The International Energy Agency (IEA) raised its forecast for global oil demand in 2020 but warned that the recovery may face some obstacles due to the high number of new COVID-19 cases worldwide. The agency said in a monthly report that the collapse of fuel consumption during Q2 was less …

European stocks continued to post losses for the fourth straight session on Friday, as fears increased over the economic recovery due to the rise in COVID 19 cases worldwide. The pan-European STOXX 600 index (STOXX) slipped 0.4% by 07:14 GMT, (SXEP) sliding 1.4%. Other growth-sensitive sectors such as miners, insurers …

Japan

Asian shares and US stock futures fell on Friday, with an increase in the number of Covid-19 cases in the United States, which casts fears on the outlook for economic recovery. At the same time, investors looked forward to the earnings season. MSCI’s broadest index of Asia-Pacific shares outside Japan …

FX option expiries for July 10 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1200 892m1.1300 529m1.1400 536m – USD/JPY: USD amounts          107.15 795m108.00 572m

After a short-term recovery to daily highs in 96.55 / 60 range, dollar fell to 96.30 area on US Dollar Index The demand for the safe-haven remained light for the second consecutive session, after the good sentiment in the market and investors turning to risky assets. Investors focus now on …

Weekly jobless claims in the U.S. decreased by an estimated 99,000 last week as data released by U.S. Department of Labor Thursday shows. The number reached 1,314,000 initial claims for unemployment benefits in the week ending July 4th, better than market expectations at 1,375,000 and higher than the previous week …

World Health Organization (WHO) Director-General Dr Tedros Adhanom Ghebreyesus said earlier on Thursday that the coronavirus pandemic is not under control in most parts of the world and it is getting worse. “We know that when countries take a comprehensive approach, the COVID-19 outbreak can be brought under control,” Tedros …

The UK’s Department of Health and Social Care said this Thursday that cases identified by England’s test and trace system reached 14,892 people were identified as close contacts of positive COVID-19 cases. The department of Health added that “of these people, 70.8% were reached and asked to self-isolate.” “4,347 people …

EUR/GBP maintained its performance in the mid-European session and last seen hovering around its lowest level in three weeks, just above the mid-0.8900s. The pair came under fresh selling pressure on Thursday and expanded its recent retreat from three-month highs set on June 29. Positive sentiment around sterling was the …