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 near 3-week peak ahead of RBA policy meeting, dollar steadies against yen as investors eye U.S. services sector data, Asian shares at 4-month high - Monday, July 6th, 2020
Asia Roundup: Aussie extends gains on risk-on trades, yen rallies as COVID-19 cases grow, Asian shares surge - Thursday, July 9th, 2020
America’s Roundup: U.S. dollar regains traction in FX markets, Wall Street drops, Gold retreats from near eight-year peak, Oil steadies as economic data overshadows coronavirus worries-July 8th,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
America’s Roundup: U.S. dollar rises as surge in coronavirus cases boosts haven bid,Wall Street falls, Gold slides, Oil settles lower on rise in U.S. coronavirus cases-June 27th,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
Asia Roundup: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 2020
America’s Roundup: Dollar climbs from four-week low as U.S. stocks decline, Wall Street dips, Gold slips after nine-year high, Oil slips on fears rising COVID-19 cases to clip demand-July 10th,2020
Europe Roundup: Sterling rises on delayed response to Sunak's economic plan,European shares gain, Gold rises towards nine-year peak , Oil slips as coronavirus fears offset gasoline recovery signs-July 9th,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: U.S. dollar slides as vaccine news offsets surge in virus cases, Wall Street gains, Gold poised for fifth weekly gain, Oil rises as International Energy Agency boosts demand forecast-July 11th,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
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
Europe Roundup: Euro dips as grim data keeps euro under pressure, European shares edge lower, Gold hovers close eight years high, Oil prices drop on prospect of returning Libyan supplies-June 30th,2020
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
America’s Roundup: Dollar climbs to 3-week peak, Wall Street drops, Gold jumps to 3-week high, Oil prices rise on dip in U.S. crude stockpiles and IEA data-May 15th,2020
• Weekly jobless claims total 2.981 million
• Fed, BOJ and BoE all say rates aren’t going any lower
• Brent, WTI just above $30/bbl, $26/bbl respectively
• US Continuing Jobless Claims 22,833K,22,833K, 25,100K forecast, 22,647K previous
• US Jobless Claims 4-Week Avg 3,616.50K, 4,173.50K previous
• US Initial Jobless Claims 2,981K, 2,500K forecast, 3,169K previous
• Canada March Manufacturing Sales (MoM) -2.6%,-9.2%, -5.7% forecast, 0.5% previous
• US Import April Price Index (MoM)
-2.6%,3.1% forecast, -2.3% previous
• US Export April Price Index (MoM) -3.3%,-2.1% forecast, -1.6% previous
• Russia Central Bank Reserves (USD) 562.4B, 567.3B previous
Looking Ahead Economic Data
•22:30 New Zealand April Business NZ PMI 53.2 previous
•22:45 New Zealand April FPI (MoM) 0.7% previous
• 23:50Japan April PPI (MoM) -0.9% forecast, -0.9% previous
• 02;00 China April Retail Sales (YoY) -7.0% forecast, -15.8% previous
• 02;00 China May China Thomson Reuters IPSOS PCSI 67.96 previous
• 02;00 Chinese April Industrial Production YTD (YoY ) -8.4% previous
• 02;00 Chinese April Chinese Retail Sales YTD (YoY) -19.64% previous
• 02;00 Chinese April Fixed Asset Investment (YoY) -10.0% forecast, -16.1% previous
• 02;00 Chinese April Industrial Production (YoY) 1.5% forecast, -1.1% previous
• 02;00 Chinese Unemployment Rate 5.9% previous
Looking Ahead - Events, Other Releases (GMT)
• 02;00 China NBS Press Conference
EUR/USD: The euro strengthened on Thursday as stock markets weakened broadly after Federal Reserve Chairman Jerome Powell dismissed speculation over U.S. interest rates entering negative territory.European stock markets fell, and U.S. stocks were also down, the third consecutive session of losses and sending investors to the relative safety of the greenback.The euro was down 0.2% against the dollar at $1.0798. Immediate resistance can be seen at 1.0827(38.2% fib), an upside break can trigger rise towards 1.0890 (50% fib).On the downside, immediate support is seen at 1.0754 (23.6% fib), a break below could take the pair towards 1.0700 (Psychological level).
GBP/USD: Sterling edged lower against dollar on Thursday as sterling was held down by a combination of coronavirus-induced economic woes and Brexit risks. Sterling fell after the government reiterated its refusal to extend the Brexit transition period deadline beyond December this year, signalled its unwillingness to compromise in trade negotiations with the EU and said that there would be border checks.Cable was also held down by the fact that the dollar strengthened after Federal Reserve Chair Jerome Powell squashed growing speculation about negative interest rates in the United States. Immediate resistance can be seen at 1.2241 (Daily high), an upside break can trigger rise towards 1.2273 (5 DMA).On the downside, immediate support is seen at 1.2179 (Daily low), a break below could take the pair towards 1.2144 (Lower BB).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Thursday, rebounding from an earlier one-week low as Wall Street fluctuated and the Bank of Canada said that measures taken to ease financial market strains were working. In an annual review of Canada's financial systems, the central bank said that "access to liquidity has greatly improved in key financial markets" even as it expressed concern over vulnerabilities in the energy sector. The Canadian dollar was last trading 0.2% higher at 1.4066 to the greenback. Immediate resistance can be seen at 1.4142 (Daily high), an upside break can trigger rise towards 1.4256 (Higher BB).On the downside, immediate support is seen at 1.4026 (5 DMA), a break below could take the pair towards 1.3996 (55 DMA).
USD/JPY: The dollar rose against the Japanese yen Thursday after Federal Reserve Chair Jerome Powell squashed growing speculation about negative interest rates in the United States and warned of an “extended period” of weak economic growth. Powell's comments sent investors moving to the relative safety of the greenback, with the dollar index rising to a near three-week high. Strong resistance can be seen at 107.07 (21 DMA), an upside break can trigger rise towards 107.45 (30 DMA).On the downside, immediate support is seen at 106.80 (9 DMA), a break below could take the pair towards 106.00(Psychological level).
European shares declined on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away and signals that top central banks may have hit the bottom with interest rates.
UK's benchmark FTSE 100 closed down by 2.75 percent, Germany's Dax ended down by 1.96 percent, France’s CAC finished the day down by 1.65 percent.
Wall Street’s main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn due to the virus outbreak.
Dow Jones closed down by 1.62% percent, S&P 500 closed up by 1.15 % percent, Nasdaq settled down by 0.91% percent.
Investors pushed U.S. Treasury yields lower on Thursday as they took stock of another grim jobs report and tried to gauge the success of efforts to reopen the economy in the face of the COVID-19 pandemic.
The benchmark 10-year yield was down 3.1 basis points in afternoon trading at 0.6202%.
Gold climbed to a near three-week high on Thursday, propelled by safe-haven demand, as investors ditched riskier assets on concerns over long-drawn economic weakness and renewed U.S.-China trade tensions.
Spot gold rose 0.8% to $1,729.46 per ounce by 11:06 a.m. EDT (1506 GMT), having hit a high since April 24 at $1,734.39. U.S. gold futures gained 1.3% to $1,738.90.
Oil prices settled higher on Thursday after the International Energy Agency (IEA) forecast lower global stockpiles in the second half of 2020, although worries remain that a second surge in coronavirus infections could occur in coming months.
Brent crude futures settled up $1.94, or 6.7 percent, to $31.13 a barrel.U.S. West Texas Intermediate (WTI) crude futures settled up $2.27, or 9%, to $27.56 a barrel.