Asia Roundup: Aussie set for first weekly loss in six weeks, greenback gains on stimulus optimism, Asian shares subdued - Friday, May 15th, 2020
America’s Roundup: Dollar weakens as euro climbs on EU common fund proposal, Wall Street climbs, Gold firms, Oil rise on recovery hopes-May 21st 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
Europe Roundup: Euro gains as dollar rally pauses, European shares edged higher, Gold gains, Oil prices up after Saudi pledge on cuts eases some glut fears-May 12th,2020
Europe Roundup: Sterling dips as rising U.S. yields lift dollar, European shares turn lower, Gold gains, Oil prices drop amid supply glut, fears of second coronavirus wave-May 11th,2020
Asia Roundup: Aussie hits 1-week trough as jobs plunge, greenback rallies as Powell shuns negative rates, Asian shares slump - Thursday, May 14th, 2020
Asia Roundup: Aussie eases on worsening U.S.-China tensions, dollar rallies against yen as risk sentiment slightly improves on potential Japanese stimulus, Asian shares consolidate - Monday, May 25th, 2020
Asia Roundup: Dollar rallies as economies emerge from coronavirus lockdowns, Asian shares surge - Monday, May 11th, 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
America’s Roundup: U.S. dollar slides ahead of Fed's Powell speech, Wall Street dips, Gold gains, Oil rises as OPEC looks to deepen, extend supply cuts-May 13th,2020
Europe Roundup: Sterling edges lower as Britain maintains fierce stance on Brexit, European stocks gain, Gold hits 3-week peak, Oil hits one-month high as signs of demand emerge amid coronavirus crisis-May 15th,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
Asia Roundup: Aussie eases folloeing RBA Lowe's comments, greenback steadies on FOMC minutes, investors eye EZ Markit PMI's - Thursday, May 21st, 2020
Asia Roundup: Yen rallies against dollar on second wave virus fears, Asian shares plunge - Tuesday, May 12th, 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
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
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
• US March Manufacturing PMI 49.2, 42.8 forecast, 50.7 previous
• US March Markit Composite PMI 40.5, 49.6 previous
• US March Services PMI 39.1, 42.0 forecast, 49.4 previous
• US March New Home Sales (MoM) -4.4%,-2.0% forecast, 10.5% previous
• US Feb New Home Sales 765K, 750K forecast, 800K previous
• US March Richmond Manufacturing Index 2, -9 forecast, -2 previous
Looking Ahead - Economic Data (GMT)
• 21:45 New Zealand Feb Exports 4.73B previous
• 21:45 New Zealand Feb Imports 5.07B previous
• 21:45 New Zealand Feb Trade Balance (MoM) -340M previous
• 21:45 New Zealand Feb Trade Balance (YoY) -3,870M previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined on Tuesday as after March purchasing manager index readings that laid bare the extent of the impact of the coronavirus outbreak on euro zone economies.Euro zone business activity crumbled, with IHS Markit’s euro zone composite flash purchasing managers index (PMI) plummeting to a record low of 31.4 from February’s 51.6, far below the 50 level that signals growth and far lower than Reuters poll expectations. Immediate resistance can be seen at 1.0848 (50% fib), an upside break can trigger rise towards 1.0891 (61.8%fib).On the downside, immediate support is seen at 1.0771 (Daily low), a break below could take the pair towards 1.0739 (23.6% fib).
GBP/USD: Sterling rallied more than 1.5% against the dollar on Tuesday, winning a respite from a battering in recent days. Sterling, along with most currencies, has seen a massive wave of selling against the U.S. dollar, the world’s most liquid currency and the safe haven of choice when confidence evaporates from financial markets. Sterling was last up 1.8% on the day at $1.1739 having briefly touched a 35-year low of $1.1413 last week. It was poised for its biggest one-day jump against the greenback since last October. Immediate resistance can be seen at 1.1796 (Daily high), an upside break can trigger rise towards 1.1916 (9 DMA).On the downside, immediate support is seen at 1.1398 (Lower BB), a break below could take the pair towards 1.1300 (Psychological level).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Tuesday as the prospect of stimulus efforts to ease the economic pain of the coronavirus pandemic tempered risk aversion. All three main U.S. stock indexes jumped more than 5%, with hopes running high that the U.S. Senate will pass a $2 trillion stimulus bill, aimed at providing financial aid to Americans out of work and helping distressed industries. Immediate resistance can be seen at 1.4553 (Daily high), an upside break can trigger rise towards 1.3298 (200 DMA).On the downside, immediate support is seen at 1.3434 (19th March), a break below could take the pair towards 1.4344 (50% fib).
USD/JPY: The dollar strengthened against the Japanese yen Tuesday as investors waited on a Senate stimulus bill meant to blunt the economic impact of the spreading coronavirus, and after U.S. President Donald Trump pressed his case for a re-opening of the U.S. economy by mid-April. Senior Democrats and Republicans said on Tuesday they were close to a deal on a $2 trillion coronavirus economic stimulus package, raising hopes that the divided U.S. Congress could soon act to try to limit the pandemic’s economic fallout. Strong resistance can be seen at 111.73 (Daily high), an upside break can trigger rise towards 112.40 (23.6% fib).On the downside, immediate support is seen at 111.65 (Daily high), a break below could take the pair towards 112.00 (Psychological level).
European shares surged on Tuesday, recovering a week’s worth of losses as the prospect of some stability from recent stimulus measures saw buying into markets wallowing around seven-year lows.
UK's benchmark FTSE 100 closed up 9.35 percent, Germany's Dax ended up by 11.49 percent, France’s CAC finished the day up by 8.39 percent.
Wall Street snapped back from three-year lows and the Dow jumped more than 1,500 points on Tuesday, as hopes of Washington passing an economic rescue package provided a shot of optimism to markets reeling under the biggest selloff since the financial crisis.
Dow Jones closed up by 11.37% percent,S&P 500 ended up by 9.38% percent, Nasdaq finished the day up by 8.12% %percent.
U.S. government bond yields rose on Tuesday and one measure of the yield curve steepened as investors waited for Congress to vote on a $2 trillion stimulus bill to combat the blow dealt to the U.S. economy by the coronavirus pandemic.
The benchmark 10-year yield was up 7 basis points to 0.837%, with the two-year yield up 9.4 basis points to 0.389%. The 30-year long bond yield was last up 4.7 basis points to 1.393%.
Oil prices rose modestly on Tuesday, but settled off the day’s highs as the coronavirus pandemic’s heavy toll on demand offset hopes for a forthcoming $2 trillion U.S. economic relief package.
Brent futures rose 12 cents, or 0.4%, to settle at $27.15 a barrel. U.S. West Texas Intermediate (WTI) crude gained 65 cents, or 2.8%, to settle at $24.01.
Gold prices fell far below U.S. gold futures on Tuesday in a sign the market is worried air travel restrictions and precious metal refinery closures will hamper shipments of bullion to the United States to meet contractual requirements.
At 1516 GMT, spot gold was up 3% at around $1,600 an ounce, while March futures on the Comex exchange were up nearly 5% at $1,642 an ounce - a price difference of $4