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 falls as rising COVID-19 cases unnerve investors, European stocks slips, Gold drops to near two-week low, Oil prices slip on potential Libyan output return, demand concerns-September 21st,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: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 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: Kiwi at over 1-year peak as FinMin Robertson rules out RBNZ’s rate change, greenback plunges on downbeat data, Asian shares edge higher - Friday, September 18, 2020
America’s Roundup: U.S. dollar skids to two-week low vs yen as Fed looms,Wall Street climbs, Gold slips, Oil rises over 2% as U.S. Gulf Coast braces for hurricane -September 16th,2020
America’s Roundup: Dollar gains ground on economic concerns, Wall Street gains on stimulus hopes, Gold turns positive from 2-mth low, Oil falls on fuel demand growth concerns as coronavirus lingers-September 25th,2020
America’s Roundup: Dollar gains after Fed upgrades economic outlook, Wall Street ends mixed, Gold gains,Oil up more than 4% as U.S. stockpiles fall, hurricane hits output-September 17th,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 edges higher on ECB day, all eyes on inflation comments, European shares inch higher, Gold hits one-week high, Brent oil benchmark dips but stays over $40 a barrel-September 10th,2020
Europe Roundup: Euro falls on concerns about fresh lockdowns in Europe,European stocks bounce,Gold falls, Oil rises on expectation demand can survive new lockdowns-September 22nd 2020
America’s Roundup: Dollar holds strong gains against eruro,Wall Street closes lower, Gold touches six-week low, Oil edges higher after U.S. crude, fuel stockpiles draw down-September 24th,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: Kiwi slumps to 4-week trough as RBNZ hints at further easing, Aussie plunges as Westpac expects monetary easing by RBA, Asian shares volatile - Wednesday, September 23rd, 2020
America’s Roundup: Dollar hits two-year lows as Fed affirms dovish stance, Wall Street closes higher, Gold gains, Oil edges up after sharp U.S. crude inventory drop-July 30th,2020
• Fed leaves rates unchanged, promised more support
• Fed's Powell says continued fiscal and monetary support needed
• Fed says committed to low rates, using "full range of tools
• US Wholesale Inventories (MoM) -2.0%, -1.2% previous
• US June Goods Trade Balance -70.64B, -75.26B previous
• US June Retail Inventories Ex Auto -0.8%, -1.6% previous
• Seevol Cushing Storage Report 0.426M, 0.769M previous
• US June Pending Home Sales (MoM) 16.6%, 15.0% forecast,44.3% previous
• US June Pending Home Sales Index 116.1, 99.6 previous
• US Gasoline Inventories 0.654M, -0.733M forecast, -1.802M previous
• US Crude Oil Inventories-10.612M, 0.357M forecast, 4.892M previous
• US Fed Interest Rate Decision 0.25%,0.25% forecast, 25 previous
Looking Ahead - Economic Data (GMT)
• 22:45 New Zealand June Building Consents (MoM) 35.6% previous
• 23:50 Japan Foreign Investments in Japanese Stocks 67.2B previous
• 23:50 Japan Foreign Bonds Buying 1,065.7B previous
• 23:50 Japan June Retail Sales (YoY)
• 01:00 New Zealand Jul NBNZ Own Activity -25.9% previous
• 01:00 New Zealand Jul ANZ Business Confidence -34.4 previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro strengthened against dollar on Wednesday as dollar continued its downward march after the Fed’s statement. The Fed held policy largely steady at its two-day policy meeting this week. The Fed’s policy statement on Wednesday directly tied the economic recovery to resolution of a health crisis whose direction remains much in doubt. All FOMC members voted to leave the target range for short-term interest rates at between 0% and 0.25%.Immediate resistance can be seen at 1.1828 (23.6% fib), an upside break can trigger rise towards 1.1900 (Psychological level).On the downside, immediate support is seen at 1.1740 (5 DMA), a break below could take the pair towards 1.1701(38.2% fib).
GBP/USD: Sterling strengthened against dollar on Wednesday as the dollar weakened over concerns about the impact of the coronavirus pandemic. Dollar also weakened as Federal Reserve kept its monetary policy steady. The Fed repeated a pledge to use its “full range of tools” to support the U.S. economy and keep interest rates near zero for as long as it takes to recover from the fallout from the coronavirus outbreak. The pound rose to above $1.3000, close to its pre-coronavirus levels. Immediate resistance can be seen at 1.3030 (23.6% fib), an upside break can trigger rise towards 1.3125 (10 March high).On the downside, immediate support is seen at 1.2926 (5 DMA), a break below could take the pair towards 1.2822 (9 DMA).
USD/CAD: The Canadian dollar rose against its U.S. counterpart on Wednesday as the Federal Reserve’s dovish stance weighed broadly on the greenback. Higher prices for oil, one of Canada’s major exports, added to support for the loonie. U.S. crude oil futures settled up 0.6 per cent at $41.27 a barrel after a steep drop in U.S. crude inventories, but another record day for coronavirus cases worldwide kept gains in check. The Canadian dollar was trading 0.2 per cent higher at 1.3344 to the U.S. dollar . Immediate resistance can be seen at 1.3362 (5 DMA), an upside break can trigger rise towards 1.3404 (9DMA).On the downside, immediate support is seen at 1.3316 (Daily low), a break below could take the pair towards 1.3300 (Psychological level).
USD/JPY: The dollar declined against the Japanese yen on Wednesday after the Federal Reserve repeated a pledge to use its “full range of tools” to support the U.S. economy and keep interest rates near zero for as long as it takes to recover from the fallout from the coronavirus outbreak. At the end of its two-day policy meeting the Fed said it maintained its interest rate target range until it is confident the economy has weathered the virus and is on track to achieve its maximum employment and price stability goals. Strong resistance can be seen at 105.17 (23.6% fib), an upside break can trigger rise towards 105.65 (5 DMA).On the downside, immediate support is seen at 104.81 (Daily low), a break below could take the pair towards 104.00 (Psychological level).
Europe’s main stocks benchmark closed nearly flat on Wednesday, but a flurry of earnings reports drove big swings in individual stocks.
UK's benchmark FTSE 100 closed up by 0.04 percent, Germany's Dax ended down by 0.10 percent, France’s CAC finished the day up by 0.61 percent.
U.S. stocks closed higher on Wednesday, adding to gains after the Federal Reserve repeated a pledge to use its “full range of tools” to support the economy but cautioned that the outlook “will depend significantly on the course of the virus.”.
Dow Jones closed up by 0.61% percent, S&P 500 closed up by 1.24% percent, Nasdaq settled up by 1.35% percent.
Longer-term U.S. Treasury yields moved slightly higher on Wednesday after the Federal Reserve renewed its pledge to keep interest rates near zero to help the economy recover from the COVID-19 pandemic.
The benchmark 10-year yield was almost unchanged at 0.579%, while the yield on the 30-year note was up 1.9 basis points at 1.2424%.
Oil prices rose on Wednesday after a steep drop in U.S. crude inventories, but another record day for coronavirus cases worldwide kept gains in check.
Brent crude futures settled at $43.75 a barrel, up 53 cents, or 1.2%. U.S. West Texas Intermediate crude futures settled at $41.27 a barrel, gaining 23 cents, or 0.6%.
Gold prices gained in volatile trade on Wednesday, nearing the last session's record peak at one point, after the U.S. Federal Reserve vowed to keep interest rates near zero as the rapid rise in coronavirus cases dampens hopes for an economic recovery.
Spot gold was up 0.5% at $1,969.16 per ounce by 4:20 p.m. EDT (2020 GMT), while U.S. gold futures settled 0.5% higher at $1,953.4.