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
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 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
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 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
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
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
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
Europe Roundup: Euro gains as Fed support fails to lift dollar, European shares gains, Gold rises, Oil jumps towards $28 on Fed steps to support economy-March 24th,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
America’s Roundup: U.S. dollar rises as global slump looms, Wall Street sinks, Gold gains, Oil falls after U.S. crude stockpiles jump and gasoline demand slumps-April 1st,2020
America’s Roundup: Dollar resumes climb investors disregard grim jobs report, Wall Street falls ,Gold inches up, Brent crude surges 10% on hopes of oil output deal-April 4th,2020
Europe Roundup: Euro dips against dollar as surging COVID-19 spells disaster for global growth, European shares falls, Gold eases, Oil prices rise, but doubts remain on Russia-Saudi deal-April 3rd 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
America’s Roundup: Dollar index at near three-year high as yen sinks on stronger risk appetite ,Wall Street rise, Gold gains, Oil up on slowing pace of coronavirus, Venezuela sanctions-February 20th,2020
• US Jan Building Permits 1.551M, 1.450M forecast, 1.420M previous
• US Jan Building Permits (MoM) 9.2%,-0.1% forecast, -3.7% previous
• US Jan Core PPI (MoM) 0.5%,0.1% forecast, 0.1% previous
• US Jan Housing Starts 1.567M, 1.425M forecast, 1.626M previous
• US Jan Housing Starts (MoM) -3.6%,-30.7% forecast, 17.7% previous
• US Jan PPI (MoM) 0.5%,0.1% forecast, 0.2% previous
• Canada Jan Core CPI (YoY) 1.8% , 1.8% forecast, 1.7% previous
• Canada Jan Core CPI (MoM) 0.4%,-0.4% previous
Looking Ahead - Economic Data (GMT)
• 23:50 Japan Foreign Bonds Buying1,633.8B previous
• 23:50 Japan Foreign Investments in Japanese Stocks 282.9B previous
• 00:30 Australia Jan Employment Change 10.0K forecast, 28.9K previous
• 00:30 Australia Jan Full Employment Change -0.3K previous
• 00:30 Australia Jan Unemployment Rate 5.2% forecast, 5.1% previous
• 01:30 China PBoC Loan Prime Rate 4.15% previous
Looking Ahead - Economic Data (GMT)
• 12:30 ECB Publishes Account of Monetary Policy Meeting
EUR/USD: The euro edged higher against greenback on Wednesday as improving risk sentiment in global markets paused the dollar’s rally, providing relief to the single currency, which had earlier fallen to three-year lows after a survey showed weakening confidence in Germany. The euro has fallen 3.6% to the dollar this year, as Europe’s economic data has deteriorated while that of the United States has mostly improved. On Tuesday, Germany’s ZEW research institute said in its monthly survey that investors’ mood had deteriorated far more than expected in February, on worries coronavirus would curtail world trade. The euro was last trading up 0.3% at $1.0796 . Immediate resistance can be seen at 1.0838 (5 DMA), an upside break can trigger rise towards 1.0877 (9 DMA).On the downside, immediate support is seen at 1.0781 (Lower BB), a break below could take the pair towards 1.0700 (Psychological level).
GBP/USD: Sterling declined against dollar on Wednesday, shrugging off data showing an unexpected surge in UK inflation to a six-month high in January as focus returned to Britain’s trade talks with the European Union and government plans to boost spending. The data showed consumer prices rising at an annual rate of 1.8% compared with 1.3% in December, not far off the Bank of England’s 2% target. The pound fell to its lowest level against the dollar since last Tuesday at $1.2933 after initially firming to $1.3023. It was last down 0.1% on the day. Immediate resistance can be seen at 1.3029 (Daily high), an upside break can trigger rise towards 1.3140 (Higher BB).On the downside, immediate support is seen at 1.2860 (Lower BB), a break below could take the pair towards 1.2800 (Psychological level).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Wednesday as hopes that China would stimulate its economy raised investor sentiment and domestic data showed inflation climbed in January. Canada is a major exporter of commodities, including oil, so its economy could benefit from improved prospects for economic growth. A decline in the number of new coronavirus cases in China and mounting expectations for more policy stimulus boosted global equity markets. At (2215 GMT), the Canadian dollar was trading 0.2% higher at 1.329 to the greenback. The currency traded in a range of 1.3216 to 1.3265. . Immediate resistance can be seen at 1.3237 (5 DMA), an upside break can trigger rise towards 1.3260 (11 DMA).On the downside, immediate support is seen at 1.3180 (100 DMA), a break below could take the pair towards 1.3149 (Lower BB).
USD/JPY: The dollar rose against the Japanese yen on Wednesday as a decline in the number of new coronavirus cases in China and expectations for more policy stimulus boosted investors’ appetite for risk. Strong U.S. data that could support the Federal Reserve’s desire to keep interest rates unchanged after lowering borrowing costs three times in 2019, supported the greenback. Against the Japanese yen, which tends to benefit during geopolitical or financial stress as Japan is the worlds biggest creditor nation, the dollar rose 1.35 % to 111.36, its highest since May.Strong resistance can be seen at 111.58 (Daily High), an upside break can trigger rise towards 112.00(Psychological level ).On the downside, immediate support is seen at 111.02 ( 23.6% fib), a break below could take the pair towards 110.85 (38.2 % fib ).
European shares notched a fresh record high on Wednesday, as a decline in the number of new coronavirus cases and hopes of more stimulus from Beijing helped a recovery from fears of a sustained hit to global supply and demand.
UK's benchmark FTSE 100 closed up by 1.02 percent , Germany's Dax ended up by 0.79 percent, France’s CAC finished the day up by 0.90 percent.
The S&P 500 and the Nasdaq hit all-time highs on Wednesday as hopes that China would take more measures to prop up its economy eased worries about the impact of the coronavirus epidemic.
Dow Jones closed up by 0.40 percent, S&P 500 ended up by 0.47 percent, Nasdaq finished the down up by 0.87 percent.
U.S. Treasury yields edged higher on Wednesday as a report that China will take more steps to bolster its virus-hit economy boosted risk taking, and after U.S. economic data beat economists’ expectations.
Benchmark 10-year note yields rose two basis points to 1.57%.
Gold rose on Wednesday, holding above $1,600 per ounce, as worries over the new coronavirus and its impact on global growth boosted safe-haven demand, while palladium continued its record run driven by short supplies of the metal.
Spot gold was up 0.3% to $1,606.44 per ounce by 11:02 a.m. EST (1602 GMT). The session high was $1,610.80, its highest since Jan. 8, when gold hit its highest in nearly seven years.U.S. gold futures rose 0.4% to $1,609.70 an ounce.
Benchmark Brent oil prices rose for a seventh consecutive day after demand worries eased with a slowing of new coronavirus cases in China and supply was curtailed by a U.S. move to cut more Venezuelan crude from the market.
Brent was up 71 cents at $58.46 a barrel at 1510 GMT. The global benchmark has risen nearly 10% since falling last week to its lowest this year. U.S. oil was up 53 cents at $52.58 a barrel.