Philly Fed September non-manufacturing index +8.0 vs +1.6 prior

22 Sep 2020
Lower level economic data from the Philly Fed
There is no stall out here and even the dip in new orders leaves it at a healthy level.
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Uneasy calm greets New York trading ahead of manufacturing and housing data

22 Sep 2020
Fedspeak also high on the agenda
Moody's was just out with a note on US homebuilders, raising its outlook on the sector to neutral from negative. I get a kick out of how far behind the curve that ratings agencies constantly are.
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The JPY is the strongest and the EUR is the weakest as NA traders enter for the day

22 Sep 2020
The USD is modestly higher
As North American traders enter for the day the JPY is the strongest and the EUR is the weakest. However, take note that the different currencies are relatively bunched together. That is there is no clear winner in the race for the strongest and weakest. The market is unsure. The market is waiting for
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UK PM Johnson: We have reached a perilous turning point on the coronavirus

22 Sep 2020
UK prime minister, Boris Johnson, outlines new coronavirus restrictions as he speaks in parliament
- Schools, colleges, and universities will stay open
- This is by no means a return to the full lockdown in March
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ForexLive European FX news wrap: Pound slips to two-month low, then rebounds

22 Sep 2020
Forex news from the European trading session - 22 September 2020
Headlines:
Markets:
- GBP leads, EUR lags on the day
- European equities higher; E-minis up 0.2%
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Ireland's Coveney: There is a growing sense that perhaps UK doesn't want a Brexit deal

22 Sep 2020
Comments by Irish foreign minister, Simon Coveney
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Brexit talks reportedly going 'a bit better than expected', said to have 'window of opportunity'

22 Sep 2020
Sky News political editor, Beth Rigby, tweets
"Was decided in June there would be informal talks before the 9th round (next week). EU source tells me that talks have been going a bit better than expected & there is a 'window of opportunity' (subject to the full application of WA)"
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USD/JPY hangs on above 104.00 but sellers still keep near-term control for now

22 Sep 2020
USD/JPY trade a little lower at 104.40 levels currently
The pair looked almost set for a break under 104.00 yesterday before a bid came through near the figure level to .
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Brexit: EU's Barnier reportedly heading to London for informal talks tomorrow

22 Sep 2020
Something to take note of in case we hear of anything
This, according to BBC political correspondent, Laura Kuenssberg:
"in other news... EU sources say Barnier coming to London for informal talks tomorrow, and here until Friday, and Gove heading to Brussels on 28th for Joint Committee talks"
Looks like they may try to wrestle a bit of
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UK September CBI trends total orders -48 vs -40 expected

22 Sep 2020
Latest data released by CBI - 22 September 2020
The slight setback here underscores that any recovery momentum among UK manufacturers remains tepid at best, and the situation may yet get worse once government stimulus starts to run its course ahead of the closing months of the year.
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