Foreign exchange information from the European buying and selling session – 10 September 2020

Headlines:

Markets:

  • CHF leads, AUD lags on the day
  • European equities barely decrease; E-minis down 0.5%
  • US 10-year yields flat at 0.70%
  • Gold up 0.1% to $1,949.50
  • WTI down 1.4% to $37.51
  • Bitcoin up 0.4% to $10,302

EOD 10-09
The market noticed extra calm in European morning commerce with one eye on the ECB and the opposite awaiting the observe up from Wall Avenue after a bounce yesterday.

The chance temper was extra cautious early on and US futures are holding somewhat decrease as we glance in the direction of North American buying and selling now, placing a drag on European shares as nicely.

Within the currencies house, there weren’t a lot notable motion with the pound holding extra resilient at the moment regardless of continued Brexit issues.

Cable caught round 1.2990-20 for probably the most half because the EU and UK are set to satisfy later at the moment to debate on the interior market invoice and learn how to transfer ahead.

The euro is holding somewhat larger round 1.1820-40 forward of the ECB assembly however continues to be trapped between key near-term ranges, so it is not indicative of a lot.

In the meantime, commodity currencies are additionally buying and selling extra narrowly with the aussie and kiwi somewhat decrease however AUD/USD is settling in a 24 pips vary thus far at the moment.

All eyes are on the ECB subsequent at 1145 GMT earlier than we get to digesting the chance temper as soon as once more when US markets open later within the day.