Asia Roundup: Kiwi rallies on Ardern's historic re-election win, dollar gains against yen amid U.S. coronavirus relief deal hopes, Asian shares surge - Monday, October 19th, 2020
Europe Roundup: Euro dips on fading U.S. stimulus hopes, virus concerns, Europe shares tumbles 2%, Gold falls, Oil slips as new lockdown measures threaten demand recovery-October 15th,2020
Europe Roundup: Sterling edges up as Brexit mood brightens ,European shares gains, Gold firms ,Oil rises above $42 on supply losses, U.S. stimulus hopes-October 8th,2020
Europe Roundup: Sterling gains against dollar as traders bet on Brexit breakthrough, U.S. stimulus bets ,European stocks gains ,Gold firms ,Oil falls on demand concerns and new European lockdowns-October 19th,2020
Asia Roundup: Kiwi eases on negative interest rates expectations, dollar slumps against yen as Trump's stimulus proposal draws criticism, Chinese stocks boost Asian markets higher - Monday, October 12th, 2020
America’s Roundup: Dollar steady as markets wait on stimulus news, Wall Street hits one-month high, Gold firms, Oil jumps on supply losses, possible OPEC output reversal-October 9th,2020
Europe Roundup: Sterling holds above $1.30 ahead of new lockdown measures ,European shares gains ,Gold slips from three-week high, Oil prices fall as supply concerns ease-October 12th,2020
America’s Roundup: Dollar steadies after coming under pressure, Wall Street falls, Oil ends up on supply issues, nixed U.S. stimulus talks a bearish sign-October 7th,2020
America’s Roundup: Dollar drifts downward as investors cling to stimulus hopes,Wall Street gains,Gold slips, Oil prices fall 3% as U.S., Libyan, Norwegian supplies resume-October 13th,2020
America’s Roundup: Dollar slips as investors eye Biden presidency, Wall Street finishes up, Gold jumps 1%,Oil prices slip over 1% after Norway oil worker strike ends-October 10th,2020
Europe Roundup: Sterling edges lower as Brexit negotiations continue, European shares dips,Gold steadies, Oil rebounds as strong China trade data offsets supply concerns-October 13th,2020
America’s Roundup:Dollar falls for second day as U.S. political concerns grow, Wall Street gains, Gold firms, Oil inches up on U.S. stimulus hopes, rising virus cases keep prices in check-October 21st,2020
Europe Roundup: Sterling little changed against dollar as traders hope for Brexit trade deal, European shares edge higher, Gold holds steady, Oil steadies but coronavirus and supply pressures remain-October 20th,2020
Europe Roundup: Euro rises on softer dollar, U.S. stimulus hopes, European stocks rise, Gold rises,Oil prices head for 10% weekly jump on North America, Norway outages-October 9th,2020
Europe Roundup: Sterling bounces on hope of further Brexit talks, European shares dip, Gold gains, Oil prices ease as coronavirus spike stokes demand concerns-October 14th,2020
America’ Roundup: Sterling regains lost ground after BoE negative rate talk,Wall Street falls ,Gold slips ,Oil rises 2%, reverses loses as OPEC+ addresses market weakness-September 18th,2020
•US Sep Philly Fed CAPEX Index 31.00, 23.00 previous
•US Aug Housing Starts (MoM) -5.1%, 22.6% previous
•US Continuing Jobless Claims 12,628K,13,000K forecast, 13,385K previous
•US Jobless Claims 4-Week Avg 912.00K, 970.75K previous
•Canada ADP Nonfarm Employment Change -205.4K, 1,149.8K previous
•US Sep Philly Fed Employment 15.7,9.0 previous
•US Sep Philly Fed Prices Paid 25.10,15.30 previous
•US Sep Philly Fed New Orders 25.5, 19.0 previous
•US Aug Building Permits (MoM) -0.9%, 17.9% previous
•US Sep Philadelphia Fed Manufacturing Index 15.0, 15.0, 17.2 previous
•US Aug Housing Starts 1.416M,1.478M forecast, 1.496M previous
•US Sep Philly Fed Business Conditions 56.6, 38.8 previous
•US Aug Building Permits 1.470M,1.520M forecast, 1.483M previous
•Russia Central Bank Reserves (USD) 591.8B,591.7B previous
• Natural Gas Storage 89B,79B forecast, 70B previous
• US 8-Week Bill Auction 0.095% , 0.105% previous
• US 4-Week Bill Auction 0.080%, 0.090% previous
Looking Ahead – Economic Data (GMT)
•23:30 Japan Aug CPI, n.s.a (MoM) 0.1% previous
•23:30 Japan Aug National Core CPI (YoY) -0.4%,0.0% previous
•23:30 Japan Aug National CPI (YoY) 0.3% previous
•23:30 Japan CPI Tokyo Ex Food and Energy (MoM) -0.3% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events ahead
EUR/USD: The euro was little changed against dollar on Thursday after U.S. weekly jobless claims data pointed to a sluggish economic recovery. Immediate resistance can be seen at 1.1840 (21 DMA), an upside break can trigger rise towards 1.1935 (Higher BB).On the downside, immediate support is seen at 1.1729 (38.2%fib), a break below could take the pair towards 1.1756 (Lower BB ).
GBP/USD: The pound fell sharply on Thursday after the Bank of England said it had briefed monetary policymakers on how a negative interest rate could be brought in, before recovering most of the lost ground in later trading. The Bank of England kept its main stimulus programmes on hold, as expected, and said that Britain’s economy had performed better than expected. Sterling fell as much as 0.7% against the dollar in the ten minutes after the meeting minutes were released, then extended losses to as low as $1.2866. By 2015 GMT, the pound was at $1.2977, up just 0.08% on the day . Immediate resistance can be seen at 1.2987 (50% fib), an upside break can trigger rise towards 1.3063 ( 14 DMA).On the downside, immediate support is seen at 1.2865 (38.2% fib), a break below could take the pair towards 1.2714 (23.6%fib).
USD/CAD: The Canadian dollar weakened to a one-week low against its U.S. counterpart on Thursday as global stocks and oil prices fell, while domestic data showed payroll jobs declined for the sixth straight month. The loonie was trading 0.3% lower at 1.3222 to the greenback, or 75.63 U.S. cents. The currency touched its weakest intraday level since Sept. 9 at 1.3247. Canada lost 205,400 nonfarm payroll jobs in August, the sixth straight month of decline, a report from payroll services provider ADP showed. The report is derived from ADP’s payrolls data. The ADP data paints a bleaker picture than government labour market data. Immediate resistance can be seen at 1.3437(Daily high), an upside break can trigger rise towards 1.3467 (Feb 28th high).On the downside, immediate support is seen at 1.3132 (5 DMA), a break below could take the pair towards 1.3332 (11 DMA).
USD/JPY: The dollar declined to hit seven week low against the Japanese yen on Thursday after the U.S. Federal Reserve’s pledge to keep rates near zero until at least 2023. The U.S. central bank on Wednesday vowed to keep interest rates near zero until inflation is on track to overshoot its 2% target . New economic projections released with the policy statement showed most policymakers see interest rates on hold through to at least 2023, with inflation not breaching 2% over that period. Strong resistance can be seen at 105.16 (Daily high), an upside break can trigger rise towards 105.55 (50% fib).On the downside, immediate support is seen at 104.47 (38.2%fib), a break below could take the pair towards 104.00 (Psychological level).
European shares broke a four-day winning run on Thursday, with banks reeling from the prospect of near-zero interest rates for a prolonged period, while a technology stock sell-off continued on Wall Street, piling pressure on European tech shares.
UK's benchmark FTSE 100 closed down by 0,48 percent, Germany's Dax ended down by 0.36 percent, France’s CAC finished the day down by 0.68 percent.
U.S. stock indexes dropped more than 2% on Thursday as the swift spread of the coronavirus in the United States led California to declare an emergency, while airline stocks were hammered by crippled travel demand.
Dow Jones was ended down by 0.47 percent, S&P 500 was trading lower by 0.82 percent, Nasdaq was trading down by 1.27 percent.
U.S. Treasury yields came back from declines on Thursday as stocks pared losses, but the yield curve remained flatter as investors stayed skeptical of Federal Reserve efforts to stimulate economic growth and took stock of areport showing persistently high jobless claims.
The yield on the benchmark 10-year U.S. Treasury note was down half a basis point at 0.6822% in afternoon trading after touching as low as 0.646%, the lowest since Sept.4, on Thursday morning.
Gold prices fell on Thursday to the lowest in more than a week, after the U.S. Federal Reserve dashed investors’ hopes for more stimulus to support the coronvirus-hit economy.
Spot gold was up 0.5% at $1,949.64 an ounce by 1147 GMT, off an earlier low of $1,929.69, while U.S. gold futures gained 0.6% to $1,958.10.
Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel. Both contracts rose more than 4% on Wednesday.