Europe Roundup: Sterling consolidates below 1.2900 amid persisting concerns over economic outlook, euro gains on better-than-expected EZ trade surplus, European shares plunge - Friday, November 15th, 2019
America’s Roundup: Dollar steady as case for Fed's pause solidifies, Wall Street slips, Gold gains, Oil falls as U.S.-China trade deal prospects dim-November 14th,2019
Asia Roundup: Antipodeans tumble on soft Chinese trade figures, dollar near 5-month peak against yen amid renewed hopes of U.S.-China trade deal, Asian shares off 6-month high - Friday, November 8th, 2019
America’s Roundup: Dollar weighed down by trade optimism, slowdown fears, Wall Street gains, Gold eases, Oil rises on hopes for US-China trade deal-November 2nd,2019
Asia Roundup: Kiwi at 1-week peak as RBNZ stands pat, greenback consolidates ahead of Fed Chair Powells' testimony, Asian shares tumble - Wednesday, November 13th, 2019
America's Roundup: Dollar gains versus yen on continued trade deal optimism, Wall Street hits fresh record high, Gold slides over 1%, Oil rebounds to $62 on hopes for U.S.-China trade deal-November 8th,2019
America’s Roundup: Dollar rises versus yen, as risk appetite improves, Wall Street gains, Gold eases, Oil prices gains on U.S.-China trade deal hopes-November 5th,2019
Asia Roundup: Aussie rebounds as business conditions improve, gold consolidates ahead of U.S. President Trump speech, Asian shares plunge - Tuesday, November 12th, 2019
Europe Roundup: Sterling gains as no-deal Brexit chances ease, euro steadies near 1-month low as Euro zone industry output rises, European shares off 4-month peak - Wednesday, November 13th, 2019
Asia Roundup: Kiwi at 1-week trough ahead of labour market data, greenback steadies on U.S.-China trade deal optimism, Asian shares surge - Wednesday, November 6th, 2019
Asia Roundup: Antipodeans ease amid lingering doubts over U.S.-China trade talks, euro at 3-week low ahead of German industrial data, investors eye BoE monetary policy decision - Thursday, November 7th, 2019
Europe Roundup: Sterling consolidates as PM Johnson begins election battle, euro rebounds on upbeat economic data, European shares nudge lower - Wednesday, November 6th, 2019
America's Roundup: Dollar buoyed by caution as trade deal optimism wanes, Wall Street gains, Gold slips, Oil prices gain 2% despite concerns about rising supplies-November 16th,2019
Asia Roundup: Aussie falls in early Asia as retail sales data misses expectations, Asian markets noticeably up, gold trades flat at $1,511 mark - Monday, November 04, 2019
America’s Roundup: Dollar buoyed by U.S.-China tariffs pledge, Wall Street little changed, Oil falls amid doubts over US-China trade deal-November 9th,2019
Europe Roundup: Sterling consolidates near 1-week low ahead of BoE policy meeting outcome, euro rebounds on ECB's EZ growth forecast, gold tumbles as U.S.-China trade deal hopes revive- Thursday, November 7th, 2019
America’s Roundup: Dollar flat after FOMC meeting minutes,Wall Street advances, Gold little changed, Oil rises on signs of warming U.S.-China tensions-Oct 10th,2019
• U.S.-China trade talks set to start Thursday in Washington
• Turkey launches military operation in northeast Syria
• Price of U.S. oil increases 1.5%
• US Aug JOLTs Job Openings 7.051M, 7.191M forecast, 7.174M previous
• US Wholesale Inventories (MoM) 0.2%, 0.4% forecast, 0.2% previous
• US Aug Wholesale Trade Sales (MoM) 0.0%, 0.2% forecast 0.2% previous
Looking Ahead - Economic Data (GMT)
• 23:00 New Zealand Sep FPI (MoM) 0.7% previous
• 23:00 Japan Oct Reuters Tankan Index -7 previous
• 23:01 UK Sep RICS House Price Balance -7% forecast, -4% previous
• 23:30 Australia Oct Westpac Consumer Sentiment -1.7% previous
• 23:50 Japan Sep Bank Lending (YoY) 2.1% forecast,2.1% previous
• 23:50 Japan Aug Core Machinery Orders (MoM) -2.5% forecast,-6.6% previous
• 23:50 Japan Aug Core Machinery Orders (YoY) -10.8% forecast 0.3% previous
• 23:50 Japan Foreign Bonds Buying 869.2B previous
• 23:50 Japan Foreign Investments in Japanese Stocks -221.2B previous
• 23:50 Japan Sep PPI (YoY) -1.2% forecast, -0.9% previous
• 23:50 Japan Sep PPI (MoM) -0.1% forecast,-0.3% previous
• 00:30 Australia Aug Home Loans (MoM) 3.6% forecast,-5.0% previous
• 00:30 Australia Invest Housing Finance (MoM) 3.9% previous
Looking Ahead - Events, Other Releases (GMT)
• 00:00 Japan BOJ Deputy Governor Amamiya Speech
• 09:20 UK BoE Gov Carney Speech
• 16:15 US FOMC Member Kashkari Speech
• 21:30 US FOMC Member Mester Speech
EUR/USD: The euro edged lower against the U.S. dollar on Wednesday, as investors hoped that the United States and China could agree to some sort of trade deal, while the prospect of a last-minute Brexit agreement between the European Union and Britain remained unlikey. Washington and Beijing are engaged in a year-long row that has expanded beyond trade policy, suggesting even more damage to a global economy that is already showing signs of slowing. The euro was down 0.01 percent at $1.0972. Immediate resistance can be seen at 1.0987 (21 DMA), an upside break can trigger rise towards 1.1049 (50 DMA).On the downside, immediate support is seen at 1.0940 (Oct 8th low), a break below could take the pair towards 1.2900 (Psychological level).
GBP/USD: The British pound erased earlier gains against dollar on Wednesday, after the Northern Irish party that supports the British government said it would emphatically oppose a reported European Union concession on the Irish backstop under any Brexit deal.EU officials said that a report in the Times newspaper which said Brussels was prepared to offer a mechanism for the Northern Irish assembly to leave a new so-called backstop after a number of years was untrue. By 2030 GMT, the British currency was last down 0.08% at $1.2206, after spiking to as much as $1.2292. It also touched highs against the euro of 89.38 pence but was last down 0.1% at 89.81 pence. Immediate resistance can be seen at 1.2275 (5 DMA), an upside break can trigger rise towards 1.2365 (21 DMA).On the downside, immediate support is seen at 1.2195 (Daily low), a break below could take the pair towards 1.2154 (Lower BB).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Wednesday but remained in this week's narrow range as investors grew more optimistic about trade talks between the United States and China. U.S. crude oil futures rose 1.5% to $53.42 a barrel as concerns eased about escalating U.S.-China trade tensions, while unrest in OPEC members Iraq and Ecuador also supported prices. At (2011 GMT), the Canadian dollar was trading 0.05% higher at 1.3332 to the greenback. Immediate resistance can be seen at 1.3347 (Oct High), an upside break can trigger rise towards 1.3400 (Psychological level).On the downside, immediate support is seen at 1.3287 (11 DMA), a break below could take the pair towards 1.3243 (100 DMA).
USD/JPY: The U.S. dollar strengthened against the yen on Wednesday, as revived hopes for an resolution to the U.S.-Chinese trade war boosted greenback. Still, some analysts advocated caution about the latest bout of optimism around the U.S.-China trade talks. Against the yen, which tends to strengthen during times of geopolitical stress due to Japan’s standing as the world’s biggest creditor, the greenback was 0.36% higher at 107.46 yen. Strong resistance can be seen at 107.64 (21 DMA), an upside break can trigger rise towards 108.00 (Psychological level).On the downside, immediate support is seen at 106.90 (50 DMA), a break below could take the pair towards 106.55 (Lower BB).
German shares logged their best day in six weeks on Wednesday, leading the charge among European shares, as sentiment was lifted by signs of progress in U.S.-China trade relations a day ahead of high-level talks between the two parties.
The UK's benchmark FTSE 100 closed up by 0.76 percent, Germany's Dax ended up by 1.04 percent, and France’s CAC finished the up by 0.78 percent.
Tech stocks led Wall Street into the black on Wednesday, capping a three-day losing streak as a report that China was open to a partial deal heartened investors ahead of high-level trade negotiations.
Dow Jones closed up by 0.70 percent, S&P 500 ended up 0.91percent, Nasdaq finished the day up by 1.02 percent.
U.S. Treasury yields rose on Wednesday, a day that saw a flood of supply and on optimism for progress in U.S.-China trade negotiations that begin in Washington on Thursday.
The benchmark 10-year yield rose 4.5 basis points on Wednesday to 1.584%, after the auction was met with slightly soft demand. The measure of overall auction demand was 2.43, close to recent averages.
Gold eked out gains Wedneday as investors awaited Sino-U.S. trade deal outcome.
Spot gold was up 0.1% at $1,506.27 per ounce by 12:40 p.m. EDT (1640 GMT). U.S. gold futures rose 0.5% to $1,511.70 per ounce
Oil prices rose on Wednesday following media reports that China was open to a partial trade deal with the United States and after Turkey launched a military operation in northern Syria, but a build in U.S. crude inventories limited gains.
Brent crude was up 32 cents at $58.56 a barrel by 11:04 a.m. EDT (1504 GMT), and U.S. West Texas Intermediate crude was at $52.98, up 35 cents.