Europe Roundup: Euro as German survey fuels optimism, European shares rise, Gold dips, Oil falls as U.S.-China tensions take toll-May 25th,2020
Asia Roundup: Euro rallies on Franco-German proposal for recovery fund, Asian shares consolidate as vaccine hopes ease, investors eye FOMC minutes - Wednesday, May 20th, 2020
America’s Roundup: Dollar weak as euro rises on Franco-German proposal for recovery fund ,Wall Street dips, Gold edges higher ,Oil dips as U.S. Senate grills Fed chair, Treasury secretary –May 20th,2020
Americas’ Roundup: Dollar trades in narrow range as four-day euro rally fizzles, Wall Street ends lower, Brent at highest since March on U.S. stock draw, recovering demand-May 22nd 2020
Europe Roundup: Euro advances towards two-week high against dollar, European shares inch lower, Gold rises, Oil up on lower U.S. stocks, firmer demand-May 20th,2020
Asia Roundup: Aussie gains as lockdowns ease, greenback halts 3-day rally on dismal U.S. data, Asian shares nudge higher - Monday, May 18th, 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
Asia Roundup: Dollar rallies against yen on easing of coronavirus lockdowns, Asian shares rally, investors eye U.S. consumer confidence data - Tuesday, May 26th, 2020
Europe Roundup: Euro gains before Trump's press conference on China, European shares dips, Gold up, Oil falls but remains set for biggest monthly gain in years-May 29th,2020
Asia Roundup: Aussie eases as Beijing readies new security law, dollar plunges against yen on rising U.S.-China tension, Asian shares slump - Friday, May 22nd, 2020
Europe Roundup: Euro rise as investors focus on turns EU recovery plan, European shares edge higher, Gold dips to two-week low, Oil falls on U.S.-China tensions over Hong Kong-May 27th,2020
America’s Roundup: Dollar notches small weekly gain after weak U.S. data, Wall Street gains, Gold hits 7-year high, Oil prices jump as demand shows signs of picking up-May 16th,2020
Europe Roundup: Euro takes a breather after four-day rising streak, European shares dips, Gold drops 1%,Oil at highest since March on lower U.S. inventories, recovering demand-May 21st 2020
America’s Roundup: Dollar dips as improved risk appetite, EU recovery fund hopes boost euro, Wall Street ends down, Gold gains, Oil rises as higher U.S. refinery rates offsets surprise crude build-May 29th,2020
Europe Roundup: Euro steady as doubts over EU recovery fund arise,European shares gains,Gold gains, Oil prices steady,awaiting confirmation of surprise U.S. inventory build-May 28th,2020
America’s Roundup: Dollar dented as risk appetite ramps up, Wall Street gains, Gold eases, Oil prices rise as faith in supply cuts grows-May 27th,2020
Americas Roundup: Dollar declines against euro, yen on risk aversion, oil sinks for 2nd day on fading hopes of output deal -February 3rd,2016
Looking Ahead - Economic Data (GMT)
Looking Ahead - Events, Other Releases (GMT)
EUR/USD is likely to find support at 1.0880 levels and currently trading at 1.0916 levels. The pair has made session high at 1.0940 and hit lows at 1.0891 levels. Euro edged higher against US dollar on Tuesday indicated that U.S. inflation would remain low that would discourage the Federal Reserve from hiking interest rates this year, while risk aversion due to global economic growth concerns also helped euro. The dollar index, which measures the greenback against a basket of six major currencies, was last down 0.12 percent at 98.89. The dollar was last 0.60 percent lower against the yen at 120.280 yen, while the euro was last up 0.33 percent against the dollar at $1.09240. German unemployment fell by more than expected in January, with the jobless rate sinking to a new record low, pointing to steady growth in Europe's largest economy despite an economic slowdown in emerging markets. Meanwhile German unemployment fell by more than expected in January, with the jobless rate declining to a new record low, indicating to strong growth in Europe's largest economy despite an economic slowdown in emerging markets. The seasonally adjusted unemployment total declined by 20,000 to 2.732 million. That compared with the analyst forecast for a drop of 7,000.
GBP/USD is supported in the range of 1.4356 levels and currently trading at 1.4408 levels. It reached session high at 1.4429 and dropped to session low at 1.4356 levels. Sterling inched to three-week high on Tuesday after the outline of a proposed EU deal said Britain does not have to integrate further politically with the rest of the European Union if it wants to stay in.The proposals addressed all four areas where Prime Minister David Cameron has demanded reform, but they were viewed with a mixed reception that underlined the challenge of convincing Britons they should stay in the bloc. The pound jumped to as high as $1.4447 from $1.4380 levels after the draft proposals were published, up immediately beforehand, and its strongest since Feb. 13. However after a short while eased back to reach, $1.4400, leaving it lowers by 0.2 percent against the dollar on the day. Earlier Sterling had declined to as low as $1.4328 after data showed Britain's construction slowed in January, denting expectations of a pick-up in gross domestic output.
USD/CAD is supported at 1.3400 levels and is trading at 1.4036 levels. It has made session high at 1.4078 and lows at 1.4000 levels. The Canadian dollar declined against US dollar on Tuesday, pulling back from a nearly four-week high as lower crude oil prices and stock market losses weighed on oil correlated currency. Oil prices slipped more than 4 percent, as the commodity continued to slide on Tuesday, as hopes for a deal between OPEC and Russia on output cuts looked unlikely. Meanwhile, Renewed pressure on crude oil prices has left the market fully discounting a July interest rate cut from the Bank of Canada after implying a 90 percent probability on Monday. The currency's strongest level of the session was C$1.3940, while C$1.4080 was its weakest. The currency touched on Monday its strongest since Jan. 5 at C$1.3908.
USD/JPY is supported around 119.72 levels and currently trading at 120.03 levels. It hit session high at 120.10 and made session lows at 118.83 levels. The U.S. dollar slipped sharply lower against the Japanese yen on Tuesday after a decline in crude oil prices increased concerns about global economic growth. Oil prices declined sharply for the second consecutive day intensifying worries over global economic growth which also suggested falling demand for commodities would lead to negative impact on stocks of energy companies. The dollar hit a session low against the yen of 120.19 after hitting a six-week high on Friday of 121.70 after the Bank of Japan's surprise surprised market with negative interest rates. At the same time, worsening U.S. economic data has raised fears that the United States could fall into recession. Investors this week are waiting for more economic data for further signs of the strength in the U.S. economy, after a bunch of disappointing releases showed slowing growth.
European equities fell sharply on Tuesday as crude oil prices slipped again and companies like BP reported disappointing earnings.
UK's benchmark FTSE 100 closed down by 2.36 percent, the pan-European FTSEurofirst 300 ended the day down by 2.14 percent, Germany's Dax ended down by 1.95 percent, France's CAC finished the day down by 2.53 percent.
U.S. stocks dropped more than 2 percent in late Tuesday trading after a disappointing forecast from Exxon Mobil and another steep drop in oil prices.
Dow Jones closed down by 1.78 percent, S&P 500 ended up by 1.87 percent, Nasdaq finished the day down by 2.23 percent.
U.S. Treasury yields fell to nine-month lows on Tuesday as oil prices resumed their slide, boosting demand for safe haven bonds, and on concerns about slowing U.S. economic growth before a closely watched employment report on Friday.
Benchmark 10-year notes gained 30/32 in price to yield 1.864 percent, breaking below technical resistance at 1.904 percent and falling to the lowest level since April 28. The yields have dropped from 2.30 percent at the beginning of the year.
Gold steadied after touching three-month highs on Tuesday, underpinned by global growth concerns and sharp decline in the oil price pushed investors toward safe-haven assets.
Spot gold touched $1,130.30 an ounce early on Tuesday, its strongest since Nov. 3, and was little changed at $1,128.31 at 3:10 p.m. EST (2010 GMT).
U.S. gold for April delivery settled down 0.07 percent at $1,127.20 an ounce.
Oil slipped for the second straight day on Tuesday, as hopes of a deal to curb supply gluts continued to fade amid concerns that mild winter weather in the U.S. will dampen demand.
Brent crude closed down $1.52, or 4.4 percent, at $32.72 a barrel. It fell as much as 5.9 percent to $32.23 in the session.
U.S. West Texas Intermediate crude (WTI) settled 5.5 percent, or $1.74 lower at $29.88 per barrel, after falling as low as $29.81.