America’s Roundup: Dollar gains as virus concerns dents risk appetite, Wall Street ends higher ,Gold steadies, Oil prices climb as U.S. economic data lends support-June 26th,2020
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
Asia Roundup: Euro eases following ECB Knot's comments, yen rallies as resurgent virus threatens global economic recovery, Asian shares consolidate - Friday, June 26th, 2020
America’s Roundup: Dollar falters as decent U.S. data curbs safe haven demand, Wall Street gains, Gold retreats from near 8-year peak, Oil prices firm on factory, inventory data-July 2nd, 2020
Europe Roundup: Sterling gains on infrastructure spending promise, Brexit caps gains, European shares gain Gold holds close to near 8-year peak, Oil rises on improving economic data, supply cut-June 29th,2020
Europe Roundup: Euro dips on fears of pandemic wave, European stocks rebound, Gold steadies, Oil slips towards $40 on record U.S. inventories, COVID fears-June 25th,2020
Asia Roundup: Aussie near 3-week peak ahead of RBA policy meeting, dollar steadies against yen as investors eye U.S. services sector data, Asian shares at 4-month high - Monday, July 6th, 2020
Asia Roundup: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
America’s Roundup: Dollar dips as infections spike hits confidence,Wall Street ends higher, Gold jumps, Oil up above 2% on tighter supplies, eased lockdowns-June 23rd 2020
America’s Roundup: Dollar stumbles as jump in coronavirus cases dented the economic outlook, Wall Street ends higher, Gold hits highest since October 2012, Oil flat, near highest since March, after Trump assurance on China trade-June 24th,2020
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
Asia Roundup: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 2020
America’s Roundup: U.S. dollar rises as surge in coronavirus cases boosts haven bid,Wall Street falls, Gold slides, Oil settles lower on rise in U.S. coronavirus cases-June 27th,2020
Europe Roundup: Euro dips as coronavirus surge unnerves investors European stocks dips, Gold soars towards 8-year high, Oil falls on rising stocks, worries of new virus wave-June 24th,2020
Europe Roundup: Euro dips as grim data keeps euro under pressure, European shares edge lower, Gold hovers close eight years high, Oil prices drop on prospect of returning Libyan supplies-June 30th,2020
America’s Roundup: Dollar hits 2-months low against a basket of currencies,Wall Street gains, Gold slips 1%,Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns-June3rd 2020
• S&P 500, Dow Jones indexes hit 3-month highs
• US Redbook (YoY) -1.4%, -5.5% previous
• US Redbook (MoM) -7.2%,-1.5% previous
• French 12-Month BTF Auction -0.514%, -0.517% previous
• US May ISM NY Business Conditions 19.5%, 4.3% previous
• 13:00 US May ISM-New York Index 811.3, 826.5 previous
• New Zealand GlobalDairyTrade Price Index 1.0% forecast ,1.0% previous
Looking Ahead Economic Data
• 22:30 Australia May AIG Construction Index 21.6 previous
• 22:30 Australia Services PM I 25.5, 19.5 previous
• 00:00 Australia HIA New Home Sales (MoM) -23.2% previous
• 00:30 Japan May Services PMI 25.3 forecast, 21.5 previous
• 13:30 Australia GDP (QoQ) (Q1) -0.3%,0.5% previous
• 13:30 Australia GDP Chain Price Index (Q1) -1.2% previous
• 13:30 Australia Building April 2020 Approvals (MoM) -15.0%
• 13:30 Australia April Private House Approvals -1.2% previous
• 13:30 Australia GDP Capital Expenditure (Q1) -1.0% previous
• 13:30 Australia GDP (YoY) (Q1) 1.4, 2.2% previous
•14:00 China May Caixin Services PMI 44.4 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro reached an 11-week high on Tuesday as the dollar lost ground, with investors maintaining their hopes for a global economic recovery. The optimism persisted within markets despite growing concern over U.S.-China tensions and mass protests across the United States over the death of a black man in police custody. Traders remain hopeful that central banks will continue to buy government bonds and other financial assets to protect their economies from the coronavirus pandemic. Immediate resistance can be seen at 1.1196 (61.8% fib), an upside break can trigger rise towards 1.1235 (March 16th high).On the downside, immediate support is seen at 1.1106 (50 % fib), a break below could take the pair towards 1.1060 (38.2% fib).
GBP/USD: Sterling climbed above $1.25 to its highest in a month against the dollar on Tuesday, as signs Britain might be willing to compromise on sticking points in a fresh round of Brexit negotiations with the European Union provided support. Britain is expected to indicate flexibility over fisheries and trade rules if the European Union agrees to lessen its “maximalist” demands regarding regulatory alignment and fishing access, the Times newspaper reported on Tuesday, as a new round of talks kicks off. Britain has until July 1 to ask for an extension to the current transition period, which ends in December. Immediate resistance can be seen at 1.2576 (61.8% fib), an upside break can trigger rise towards 1.2657 (200 DMA).On the downside, immediate support is seen at 1.2531 (5 DMA), a break below could take the pair towards 1.2389 (5 DMA).
USD/CAD: The Canadian dollar strengthened to a near three-month high against its U.S. counterpart on Tuesday as investors bet on global economic recovery and ahead of an interest rate decision by the Bank of Canada on Wednesday. U.S. crude oil futures settled 3.9% higher at $36.81 a barrel on hopes that major crude producers will agree to extend output cuts and as countries and U.S. states begin to reopen after coronavirus lockdowns. The loonie was trading 0.4% higher at 1.3517 to the greenback. The currency touched its strongest intraday level since March 9 at 1.3483.Immediate resistance can be seen at 1.3606 (23.6% fib)any upside break can trigger rise towards 1.3634 (21 DMA).On the downside, immediate support is seen at 1.3457 (200 DMA), a break below could take the pair towards 1.3400 (Psychological level).
USD/JPY: The dollar edged higher against the Japanese yen on Tuesday as risk appetite grew on optimism that the worst of the economic downturn from the spread of the coronavirus is in the past. U.S. stocks gained as cheer over business reopenings overcame concerns about U.S.-China tensions and mass protests across the United States over the death of an African-American man in police custody. The greenback gained 1.06% against the Japanese yen JPY= to 108.72 yen, the highest since April 9.Strong resistance can be seen at 107.90 (38.2% fib), an upside break can trigger rise towards 108.53 (Higher BB).On the downside, immediate support is seen at 107.25 (21 DMA), a break below could take the pair towards 106.91 (61.8% fib).
European shares gained on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.
The UK's benchmark FTSE 100 closed up by 0.87 percent, Germany's Dax ended down by 3.75 percent, and France’s CAC finished the up by 2.02 percent.
U.S. stocks posted modest gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on lifting lockdown restrictions and signs of economic recovery.
Dow Jones closed up by 1.05 percent, S&P 500 ended up 0.82 percent, Nasdaq finished the day up by 0.59 percent.
Longer-term U.S. Treasury yields were higher on Tuesday as investors looked for more bonds to be issued in response to the ongoing economic crisis.
The benchmark 10-year yield was up 1.8 basis point at 0.6803%.
Gold retreated 1% on Tuesday as investors booked profits and Wall Street rallied on optimism over economies emerging from coronavirus-led shutdowns.
Spot gold fell 0.7% to $1,727.23 per ounce by 2:54 p.m. ET, giving up some gains from earlier in the session. U.S. gold futures settled down 0.9% at $1,734.
Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and U.S. states begin to reopen after coronavirus lockdowns.
Brent crude settled at $39.57 a barrel, rising $1.25, or 3.3%. U.S. West Texas Intermediate crude (WTI) settled at $36.81 a barrel, jumping $1.37, or 3.9%.