America’s Roundup: Euro falls against dollar as recession fears grow,European shares gain, Gold dips over 2%, Oil price bounces off 18-year lows-March 31st,2020
America’s Roundup: Dollar index on track for biggest weekly fall in decade, Wall Street tumbles, Gold eases, Oil plunges more than 5% despite stimulus efforts-March 28th,2020
America’s Roundup: Dollar resumes climb investors disregard grim jobs report, Wall Street falls ,Gold inches up, Brent crude surges 10% on hopes of oil output deal-April 4th,2020
Asia Roundup: Dollar holds gains as investors eye U.S. unemployment data, Asian shares plunge as coronavirus roils global economy - Thursday, April 2nd, 2020
Europe Roundup: Euro recovers on virus slowdown hopes, European shares jump, Gold rises more than 1%, Oil falls after Saudi Arabia, Russia delay meeting-April 6th,2020
America’s Roundup: Dollar rises against yen as Japan ready to declare state of emergency, Wall Street soars 7%, Gold jumps 2%, Oil drops over $1 on oversupply after OPEC+ delays meeting-April 7th,2020
Europe Roundup: Sterling gains as traders shun safe-haven dollar, European shares dip, Gold slips, Oil falls as demands fears outweigh stimulus efforts-March 27th,2020
Asia Roundup: Japanese yen steadies amid fears of worsening coronavirus pandemic, greenback erases losses after Fed announces temporary repo facilities for central banks, Asian shares plunge - Wednesday, April 1st, 2020
Europe Roundup: Euro races higher as dollar slips against most major currencies ,European shares climb, Gold slips 1%, Oil rises as hopes build for global production cut-April 7th,2020
Asia Roundup: Aussie eases despite better-than-expected retail sales, greenback near 1-week peak as U.S. non-farm payrolls loom, Asian shares steady - Friday, April 3rd, 2020
Europe Roundup: Euro dips against dollar as surging COVID-19 spells disaster for global growth, European shares falls, Gold eases, Oil prices rise, but doubts remain on Russia-Saudi deal-April 3rd 2020
America’s Roundup: Dollar drops, sterling gain as risk appetite increases, Wall Street gains, Gold dips, Oil drops on growing crude glut, doubts over output cuts-April 8th,2020
Europe Roundup: Euro dips as investors scramble for greenback, European shares gain, Gold gains, Oil jumps as Trump talks up truce hopes for Saudi-Russia price war-April 2nd 2020
Europe Roundup: Euro dips against dollar as German manufacturing output sinks in March , European stocks slide, Gold surges ,Oil market slammed again by supply glut and weak demand-April 1st 2020
Asia Roundup: Aussie declines after S&P cuts Australian credit outlook, greenback steadies as investors await Fed minutes, Asian shares plunge as virus worries return - Wednesday, April 8th, 2020
Asia Roundup: Aussie steadies as investors expect RBA to hold rates, greenback holds firm on Fed comments, Asian shares nudge higher - Monday, April 6th, 2020
America’s Roundup: Dollar gains on optimism coronavirus will be contained,Wall Street rises, Gold hits one-week low, Oil rises 3% as demand worries ease amid fewer new coronavirus cases-February 13th,2020
• US Crude Oil Inventories 7.459M , 2.987M forecast, 3.355M previous
• US Crude Oil Imports 0.806M, 0.051M previous
• US Gasoline Production -0.662M, 0.745M previous
• US Feb Thomson Reuters IPSOS PCSI 62.90, 63.42 previous
• Brazil Foreign Exchange Flows 3.698B, -0.384B previous
• US Jan Federal Budget Balance -33.0B, -11.5B forecast, -13.3B previous
Looking Ahead - Economic Data (GMT)
• 23:50 Japan Jan PPI (MoM) 0.2% forecast ,0.1% previous
• 23:50 Japan Jan PPI (YoY) 1.5% , 0.9% previous
• 00:01 UK Jan RICS House Price Balance 3%,-2% previous
Looking Ahead - Events, Other Releases (GMT)
• 00:15 Canada BoC Gov Poloz Speaks
• 00:15 Australia RBA Governor Lowe Speaks
EUR/USD: The euro declined against the U.S. dollar on Wednesday, as risk appetite improved as the spread of the coronavirus that has spooked world markets showed signs of slowing. China on Wednesday reported its lowest number of new coronavirus cases since late January, lending weight to a prediction from its senior medical adviser that the outbreak could be over by April and boosting riskier assets such greenback. The euro fell as low as $1.0869 on Wednesday, the lowest since Oct. 30th . Immediate resistance can be seen at 1.0928 (5 DMA), an upside break can trigger rise towards 1.0988 (11 DMA).On the downside, immediate support is seen at 1.0861 (Lower BB), a break below could take the pair towards 1.0800 (Psychological level).
GBP/USD: The pound recovered some ground against dollar on Wednesday, as absence of any major economic data or news related to trade talks with the European Union provided some respite to British pound. In late US trading, sterling was up 0.1% at $1.2957 and roughly 0.75% above Monday’s 2-1/2-month low hit amid uncertainty over Britain’s future trade relationship with the European Union. Against the euro, the pound touched its highest level in just over a week at 84.14 pence but held a very narrow range. Immediate resistance can be seen at 1.2997 (11 DMA), an upside break can trigger rise towards 1.3067(50 DMA).On the downside, immediate support is seen at 1.2945 (Daily low), a break below could take the pair towards 1.2900 (100 DMA).
USD/CAD: The Canadian dollar strengthened to a one-week high against its U.S. counterpart on Wednesday as reduced concern about the economic impact of the coronavirus outbreak boosted stocks and the price of oil . Global stock markets and oil prices climbed as China reported its lowest daily number of new coronavirus cases since late January. The news stoked investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover from the epidemic. Immediate resistance can be seen at 1.3266 (11 DMA), an upside break can trigger rise towards 1.3288 (5 DMA).On the downside, immediate support is seen at 1.3234 (Daily low), a break below could take the pair towards 1.3000 (Psychological level).
USD/JPY: The U.S. dollar strengthened against the yen on Wednesday, as a drop in new coronavirus cases raised hopes that the fallout of the epidemic on the world’s second biggest economy might not be as bad as previously feared. On Wednesday, China reported its lowest number of new cases of the flu-like virus since late January, lending weight to a prediction from its senior medical adviser that the outbreak, which has now killed over 1,100 people, could be over by April..At (GMT 20:22),the dollar was 0.28 percent higher versus the Japanese yen at 110.09. Strong resistance can be seen at 110.14 (Daily high), an upside break can trigger rise towards 110.51 (Higher BB).On the downside, immediate support is seen at 108.88 (5 DMA), a break below could take the pair towards 109.44 (11 DMA).
European shares hit a record high for the second straight session on Wednesday, as a drop in new coronavirus cases prompted buying in China-focused stocks, even as investors remained wary of the epidemic’s economic impact.
UK's benchmark FTSE 100 closed up by 0.47 percent, Germany's Dax ended up by 0.89 percent, France’s CAC finished the day up by 0.83 percent.
U.S. stock index futures rose on Wednesday after a drop in the number of new cases of coronavirus infections in China raised hopes that the economic fallout from the outbreak would be contained.
At (GMT 20:36),Dow Jones was last up by 0.86 percent, S&P 500 was up by 0.59 percent, Nasdaq was up by 0.78 percent.
U.S. Treasury yields rose on Wednesday as investors showed a renewed appetite for risk following a reported drop in the number of new coronavirus cases in China.
The benchmark 10-year yield was up 3.8 basis points in midday trading at 1.6282%.
Gold prices inched down to a near one-week low on Wednesday as investors' risk appetite picked up on reports of a decline in new coronavirus cases, although concerns over its impact on the global economy persisted.
Spot gold was down 0.1% to $1,566.31 per ounce at 1059 GMT, having touched its lowest since Feb. 6 at $1,561.16 earlier. U.S. gold futures were flat at $1,569.60.
Oil prices rose 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover.
Brent crude was up $1.82, or 3.3%, at $55.83 per barrel at 10:42 a.m. EST (1542 GMT). U.S. West Texas Intermediate (WTI) rose $1.40 a barrel, or 2.8%, to $51.34 a barrel.