Europe Roundup: Euro dips lower against dollar as markets balanced hopes for a global economic recovery, European stocks dips,Gold hits 8-year peak.Oil rises on manufacturing data, U.S. inventories-July 1st 2020
Asia Roundup: Aussie gains on upbeat retail sales, dollar consolidates within narrow ranges amid holiday-thinned trading, Asian shares at 4-month peak - Friday, July 3rd, 2020
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
America’s Roundup: U.S. dollar rises as surge in coronavirus cases boosts haven bid,Wall Street falls, Gold slides, Oil settles lower on rise in U.S. coronavirus cases-June 27th,2020
Asia Roundup: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 2020
Europe Roundup: Euro dips as grim data keeps euro under pressure, European shares edge lower, Gold hovers close eight years high, Oil prices drop on prospect of returning Libyan supplies-June 30th,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
Europe Roundup: Euro dips on fears of pandemic wave, European stocks rebound, Gold steadies, Oil slips towards $40 on record U.S. inventories, COVID fears-June 25th,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
America’s Roundup: Dollar edges lower amid uncertain U.S. outlook, Wall Street gains,Gold gains, Oil slips slightly on rising coronavirus cases, returning Libyan supplies-1st July 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: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 2020
Europe Roundup: Sterling gains on infrastructure spending promise, Brexit caps gains, European shares gain Gold holds close to near 8-year peak, Oil rises on improving economic data, supply cut-June 29th,2020
America’s Roundup: Dollar gains as virus concerns dents risk appetite, Wall Street ends higher ,Gold steadies, Oil prices climb as U.S. economic data lends support-June 26th,2020
Europe Roundup: Euro rises on upbeat Euro zone retail sales data, European shares gain, Gold ticks higher, Oil mixed on tighter supply, surge in U.S. virus cases-July 6th,2020
America’s Roundup: Dollar notches small weekly gain after weak U.S. data, Wall Street gains, Gold hits 7-year high, Oil prices jump as demand shows signs of picking up-May 16th,2020
• U.S. retail sales plunge 16.4% in April
• US April Retail Sales (MoM) -16.4%,-12.0% forecast,-8.4% previous
• US April Retail Sales Ex Gas/Autos (MoM) -16.2%, -2.8% previous
• US April Retail Sales (YoY) -21.61%, -5.80% previous
• US April Retail Control (MoM) -15.3%, -4.6% forecast, 2.0% previous
• US April Core Retail Sales (MoM) -17.2%, -8.6% forecast, -4.2% previous
• US May NY Empire State Manufacturing Index -48.50, -63.50 forecast, -78.20 previous
• Canada March Foreign Securities Purchases -9.78B, 20.61B previous
• Canada March Foreign Securities Purchases by Canadians -42.24B, 6.14B previous
• Russia Trade Balance 9.31B, 5.76B forecast, 9.66B previous
• US April Industrial Production (YoY) -15.04%,-5.49% previous
• US April Manufacturing Production (MoM) -13.7%, -13.0% forecast, -6.3% previous
• US April Capacity Utilization Rate 64.0% forecast 64.9%, 72.7% previous
• US April Industrial Production (MoM) -11.2%,-11.5% forecast, -5.4% previous
• US May Michigan Inflation Expectations 3.0%, 2.1% previous
• US May Michigan 5-Year Inflation Expectations 2.60%, 2.50% previous
• US May Michigan Consumer Expectations 67.7, 71.8 forecast, 70.1 previous
• US May Michigan Consumer Sentiment 73.7, 68.0 forecast, 71.8 previous
• US May Michigan Current Conditions 83.0, 75.0 forecast, 74.3 previous
• US March Retail Inventories Ex Auto -1.0% ,-1.3% previous
• US March JOLTs Job Openings 6.191M,6.882M previous
• US March Business Inventories (MoM) -0.2%, -0.2% forecast, -0.4% previous
Looking Ahead Economic Data
•No economic data ahead
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro was little changed against dollar on Friday after German economic output contracted by 2.2% in the first quarter, as market participants were expecting. Germany slid into recession after suffering its steepest quarterly contraction since the 2009 financial crisis as shops and factories were shut down in mid-March, preliminary data showed on Friday. Moreover, the euro zone economy experienced its deepest contraction on record in the first three months of the year against the previous quarter .Immediate resistance can be seen at 1.0827(38.2% fib), an upside break can trigger rise towards 1.0890 (50% fib).On the downside, immediate support is seen at 1.0754 (23.6% fib), a break below could take the pair towards 1.0700 (Psychological level).
GBP/USD: Sterling fell against dollar on Friday, hitting its lowest for more than a month, after Britain and the European Union traded threats over a Brexit free trade deal. British chief negotiator David Frost said on Friday the major obstacle to a deal was the EU’s insistence on including a set of unbalanced proposals on a so-called “level playing field” that would bind Britain to EU rules. The pound fell to $1.2107, its lowest since March 27, last trading 0.89% lower at $1.2113.Immediate resistance can be seen at 1.2238 (5 DMA),an upside break can trigger rise towards 1.2301 (9 DMA).On the downside, immediate support is seen at 1.2118 (Lower BB), a break below could take the pair towards 1.2100 (Psychological level).
USD/CAD: The Canadian dollar added to this week's decline against its U.S. counterpart on Friday as fear that trade tensions between the United States and China could ramp up offset higher oil prices. Canada runs a current account deficit and it is a major producer of commodities, including oil, so the loonie tends to be sensitive to the global flow of trade and capital. At (20:16 GMT), the Canadian dollar was trading 0.43% lower at 1.4108 to the greenback. Immediate resistance can be seen at 1.4117 (May 14th high), an upside break can trigger rise towards 1.4256 (Higher BB).On the downside, immediate support is seen at 1.4047 (9 DMA), a break below could take the pair towards 1.3986 (55 DMA).
USD/JPY: The dollar gained against the Japanese yen Friday as rising U.S.-China trade tensions increased fears that the economy reeling from coronavirus will take longer to recover. Economic fears were heightened by news that the Trump administration ramped up tensions with China by moving to block shipments of semiconductors to Huawei Technologies. China responded, saying it would put U.S. companies on an unreliable entity list. On the data front, U.S. retail sales posted record declines in April for a second straight month as stay-in-place orders to control the spread of the novel coronavirus kept stores shuttered. Strong resistance can be seen at 107.07 (21 DMA), an upside break can trigger rise towards 107.41 (30 DMA).On the downside, immediate support is seen at 106.82 (11 DMA), a break below could take the pair towards 106.00(Psychological level).
European shares rose on Friday, with investors taking comfort in China’s first rise in factory output this year after it eased a coronavirus-induced lockdown, but lingering Sino-U.S. tensions kept stocks on course for weekly declines.
UK's benchmark FTSE 100 closed up by 1.01 percent, Germany's Dax ended down by 1.24 percent, France’s CAC finished the day up by 0.11 percent.
U.S. stock index futures rose on Friday as better-than-expected industrial data from China raised hopes of an eventual economic recovery from coronavirus-related lockdowns.
Dow Jones closed up by 0.25% percent, S&P 500 closed up by 0.39 % percent, Nasdaq settled up by 0.79% percent.
U.S. Treasury yields were slightly higher on Friday as investors looked for signs that public health steps have readied the economy to reopen.
The benchmark 10-year yield was up 2.5 basis points to 0.6444%
U.S. crude prices jumped 7% on Friday to their highest since March, on strengthening fuel demand as countries around the world eased travel restrictions they had imposed to curb the spread of the coronavirus.
West Texas Intermediate (WTI) oil settled up $1.87, or 6.8% at $29.43 a barrel, just off the session peak of $29.92, its highest since mid-March. WTI soared 9% in the previous session.
Brent crude settled up $1.37, or 4.4% a barrel at $32.50. Brent rose nearly 7% on Thursday.
Gold jumped more than 1% on Friday to levels last seen in 2012, as renewed U.S.-China trade tensions added to concerns about a deep economic slump due to the coronavirus pandemic.
Spot gold rose 0.7% to $1,741.65 per ounce by 2:49 p.m. EDT (1847 GMT). During the session it hit its highest since November 2012 at $1,751.25. Bullion has risen over 2% so far this week. U.S. gold futures settled 0.9% higher at $1,756.30.