Sec of State Pompeo has ended the US sanction waiver on Iran deal

27 May 2020
HAs placed sanctions on two Iranian nuclear officials 
more to come  
Earlier:
See here for global coronavirus case data
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Full vetting underway for 10 candidate to be Biden vice-president - report

27 May 2020
Kamala Harris is the front-runner
Charlie Gasparino from Fox Business reports that Kamala Harris is the frontrunner to be Joe Biden's running mate after his "recent black voter flub" and also that Amy Klobuchar and Gina Raimondo are on the list.
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Fed's Bostic: Pandemic relief will need to be lasting and means-tested

27 May 2020
Comments from the Atlanta Fed leader
He was speaking in an online talk.
See here for global coronavirus case data
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The US economic calendar picks up tomorrow

27 May 2020
What's coming up
There are a few notable economic releases in the US tomorrow:
There hasn't been a single instance of weekly claims hurting sentiment throughout the pandemic and I don't see why that would change now. The risk is that claims are lower than anticipated and that would add to optimism. GDP is old news. Durable
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Nasdaq snaps into positive territory

27 May 2020
Nasdaq now higher on the day
The Nasdaq fell 2% at one point today but is now up 0.1% in another impressive turnaround. Money continues to flood into the market despite the Hong Kong situation as optimism about the economy reopening continues to build.
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Huawei CFO loses first bid to get extradition request charged

27 May 2020
Meng will remain under house arrest
Huawei's CFO will remain under house arrest. Her lawyers tried the argument that the sanctions violations charges she faces in the US aren't a crime in the US. A British Columbia judge ruled against that but she has 30 days to appeal.
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Beige Book: Economic activity declined in all districts – falling sharply in most

27 May 2020
Highlights of the Beige Book released May 27, 2020:
More to come
The overall summary is about what you would expect:
Economic activity declined in all Districts - falling sharply in most -
reflecting disruptions associated with the COVID-19 pandemic. Consumer
spending fell further as mandated closures of retail establishments
remained largely in place during most of the
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Bullard: Favors forward guidance based on state of econ vs calendar

27 May 2020
Comments from St Louis Fed President James Bullard:
The Fed's Clarida said hew as more in favor of calendar guidance. The Beige BOok will be out in moments.
See here for global coronavirus case data
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US coronavirus deaths rise by 770 vs 592 a day ago

27 May 2020
The latest CDC data
It looks like we will pass 100,000 on the CDC count tomorrow with the data to be released Friday. The US numbers have fallen rapidly, as recently as last week there were more than 1500 deaths per day.
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Stay short GBP/JPY - MUFG

27 May 2020
A look at GBP against JPY from Mitsubishi UFJ


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MUFG Research
"
While the pound was buoyant at the start of the day, the comments from
BoE Chief Economist Andy Haldane certainly helped fuel further buying.
The risk of short GBP
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