Europe Roundup: Sterling gains against dollar as traders bet on Brexit breakthrough, U.S. stimulus bets ,European stocks gains ,Gold firms ,Oil falls on demand concerns and new European lockdowns-October 19th,2020
Europe Roundup: Euro rises on softer dollar, U.S. stimulus hopes, European stocks rise, Gold rises,Oil prices head for 10% weekly jump on North America, Norway outages-October 9th,2020
America’s Roundup: Dollar steady as markets wait on stimulus news, Wall Street hits one-month high, Gold firms, Oil jumps on supply losses, possible OPEC output reversal-October 9th,2020
Europe Roundup: Sterling holds above $1.30 ahead of new lockdown measures ,European shares gains ,Gold slips from three-week high, Oil prices fall as supply concerns ease-October 12th,2020
America’s Roundup: Dollar set for best week in three weeks on stimulus uncertainty, virus concerns, Wall Street gains, Gold dips, Oil dips on COVID-19 resurgence, fears of more supply-October 17th,2020
Asia Roundup: Aussie at 3-week low as RBA minutes confirm rate cut on Nov. 3, greenback steadies amid caution over U.S. coronavirus aid, Asian shares slump - Tuesday, October 20th, 2020
Asia Roundup: Kiwi plunges to 1-1/2 week low on negative rate speculation, dollar gains against yen on U.S. stimulus hopes, Asian shares surge - Thursday, October 8th, 2020
America’s Roundup: Euro gains as risk mood sours,European stocks flat , Gold gains, Oil prices fall on U.S. stimulus impasse, rising U.S. crude stockpiles-October 7th,2020
Asia Roundup: Aussie rises as consumer sentiment improves, greenback hold gains amid renewed concerns over coronavirus vaccine, Asian shares plunge - Wednesday, October 14th, 2020
Asia Roundup: Aussie at 1-week low on downbeat jobs data and dovish RBA, dollar steadies as stimulus hopes ebb, Asian shares slump - Thursday, October 15th, 2020
Europe Roundup: Sterling little changed against dollar as traders hope for Brexit trade deal, European shares edge higher, Gold holds steady, Oil steadies but coronavirus and supply pressures remain-October 20th,2020
America’s Roundup: Dollar steadies after coming under pressure, Wall Street falls, Oil ends up on supply issues, nixed U.S. stimulus talks a bearish sign-October 7th,2020
America’s Roundup: Dollar holds gains as uncertainty weighs on market sentiment, Wall Street ends down, Gold jumps 1%, Oil rises 2% as OPEC complies with production cuts-October 15th,2020
Asia Roundup: Antipodeans set for weekly losses, greenback steadies as pandemic recovery stalls, Asian shares slump - Friday, October 16th, 2020
Asia Roundup: Kiwi eases on negative interest rates expectations, dollar slumps against yen as Trump's stimulus proposal draws criticism, Chinese stocks boost Asian markets higher - Monday, October 12th, 2020
America’s Roundup: Dollar falls against the yen,Wall Street ends lower,Gold rises, Oil flat as Libya developments counter OPEC+ boost-September 19th,2020
•Canada Jul Retail Sales (MoM) 0.6%,1.0% forecast, 23.7%
•Canada Jul Core Retail Sales (MoM) -0.4%0,5% forecast, 15.7%
• US Aug Leading Index (MoM) 1.2,1.3%,1.4% previous
• US Sep Michigan Consumer Expectations 73.3, 67.8 forecast, 68.5 previous
• US Sep Michigan Current Conditions 87.5, 83.9 forecast, 82.9 previous
• US Sep Michigan Inflation Expectations 2.7%,3.1% previous
• US Michigan Consumer Sentiment 78.9, 75.0 forecast, 74.1 previous
• US Sep Michigan 5-Year Inflation Expectations 2.60%,2.70% previous
Looking Ahead – Economic Data (GMT)
•No data ahead
Looking Ahead - Events, Other Releases (GMT)
•No events ahead
EUR/USD: The euro gained against dollar on Friday as weak dollar and some risk-appetite supported euro, but worries about a resurgence in coronavirus cases and lingering disappointment that central banks merely affirmed their monetary support this week, without promising new stimulus, kept investors wary. The Fed promised to keep rates low for a long time, but gave no new hints about any further monetary support. The Bank of England and the Bank of Japan sounded more open to further stimulus on Thursday but also took no action. Immediate resistance can be seen at 1.1892 (61.8% fib), an upside break can trigger rise towards 1.1916 (Higher BB).On the downside, immediate support is seen at 1.1811 ( 50% fib ), a break below could take the pair towards 1.1763 (Lower BB).
GBP/USD: Sterling declined against dollar on Friday as rising COVID-19 cases and the Bank of England signalling it is examining negative interest rates kept the currency under pressure. The pound was down 0.47% against the dollar at $1.2915 , after falling to $1.2866 on Thursday when the BoE said it was looking more closely at sub-zero rates in case economic woes deepen. After the pound gained some ground in early trade on data showing British shoppers kept spending last month, investors turned tail as Britain signalled it was considering whether to impose a second national lockdown. Immediate resistance can be seen at 1.2980 (50% fib), an upside break can trigger rise towards 1.3040 (14 DMA).On the downside, immediate support is seen at 1.2906 (Daily low), a break below could take the pair towards 1.2869 (38.2%fib).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Friday as a sell-off in technology shares weighed on investor sentiment and domestic data showed a drop in underlying retail sales, with the loonie falling for the second straight week. Canadian retail and wholesale sales both rose in July and were higher than before the coronavirus pandemic struck, Statistics Canada said, pointing to further evidence of a partial economic recovery. The Canadian currency was trading 0.2% lower at 1.3193 to the greenback , having traded in a range of 1.3137 to 1.3208. For the week, the loonie was down 0.1% .Immediate resistance can be seen at 1.3214 (50% fib), an upside break can trigger rise towards 1.3248(Higher BB).On the downside, immediate support is seen at 1.3144(14DMA), a break below could take the pair towards 1.3113 (38.2%fib).
USD/JPY: The dollar declined against the Japanese yen on Friday as investors sought safety amid concerns about a resurgence in coronavirus cases in Europe and a lack of progress in U.S. fiscal stimulus negotiations. Tokyo markets will be closed on Monday and Tuesday next week, so investors positioning for thin liquidity may have helped the yen. The dollar, after falling to 104.27 yen earlier in the session its lowest level against Japan's currency since July 31 last traded at 104.53, down 0.19% on the day. Strong resistance can be seen at 104.51 (38.2% fib), an upside break can trigger rise towards 105.00 (5DMA).On the downside, immediate support is seen at 104.46 (38.2%fib ), a break below could take the pair towards 104.00( Psychological level).
European equity markets closed lower on Friday, with travel, banking and auto shares leading declines as a resurgence in coronavirus cases across the continent rekindled fears about the pandemic’s impact on a nascent economic recovery.
UK's benchmark FTSE 100 closed down by 0.71 percent, Germany's Dax ended down by 0.70 percent, France’s CAC finished the day down by 1.22 percent.
U.S. stocks fell on Friday as technology shares sold off for a third day in a row, while the S&P 500 and Nasdaq posted a third straight week of declines.
Dow Jones closed down by 0.88% percent, S&P 500 closed up by 1.12% percent, Nasdaq settled up by 1.07% percent.
U.S. Treasury yields stabilized within their recent trading ranges on Friday as investors took in new inflation-tolerant messages from the Federal Reserve.
The benchmark 10-year yield was up less than a basis point at 0.6904% in afternoon trading.
Gold prices gained on Friday, buoyed by a weaker dollar and lingering concerns over the economic recovery from the COVID-19 pandemic that were underscored by elevated weekly U.S. jobless claims data.
Spot gold was up 0.2% to $1,946.73 per ounce at 1231GMT, and was on track for a second straight week of gains,rising 0.3% so far.
Oil prices were unchanged on Friday, weighed after a Libyan commander said a blockade on the country’s oil exports would be lifted for a month, while supportive signals from an OPEC+ meeting lifted futures.
Brent fell 15 cents to settle at $43.15 a barrel, but rose 8.3% for the week. U.S. oil futures rose 14 cents to settle at $41.11 a barrel, and gained 10.1% for the week.