America’s Roundup: Dollar recovers some overnight losses , Wall Street gains,Gold steadies near multi-year peak, Oil rises on improving economic data but virus case jump caps gains-June 30th,2020
Asia Roundup: Aussie at 1-week peak on Trump's assurance over U.S.-China trade pact, dollar gains as traders speculate pandemic recovery, Asian shares rebound - Tuesday, June 23rd, 2020
America’s Roundup: Dollar stumbles as jump in coronavirus cases dented the economic outlook, Wall Street ends higher, Gold hits highest since October 2012, Oil flat, near highest since March, after Trump assurance on China trade-June 24th,2020
Europe Roundup: Euro dips as coronavirus surge unnerves investors European stocks dips, Gold soars towards 8-year high, Oil falls on rising stocks, worries of new virus wave-June 24th,2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
America’s Roundup: Dollar edges lower amid uncertain U.S. outlook, Wall Street gains,Gold gains, Oil slips slightly on rising coronavirus cases, returning Libyan supplies-1st July 2020
Europe Roundup: Sterling gains on infrastructure spending promise, Brexit caps gains, European shares gain Gold holds close to near 8-year peak, Oil rises on improving economic data, supply cut-June 29th,2020
Europe Roundup: Sterling gains on weaker dollar, Brexit hopes, European shares dips,Gold hits 1-month peak, Oil steady as a rise in virus cases counters tighter supplies-June 22nd 2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
Asia Roundup: Aussie rebounds on RBA Lowe's comments, greenback steadies near recent peaks amid fears of virus second wave, Asian shares consolidate - Monday, June 22nd, 2020
America’s Roundup: Dollar falters as decent U.S. data curbs safe haven demand, Wall Street gains, Gold retreats from near 8-year peak, Oil prices firm on factory, inventory data-July 2nd, 2020
Asia Roundup: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 2020
Europe Roundup: Euro dips on fears of pandemic wave, European stocks rebound, Gold steadies, Oil slips towards $40 on record U.S. inventories, COVID fears-June 25th,2020
Asia Roundup: Euro eases following ECB Knot's comments, yen rallies as resurgent virus threatens global economic recovery, Asian shares consolidate - Friday, June 26th, 2020
Europe roundup: Sterling gains as dollar sags, investors eye month-end for trade deal, European stocks surge,Gold steadies off 8-year high, Oil prices gain on fall in U.S. crude stockpiles-July 2nd 2020
America’s Roundup: Dollar climbs as U.S.-China tensions lift greenback, Wall Street ends mixed, Gold firms, Oil drops 4% on China-U.S. tensions, energy demand doubts-May 23rd 2020
• China plan for HK security law raises tensions with U.S.
• Oil price falls hit commodity currencies
• Canadian retail sales fall by 10% in March
• Canada March Retail Sales (MoM) -10.0%, -10.0% forecast, 0.3% previous
• Canada March Core Retail Sales (MoM) 0.4%, -5.0% forecast, -15.6% previous
• Russia April PPI (YoY) -10.4% -3.2% previous
• Russia April PPI (MoM) -7.2%, -1.4% previous
• U.S. Baker Hughes Total Rig Count 318, 339 previous
Looking Ahead Economic Data
• No economic data ahead
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against greenback on Friday as as risk sentiment took a hit after Hong Kong became the latest front in intensifying tensions between Beijing and Washington. China plans to impose a new national security legislation on Hong Kong, a move that prompted a U.S. warning as a high-degree of autonomy and respect for human rights were key to preserving the territory's special status under U.S. law, which has helped Hong Kong maintain its position as a world financial center. The euro slipped 0.5% against the greenback. Immediate resistance can be seen at 1.0960 (38.2 % fib), an upside break can trigger rise towards 1.0985 (Higher BB).On the downside, immediate support is seen at 1.0883(5 DMA), a break below could take the pair towards 1.0834 (23.6 % fib).
GBP/USD: Sterling edged lower against the dollar on Friday as tensions between China and the United States boosted demand for the greenback. Tensions between the world’s two largest economies encouraged investors to bet on safe heaven assets and sterling weakened against a broadly stronger U.S. currency for a third consecutive day. The pound was also under pressure after data on Friday showed that UK retail sales fell by a record 18% in April as the coronavirus lockdown hit consumer spending. Immediate resistance can be seen at 1.2240 (11 DMA),an upside break can trigger rise towards 1.2330 ( 20 DMA).On the downside, immediate support is seen at 1.2162 (Daily low), a break below could take the pair towards 1.2085 (Lower BB).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Friday as oil prices fell and domestic data showed a record decline in retail sales, with the loonie giving back some of this week's rally. The price of oil, one of Canada's major exports, fell as tensions rose between the United States and China. Canadian retail sales fell by 10% in March from February as the economy started feeling the effects of the coronavirus pandemic, while the advance results for April indicate a near 16% decline. At (1644 GMT), the Canadian dollar was trading 0.3% lower at 1.3991 to the greenback. Immediate resistance can be seen at 1.4058 (61.8% fib), an upside break can trigger rise towards 1.4011 (21 DMA ).On the downside, immediate support is seen at 1.3930 (38.2% fib), a break below could take the pair towards 1.3856 (23.6% fib).
USD/JPY: The dollar dipped against the Japanese yen on Friday as demand for safe haven yen increased after China’s move to impose a new security law on Hong Kong threatened to escalate Sino-U.S. tensions. U.S.-China friction came to the fore again over the source of the coronavirus and escalated further with China’s proposal to impose security laws on Hong Kong, drawing flak from Washington. The tensions compounded fears of a slower global economic recovery, pressuring equity markets but supporting the yen, also considered a safe haven. Strong resistance can be seen at 107.77 (38.2 % fib), an upside break can trigger rise towards 108.17 (Higher BB).On the downside, immediate support is seen at 107.57 (30 DMA), a break below could take the pair towards 106.57 (50 % fib).
European shares closed unchanged on Friday although rising U.S.-China tensions hit Asia-exposed banks and luxury stocks, while hopes of a global recovery kept weekly gains intact for the main indexes.
UK's benchmark FTSE 100 closed down by 0.37 percent, Germany's Dax ended up by 0.07 percent, France’s CAC finished the day down by 0.02 percent.
Wall Street was mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus.
Dow Jones closed down by 0.04 percent, S&P 500 ended up by 0.24 percent, Nasdaq finished up by 0.43 percent.
Oil prices tumbled about 4% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.
Brent crude futures fell $1.53, or 4.2%, to $34.53 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.20, or 3.5%, to $32.72 a barrel.
Gold gained on Friday as intensifying U.S.-China tensions compounded fears of a slow recovery in a global economy already reeling from the coronavirus pandemic.
Spot gold rose 0.4% to $1,732.62 per ounce by GMT. by 12:24 p.m. EDT (1624 GMT), after falling 1.4% on Thursday, and was headed for a small weekly decline. U.S. gold futures was up 0.6% to $1,732.30.