Asia Roundup: Antipodeans rally, greenback eases as Fed launches limitless quantitative easing, Asian shares rebound - Tuesday, March 24th, 2020
America’s Roundup: Dollar gains for second day, shrugs off record U.S. jobless claims, Wall Street rallies, Gold gains, Oil soars after Trump says Saudis and Russians to cut output-April 3rd ,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
America’s Roundup: Dollar drops as U.S. jobless claims surge, Wall Street rallies for third day, Gold edges higher, Oil prices sink as crippled demand outweighs stimulus hopes-March 27th,2020
America’s Roundup: U.S. dollar rises on quarter-end flows, Wall Street slides, Gold slides, Oil steady on U.S.-Russia energy talks but still near 18-year lows-April 1st,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: Aussie at 1-week peak on more stimulus hopes, greenback rebounds from recent lows as panic selling eases, Asian shares surge - Friday, 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
Asia Roundup: Aussie eases despite PBoC interest rate cut, greenback rebounds across board as U.S. House passes $2.2 trillion bill, Asia shares plunge - Monday, March 30th, 2020
Europe Roundup: Euro dips against dollar as coronavirus fears intensify, European shares retreat, Gold steady, Oil plunges to 2002 lows-March 30th,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
Asia Roundup: Aussie retreats from 1-week peak, dollar declines against yen as investors scurried for liquid cash, Asian shares volatile - Thursday, March 26th, 2020
America’s Roundup: Dollar gains as investors seek shelter amid pandemic crisis, Wall Street gains, Gold rises, Brent hits 18-year low, U.S. crude dips below $20/bbl-March 31st,2020
Market Roundup: Dollar slips on $2 trillion U.S. plan,Wall Street gains,Gold dips, Oil prices slip as fuel demand sinks in most recent week-March 26th,2020
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 hits four-month high after upbeat U.S. jobs data ,Wall Street slips ,Gold gains, , Oil falls 1%-February 8th,2020
• U.S. non-farm payrolls rose by 225,000 jobs last month -data
• US Jan Average Hourly Earnings (YoY) (YoY) 3.1%, 3.0% forecast, 3.0% previous
• US Jan Average Hourly Earnings (MoM) 0.2%,0.3% forecast, 0.1% previous
• US Jan Participation Rate 63.4%,63.1% forecast, 63.2% previous
• US Jan Private Nonfarm Payrolls 206K, 150K forecast, 142K previous
• US Jan Unemployment Rate 3.6%,3.5% forecast, 3.5% previous
• Canada Jan Employment Change 34.5K, 15.0K forecast, -2.8K previous
• Canada Jan Participation Rate 65.4%,65.6% forecast, 65.5% previous
• Canada Jan Ivey PMI 57.3, 53.3 forecast, 51.9 previous
Looking Ahead - Economic Data (GMT)
•No economic data
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro declined against the U.S. dollar on Friday, as dollar was boosted by a strong U.S. non-farm payrolls report that followed a spate of upbeat economic data this week. Data showed U.S. nonfarm payrolls increased by 225,000 jobs last month, with employment at construction sites increasing by the most in a year given milder-than-normal temperatures. The euro was down 0.35 percent at $1.0943. Immediate resistance can be seen at 1.1023 (10 DMA), an upside break can trigger rise towards 1.1003 (5 DMA).On the downside, immediate support is seen at 1.0942 (Daily low), a break below could take the pair towards 1.0900 (Psychological level).
GBP/USD: Sterling declined against dollar on Friday, as stronger dollar and worries about negotiations between Britain and the European Union for a post-Brexit trade deal weighed on sterling. Investors are nervous that Johnson is taking a hard line in the trade talks with the EU, which need to be concluded before the end of the year to avoid a potentially disruptive break in trading relations. The pound was down 0.34 % at $1.2882, close to its lowest level in weeks. Immediate resistance can be seen at 1.2968 (5 DMA), an upside break can trigger rise towards 1.3058 (30 DMA).On the downside, immediate support is seen at 1.2876 (Lower BB), a break below could take the pair towards 1.2800 (Psychological level).
USD/CAD: The Canadian dollar fell to a two-and-a-half month low against the greenback on Friday as the coronavirus outbreak weighed on investor sentiment, offsetting reduced bets for a Bank of Canada interest rate cut after domestic data showed a solid jobs gain. At (2055 GMT), the Canadian dollar was trading 0.3% lower at 1.3301 to the greenback. For the week, the loonie was down 0.5% as investors worried that the slump in crude oil prices amid the coronavirus outbreak in China would weigh on Canada's commodity-linked economy. Immediate resistance can be seen at 1.3246 (Higher BB), an upside break can trigger rise towards 1.3400 (Psychological level).On the downside, immediate support is seen at 1.3285 (5 DMA), a break below could take the pair towards 1.3233 (11 DMA).
USD/JPY: The dollar edged lower against the Japanese yen on Friday, as growing concerns about the impact of the coronavirus on global growth overshadowed a strong U.S. jobs report. The better-than-expected U.S. labor report failed to move the market as typically occurs. Caution about the virus, which has inflicted 31,211 people and left 637 dead, dictated investor sentiment. The Japanese yen strengthened 0.23% versus the greenback at 109.75 per dollar. Strong resistance can be seen at 110.03 (Daily high), an upside break can trigger rise towards 110.48 (Higher BB).On the downside, immediate support is seen at 109.58 (5 DMA), a break below could take the pair towards 109.21 (11 DMA).
European shares retreated from record highs on Friday, as underwhelming earnings reports and concerns about the economic damage from the coronavirus outbreak halted a stellar run in stocks this week.
UK's benchmark FTSE 100 closed down by 0.51 percent, Germany's Dax ended down by 0.45 percent, France’s CAC finished the day down by 0.14 percent.
Wall Street pulled back from record levels on Friday, as investors assessed the U.S. employment report that showed jobs growth accelerated in January but included a downward revision to some previous numbers.
Dow Jones closed up by 0.94 percent, S&P 500 ended up by 0.54 percent, Nasdaq finished the down by 0.54 percent.
U.S. Treasury yields declined on Friday as concerns about global growth and a growing coronavirus epidemic outweighed a strong U.S. jobs report.
The benchmark 10-year yield was down 5.9 basis points at 1.5852% in afternoon trading.
Gold prices rose on Friday as fears of an economic slowdown from the coronavirus outbreak and lower interest rates globally offset strong U.S. economic data.
Spot gold rose 0.3% to $1,570.52 per ounce by 1842 GMT, but was down about 1.2% this week. It was on track for the biggest weekly loss since early November.U.S. gold futures settled 0.2% up at $1,573.40.
Oil prices fell 1% on Friday as Russia said it needed more time before committing to output cuts sought by other large producers while the coronavirus outbreak fanned worries about global crude demand.
Brent crude futures lost 46 cents, or 0.8%, to settle at $54.47 a barrel. Brent sank 6.3% for the week.
U.S. West Texas Intermediate (WTI) crude futures CLc1 fell 63 cents, or 1.2%, to settle at $50.32 a barrel. The contract lost 2.4% for the week.