Europe Roundup: Euro jumps on dollar weakness, European shares turns choppy, Gold falls, Oil prices fall as demand woes eclipse U.S. stimulus-March 25th,2020
Europe Roundup: Sterling falls to lowest since 1985, European shares edged down, Gold slips, Oil up after three-day plunge but coronavirus curbs gains-March 19th,2020
America’s Roundup: Dollar stands tall as coronavirus fears fuel rush for funding, Wall Street ,dips, Gold slides nearly 3%,U.S. oil plunges to 18-year low as lockdowns trigger market meltdown-March 19th,2020
America’s Roundup: Dollar edges higher as investors wait on fiscal stimulus,Wall Street surges, Gold gains, Oil little changed as falling demand offsets hopes of U.S. aid package-March 25th,2020
Asia Roundup: Aussie retreats from near 18-year lows, euro gains on ECB asset purchase program, investors eye SNB policy meeting outcome - Thursday, March 19th, 2020
Europe Roundup: Sterling falls as investors seek safety in dollars, European shares slump, Gold dips, Oil extends fall as coronavirus shutdowns sap demand-March 23rd,2020
Europe Roundup: Euro declines as virus fears outweigh stimulus hopes,Gold falls 1%,U.S. crude prices fall to 17-year low as coronavirus spreads-March 18th,2020
Asia Roundup: Aussie slumps despite additional stimulus announcement, yen rebounds amid worsening coronavirus crisis, Asian shares tumble - Monday, March 23rd, 2020
Europe Roundup: Euro gains as ECB removes barriers in crisis fighting purchases, European stocks drop, Gold dips, Oil falls as sinking demand outweighs stimulus hopes-March 26th,2020
America’s Roundup: Dollar surges to highest since January 2017, Wall Street ends higher, Gold drops, U.S. oil reverses losses, posts largest one-day gain on record-March 20th,2020
America’s Roundup: Dollar retains advantage amid coronavirus crisis, Wall Street slides, Gold surges 2%, Oil edges higher, U.S. gasoline slumps over 30% on sinking demand-March 24th,2020
Europe Roundup: Sterling climbs off 1985 lows as markets rebound,European shares bounce, Gold jumps 3%, Oil gains as banks flood market with cheap dollars-March 20th,2020
Asia Roundup: Antipodeans near 1-week peak, dollar steadies against yen as investors wait U.S. stimulus bill, Asian shares rally - Wednesday, March 25th, 2020
Asia Roundup: Antipodeans rally, greenback eases as Fed launches limitless quantitative easing, Asian shares rebound - Tuesday, March 24th, 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
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 gains on positive U.S. economic data,Wall Street ends higher, Gold slips, Oil gains on U.S.-China deal-January 17th,2020
• 13:30 US Continuing Jobless Claims 1,767K, 1,720K forecast 1,804K previous
• 13:30 US Dec Core Retail Sales (MoM) 0.7%, 0.5% forecast 0.1% previous
• 13:30 US Dec Export Price Index (MoM) -0.2%, 0.2% forecast, 0.2% 0.2%
• 13:30 US Export Price Index (YoY) -0.7% , -1.3% previous
• 13:30 US Import Price Index (YoY) 0.5% , -1.3% previous
• 13:30 US Dec Import Price Index (MoM) 0.3%, 0.3% forecast, 0.1% previous
• 13:30 US Initial Jobless Claims 204K, 216K forecast 214K previous
• 13:30 US Jobless Claims 4-Week Avg 216.25K, 224.00K previous
• 13:30 US Jan Philadelphia Fed Manufacturing Index 17.0, 3.8 forecast, 2.4 previous
• 13:30 US Jan Philly Fed Business Conditions 38.4, 34.8 previous
• 13:30 US Jan Philly Fed CAPEX Index 32.90, 26.00 previous
• 13:30 US Jan Philly Fed Employment 19.3, 16.8 previous
• 13:30 US Dec Retail Sales (MoM) 0.3% , 0.3% forecast 0.3% previous
• 13:30 Canada ADP Nonfarm Employment Change 46.2K , 30.9K previous
• 13:30 US Nov Business Inventories (MoM) -0.2%,-0.1% forecast, 0.1% previous
• 13:30 US Nov Retail Inventories Ex Auto -0.2%,-0.2% previous
Looking Ahead - Economic Data (GMT)
• 21:00 US Nov Foreign Buying, T-bonds -16.80B previous
• 21:00 US Nov Overall Net Capital Flow -48.30B previous
• 21:00 US Nov TIC Net Long-Term Transactions 34.5B, 32.5B previous
• 21:30 New Zealand Dec Business NZ PMI 51.4 previous
• 23:50 Japan Foreign Bonds Buying -192.7B previous
• 23:50 Japan Foreign Investments in Japanese Stocks -80.8B previous
• 00:00 Australia HIA New Home Sales (MoM) -0.5% previous
• 02:00 China Dec Fixed Asset Investment (YoY) 5.2% forecast, 5.2% previous
• 02:00 China GDP (QoQ) (Q4) 1.5% forecast, 1.5% previous
• 02:00 China GDP (YoY) (Q4) 6.0% forecast, 6.0% previous
• 02:00 China Dec Industrial Production (YoY) 5.9% forecast, 6.2% previous
• 02:00 China Unemployment Rate 5.1% previous
• 04:30 Japan Tertiary Industry Activity Index (MoM) -4.6% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against the U.S. dollar on Thursday, after multiple data releases painted a positive U.S. economic picture. The Commerce Department said on Thursday retail sales increased 0.3% last month. Data for November was also revised upward to show retail sales gaining 0.3% instead of rising 0.2%, as previously reported. The euro was down 0.12 percent at $1.1136. An index that tracks the dollar versus a basket of six major currencies was up 0.11 at 97.31 on Monday. Immediate resistance can be seen at 1.1164 (Daily High), an upside break can trigger rise towards 1.1213 (Higher BB).On the downside, immediate support is seen at 1.1138 (9 DMA), a break below could take the pair towards 1.1100 (Psychological level).
GBP/USD: Sterling strengthened against dollar Thursday, as investors increased bets on the Bank of England cutting interest rates later this month. Money markets are pricing in a roughly 57% chance of a 25 basis point cut to rates in January, down from more than 60% on Wednesday. Traders are now preparing for December retail sales data due on Friday, followed by purchasing managers’ index (PMI) surveys next week.Immediate resistance can be seen at 1.3079 (11 DMA), an upside break can trigger rise towards 1.3206 (Higher BB).On the downside, immediate support is seen at 1.3020 (50 DMA), a break below could take the pair towards 1.2913 (Lower BB).
USD/CAD: The Canadian dollar was little changed against the greenback on Thursday, extending this week's sideways trading pattern as the U.S. dollar broadly rose and data from a payroll services provider showed the sixth straight month of domestic job gains. Canada added 46,200 jobs in December, the sixth straight month of gains, led by increased hiring in education and health care, as well as construction, according to a report from ADP. At (20:30GMT), the Canadian dollar was trading nearly unchanged at 1.3042 to the greenback. Immediate resistance can be seen at 1.3063 (21 DMA), an upside break can trigger rise towards 1.3104 (Jan 8th high).On the downside, immediate support is seen at 1.3030 (9 DMA), a break below could take the pair towards 1.3000 (Psychological level).
USD/JPY: The dollar gained against the Japanese yen on Thursday, as some encouraging U.S. data boosted dollar across the board. The dollar has weakened since the United States and China on Wednesday signed a deal in which China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs. The dollar was last up 0.23% at 110.14 yen . Strong resistance can be seen at 110.23 (Jan 9thhigh), an upside break can trigger rise towards 110.64 (May 22nd High).On the downside, immediate support is seen at 109.83 (5 DMA), a break below could take the pair towards 109.40 (9 DMA).
European shares ended higher on Thursday after the signing of a long anticipated Phase 1 U.S.-China trade deal lifted some level of near-term uncertainty, while disappointing earnings dragged down London shares.
UK's benchmark FTSE 100 closed up by 0.43 percent, Germany's Dax ended down by 0.02 percent, France’s CAC finished the day up by 0.11 percent.
U.S. stock index futures hovered near all-time highs on Thursday on optimism over an initial U.S.-China trade deal and a positive start to the fourth-quarter earnings season.
Dow Jones closed up by 0.80 percent, S&P 500 ended up by 0.69 percent, Nasdaq finished up by 0.85 percent.
U.S. Treasury yields rose on Thursday on positive economic data and bank earnings, and higher demand for stocks.
The benchmark 10-year yield was up 2.1 basis points in afternoon trading at 1.8091%.
Gold slipped on Thursday, as the safe-haven metal was hurt by upbeat U.S. economic data that signalled a healthy economy, and as stock markets climbed on optimism brought about by the signing of the U.S.-China Phase 1 trade deal.
Spot gold fell 0.4% to $1,549.97 per ounce at 11:51 a.m. EST (1651 GMT). U.S. gold futures were down 0.2% at $1,550.8.
Oil rose on Thursday as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets, but the gains were capped after the International 7Energy Agency said it expected oil production to outpace demand.
Brent was up 50 cents, or 0.8%, to $64.50 a barrel by 1449 GMT, and West Texas Intermediate rose by 38 cents, or 0.7%, to $58.19 a barrel.