Europe Roundup: Sterling slumps as UK inflation declines, greenback steadies as investors await Fed monetary policy cues, euro eases on soft CPI - Wednesday, September 18th, 2019
Europe Roundup: Sterling eases on worse-than-expected retail sales, Swiss franc rallies as SNB keeps policy steady, European shares surge - Thursday, September 19th, 2019
Europe Roundup: Sterling eases on growing Brexit uncertainty, euro gains as German investor morale improves, oil off highs as markets assess Saudi attack impact - Tuesday, September 17th, 2019
America's Roundup:Dollar dips on mixed U.S. payrolls data,Wall Street advances,Gold falls 1%, Oil jumps as Fed signals it could act to sustain expansion-September 7th,2019
Asia Roundup: Euro consolidates ahead of ECB policy decision, dollar rallies against yen as trade optimism boosts risk sentiment, Asia shares at 6-week peak - Thursday, September 12th, 2019
Asia Roundup: Aussie slumps on weak economic data, Kiwi tumbles as NZ posts current account deficit, greenback steadies ahead of Fed policy decision - Wednesday, September 18th, 2019
America's Roundup: Dollar firms, ECB meeting in focus, Wall Street slips, Gold dips to near one-month low, Oil falls on possibility of Iran exports resuming after Trump fires hardline adviser-September 11th, 2019
Europe Roundup: Swiss franc, yen at 5-week lows as risk appetite improves, greenback gains as U.S. Treasury yields surge, sterling off 6-week peak amid persisting political uncertainty - Tuesday, September 10th, 2019
America’s Roundup: Dollar climbs on U.S. oil stockpile use after Saudi attacks,Wall Street dips, Gold rises 1%.Oil jumps nearly 15% in record trading after attack on Saudi facilities-September 17th, 2019
America’s Roundup: Dollar gains as Fed cuts rates, but easing outlook uncertain, Wall Street sinks, Gold slides 1%,Oil prices extend losses after Saudi pledge to restore lost output-September 19th,2019
Europe Roundup: Sterling eases as Brexit uncertainty persists, euro steadies as investors eye ECB policy decision and Draghi’s presser, European shares off 6-week peak - Thursday, September 12th, 2019
Asia Roundup: Antipodeans rally as global tensions abate, greenback steadies on firm U.S. economic data, investors eye EZ Q2 GDP - Friday, September 6th, 2019
Asia Roundup: Kiwi at 2-1/2 week trough ahead of RBNZ policy decision, yen gains as investors turn cautious amid U.S.-China trade talks, Asian shares rally - Friday, September 20th, 2019
Europe Roundup: Sterling eases as investors eye vote on early election, euro tumbles as EZ growth halves in Q2, markets await U.S. non-farm payroll report - Friday, September 6th, 2019
America's Roundup: Euro gains as bank relief offsets ECB stimulus, Wall Street ends mixed, Gold eases,Oil dips as demand concerns counter U.S.-China trade hopes-September 14th,2019
America's Roundup: Euro gains after ECB decision, yen weakens on trade hopes, Wall Street gains, Gold dips, Oil prices fall 1% on U.S.-China trade doubts, OPEC+ talks-September 13th, 2019
America’s Roundup: Dollar gains as bond markets flash recession warning, Wall Street tumbles, Gold rises, Oil tumbles 5% on weak global economic data, U.S. crude build-August 15th,2019
• US Jul Export Price Index (MoM) , 0.2%.-0.1 forecast, -0.6 previous
• US Jul Export Price Index (YoY), -0.9%.-1.4%forecast, -1.6% previous
• US Jul Import Price Index (MoM), 0.2%, 0.0%forecast,-1.1 previous
• US Jul Import Price Index (YoY) -1.8%,-2.9%forecast,-2.0% previous
Looking Ahead - Economic Data (GMT)
• 01:00 Austalia MI Inflation Expectations, 3.2% previous
• 01:00 Australia Jul Employment Change 14.0K, 0.5K previous
• 01:00 Australia Jul Full Employment Change 21K previous
• 01:00 Australia Jul Participation Rate 66.0%, 66.0%previous
• 01:30 China Jul House Prices (YoY) 10.3% previous
• 04:30 Japan Jun Capacity Utilization (MoM) 0.2 % forecast,- 1.7% previous
• 04:30 Japan Jun Industrial Production (MoM) -3.6% forecast,-3.6% previous
Looking Ahead - Events, Other Releases (GMT)
• 23:00 Australia RBA Assist Gov Debelle Speaks
EUR/USD: The euro declined against the U.S. dollar on Wednsday, as global recession fears grew, with the U.S. Treasury yield curve inverting for the first time since 2007 and Germany reporting that its economy had shrunk in the second quarter. The yield curve is closely watched for recession signals. The last time it inverted was during the U.S. sub-prime-mortgage crunch that set off the global financial crisis. Germany’s gross domestic product fell 0.1% quarter-on- quarter after growing 0.4% in the first quarter, the latest sign that world trade disputes are damaging Europe’s biggest economy. The euro was down 0.34 percent at $1.1133.An index that tracks the dollar versus a basket of six major currencies was up 0.21 at 98.04.Immediate resistance can be seen at 1.1178(38.2% retracement level), an upside break can trigger rise towards 1.1236 (Dec 10th high).On the downside, immediate support is seen at 1.1131 (Daily low), a break below could take the pair towards 1.1100 (Psychological level).
GBP/USD:The pound edged higher against dollar on Wednesday after inflation picked up in July, but the currency held within sight of a two-and-a-half year low as brewing concerns about a no-deal Brexit weighed on investor sentiment.The consumer price index rose 2.1% year-on-year in July from 2% in June, above a Reuters poll forecast of a 1.9% increase. The Bank of England’s inflation target is 2%. The pound was up 0.1% at $1.2074, above a low of $1.2015 hit on Monday, its weakest since January 2017. Versus the euro, the British currency was ahead slightly at 92.615 pence. Immediate resistance can be seen at 1.2105 (9DMA), an upside break can trigger rise towards 1.2247(21 DMA).On the downside, immediate support is seen at 1.2016 (Daily low), a break below could take the pair towards 1.2100 (Psychological level).
USD/CAD: The Canadian dollar weakened to a one-week low against its U.S. counterpart on Wednesday as oil prices dropped and investors worried about the global growth outlook. Oil prices fell on weak economic data from China and Europe and a rise in U.S. crude inventories. U.S. crude prices were down 3.56% at $55.03 a barrel.China reported weaker-than-expected economic data for July, including a surprise drop in industrial output growth to a more than 17-year low, while a slump in exports sent Germany’s economy into reverse in the second quarter. The Canadian dollar was trading 0.6% lower at 1.3304 to the greenback, or 75.17 U.S. cents.Immediate resistance can be seen at 1.3328 (Daily high), an upside break can trigger rise towards 1.3400 (Psychological level).On the downside, immediate support is seen at 1.3244 (9 DMA), a break below could take the pair towards 1.3179 (21 DMA).
USD/JPY: The dollar weakened against the Japanese yen on Wednesday, after the U.S. Treasury bond yield curve inverted for the first time since 2007 and investors, gripped by fear of a looming global recession, fled to the safety of perceived safe-haven assets. On Tuesday, the dollar jumped versus the yen after U.S. President Donald Trump backed off his Sept. 1 deadline for imposing 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods.Those gains were reversed overnight, however, as skepticism about the progress began to weigh.The dollar was 0.70 percent lower versus the Japanese yen at 105.98. Strong resistance can be seen at 105.60 (11 DMA), an upside break can trigger rise towards 106.98 (50 DMA).On the downside, immediate support is seen at 105.09 (50 DMA), a break below could take the pair towards 105.00 (Psychological level).
European stocks tumbled to a six-month low on Wednesday, as an inversion in the U.S. yield curve following bleak data out of major economies including Germany and China pointed to a looming recession.
The UK's benchmark FTSE 100 closed down by 1.42 percent, Germany's Dax ended down by 2.19 percent, and France’s CAC finished the down by 2.08 percent.
Wall Street main indexes slumped more than 2.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic data from Germany and China.
Dow Jones closed down by 3.05 percent, S&P 500 ended down 2.96 percent, Nasdaq finished the day down by 3.02 percent.
The U.S. Treasury bond yield curve inverted on Wednesday for the first time since 2007, in a sign of investor concern that the world’s biggest economy could be heading for recession.
The inversion saw U.S. 2-year note yields rise above the benchmark 10-year yield, which fell to 1.574%, the lowest since September 2016.U.S. 30-year yields also plunged, dropping to a record low of 2.015%.
Gold rose over 1% on Wednesday as an inverted U.S. Treasury yield curve and weak euro zone data stoked fears of a global economic recession and drove investors toward safe-haven bullion.
Spot gold rose 1.1% to $1,517.88 per ounce, as of 2:03 p.m. EDT (1803 GMT), after dipping as much as 2% in the previous session.U.S. gold futures settled up 0.9% at $1,527.80.
Oil prices sank roughly 5% on Wednesday after disappointing economic data from China and Europe revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.
Brent crude dropped $2.90, or 4.7%, to $58.40 a barrel, by 1:08 p.m. EDT (1708 GMT), erasing the previous session’s sharp gains after the United States moved to delay tariffs on some Chinese products.