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Another leg up for yen crosses

Apart from what has already been posted there is no fresh news  'Risk FX, as indicated by AUD/JPY is higher to being the week. Its just after 8am in SG and HK now, after 9 ion Tokyo

ECB President Lagarde spoke on Saturday - expects euro zone faces 2 years of disinflation

European Central Bank President Christine Lagarde said the euro zone faces about two years of downward pressure on prices - then a turnaround after that because the coronavirus crisis will accelerate the transformation of the economy In the meantime though ECB to keep monetary policy exceptionally loose

Yen crosses opening the new week with a bid

An update heading into the Tokyo morning (its just after 8am in Tokyo) - AUD, NZD up against the USD while the yen is down. Hence yen crosses doing OK. Perhaps related to weekend news being not as bad as it might be, but its still early and anything can happen

Coronavirus - Oxford University is leading in the vaccine race

A piece in The Economist says a team at the university in the UK is a front runner in COVID-19 vaccine hunt. The Economist is usually tightly gated, but New Zealand press have the article  

Trump tweets US coronavirus cases up because of more testing

The latest from Kanye's main foe in the US election: Trump summary mixes up causation but he correct on the death rate falling (if that is what he means). Which is good news. 

The US will send two aircraft carriers to the South China Sea for exercises

USS Ronald Reagan and USS Nimitz carrier groups are to hold some of the US Navy's largest exercises in recent years in the South China Sea - began on Saturday For added interest the exercised are being held at the same time China is holding drills in the area.

It looks like COVID-19 did not start in China after all - Italy, Spain had it much earlier

A doc at Oxford University's Centre for Evidence-Based Medicine says coronavirus may have lain dormant across the world rather than starting in China

Goldman Sachs forecast for US GDP growth revised down

Goldman Sachs economists revised down their projection for economic growth in the US, to a contraction of 4.6% this year (from previous projection at -4.2%) - Contraction this quarter Report published over the weekend. 

BoE Gov Bailey (weekend press report) preparing City for negative rates

Bank of England Governor Andrew Bailey warned banks they would face challenges negative interest rates would bring The Sunday Times with the report, citing a letter Bailey sent last month

Trade ideas thread - Monday 6 July 2020

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:

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