America’s Roundup: Dollar hits two-year lows as Fed affirms dovish stance, Wall Street closes higher, Gold gains, Oil edges up after sharp U.S. crude inventory drop-July 30th,2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
America’s Roundup: Dollar climbs after US jobs data, U.S. stocks gains,Gold eases, Oil slips below $45/bbl on demand concerns but posts weekly rise-August 08,2020
Asia Roundup: Dollar slumps across the board on abysmal U.S. economic data, Asian shares plunge, investors eye EZ CPI - Friday, July 31st, 2020
Asia Roundup: Aussie steadies as RBA keeps policy steady, dollar gains against yen as investors await U.S. stimulus deal, Asian shares surge - Tuesday, August 4th, 2020
America’s Roundup: Dollar retreats on stimulus talks, Wall Street ends higher, Gold gains, Oil edges up to highest since March on hopes for U.S. stimulus-August 5th,2020
Europe Roundup: Sterling rises ahead of UK data,, European shares gain, Gold eases, Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut-August 10th,2020
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
Asia Roundup: Dollar slumps against yen as investors eye Fed policy meeting outcome, U.S. stimulus talks; Asian shares nudge lower - Wednesday, July 29th, 2020
Asia Roundup: Sterling at 5-month peak as BoE stands pat, dollar eases as investors fret over U.S. recovery, Asian shares subdued - Thursday, August 6th, 2020
America’s Roundup: Dollar strengthens after US jobless claims data,Wall Street gains, Gold accelerates higher, Oil settles below 5-month highs amid fuel demand worries-August 7th,2020
Europe Roundup: Sterling rises to five-month high against dollar as BoE signals sub-zero rates not imminent, European shares dip, Gold flirts with record peak, Oil prices pull back from five-month highs as rising product stocks weigh-August 6th,2020
America’s Roundup: Dollar holds near 1-week high, European stocks maon, Gold loses ground, Oil settles higher on Chinese factory data, U.S. stimulus hopes-August 11th,2020
Europe Roundup: Euro's advance slows as risk sentiment falters, European shares slip,Gold retreats more than 1%, Oil prices slide as virus surge weighs on demand outlook-July 30th,2020
America’s Roundup: Dollar gains on upbeat manufacturing data,Wall Street jumps, Gold pulls back from record high, Oil rises more than 1% on hopes for economic recovery-August 4th,2020
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,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
• U.S. consumer confidence in June rises more than expected
• US Redbook (YoY) -5.7%, -6.1% previous
• US Redbook (MoM) -0.7%, -1.4% previous
• US April S&P/CS HPI Composite - 20 n.s.a. (YoY) 4.0%, 4.0% forecast, 3.9% previous
• US April S&P/CS HPI Composite - 20 n.s.a. (MoM) 0.9% ,1.1% previous
• US April S&P/CS HPI Composite - 20 s.a. (MoM) 0.3%, 0.5%, 0.5% previous
• US June Chicago PMI 36.6, 45.0 forecast , 32.3 previous
• US June CB Consumer Confidence 98.1 ,91.8 forecast,86.6 previous
• US June Texas Services Sector Outlook 2.1 ,-41.7 previous
• US June Dallas Fed Services Revenues 5.7, -28.1 previous
• Japan May Housing Starts (YoY) -12.3%,-15.9% forecast, -12.9% previous
• Japan May Construction Orders (YoY) -6.1%, -14.2% previous
Looking ahead economic data(GMT)
• 22:30 Australia June AIG Manufacturing Index 41.6 previous
• 22:45 Australia May Building Consents (MoM) -6.5% previous
• 23:00 Australia Manufacturing PMI 49.8 forecast, 44.0 previous
• 23:00 Japan Tankan All Small Industry CAPEX (Q2) -15.3% forecast, -11.7% previous
• 23:00 Japan Tankan Large Non-Manufacturers Index (Q2) -18 forecast, 8 previous
• 23:50 Japan Tankan Big Manufacturing Outlook Index (Q2) -24, -11 previous
•00:30 Japan June Manufacturing PMI 37.8 forecast, 37.8 previous
• 01:45 China June Caixin Manufacturing PMI 50.5 forecast, 50.7 previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: EUR/USD: The euro edged higher against dollar on Tuesday as markets digested less bearish comments from U.S. monetary officials along with a direr prognosis from the country’s top medical expert on the spread of the novel coronavirus. In early afternoon trading, the dollar index slipped to 97.380. For the quarter and month, the dollar fell 1.6% and nearly 1.0%, respectively. It was the worst monthly performance for the dollar since December. The euro inched lower against the dollar to $1.1234. It was earlier pressured by data showing underlying price pressures dropped again in the euro zone. Immediate resistance can be seen at 1.1249 (Daily high), an upside break can trigger rise towards 1.1288 (23.6% fib).On the downside, immediate support is seen at 1.1183 (30 DMA), a break below could take the pair towards 1.1165 (38.2 % fib).
GBP/USD: Sterling rebounded on Tuesday from early losses exacerbated by worse than expected UK GDP data, although analysts said its recovery was due to some end-of-quarter rebalancing rather than any improvement in sentiment. Prime Minister Boris Johnson announced a plan to fast-track 5 billion pounds ($6.13 billion) of infrastructure investment and slash property planning rules to revive the UK economy but that had been expected and had little impact. The pound was last up 0.5% against the dollar at $1.2362 and 0.7% versus the euro at 90.83 pence. Immediate resistance can be seen at 1.2313 (50% fib), an upside break can trigger rise towards 1.2383 (9 DMA).On the downside, immediate support is seen at 1.2164 (Lower BB), a break below could take the pair towards 1.2100 (Psychological level).
USD/CAD :The Canadian dollar weakened against its U.S. counterpart on Tuesday, giving up some of this month's gain, as Sino-U.S. tensions rose and domestic data showed a record economic contraction in April due to the coronavirus pandemic. Canada's real gross domestic product plunged 11.6% in April from March, data from Statistics Canada showed. The decline was less than the 13% predicted by analysts, but a flash estimate for a 3% rebound in May was more muted than some forecasters had expected. The Canadian dollar was trading 0.2% lower at 1.3678 to the greenback. The currency, which is on track to rise 0.7% in June, traded in a range of 1.3652 to 1.3699. Immediate resistance can be seen at 1.3626 (38.2% fib) break can trigger rise towards 1.3718 (Higher BB).On the downside, immediate support is seen at 1.3550 (Daily low), a break below could take the pair towards 1.3467 (23.6% fib).
USD/JPY: The dollar gained against the Japanese yen on Tuesday as dollar was buoyed by upbeat home sales data. Contracts to buy U.S. previously owned homes rose by the highest percentage on record in May. But they remained below their February level and were down compared with May 2019, which also kept alive expectations for even more economic stimulus. It is an important week for U.S. data, with the ISM manufacturing index on Wednesday and monthly payrolls on Thursday, moved up a day due to observance of the Independence Day holiday on Friday. Federal Reserve Chair Jerome Powell is also testifying on Tuesday. Strong resistance can be seen at 108.00 (Psychological level), an upside break can trigger rise towards 108.06 (38.2% fib).On the downside, immediate support is seen at 107.39 (5 DMA), a break below could take the pair towards 107.00 (Psychological level).
European stocks slipped on Tuesday, with banks and energy firms leading the losses at the end of a strong quarter, while UK markets took a hit from a worse-than-expected GDP reading.
UK's benchmark FTSE 100 closed down by 0.90 percent, Germany's Dax ended up by 0.64 percent, France’s CAC finished the day down by 0.19 percent.
The S&P 500 on Tuesday inched closer to finish its best quarter in more than two decades as improving economic data restored faith in a stimulus-backed rebound for the U.S. economy.
Dow Jones closed up by 0.86% percent, S&P 500 closed down by 1.54 % percent, Nasdaq settled up by 1.87% percent.
U.S. Treasury yields headed lower on Tuesday as investors fixated on a continued surge in the nation's coronavirus cases that could dampen hopes for an economic rebound.
The benchmark 10-year yield was last down 1.4 basis points at 0.6217%, while the yield on the five-year note,which hit a record low of 0.266% earlier in the session, was last down 1.4 basis points at 0.2673%.
Gold surged to its highest in nearly 8 years on Tuesday as mounting fears of a resurgence of new coronavirus cases kept safe-haven demand for gold alive, setting the precious metal on path for its biggest quarterly gain since March 2016.
Spot gold jumped 0.5% to $1,779.44 per ounce by 2:09 p.m. EDT (1809 GMT). The session high was $1,785.46, its highest since October 2012. U.S. gold futures settled up 1.1% at $1,800.5
Oil prices slipped on Tuesday as investors worried that rising COVID-19 cases would hurt demand while supply could rise with a potential resurgence of Libyan oil production, which has slowed to a trickle since the start of the year.
The more-active September contract for Brent was down 5 cents at $41.80 a barrel by 1:31 p.m. EST (1731 GMT), after gaining 92 cents in the previous session. The August contract, which expires on Tuesday, fell 52 cents, or 1.2%, to $41.19.