America’s Roundup: Dollar retains advantage amid coronavirus crisis, Wall Street slides, Gold surges 2%, Oil edges higher, U.S. gasoline slumps over 30% on sinking demand-March 24th,2020
Asia Roundup: Antipodeans near 1-week peak, dollar steadies against yen as investors wait U.S. stimulus bill, Asian shares rally - Wednesday, March 25th, 2020
Asia Roundup: Aussie at 1-week peak on more stimulus hopes, greenback rebounds from recent lows as panic selling eases, Asian shares surge - Friday, March 27th, 2020
Europe Roundup: Sterling falls as investors seek safety in dollars, European shares slump, Gold dips, Oil extends fall as coronavirus shutdowns sap demand-March 23rd,2020
America’s Roundup: Dollar surges to highest since January 2017, Wall Street ends higher, Gold drops, U.S. oil reverses losses, posts largest one-day gain on record-March 20th,2020
America’s Roundup: Dollar index on track for biggest weekly fall in decade, Wall Street tumbles, Gold eases, Oil plunges more than 5% despite stimulus efforts-March 28th,2020
Asia Roundup: Aussie plunges following RBA meeting minutes, greenback steadies as risk sentiment slightly improves, Asian shares consolidate - Tuesday, March 17th, 2020
Europe Roundup: Euro jumps on dollar weakness, European shares turns choppy, Gold falls, Oil prices fall as demand woes eclipse U.S. stimulus-March 25th,2020
Asia Roundup: Antipodeans rally, greenback eases as Fed launches limitless quantitative easing, Asian shares rebound - Tuesday, March 24th, 2020
Asia Roundup: Kiwi plunges as RBNZ slashes rates, dollar slumps against yen as Fed cuts rates to near zero, Asian shares tumble - Monday, March 16th, 2020
America’s Roundup: Dollar edges higher as investors wait on fiscal stimulus,Wall Street surges, Gold gains, Oil little changed as falling demand offsets hopes of U.S. aid package-March 25th,2020
Europe Roundup: Euro declines as virus fears outweigh stimulus hopes,Gold falls 1%,U.S. crude prices fall to 17-year low as coronavirus spreads-March 18th,2020
Europe Roundup: Sterling falls to lowest since 1985, European shares edged down, Gold slips, Oil up after three-day plunge but coronavirus curbs gains-March 19th,2020
Europe Roundup: Sterling gains after U.S. rate cut shares tumble. Gold nose dives, U.S. crude falls below $30-March 16th,2020
Asia Roundup: Aussie slumps despite additional stimulus announcement, yen rebounds amid worsening coronavirus crisis, Asian shares tumble - Monday, March 23rd, 2020
America’s Roundup: Dollar drops as U.S. jobless claims surge, Wall Street rallies for third day, Gold edges higher, Oil prices sink as crippled demand outweighs stimulus hopes-March 27th,2020
America’s Roundup: Dollar climbs as weak German data dents euro, Wall Street falls, Gold hits 1-month peak, Oil falls nearly 1% on virus impact-February 19th,2020
• Euro falls to near 3-year low, slips below key $1.08 level
• US Feb NY Empire State Manufacturing Index 12.90, 5.00 forecast, 4.80 previous
• Canada Dec Manufacturing Sales (MoM) -0.7% , 0.5% forecast, -1.0% previous
• US Feb NAHB Housing Market Index 74, 75 forecast, 75 previous
• New Zealand GlobalDairyTrade Price Index -2.9%,-4.7% previous
Looking Ahead - Economic Data (GMT)
• 23:30 Australia MI Leading Index (MoM) 0.1% previous
• 23:50 Japan Dec Core Machinery Orders (MoM) -9.0% forecast,18.0% previous
• 23:50 Japan Dec Core Machinery Orders (YoY) -1.3% forecast,5.3% previous
• 23:50 Japan Jan Exports (YoY) -6.9% forecast,-6.3% previous
• 23:50 Japan Jan Imports (YoY) -1.3% forecast, -4.9% previous
• 23:50 Japan Jan Trade Balance -1,694.9B, -154.6B previous
• 00:30 Australia Wage Price Index (YoY) (Q4) 2.2% forecast,2.2% previous
• 00:30 Australia Wage Price Index (QoQ) (Q4) 0.5% forecast,0.5% previous
Looking Ahead - Economic events and other releases (GMT)
•13:30 US FOMC Member Bostic Speech
• 13:30 US FOMC Member Mester Speech
• 16:45 US FOMC Member Kashkari Speech
• 18:30 US FOMC Member Kaplan Speech
• 19:30 US FOMC Meeting Minutes
• 21:00 US FOMC Member Barkin Speech
EUR/USD: The euro declined against dollar on Tuesday, after a German survey showed a slump in investor confidence. Germany’s ZEW research institute said in its monthly survey that investors’ mood deteriorated far more than expected in February, on worries the coronavirus would dampen world trade. The survey added to expectations the German economy will lose more momentum in the first half as slumping exports keep manufacturers mired in a recession. The euro was last trading down 0.1% at $1.0792 . Immediate resistance can be seen at 1.0838 (5 DMA), an upside break can trigger rise towards 1.0877 (9 DMA).On the downside, immediate support is seen at 1.0784 (Lower BB), a break below could take the pair towards 1.0700 (Psychological level).
GBP/USD: Sterling edged higher against the dollar on Tuesday, after Britain’s new finance minister said he would deliver the budget as planned in three weeks. The pound, earlier declined slightly against both the dollar and the euro on conflicting views put forth by Britain and the European Union about their trade negotiations, gradually rebounded after Sunak’s tweet. Sterling rose 0.2 percent to hit the day's high of $1.3040, before settling around $1.3000.Immediate resistance can be seen at 1.3052 (50 DMA), an upside break can trigger rise towards 1.3100 (Psychological level).On the downside, immediate support is seen at 1.2970 (9 DMA), a break below could take the pair towards 1.2931 (100 DMA).
USD/CAD: The Canadian dollar weakened to a near one-week low against its U.S. counterpart on Tuesday as economic damage from the coronavirus weighed on investor sentiment and domestic data showed a surprise decline in manufacturing sales. Canadian factory sales decreased by 0.7% in December from November, the fourth consecutive monthly decline, on lower sales in motor vehicle assembly, as well as aerospace products and parts, Statistics Canada said. Economists had expected a 0.5% increase. At (1429 GMT), the Canadian dollar was trading 0.1% lower at 1.3258 to the greenback. Immediate resistance can be seen at 1.3268 (9 DMA), an upside break can trigger rise towards 1.3300 (Psychological level).On the downside, immediate support is seen at 1.3235 (21 DMA), a break below could take the pair towards 1.3185 (30 DMA).
USD/JPY: The dollar edged lower against the Japanese yen on Tuesday, as increasing financial fallout of the virus outbreak in China increased demand for Japanese yen. With death toll climbing to nearly 1,900 in China, disruptions and delays in operations in the mainland owing to the epidemic and its impact remained a concern for businesses. Global financial markets felt the sting as investors took a more cautious stance in trade. Strong resistance can be seen at 110.14 (12th Feb high), an upside break can trigger rise towards 110.46 (Higher BB).On the downside, immediate support is seen at 109.62 (30 DMA), a break below could take the pair towards 109.00 (Psychological level).
European shares declined on Tuesday,as two of the world's mega companies, and Europe's largest economy,Germany, reported damage from the coronavirus outbreak.
UK's benchmark FTSE 100 closed down by 0.69 percent , Germany's Dax ended up by 0.75 percent, France’s CAC finished the day up by 0.48 percent.
U.S. stocks dropped on Tuesday after a surprise sales warning from technology bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains.
Dow Jones closed down by 0.56 percent, S&P 500 ended down by 0.29percent, Nasdaq finished the down up by 0.02 percent.
U.S. Treasury yields fell on Tuesday after Apple Inc warned that it would miss sale guidance due to manufacturing slowdowns caused by the coronavirus, denting risk appetite and increasing demand for safe-haven bonds.
Benchmark 10-year note yields fell three basis points to 1.56%.
Gold prices jumped 1% to a more than one-month high on Tuesday as a surprise sales warning from Apple Inc highlighted the impact of the coronavirus outbreak on global economy and drove investors to seek lower-risk assets.
Spot gold was up 1% at $1,595.97 per ounce by 10:32 a.m. EST (1532 GMT), its highest since Jan. 8.U.S. gold futures climbed 0.8% to $1,599.20 an ounce.
Oil prices fell almost 1% on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.
Brent crude was down 44 cents, or 0.8%, to $57.23 a barrel by 11:00 a.m. EST (1600 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 39 cents, or 0.8%, to $51.66 a barrel.