FX option expiries for July 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1300 550m1.1350 2.5bn1.1375 1.0bn1.1400 2.6bn1.1425 845m1.1450 617m1.1500 1.1bn – USD/JPY: USD amounts 107.00 476m
Read More »Market Weekly Overview
The return of tensions between Washington and Beijing was the centre of attention last week, with the increase in COVID-19 cases in the United States to unprecedented numbers, along with the tensions of the American presidential elections and doubts about Trump’s ability to win the upcoming polls amid the increasing …
Read More »Wall Street Set to Open Higher
Key Wall Street indices are set to open higher on Friday, as investors optimistic about more official stimulus to push the post-epidemic economic recovery even with record numbers increasing in COVID-19 cases. Dow e-minis were up 157 points, or 0.59%. S&P 500 e-minis were up 21.5 points or 0.67% and …
Read More »US Housing jump in June
Homebuilding in the U.S. increased in June with reports of rising demand for housing in low-density areas as companies allowed employees to work from home due to the pandemic. On Friday, the Ministry of Commerce said housing starts rose 17.3% to a seasonal annual rate of 1.186M. May data was …
Read More »New Record For Covid-19 Cases in US
The United States set a new record in the number of new cases of Covid-19, with 77,300 new cases recorded on Thursday, bringing the total number of current cases to over 3.5 million in the United States.The number of deaths associated with Covid 19 rose to 924, the highest since …
Read More »European Council Meeting For Two Days to Discuss The Economy Rescue Package
EU leaders are meeting Friday and Saturday in Brussels to discuss the recovery plan to respond to the COVID-19 crisis and a new long-term EU budget. This is the first physical meeting since the coronavirus pandemic started. The meeting will be dedicated to discussing the multiannual budget of the EU …
Read More »BoE’s Bailey: Financial Markets Indicate Interest Rates Will Stay Very Low
Bank of England (BoE) Governor Andrew Bailey said on Friday that the “financial markets indicate that interest rates will remain very low.” “People can see that we are committed to keeping markets stable via quantitative easing,” Bailey said, adding that “there is a legitimate question about what we do with …
Read More »UK PM Johnson: Ministers Will be Able to Close Whole Sectors in an Area
The national lockdown in the UK was undoubtedly the right thing to do, British Prime Minister Boris Johnson reiterated on Friday. Quotes“We can now control the virus through targeted local lockdowns.”“We are publishing framework for containing future outbreaks.”“Local authorities will be given new powers from tomorrow.”“Ministers will be able to …
Read More »ECB Survey Reflects Optimism About The European Economy
The bank’s Survey of Professional Forecasters showed on Friday showed on Friday that the Eurozone economy may contract this year less than what the European Central Bank (ECB) expected and may recover faster. The quarterly survey sees the economy shrinking by 8.3% this year, a downgrade from its May projection …
Read More »Eurozone CPI rises 0.3% MoM
Eurozone CPI rose 0.3% year-on-year, in line with expectations, according to Eurostat’s final reading of the Eurozone CPI report for June. The key figures came in line with expectations as well, reaching 0.8% in the same month. On a monthly basis, the main Eurozone CPI rose by 0.3% in June, …
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