwhile in New York, Gov. Cuomo is on the wires saying:

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European equity close: Another day of gains

June 1, 2020 23:40   Forexlive Latest News   Market News  

Closing changes for the main European bourses:
If you’re bullish on the global recovery from the virus, there is a compelling case to shift money to European equities from US equities on valuation. The euro is consolidating today but it’s still comfortably above 1.10.

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Momentum grows in Congress to hash out more stimulus before recess – report

June 1, 2020 23:12   Forexlive Latest News   Market News  

Report from Fox Business’ Charlie Gasparino
Fox’ Charlie Gasparino reports that the weekend riots have generated momentum for more stimulus in Congress and that a new package could be hashed out before the summer recess.

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Why US protests are weighing on the US dollar

June 1, 2020 22:45   Forexlive Latest News   Market News  

Dollar under pressure today
Markets have generally shrugged off the shocking wave of protests in the United States over the weekend but the one exception is the US dollar, which is under broad pressure.

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US May ISM manufacturing index 43.1 vs 43.7 expected

June 1, 2020 22:02   Forexlive Latest News   Market News  

May ISM manufacturing index
Details:
For bank trade ideas, check out eFX Plus

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US construction spending for April month -2.9% vs. -7.0% estimate

June 1, 2020 22:02   Forexlive Latest News   Market News  

US construction spending for April
– construction spending -2.9% vs. -7.0% estimate
For bank trade ideas, check out eFX Plus

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US May final Markit PMI 39.8 vs 40.0 expected

June 1, 2020 21:45   Forexlive Latest News   Market News  

May 2020 Markit manufacturing data
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Canada Markit manufacturing PMI for May 40.6 vs. 33.0 last month

June 1, 2020 21:33   Forexlive Latest News   Market News  

Manufacturing PMI for Canada
Canada’s Markit manufacturing PMI for the month of May rose to 40.6 from 33.0 in April.  The plunge last month was the lowest level on record for this index. The index last peaked at 51.8 in February before the Covid – 19 related fall.

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Study of Gilead’s remdesivir shows improvement in moderate cases

June 1, 2020 20:51   Forexlive Latest News   Market News  

Results of the latest study
Gilead released its of patients with moderate COVID-19 and reported that patients on a 5-day tready were “65 percent more likely to have clinical improvement at Day 11 compared with those in the standard of care group.”

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Manufacturing is the focus of the North American economic calendar

June 1, 2020 20:29   Forexlive Latest News   Market News  

ISM manufacturing data is due today
The focus of the economic calendar today is the industrial segment of the economy.
A flurry of data starts at 1330 GMT (9:30 am ET) with the release of the Canadian Markit manufacturing PMI. There’s no consensus but the prior was +33.0.

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Johnson spokesman: We will monitor situation and reimpose measures for local outbreaks

June 1, 2020 20:26   Forexlive Latest News   Market News  

Comments from Boris Johnson spokesman Slack:
There’s nothing for the pound here but the market is tuned back into the Brexit drama so that should keep GBP moving until year-end.

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