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
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 2020
Europe Roundup: Euro firms as ECB policymakers calm worries,European shares flat, Gold slips, Oil falls on U.S. market slide, surprise inventories rise-Sep 11th,2020
Europe Roundup: Euro dips as COVID-19 cases rise in Eurozone, European stocks slip, Gold edges up, Oil steady as market eyes coronavirus hit to demand-September 27th,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
Europe Roundup: Euro dips as Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,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: 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 falls against the yen,Wall Street ends lower,Gold rises, Oil flat as Libya developments counter OPEC+ boost-September 19th,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
Asia Roundup; Antipodeans rebound from multi-week lows, dollar gains against yen on renewed stimulus hopes, Asian shares surge - Friday, September 25th, 2020
Asia Roundup: Dollar eases on growing concerns over U.S. stimulus, euro rallies on ECB Lagarde's comments, investors eye U.S. CPI data - Friday, September 11th, 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
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 dips as eurozone Sept business growth halts ,European stocks gain,Gold hits six-week trough, Oil edges up to $42, eyeing Libya and U.S. inventories-September 23rd,2020
Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,2020
America’s Roundup: Dollar retreats on stimulus talks, Wall Street ends higher, Gold gains, Oil edges up to highest since March on hopes for U.S. stimulus-August 5th,2020
• US Redbook (YoY) -7.1%,-8.7% previous
• US Redbook (MoM) 1.1%, 1.1% previous
• US Jul All Truck Sales 11.02M , 10.09M previous
• US Jul All Car Sales 3.50M, 2.97M previous
• Canada Jul RBC Manufacturing PMI 52.9, 47.8 previous
• US Jul ISM NY Business Conditions 53.5%,39.5% previous
• US Jul ISM-New York Index 807.8, 806.0 previous
• US Jun Durables Excluding Defense (MoM) 9.5%, 9.2% previous
• US Jun Factory Orders (MoM) 6.2%,5.0%forecast ,8.0% previous
• New Zealand GlobalDairyTrade Price Index-5.1%,-0.7% previous
Looking Ahead Economic Data
• 22:30 Australia Jul IG Construction Index 35.5 previous
• 22:45 New Zealand Unemployment Rate (Q2) 5.8%forecast, 4.2%previous
• 22:45 New Zealand Participation Rate (Q2) 69.80%forecast,70.40% previous
• 22:45 New Zealand Employment Change (QoQ) (Q2) -2.0% forecast, 0.7% previous
• 22:50 Australia Services PMI 58.5 forecast, 53.1 previous
• 00:30 Japan Jul Services PMI 45.2 forecast, 45.0 previous
• 01:45 Chinese Jul Composite PMI 54.254.2
• 01:45 Chinese Jul Caixin Services PMI
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro edged higher against dollar on Tuesday as investors awaited U.S. stimulus breakthrough. Euro held its ground against dollar despite strong U.S. manufacturing data . Focus remains on deadlocked stimulus negotiations in the U.S. which will continue on Tuesday. Focus was also on the European Central Bank’s breakdown of its bond purchases, released late on Monday, which showed Italy continued to benefit from oversized ECB purchases of its debt in June and July under both the emergency and conventional bond buying programmes. Immediate resistance can be seen at 1.1799 (38.2% fib), an upside break can trigger rise towards 1.1829 (23.6%fib).On the downside, immediate support is seen at 1.1711(50%fib), a break below could take the pair towards 1.614 (61.8%fib).
GBP/USD: Sterling edged lower on Tuesday erasing earlier gains as fears of a second wave of virus infections and a Bank of England policy meeting later this week capped the pound’s advance.The move lower reversed a trend earlier in the session where the pound had been advancing towards a five-month high hit last week versus the dollar. Sterling fell 0.27% to $1.3043 against the dollar and rose 0.13% against the euro to 90.10pence. Immediate resistance can be seen at 1.3113 (Daily high), an upside break can trigger rise towards 1.3182 (23.6% fib).On the downside, immediate support is seen at 1.2976 (38.2%fib), a break below could take the pair towards 1.2777(50%fib).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Tuesday as investors weighed rising coronavirus cases and increased tensions between the United States and China. Canada runs a current account deficit and is a major producer of commodities, including oil, so the loonie tends to be sensitive to the global flow of trade and capital.U.S. crude prices were down 1.6% at $40.35 a barrel amid concerns that a fresh wave of COVID-19 infections will see a global demand recovery stalling due to tighter lockdowns, just as major producers ramp up output .Immediate resistance can be seen at 1.3379 (5 DMA), an upside break can trigger rise towards 1.3461 (21 DMA).On the downside, immediate support is seen at 1.3304 (23.6%fib), a break below could take the pair towards 1.3127(30th Jan low).
USD/JPY: The dollar edged lower against the Japanese yen on Tuesday as political wrangling over a U.S. relief plan and a gloomy economic outlook weighed greenback. After its worst month in a decade in July, the greenback started August on a firm note as some investors trimmed their short positions. Despite a slowdown in new U.S. virus cases and encouraging factory data, investors are reserving judgement on whether a U.S. economy with 30 million people out of work can really lead the world’s recovery. Strong resistance can be seen at 106.41 (50% fib), an upside break can trigger rise towards 107.13(50 DMA).On the downside, immediate support is seen at 105.49 (5 DMA), a break below could take the pair towards 105.13 (38.2% fib).
A surge in BP shares after it laid out plans to cut its oil and gas output and boost investments in renewable energy offset disappointing earnings reports including from spirits maker Diageo, although European stocks closed largely flat.
The UK's benchmark FTSE 100 closed up by 0.05 percent, Germany's Dax ended down by 0.36 percent, and France’s CAC finished the up by 0.28 percent.
Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but limited by declines in AIG and Microsoft while investors awaited more U.S. government stimulus to fight economic fallout from the COVID-19 pandemic.
Dow Jones closed up by 0.62 percent, S&P 500 ended up 0.36 percent, Nasdaq finished the day up by 0.35 percent.
The five-year Treasury yield hit a record low on Tuesday and the benchmark 10-year Treasury yield fell to a five-month bottom, indicating safe-haven demand from bond investors wary of a slow U.S. economic recovery.
The 10-year yield hit a low of 0.505%, the second-lowest yield ever recorded at that maturity. The lowest was hit on March 9 as the coronavirus pandemic was gathering steam in the United States, prior to the Fed’s intervention in financial markets.
Gold surged past the $2,000 mark on Tuesday after Democrats and the White House appeared closer to agreement on new stimulus to help the coronavirus-hit economy while stocks on Wall Street traded mixed as investors awaited more aid from Washington.
Spot gold prices rose 1.42% to $2,004.81 an ounce, after bids earlier hit highs of $2,009.134 an ounce.
Brent oil futures on Tuesday closed at their highest since early March on hopes the United States is making progress on a new economic stimulus package, as well as curbing the coronavirus spread.
Brent rose 28 cents, or 0.6%, to settle at $44.43 a barrel, its highest close since March 6. U.S. West Texas Intermediate (WTI) crude rose 69 cents, or 1.7%, to $41.70, its highest finish since July 21.