Asia Roundup: Antipodeans surge on mixed Chinese economic data, greenback tumbles as weak U.S. retail sales support Fed rate cut expectations, Asian shares decline - Friday, October 18th, 2019
America's Roundup: Dollar dips as U.S.-China trade negotiations begin, Wall Street gain,Gold slips, Oil prices rise as OPEC pledges decision on supply-October 11th,2019
America's Roundup: Dollar range-bound as trade optimism fades,Wall Street gains, Gold slips 1%,Oil falls on weaker economic growth forecasts-October 16th,2019
Europe Roundup: Sterling eases as no-deal Brext fears persist; Swiss franc, yen gain as trade deal optimism ebb, European shares slump - Monday, October 14th, 2019
Europe Roundup: Sterling consolidates as no-deal Brexit concerns persist, euro eases as German industrial orders decline more than expected, investors eye Fed Chair Powell's speech - Monday, October 7th, 2019
Asia Roundup: Yen eases as investors eye U.S.-China trade talks, greenback steadies on Fed Chair Powell's comments, Asian shares tumble - Wednesday, October 9th, 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
Europe Roundup: Sterling rallies as EU Barnier's comments stoke Brexit deal hopes, euro plunges as German investor sentiment deteriorates, European shares surge - Tuesday, October 15th, 2019
America's Roundup: Dollar drops to more than one-month low ,Wall Street gains, Gold rises, Oil falls, fanned by inventory rise and global demand worries-October 18th,2019
Europe Roundup: Sterling eases on Brexit concerns, dollar gains against yen on U.S.-China trade deal hopes, European shares surge - Wednesday, October 9th, 2019
America's Roundup: Dollar slips as data disappoints,Wall Street slips, Gold stedies,Oil rises 1% on hopes OPEC will extend supply cuts-October 17th,2019
Europe Roundup: Sterling rallies as UK-EU agree on new Brexit deal, dollar rallies against yen amid developments on U.S.-China trade talks, European shares surge - Thursday, October 17th, 2019
Asia Roundup: Kiwi eases on RBNZ rate cut expectations, dollar off highs against yen on Hong Kong worries, investors eye EZ CPI figures - Wednesday, October 16th, 2019
Asia Roundup: Kiwi rallies on upbeat economic data, dollar gains against yen ahead of U.S.-China trade talks, Asian shares nudge higher - Tuesday, October 8th, 2019
Europe Roundup: Sterling at 3-month peak on Brexit deal hopes, dollar rallies against yen as investors eye U.S.-China trade talk outcome, European shares surge - Friday, October 11th, 2019
Asia Roundup: Kiwi steadies as RBNZ rate cut concerns ease, yen rallies amid caution over U.S.-China trade talks, Asian shares surge - Monday, October 7th, 2019
America’s Roundup: Dollar gains as risk sentiment improves, Wall Street ends flat, Gold dips to 2-week low, Oil gets boost as new Saudi minister commits to output cuts-September 10th,2019
• Russia GDP Quarterly YoY (Q2) 0.9%,0.9% forecast, 0.9% previous
• US Aug CB Employment Trends Index 110.60, 110.70 previous
• US Jul Consumer Credit 16.10B forecast, 14.60B previous
Looking Ahead - Economic Data (GMT)
• 22:45 Zealand Aug Electronic Card Retail Sales (YoY) 1.6% previous
• 22:45 New Zealand Aug Electronic Card Retail Sales (MoM) -0.1% previous
• 23:50 Japan M2 Money Stock (YoY) 2.4% previous
• 23:50 Japan Aug M3 Money Supply 1,807.7T previous
• 01:30 Australia Aug NAB Business Confidence 4
• 01:30 Australia Aug NAB Business Survey 2
• 01:30 China Aug CPI (YoY) 2.6% forecast, 2.8% previous
• 01:30 China Aug CPI (MoM) 0.5% forecast, 0.4% previous
• 01:30 China Aug PPI (YoY) -0.9% forecast, -0.3% previous
Looking Ahead - Events, Other Releases (GMT)
No significant events
EUR/USD: The euro strenthed against the U.S. dollar on Monday, after a report that Germany may boost fiscal stimulus increased hopes that governments will act to boost growth in the region, though expectations of further central bank easing kept a lid on gains. Euro gains were capped, however, before the European Central Bank’s meeting on Thursday, when the central bank is expected to introduce a new wave of monetary stimulus. The euro may get a boost, however, if the ECB disappoints dovish expectations already baked into the market.The euro was up 0.01 percent at $1.1047. An index that tracks the dollar versus a basket of six major currencies was down 0.30 at 98.30. Immediate resistance can be seen at 1.1076 (21 DMA), an upside break can trigger rise towards 1.1146 (50 DMA).On the downside, immediate support is seen at 1.1022 (5 DMA), a break below could take the pair towards 1.0967 (lower BB).
GBP/USD: Sterling trimmed earlier gains against dollar on Monday, as investors took profits after a rally lifted the British currency to six-week highs thanks to surprisingly strong data and hopes that Britain will not crash out of the European Union without a deal. Brexit will be delayed again, according to a poll of economists that continued to put the chance of Britain and the European Union parting ways without agreeing a deal at 35%, despite the UK parliament attempting to block a no-deal exit. The pound trimmed gains to stand up 0.1% on the day at $1.2342. It jumped to a six-week high of $1.2385 in London trading after economic data beat forecasts. Immediate resistance can be seen at 1.2384 (Higher BB), an upside break can trigger rise towards 1.2400 (Psychological level).On the downside, immediate support is seen at 1.2265 (5 DMA), a break below could take the pair towards 1.2214 (11 DMA).
USD/CAD: The Canadian dollar strengthened to its highest level in nearly six weeks against its U.S.counterpart on Monday as the price of oil, one of Canada's major exports, rose and recent data bolstered investor confidence inthe domestic economy. Data on Friday showed that Canada's economy added 81,100 jobs in August. It followed data the previous week showing that gross domestic product expanded at an annualized rate of 3.7% in the second quarter, even as other countries were being hurt by global trade uncertainty. The Canadian dollar was trading 0.1% higher at 1.3160 to the greenback. The currency, which last week snapped a seven-week losing streak, touched its strongest intraday level since July 31 at 1.3140.Immediate resistance can be seen at 1.3191 (50 DMA), an upside break can trigger rise towards 1.3263 (11 DMA).On the downside, immediate support is seen at 1.3140 (Daily low), a break below could take the pair towards 1.3100 (Psychological level).
USD/JPY: The U.S. dollar strenthed against the yen on Monday, as demand for riskier assets improved on expectations that global central banks will launch stimulus measures to support their slumping economies.The European Central Bank meets on Thursday. Money markets show investors expect a 10 basis-point cut in the deposit rate to -0.50% in the first cut since 2016. Some investors are betting on a bigger 20 basis-point easing; nearly a quarter of economists polled anticipate this too. On Friday, China's central bank cut reserve requirements for a seventh time since early 2018 to free funds for lending.Federal Reserve Board Chairman Jerome Powell said on Friday.the U.S. central bank would continue to "act as appropriate" to sustain U.S. expansion. Strong resistance can be seen at 107.37 (Higher BB), an upside break can trigger rise towards 108.00 (Psychological level).On the downside, immediate support is seen at 106.46 (9 DMA), a break below could take the pair towards 106 .00 (Psychological level).
European stocks finished lower on Monday as Britain’s export-heavy FTSE index tumbled due to a stronger pound, while selling in defensive sectors such as healthcare and utilities dented early gains in markets.
The UK's benchmark FTSE 100 closed down by 0.64 percent, Germany's Dax ended up by 0.28 percent, and France’s CAC finished the the day down by 0.27 percent.
U.S. stocks ended flat on Monday as increased expectations of stimulus from central banks around the world were offset by losses in technology and healthcare shares.
Dow Jones closed up by 0.14 percent, S&P 500 ended down 0.01 percent, Nasdaq finished the day down by 0.19 percent.
U.S. Treasury yields rose to three-week highs on Monday, in line with gains in the European
bond market, as risk appetite improved amid easing U.S.-China trade tensions and expectations of less-aggressive action from the European Central Bank this week..
Yields on U.S. debt, from two-year notes to 30-year bonds, all hit peaks after rising in two of the last three sessions, as investors grew less nervous about the U.S.-China trade war. Washington and Beijing have agreed to go back to the negotiating table.
Gold fell to an over two-week low on Monday, briefly breaking below the key $1,500 support, as renewed risk appetite and gaining U.S. yields outweighed support for bullion from expectations for interest rate reductions by top central banks.
Spot gold fell 0.2% to $1,503.56 per ounce at 1:36 p.m. EDT (1736 GMT). The metal touched $1,497.30, its lowest since Aug. 23.U.S. gold futures settled down 0.3% to $1,511.10.
Oil prices rose about 2% on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations that he would stick with his country's policy of limiting crude output to support prices.
Brent crude futures gained $1.05, or 1.7%, to settle at $62.59 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose $1.33, or 2.4%, to settle at $57.85 a barrel.