Articles

Brazil June Markit services PMI 35.9 vs 27.6 prior

July 3, 2020 21:05   Forexlive Latest News   Market News  

Brazil recovers even with the virus raging
We don’t normally cover Brazilian data but there’s nothing else going on right now and it might offer a baseline for other countries that have tackled infections.

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Coronavirus continues to simmer in Saudi Arabia

July 3, 2020 20:56   Forexlive Latest News   Market News  

Saudi Arabia reports 4193 cases vs 3383 yesterday
Early in June there was considerable worry about spiking coronavirus cases in Saudia Arabia. Since then they appear to have blunted the spike but haven’t been able to reverse the rise. The 4193 cases today are the eighth worst day for the country.

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No economic data today, just coronavirus news

July 3, 2020 20:29   Forexlive Latest News   Market News  

It’s the 4th of July holiday
US markets are closed today for the independence day holiday but S&P 500 mini futures are trading. They’re about 3 points below fair value and there isn’t much of a signal there.

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ForexLive European FX news wrap: All quiet as the weekend looms

July 3, 2020 19:21   Forexlive Latest News   Market News  

Forex news from the European trading session – 3 July 2020
Headlines:
Markets:
– NZD leads, GBP lags on the day
– European equities lower; E-minis down 0.1%

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France’s Macron appoints Jean Castex as prime minister

July 3, 2020 18:49   Forexlive Latest News   Market News  

Castex will succeed Eduoard Phillipe, who resigned earlier today

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European equities sag amid quiet trading

July 3, 2020 18:26   Forexlive Latest News   Market News  

European indices ease further, gradually extending losses on the session
There isn’t any fresh catalyst driving the moves here as European equities are sagging amid a more quiet and thinner liquidity session. The DAX is now down by 0.6% with other European indices also seeing similar losses as the risk mood tilts a little to the

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German chancellor Merkel to meet with Dutch PM Rutte next week

July 3, 2020 18:26   Forexlive Latest News   Market News  

The meeting is confirmed by a German government spokesperson
The two will be meeting in Berlin on Thursday next week. This is likely to iron out a possible compromise ahead of the EU summit that is due to take place on 17-18 July. Just keep your eyes and ears peeled in case we hear of anything

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AUDUSD upside bias, but low liquidity warrants caution

July 3, 2020 17:09   Forexlive Latest News   Market News  

Low liquidity 
Looking to trade the AUDUSD
 to learn more.
Checkout ForexSource.co

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Friday 3rd July: Asian markets gain on US non-farm payrolls

July 3, 2020 17:09   ICMarkets   Market News  

Global Markets:

  • Asian Stock Markets : Nikkei up 0.66%, Shanghai Composite up 2.01%, Hang Seng up 0.99%, ASX up 0.42%
  • Commodities : Gold at $1784.00 (-0.34%), Silver at $18.24 (-0.46%), Brent Oil at $42.64 (-1.16%), WTI Oil at $40.16 (-1.21%)
  • Rates : US 10-year yield at 0.669, UK 10-year yield at 0.179, Germany 10-year yield at -0.440

News & Data:

  • (USD) Unemployment Claims 1427K vs 1350K expected
  • (USD) Unemployment Rate 11.10% vs 12.40% expected
  • (USD) Non-Farm Employment Change 4800K vs 3037K expected
  • (USD) Average Hourly Earnings m/m -1.20% vs -0.80% expected
  • Italian service sector downturn continues to ease in June

Markets Update:

Asian stock markets are higher on Friday following the overnight gains on Wall Street after a report by the U.S. Labor Department showed another record spike in employment in the month of June and added to optimism about an economic recovery. Data showing that China’s service sector expanded strongly in June also boosted sentiment.

In Japan, the Nikkei 225 added 0.7% while the Topix index ended its trading day 0.6% higher. South Korea’s Kospi advanced 0.8%. Mainland Chinese stocks were among the region’s biggest gainers on the day, with the Shanghai composite surging 2%. Over in Australia, the S&P/ASX 200 finished its trading day 0.4% higher.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.2 after earlier touching a high of 97.291. Crude oil prices climbed on Thursday, with stronger than expected jobs data and optimism about a potential coronavirus vaccine triggering hopes that energy demand will pick up soon.

Upcoming Events:

  • 08:30 AM GMT – (GBP) Final Services PMI

Saturday, July 04, 2020

  • 10:40 AM GMT – (EUR) ECB President Lagarde Speaks

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What’s happening at the start of the trading day?

July 3, 2020 17:05   Forexlive Latest News   Market News  

Quiet on a shortened week
Looking to find out what you need to know before each trading day?
 to learn more.
Checkout ForexSource.co

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UK PM Johnson on Brexit: We need to get a good deal

July 3, 2020 16:45   Forexlive Latest News   Market News  

Comments by UK prime minister, Boris Johnson
– We are not remotely being disrespectful to the EU
– Don’t think it is right to proceed by obeying EU rules
– There is a good agreement to be reached
Just some token remarks by Johnson as all of this continues to allude to the fact that both sides are still

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