Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
Asia Roundup: Aussie at 1-week peak on Trump's assurance over U.S.-China trade pact, dollar gains as traders speculate pandemic recovery, Asian shares rebound - Tuesday, June 23rd, 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
Europe roundup: Sterling gains as dollar sags, investors eye month-end for trade deal, European stocks surge,Gold steadies off 8-year high, Oil prices gain on fall in U.S. crude stockpiles-July 2nd 2020
America’s Roundup: Dollar records small weekly gain on safe-haven demand, Wall Street climbs, Gold rises, Oil boosted by OPEC+ cuts even as virus weighs on market-June 20th,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: Sterling gains on weaker dollar, Brexit hopes, European shares dips,Gold hits 1-month peak, Oil steady as a rise in virus cases counters tighter supplies-June 22nd 2020
America’s Roundup: Dollar gains on coronavirus, tariff concerns, Wall Street ends lower, Gold retreats from an over 7-1/2 year high, Oil dives over 5% as U.S. crude stocks hit record, COVID cases mount-June 25th 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
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
America’s Roundup: Dollar turns higher as focus turns to surging coronavirus cases, Wall Street jumps, Gold gains, Oil up more than 2% on U.S. jobs data but virus fears cap gains-July 3rd 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
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 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: Aussie rebounds on RBA Lowe's comments, greenback steadies near recent peaks amid fears of virus second wave, Asian shares consolidate - Monday, June 22nd, 2020
America’s Roundup: Dollar little changed after Trump speech reveals little on trade, Gold prices dip, Oil prices dip-November 13th,2019
• Fed's Powell to speak on Wednesday
• Gold on track for fourth straight daily decline
• CPI, retail sales data due this week
• US Redbook (MoM) 0.1%,0.3% previous
• US Redbook (YoY) 5.0%, 5.5% previous
Looking Ahead - Economic Data (GMT)
• 21:45 New Zealand Oct FPI (Mom) 0.0% previous
• 23:30 Australia Nov Westpac Consumer Sentiment -5.5% previous
• 23:50 Japan Oct PPI (YoY) -0.3% forecast , -1.1% previous
• 23:50 Japan Oct PPI (MoM) 1.2% forecast, -0.3% previous
• 00:30 Australia Wage Price Index (YoY) (Q3) 2.3% forecast, 2.3% previous
• 00:30 Australia Wage Price Index (QoQ) (Q3) 0.5%,0.6% previous
• 01:00 New Zealand RBNZ Interest Rate Decision 0.75%,1.00% previous
Looking Ahead - Events, Other Releases (GMT)
• 01:00 New Zealand RBNZ Monetary Policy Statement
• 01:00 New Zealand RBNZ Rate Statement
• 02:00 New Zealand RBNZ Press Conference
EUR/USD: The euro was little changed against the U.S. dollar on Tuesday, after U.S. President Donald Trump in a speech offered no new details on the state of the administration's trade war with China. Speaking at The Economic Club of New York, Trump instead took aim once again at the Federal Reserve, bemoaning the fact that the United States has higher interest rates than other developed economies. The speech was highly anticipated by the foreign exchange market, which has moved with trade headlines. The paucity of details on trade in itself was seen by some as a pessimistic signal.At (GMT 19:00), the euro was down 0.17 percent at $1.1010.The dollar index, which measures the greenback against six major currencies, was 0.11 percent higher at 98.32. Immediate resistance can be seen at 1.1037 (5 DMA), an upside break can trigger rise towards 1.1087 (11 DMA).On the downside, immediate support is seen at 1.1000 (Psychological level), a break below could take the pair towards 1.0964 (Sep 23rd low).
GBP/USD: The British pound strengthened against the dollar on Tuesday, as the prospect of a hung parliament in UK elections eased slightly . In a significant boost for Prime Minister Boris Johnson ahead of the Dec. 12 election, Brexit Party leader Nigel Farage said his party was standing down candidates in seats won by the Conservatives in 2017 and would instead focus on challenging anti-Brexit politicians. The pound rallied to as high as $1.2896 on the news, which the market had interpreted as reducing the probability of a hung- or Labour led- government. The currency later eased to $1.2851.Immediate resistance can be seen at 1.2877 (20 DMA), an upside break can trigger rise towards 1.2979 (Nov 1st high).On the downside, immediate support is seen at 1.2764 (300 DMA), a break below could take the pair towards 1.2700 (200 DMA).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Tuesday, recovering from an earlier one-month low, as oil prices rose and investors awaited a speech by U.S. President Donald Trump for clues on the outlook for trade conflicts. U.S. crude oil futures were up 0.8% at $57.33 a barrel, buoyed by trade hopes and lower inventories at a U.S. oil hub. At (1902 GMT), the Canadian dollar was trading 0.1% higher at 1.3223 to the greenback .Immediate resistance can be seen at 1.3259 (Daily High), an upside break can trigger rise towards 1.3300 (Psychological level).On the downside, immediate support is seen at 1.3205 (50 DMA), a break below could take the pair towards 1.3170 (11 DMA).
USD/JPY: The U.S. dollar declined against the yen on Tuesday, as violent protests in Hong Kong over the weekend kept investors anxious, increasing demand for safe haven assets. Hong Kong police fired tear gas in the heart of the Central financial district on Tuesday and at two university campuses after territory-wide transport disruptions wreaked commuter havoc in the Chinese-ruled city.At (GMT 20:18),the dollar was 0.05 percent lower versus the Japanese yen at 108.99. Strong resistance can be seen at 109.49 (Nov 8th high), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 108.74 (21 DMA), a break below could take the pair towards 108.10 (50 DMA).
European shares climbed back to a four-year high on Tuesday as positive German investor sentiment data and a slew of upbeat earnings lifted the mood, but Spanish stocks lagged after socialist and far-left parties joined forces to form a coalition.
The UK's benchmark FTSE 100 closed up by 0.50 percent, Germany's Dax ended up by 0.65 percent, and France’s CAC finished the down by 0.44 percent.
The S&P 500 and Nasdaq indexes rose to record highs on Tuesday as trade-sensitive technology stocks gained ahead of a much-awaited speech by President Donald Trump, which was likely to provide some clarity on the U.S.-China tariff talks.
At (GMT 20:21),Dow Jones was up by 0.08 percent, S&P 500 was up 0.04 percent, Nasdaq was up by 0.10 percent.
U.S. Treasury yields held just below three-month highs on Tuesday as investors waited on a speech by U.S. President Donald Trump for new indications on how close the United States and China are to agreeing to the first phase of a trade deal.
Benchmark 10-year notes were last up 1/32 in price to yield 1.931%. The yields rose to 1.973% on Thursday on optimism a trade deal would be reached, which was the highest since August 1.
Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed to provide any information on the trade deal with China in his speech.
Spot gold slipped 0.1% to $1,453.70 per ounce as of 1:47 p.m. EST (1847 GMT), having touched its lowest since Aug. 5 earlier.U.S. gold futures settled down 0.2% at $1,453.70 per ounce.
Oil prices ended Tuesday little changed after paring gains of about 1% following a speech from U.S. President Donald Trump that offered few new details about Washington’s trade talks with Beijing.
Brent crude futures ended the session down 12 cents at $62.06 a barrel after trading between $62.85 and $61.82. West Texas Intermediate (WTI) crude futures settled down 6 cents at $56.80 a barrel.