Europe Roundup: Sterling falls to 6-week low vs dollar, European shares inch higher, Gold falls, Oil prices reverse some losses but demand concerns persist-September 9th,2020
America’s Roundup: Dollar falls against the yen,Wall Street ends lower,Gold rises, Oil flat as Libya developments counter OPEC+ boost-September 19th,2020
Europe Roundup: Euro gains on weaker dollar, all eyes on Fed meeting, European stocks gain, Gold rises, Oil slips as demand concerns rise, Libya output looms-September 14th,2020
Asia Roundup: Antipodeans halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 2020
Europe Roundup:Euro edges higher as investors await Fed statement, European stocks gains,Gold rises, Oil jumps above $41 as storm hits U.S. output, inventories drop-September 16th,2020
Europe Roundup: Euro gains as soft U.S. data, uncertainty darken outlook, European share dips, Gold rises, Oil prices mixed as OPEC boost countered by Libyan developments-September 18th,2020
Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,2020
America’s Roundup: Dollar dips as market recovers from weak U.S. jobs data,Wall Street drops, Gold eases, Oil prices edge up off three-month lows, but demand concerns persist-September 12th,2020
Asia Roundup: Kiwi plunges ahead of RBNZ policy decision, Aussie slumps on RBA Debelle's comments, greenback holds near 6-week high as investors eye Fed Powell's testimony - Tuesday, September 22nd, 2020
Europe Roundup: Euro dips as eurozone Sept business growth halts ,European stocks gain,Gold hits six-week trough, Oil edges up to $42, eyeing Libya and U.S. inventories-September 23rd,2020
Asia Roundup: Kiwi retreats from 2-week low as business confidence improves, Aussie rebounds as consumer sentiment rises, Asian shares plunge on tech selloff - Wednesday, September 9th, 2020
America’s Roundup: Dollar gains as risk assets tumble on rising COVID-19 cases, U.S. election uncertainty, Wall Street ends lower, Gold slides 3%, Oil falls 5% as economic outlook dims with rising virus cases-September 22nd 2020
Europe Roundup: Euro firms as ECB policymakers calm worries,European shares flat, Gold slips, Oil falls on U.S. market slide, surprise inventories rise-Sep 11th,2020
Europe Roundup: Euro dips as Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,2020
America’ Roundup: Sterling regains lost ground after BoE negative rate talk,Wall Street falls ,Gold slips ,Oil rises 2%, reverses loses as OPEC+ addresses market weakness-September 18th,2020
Asia Roundup: Dollar eases on growing concerns over U.S. stimulus, euro rallies on ECB Lagarde's comments, investors eye U.S. CPI data - Friday, September 11th, 2020
America’s Roundup: Dollar gains on upbeat manufacturing data,Wall Street jumps, Gold pulls back from record high, Oil rises more than 1% on hopes for economic recovery-August 4th,2020
•13;00 French 12-Month BTF Auction -0.560% ,-0.556% previous
• 13;00 French 6-Month BTF Auction-0.590% ,-0.562% previous
•13;00 French 3-Month BTF Auction -0.574% ,-0.565% previous
•13:45 US Jul Manufacturing PMI 50.9, 51.3 forecast, 49.8 previous
•14:00 US Jul ISM Manufacturing Prices 53.2, 52.0 forecast, 51.3 previous
•14:00 US Jul ISM Manufacturing Employment 44.3, 48.3 forecast, 42.1 previous
•14:00 US Jul ISM Manufacturing PMI 54.2 ,forecast 53.6, 52.6 previous
•14:00 US Jul Construction Spending (MoM) -0.7%, 1.0% forecast, -2.1% previous
•14:00 US Jul ISM Manufacturing New Orders Index 61.5, 56.4 previous
•15:30 US 3-Month Bill Auction 0.100%, 0.105% previous
•15:30 US 6-Month Bill Auction 0.105%, 0.130% previous
Looking Ahead Economic Data
• 23:30 Japan Jul CPI Tokyo Ex Food and Energy (MoM) -0.2% previous
• 23:30 Jul Japan Jul Tokyo CPI (YoY) 0.3% previous
• 23:30 Jul Japan Tokyo Core CPI (YoY) 0.2%forecast, 0.2% previous
• 01:00 Australia Jul Trade Balance 8.800B forecast, 8.025 previous
• 01:00 Australia Exports (MoM) -4% previous
• 01:00 Australia Jul Imports (MoM) -6% previous
• 01:30 Australia Retail Sales (MoM) 2.4% forecast, 16.9% previous
• 01:30 Australia Aug RBA Interest Rate Decision 0.25% forecast,0.25% previous
Looking Ahead - Events, Other Releases (GMT)
• 04:30 Australia RBA Rate Statement
EUR/USD: The euro dipped against dollar on Monday as rising coronavirus cases and concerns over the U.S. economy weighed on investor sentiment. Investors were nervous at the lack of a new stimulus package in the United States with White House Chief of Staff Mark Meadows not optimistic on reaching agreement soon on a deal.A Bank of England rate decision on Thursday and U.S. jobs data on Friday will also keep investors on the sidelines. Immediate resistance can be seen at 1.1793 (38.2% fib), an upside break can trigger rise towards 1.1829 (23.6%fib).On the downside, immediate support is seen at 1.1689 (Daily low), a break below could take the pair towards 1.1676 (11DMA).
GBP/USD: The pound fell against a stronger dollar on Monday as investors weighed the government’s strategy of local lockdowns and looked ahead to the Bank of England’s policy meeting on Thursday. The pound reached $1.3170 - its highest in nearly five months - on Friday, benefiting from investor caution about rising COVID-19 cases in the United States and data suggesting the economic recovery there was losing momentum. But on Monday the dollar strengthened, pushing cable down to $1.3074 .Immediate resistance can be seen at 1.3113 (Daily high), an upside break can trigger rise towards 1.3174 (23.6%fib).On the downside, immediate support is seen at 1.2959 (38.2%fib), a break below could take the pair towards 1.2886(11 DMA).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Monday as upbeat US manufacturing data boost dollar. Manufacturing activity in US accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence in new COVID-19 infections. The Canadian dollar was trading 0.03% lower at 1.3394 to the greenback. The currency touched its weakest intraday level since 1st August. Immediate resistance can be seen at 1.3435 (23.6%fib), an upside break can trigger rise towards 1.3471 (21 DMA).On the downside, immediate support is seen at 1.3361 (31st July low), a break below could take the pair towards 1.3300 (Psychological level).
USD/JPY: The dollar strengthened against the Japanese yen on Monday as upbeat U.S. economic data boosted greenback. Manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence in new COVID-19 infections, the Institute for Supply Management said. The dollar index rose 0.151,while Japanese yen weakened 0.10% versus the greenback at 106.05 per dollar. Strong resistance can be seen at 106.45 (Daily high), an upside break can trigger rise towards 107.64 (61.8% fib).On the downside, immediate support is seen at 105.59 (Daily low), a break below could take the pair towards 105.08 (38.2%fib).
A modest expansion in euro zone manufacturing activity and hopes of fresh U.S. stimulus lifted European stocks across the board on Monday, with automakers, miners and construction & material firms leading the gains.
UK's benchmark FTSE 100 closed up by 2.29 percent, Germany's Dax ended up by 2.73 percent, France’s CAC finished the day up by1.93 percent.
Wall Street rallied on Monday as a rebound in multibillion-dollar deals, including Microsoft’s pursuit of TikTok’s U.S. operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed.
Dow Jones closed up by 0.89% percent, S&P 500 closed up by 0.72% percent, Nasdaq settled up by 1.47% percent.
The Treasury yield curve steepened on Monday, an indication of improved investor sentiment, after an Institute for Supply Management (ISM) report showed that U.S. manufacturing activity rose to a 1-1/2 year high in July.
The long end of the yield curve was higher, with the benchmark 10-year yield last up 2.3 basis points and the 30-year yield last up 4.3 basis points. At the short end, the two-year and five-year yields were up less than a basis point.
Gold prices retreated from a record high on Monday after the dollar strengthened and investors booked some profits, with the focus now on proposals for new U.S. coronavirus aid to extend relief benefits to jobless Americans.
Spot gold fell 0.3% to $1,969.74 per ounce at 12:33 p.m. EDT (1633 GMT), having earlier hit a record high of $1,984.66. U.S. gold futures eased 0.1% at $1,984.10.
Oil prices were up more than 1% on Monday on positive economic data from the United States, Europe and Asia, but investors remained concerned about rising COVID-19 cases globally and oversupply as OPEC begins to lift supply cuts.
Brent crude settled at $44.15 a barrel, rising 63 cents, or 1.5%. U.S. West Texas Intermediate (WTI) crude rose 74 cents, or 1.8%, to end at $41.01 a barrel.