America’s Roundup: Dollar eases from three-year highs, Wall Street falls, Gold rises, Oil falls for fourth week; U.S. crude posts steepest weekly loss since 1991-March 21st,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
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: 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
Asia Roundup: Dollar holds gains as investors eye U.S. unemployment data, Asian shares plunge as coronavirus roils global economy - Thursday, April 2nd, 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: 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: Aussie hits 2-week peak as Chinese manufacturing activity expands, gold eases as dollar strengthens, shares surge, investors eye EZ prelim CPI - Tuesday, March 31st, 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
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
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: 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 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: 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
Asia Roundup: Antipodeans rally, greenback eases as Fed launches limitless quantitative easing, Asian shares rebound - Tuesday, March 24th, 2020
America’s Roundup: Dollar edges higher as investors wait on fiscal stimulus,Wall Street surges, Gold gains, Oil little changed as falling demand offsets hopes of U.S. aid package-March 25th,2020
America’s Roundup: Dollar index hits highest since May 2017, Wall Street drops, Gold climbs to 7-year high, Oil prices rise as U.S. crude stocks build less than expected-February 21st,2020
• US Continuing Jobless Claims 1,726K, 1,720K forecast, 1,701K previous
• US Initial Jobless Claims 210K, 210K forecast, 206K previous
• US Jobless Claims 4-Week Avg 209.00K, 212.25K previous
• US Feb Philadelphia Fed Manufacturing Index 36.7, 12.0 forecast, 17.0 previous
• US Feb Philly Fed Business Conditions 45.4, 38.4 previous
• US Feb Philly Fed CAPEX Index 29.80, 32.90 previous
• US Feb Philly Fed Employment 9.8, 19.3 previous
• Canada ADP Nonfarm Employment Change 25.9K, 71.8K forecast, 46.2K previous
• Canada Jan New Housing Price Index (MoM) 0.0%,0.2% forecast, 0.2% previous
• Russsia Dec GDP Monthly (YoY) 1.6%,2.1% previous
• US Jan Leading Index (MoM) 0.8%, 0.4% forecast, -0.3% previous
Looking Ahead - Economic Data (GMT)
• 22:00 Australia Manufacturing PMI 48.9 forecast, 49.6 previous
• 22:00 Australia Services PMI 52.4, 50.6 previous
• 23:30 Japan Jan National Core CPI (YoY) 0.8%,0.7% previous
• 23:30 Japan Jan National CPI (YoY) 0.7%,0.8% previous
• 22:00 Japan Services PMI 51.0 previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro dipped against dollar on Thursday, upbeat dollar across the board the and threat of recessions in the euro zone weighed on euro. Traders await Purchasing managers indexes and euro zone inflation to be released on Friday for further indication of the Eurozone economy. The euro slipped 0.1% lower to $1.079. Its 3.7% plunge since the start of the year is its worst start to a year since 2015. Immediate resistance can be seen at 1.0799 (5 DMA), an upside break can trigger rise towards 1.0848 (9 DMA).On the downside, immediate support is seen at 1.0766 (Lower BB), a break below could take the pair towards 1.0700 (Psychological level).
GBP/USD: Sterling plunged to a three-month low against the dollar on Thursday as the U.S. currency’s broad-based strength swept away recent pound gains which were driven by the appointment of a new, potentially high-spending British finance minister. The pound paid little attention to data showing a rebound in UK retail sales, ticking higher briefly before resuming its slide. By 2250, it was down 0.5% to $1.2881, having earlier plumbed a low of $1.2850. Immediate resistance can be seen at 1.2931 (5 DMA), an upside break can trigger rise towards 1.2990 (21 DMA).On the downside, immediate support is seen at 1.2850 (Fauly low), a break below could take the pair towards 1.2800 (Psychological level).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Thursday as evidence of the coronavirus spreading outside of China bolstered demand for the greenback, with the loonie retreating from a near three-week high it hit earlier in the day .The price of oil, one of Canada's major exports, rose after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of coronavirus outside China. At (2126 GMT), the Canadian dollar was trading 0.3% lower at 1.3257 to the greenback. Immediate resistance can be seen at 1.3268 (9 DMA), an upside break can trigger rise towards 1.3300 (Psychological level).On the downside, immediate support is seen at 1.3244 (21 DMA), a break below could take the pair towards 1.3193 (30 DMA).
USD/JPY: The dollar rose against the Japanese yen on Thursday, as investors fretted about dire economic news out of the country. A run of dismal economic news out of Japan has stirred talk the country is already in recession. The dollar rose 0.62% to 112.04 yen, its highest since April. The yen, which benefits during geopolitical or financial stress as Japan is the worlds biggest creditor nation, has slipped about 2% over the last two sessions, its biggest two-day drop since September 2017.Strong resistance can be seen at 112.21 (Daily high), an upside break can trigger rise towards 112.39 (23.6% Fib ).On the downside, immediate support is seen at 111.46 (50% Fib), a break below could take the pair towards 111.08 (61.8% Fib).
European shares eased from record highs on Thursday, as a raft of disappointing earnings added to concerns about the global impact of the coronavirus outbreak after research suggested the illness is more contagious than previously thought.
UK's benchmark FTSE 100 closed down by 0.27 percent , Germany's Dax ended down by 0.91 percent, France’s CAC finished the day up by 0.80 percent.
U.S. stocks fell on Thursday, led by declines in technology heavyweights, after reports of new coronavirus cases in China and other countries intensified fears over the virus’s spread and impact on the global economy.
Dow Jones closed down by 0.44 percent, S&P 500 ended down by 0.38 percent, Nasdaq finished the down up by 0.67 percent.
Demand for safe-haven Treasury debt was robust on Thursday morning in spite of strong U.S. economic data, with the 30-year bond yield dipping below the psychologically significant 2% level to the lowest since September 2019.
The 30-year yield was last down 5.8 basis points to 1.958%, while the 10-year note yield was last down 6.2 basis points to 1.508%.
Gold prices rose to their highest level in seven-years on Thursday as investors sought safe haven assets after a rise in the number of new coronavirus cases in South Korea added to worries over the global economic impact of the outbreak.
Spot gold was up 0.4% at $1,617.52 per ounce by 1227 GMT, its highest since Feb. 2013.U.S. gold futures rose 0.6% to $1,620.50.
Oil prices were up slightly on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China.
Brent crude futures settled up 19 cents, or 0.32%, at $59.31 a barrel.