SILVER TECHS

Trading Sideways But Still Looking For Gains

EUROZONE

ESTR O/N FIX

GOLD TECHS

Consolidating

WTI TECHS

(Z20) Support Remains Intact

BRENT TECHS

(Z20): Focus Remains On the Directional Triggers

DOLLAR-CANADA

Bullish Despite Recent Pullback

MNI EXCLUSIVE: Fed May Shift QE Purchases Towards Long End

WASHINGTON (MNI)

While the Fed would want to see more data before easing further, a first step could be to shift the average maturity of the cenral bank's asset purchase program.

POLICY

MNI EXCLUSIVE: Fed May Shift QE Purchases Towards Long End

While the Fed would want to see more data before easing further, a first step could be to shift the average maturity of the cenral bank's asset purchase program.

MNI SOURCES: Boosts To APP, PEPP On ECB Radar; Need Disputed

While some in the ECB want to see more data before easing further, others are proposing an extension of the Bank's pre-Covid QE programme.

DATA

POLITICAL RISK

Fox Reporter Flags Several Fiscal Stumbling Blocks

A Fox reporter tweets: "From sources familiar with today's House Democratic Caucus conference call

  • House committee chairs told rank and file members that "language" continues to be a problem in getting a universal coronavirus agreement.
  • Testing and contact tracing for minority communities continues to be an issue. There is concern about getting enough assistance for Head Start, child care and food assistance for those in poverty.
  • House Speaker Nancy Pelosi (D-CA) told Democrats they can't make matters worse. She also pushed for direct payments."

Progress In Fiscal Talks, But Not There Yet (Fox)

A Fox reporter tweets: "Meadows says he spoke w/Mnuchin on coronavirus bill. Says there's progress but no one is "popping the champagne corks yet""

Gove Talks Down Further EU-UK Discussion As Barnier Offers Intensified Talks

Cabinet Office Minister Michael Gove speaking in the Commons says that trade negotiations with the EU are in effect ended, and that future talks without a change in stance from the EU "are meaningless and would not bring the two sides closer to a solution."

  • Says there is "no basis to find an agreement".
  • Says if "EU wants to change the situation it must have a fundamental change in approach".
  • It seems that most of these comments are the same those given by PM Johnson last Friday.
  • As such, they may not take into account the Joint Committee meeting earlier today and today's phone call between negotiators Barnier and Frost.
Stay Ahead Of The Curve With MNI