The Important Things That You Should Know On 07/10/2020

1️⃣ US President Donald Trump announced that he has ended talks on a new relief package with Democrats. US Stocks and gold tumbled as soon as the announcement has been made, while USD traded higher, boosted by safe-havens flow.

2️⃣ Federal Reserve Chairman Jerome Powell called on lawmakers to act and warned of an uncertain path ahead. The Fed's meeting minutes from its September decision are due out later on Wednesday and may shed light on how policymakers see the economy and how ready they are to enlarge the bond-buying scheme.

3️⃣ US President Donald Trump is recovering from coronavirus and his doctor said that the president is reporting no symptoms.

4️⃣ Vice President Mike Pence will debate against VP candidate Senator Kamala Harris later on Wednesday.

5️⃣ COVID-19 infection in Europe continue to escalate, with Germany reported the highest number of cases since mid-April.

6️⃣ European Central Bank President Christine Lagarde repeats her stance that the ECB is not targeting the exchange rate, but taking the euro's appreciation into account.

7️⃣ The latest reports from Brexit negotiations show some progress has been made, yet fisheries remain a sensitive topic.

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