Europe Roundup: Euro edges higher on ECB day, all eyes on inflation comments, European shares inch higher, Gold hits one-week high, Brent oil benchmark dips but stays over $40 a barrel-September 10th,2020
Europe Roundup: Euro gains on weaker dollar, all eyes on Fed meeting, European stocks gain, Gold rises, Oil slips as demand concerns rise, Libya output looms-September 14th,2020
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 2020
America’s Roundup: U.S. dollar skids to two-week low vs yen as Fed looms,Wall Street climbs, Gold slips, Oil rises over 2% as U.S. Gulf Coast braces for hurricane -September 16th,2020
Asia Roundup: Dollar eases on growing concerns over U.S. stimulus, euro rallies on ECB Lagarde's comments, investors eye U.S. CPI data - Friday, September 11th, 2020
America’s Roundup: Dollar dips dovish U.S. Fed policy bets,Wall Street climbs,Gold gains, Oil edges lower, shrugging off Gulf of Mexico shut-ins-September 16th,2020
America’s Roundup: Dollar holds strong gains against eruro,Wall Street closes lower, Gold touches six-week low, Oil edges higher after U.S. crude, fuel stockpiles draw down-September 24th,2020
Europe Roundup: Euro falls as rising COVID-19 cases unnerve investors, European stocks slips, Gold drops to near two-week low, Oil prices slip on potential Libyan output return, demand concerns-September 21st,2020
America’s Roundup: Dollar gains as risk assets tumble on rising COVID-19 cases, U.S. election uncertainty, Wall Street ends lower, Gold slides 3%, Oil falls 5% as economic outlook dims with rising virus cases-September 22nd 2020
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 2020
America’s Roundup: Dollar dips as market recovers from weak U.S. jobs data,Wall Street drops, Gold eases, Oil prices edge up off three-month lows, but demand concerns persist-September 12th,2020
Asia Roundup: Kiwi at over 1-year peak as FinMin Robertson rules out RBNZ’s rate change, greenback plunges on downbeat data, Asian shares edge higher - Friday, September 18, 2020
Europe Roundup: Euro gains as soft U.S. data, uncertainty darken outlook, European share dips, Gold rises, Oil prices mixed as OPEC boost countered by Libyan developments-September 18th,2020
Europe Roundup:Euro dips on fading economic recovery hopes in Eurozone, European stocks slip to 3-month lows,Gold slides to two-month low, Oil falls as frail demand outlook outweighs U.S. stock drawdown-September 24th,2020
Europe Roundup: Euro dips as Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,2020
Asia Roundup: Kiwi slumps to 4-week trough as RBNZ hints at further easing, Aussie plunges as Westpac expects monetary easing by RBA, Asian shares volatile - Wednesday, September 23rd, 2020
America’s Roundup: Dollar drops to four-month low, Wall Street rises, Gold surges 1.5% , Oil prices up $1/bbl on virus vaccine hopes, EU stimulus deal-July 22nd,2020
• Canada May Core Retail Sales (MoM) 10.6%,12.0% forecast,-22.0% previous
• Canada May Retail Sales (MoM) 18.7% , 20.0% forecast, -26.4% previous
• Canada June New Housing Price Index (MoM) 0.1%, 0.1% forecast, 0.1% previous
• US June Chicago Fed National Activity 4.11, 2.61 previous
• US Redbook (MoM) 1.9%,3.0% previous
• US Redbook (YoY) -7.5%,-5.5% previous
• New Zealand GlobalDairyTrade Price Index -0.7%,8.3% previous
Looking Ahead Economic Data
• 00:30 Japan Jul Manufacturing PMI 40.1 previous
• 00:30 Australia MI Leading Index (MoM) 0.2% previous
• 00:30 Japan Services PMI 45.0 previous
• 01:30 Australia Retail Sales (MoM) 16.9% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro on Tuesday climbed to its highest against the U.S. dollar since January last year, after European Union countries struck an agreement on a massive stimulus plan to revive their coronavirus-battered economies. The EU deal - a compromise on concerns that thrifty northern states had about handouts for more their more profligate neighbors was hailed as an important signal of unity by Europe's leaders and a foundation for economic recovery. The euro rose 0.6% to $1.1510, after earlier hitting $1.1516,, the highest level since Jan. 11, 2019 last year. Immediate resistance can be seen at 1.1540 (Daily high), an upside break can trigger rise towards 1.1600 (Psychological level).On the downside, immediate support is seen at 1.1433 (5 DMA), a break below could take the pair towards 1.1369 (23.6% fib).
GBP/USD: Sterling strengthened against dollar on Tuesday as optimism over a coronavirus vaccine and an EU agreement on a crucial recovery fund boosted sterling. The currency had enjoyed its best day in three-weeks on Monday, lifted by the generally buoyant market mood which allowed investors to overlook poor British economic data and lack of concrete progress on Brexit trade talks. The currency rose as high as $1.2716, the highest since June 11, but later slipped to $1.2681, up 0.2% on the day. Immediate resistance can be seen at 1.2721 (Higher BB), an upside break can trigger rise towards 1.2800 (Psychological level).On the downside, immediate support is seen at 1.2651 (Daily low), a break below could take the pair towards 1.2602 (38.2 % fib).
USD/CAD: The Canadian dollar strengthened to a more than five-week high against its U.S. counterpart on Tuesday, helped by a rise in oil prices on positive news about vaccine trials and a European Union stimulus deal as well as data showing a rebound in retail sales. Canadian retail sales increased by a record 18.7% in May from April to C$41.79 billion ($31.06 billion), as higher sales at motor vehicle and parts dealers led the rebound, Statistics Canada said on Tuesday. The Canadian dollar was at C$1.3459 to the greenback. Immediate resistance can be seen at 1.3536 (5 DMA), an upside break can trigger rise towards 1.3596 (38.2% fib).On the downside, immediate support is seen at 1.3428 (23.6% fib), a break below could take the pair towards 1.3400 (Psychological level).
USD/JPY: The dollar declined against the Japanese yen Tuesday as surging number of coronavirus cases kept demand for safe haven yen. European Union leaders appear close to an agreement on a massive stimulus plan for the bloc as the summit drags beyond a fourth day. EU Council President Charles Michel said he was confident the compromises he offered the 27 leaders would clinch a deal on a fund that many say is critical to dispel doubts about the bloc’s very future. Strong resistance can be seen at 107.48 (50% fib), an upside break can trigger rise towards 107.79 (50% fib).On the downside, immediate support is seen at 107.14 (5 DMA), a break below could take the pair towards 106.80 (Lower BB).
European stock index futures rose on Tuesday after European Union leaders reached a “historic” deal on a massive stimulus plan for their coronavirus-hit economies.
UK's benchmark FTSE 100 closed up by 0.50 percent, Germany's Dax ended up by 1.67 percent, France’s CAC finished the day up by 1.15 percent.
U.S. stocks advanced on Tuesday following a slate of positive earnings reports from companies including IBM and Coca-Cola, and on hopes for fiscal stimulus to prop up an economy reeling from the COVID-19 pandemic.
Dow Jones closed down by 1.06 %percent, S&P 500 closed down by 0.31% percent, Nasdaq settled up by 0.60 % percent.
U.S. Treasury yields fell slightly on Tuesday in range-bound trading as the market watched for the next round of aid out of Washington to combat the economic fallout from the coronavirus pandemic.
The benchmark 10-year yield was last down 1.5 basis points at 0.6053%..
Gold soared to a nine-year peak on Tuesday, boosted by a dollar sell-off and expectations for increased stimulus to aid the recovery of pandemic-hit economies, while silver dashed past the $20 threshold to an over six-year high.
Spot gold rose 1.5% to $1,842.52 per ounce by 1:49 p.m. EDT (1749 GMT). It hit its highest since September 2011 and was track to post its biggest daily gain since early May.U.S. gold futures settled up 1.5% at $1,843.9.
Oil prices rose about $1 a barrel on Tuesday, hitting the highest in more than four months with a boost from a European Union stimulus deal and hopeful news about coronavirus vaccine trials.
Brent crude futures settled at $44.32 barrel, rising $1.04, or 2.4%. West Texas Intermediate (WTI) settled at $41.96 a barrel, gaining $1.15 cents, or 2.82%.