Foreign exchange information from the European buying and selling session – 11 September 2020

Headlines:

Markets:

  • AUD and NZD lead, JPY lags on the day
  • European equities blended; E-minis up 0.8%
  • US 10-year yields up 1.1 bps to 0.688%
  • Gold flat at $1,946.85
  • WTI up 0.4% to $37.45
  • Bitcoin flat at $10,305

EOD 11-09
ECB policymakers had been the noisiest bunch in European morning commerce as we speak, as they injected extra calm surrounding a stronger euro – with exception to Philip Lane.

The only forex posted respectable positive aspects because it broke above its 200-hour transferring common in opposition to the greenback, climbing from 1.1830 to 1.1874 and is just under that now.

In the meantime, threat is faring higher typically regardless of the blended tones in European markets with US futures posting extra modest positive aspects and by no means actually faltered on the session.

That can be preserving commodity currencies extra bid with AUD/USD rising from 0.7280 to 0.7300 whereas NZD/USD is preserving nearer in the direction of 0.6900.

The pound continues to cut round because it rose to a excessive of 1.2865 solely to slide all the best way again to a low of 1.2763 and is now simply again above 1.2800 on the day.

Brexit worries proceed to maintain any shopping for momentum in-check for now.

Trying forward, all eyes can be on Wall St to determine some firmer path after the setback yesterday. Will there be extra jitters to observe forward of the weekend? We’ll see.

I’ll be off subsequent week, so I wish to want everybody a fantastic weekend forward and likewise a beautiful week to return as nicely. Have one!