FX Coinbot

China reaffirms will take necessary countermeasures on foreign interference in HK

27 May 2020

Comments by the Chinese foreign ministry
See here for global coronavirus case data

Watch: ECB president Lagarde in Q&A session

27 May 2020

The session is scheduled to begin at the bottom of the hour
See here for global coronavirus case data

European equities a little higher at the open

27 May 2020

Some mild optimism after the strong gains yesterday
- Eurostoxx +0.2%
- Germany DAX +0.4%
- France CAC 40 +0.3%
- UK FTSE +0.4%
- Spain IBEX +0.5%
See here for global coronavirus case data

INSEE says that French GDP may fall around 20% in Q2

27 May 2020

An estimate put out by the French statistics agency
Morgan Stanley made a forecast of the US economy contracting by 38% for this quarter
See here for global coronavirus case data

UK's Jenrick on Cummings issue: Now is the time for us all to move on

27 May 2020

Comments by UK housing minister, Robert Jenrick
Regardless of how lame his excuse was to justify his actions as being "reasonable", the fact that we are seeing this manifest in such a way is but a reflection of the poor impression that the UK government has given out in handling the virus crisis in the first

Dollar keeps a little firmer to start the session

27 May 2020

Not a whole lot is happening so far
See here for global coronavirus case data
The dollar is holding slight gains since early trading today, and that isn't really changing despite some mild optimism in equities to start the session.

S&P500, 200DMA and the 3000 level

27 May 2020

At the crossroads.
There is one area generating a lot of attention right now and that is the Daily 200 moving average on the S&P500. In the last two major recessions of 2000 and 2008 the 200 daily moving average acted as a 'barrier' to any attempt at a bullish recovery. It is the place that

Eurostoxx futures +0.3% in early European trading

27 May 2020

Mild optimism in early trades
- German DAX futures +0.5%
- UK FTSE futures +0.5%
- Spanish IBEX futures +0.5%
This mirrors the mood seen in US futures, which are up by 0.6% to start the session. Talks of more stimulus by Japan is helping to keep risk appetite more on the positive side of things, but so far

Nikkei 225 closes higher by 0.70% at 21,419.23

27 May 2020

Japanese stocks get a boost from more stimulus talk
The government is reportedly going to be pouring another ¥100 trillion at least in , and that is helping to give the Nikkei a bit of a lift today.

EU says to weigh 'robust' message to China over Hong Kong issue

27 May 2020

EU foreign affairs minister, Josep Borrell, remarks
they are weighing up measures, but nothing until the end of the week
We'll see how this develops but I wouldn't be surprised if the actions taken are rather 'soft' when all this is said and done.