America’s Roundup: Dollar index drops as boost from vaccine eases, Wall Street rises, Gold gains, Oil falls on rising Libya output, coronavirus surge-November 14th,2020
Europe Roundup: Sterling dips against Brexit deadlock weighs,European shares gains, Gold edges up, Brent oil hits $45 on hopes for COVID-19 vaccine, U.S. crude stock draw-November 11th,2020
Asia Roundup: Aussie at 1-week peak following RBA minutes, dollar slumps against yen amid worries about second coronavirus wave, Biden transition; Asian shares surge on vaccine hopes - Tuesday, November 17th, 2020
Europe Roundup: Sterling down as Britain's economy struggles to maintain recovery ,European shares fall, Gold edges higher, Oil keeps climbing on hopes OPEC+ will hold back supply as COVID-19 cases rise-November 12th,2020
Europe Roundup: Euro gains as ECB's cautious optimism on vaccine supports single currency, European shares edged lower ,Gold steady, Oil falls on COVID-19 surge but on track for weekly gain-November 13th,2020
Europe Roundup:Sterling weakens against dollar as BoE ramps up stimulus, European shares ease , Gold inches higher ,Oil extends gain on vaccine hope-November 25th,2020
Europe Roundup: Sterling near 3-month high as dollar struggles, European shares fall, Gold rises, Oil rally stalls on signs of more supply, demand doubts-November 26th,2020
America’s Roundup: Dollar rises again as markets adjust to vaccine hope and higher yields, Wall Street ends mixed, Gold inches up, Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown-November 12th,2020
America’s Roundup: Dollar falls on talk of new U.S. stimulus, Wall Street closes higher, Gold slips, Oil prices slip as surge in virus cases raises concerns about demand-November 20th,2020
Europe Roundup: Sterling edges higher on renewed Brexit deal hopes,European shares higher, Gold edges lower,Oil set for third week of gains on vaccine hopes-November 20th,2020
Europe Roundup: Sterling gains as risk sentiment improves, European shares rise, Gold falls ,Oil hits highest since March on vaccine, Biden transition-November 24th,2020
America’s Roundup: Dollar slips on hopes for vaccine, smooth Biden transition, Wall Street ends higher, Gold extends fall, Oil closes at highest level since March on vaccine trials, Biden transition-November 25th,2020
America’s Roundup: Dollar flat, euro bumps higher as sentiment see-saws, Wall Street drops, Gold rises 1%, Oil falls on coronavirus surge, unexpected U.S. crude stockpile rise-November 13th,2020
Europe Roundup: Sterling holds near 3-month high despite Scottish referendum talk, European shares edges higher, Gold edges down ,Oil prices set for weekly gain ahead of OPEC+ meeting-November 27th,2020
America’s Roundup: Dollar little changed by optimistic news on another COVID vaccine, Wall Street gains, Gold slides 1%, Oil settles higher boosted by latest COVID-19 vaccine progress-November 17th,2020
America’s Roundup: Dollar on defensive amid weak U.S. data, increase in risk appetite, Wall Street ends mixed, Gold gains, Oil rallies past eight-month high on U.S. crude inventory draw, vaccine hopes-November 26th,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.