America’s Roundup: Dollar climbs from four-week low as U.S. stocks decline, Wall Street dips, Gold slips after nine-year high, Oil slips on fears rising COVID-19 cases to clip demand-July 10th,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
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
Americas Roundup: U.S. dollar slides to two-week low,Wall Street inches up, Gold smashes through $1,800 level,Oil falls as rise in virus cases, U.S. inventories stall recovery-July 9th,2020
America’s Roundup: Dollar recovers some overnight losses , Wall Street gains,Gold steadies near multi-year peak, Oil rises on improving economic data but virus case jump caps gains-June 30th,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: Aussie near 3-week peak ahead of RBA policy meeting, dollar steadies against yen as investors eye U.S. services sector data, Asian shares at 4-month high - Monday, July 6th, 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
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
Asia Roundup: Aussie eases as virus cases mount, gold steadies near more than 8-year high, Asian shares nudge lower - Wednesday, July 8th, 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: Aussie retreats from near 4-week peak on fresh lockdowns, dollar rebounds against yen on upbeat service sector data, Asian shares plunge - Tuesday, July 7th, 2020
Europe Roundup: Euro dips against dollar as coronavirus anxiety deepens, European stocks gain, Gold set for fifth weekly gain, Oil dips, heading for weekly loss as virus cases rise-July 10th,2020
Europe Roundup: Sterling nears three-week highs against dollar,European stocks ease from one-month highs, Gold retreats from multi-year peak, Oil down as U.S. virus spike stokes demand worries-July 7th,2020
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 extends gains on risk-on trades, yen rallies as COVID-19 cases grow, Asian shares surge - Thursday, July 9th, 2020
America’s Roundup: Dollar rises versus yen, as risk appetite improves, Wall Street gains, Gold eases, Oil prices gains on U.S.-China trade deal hopes-November 5th,2019
• US Oct All Car Sales 4.35M, 4.60M previous
• US Oct All Truck Sales 12.19M, 12.54M previous
• US Oct ISM NY Business Conditions 47.7%, 42.8% previous
• US Oct ISM-New York Index 874.3, 875.4 previous
• US Oct CB Employment Trends Index 110.10, 110.90 previous
• US Sep Durables Excluding Defense (MoM) -1.3%,-1.2% previous
• US Sep Factory Orders (MoM) -0.6%,-0.5% forecast, -0.1% previous
• US Sep Factory orders ex transportation (MoM) -0.1%,-0.2% previous
Looking Ahead - Economic Data (GMT)
• 21:45 Australia Oct AIG Services Index 51.5 previous
• 23:50 Japan Monetary Base (YoY) 3.0% previous
• 00:00 New Zealand ANZ Commodity Price Index 0.0% previous
• 01:45 China Oct Caixin Services PMI 52.8, 51.3 previous
• 03:30 Australia Nov RBA Interest Rate Decision 0.75%,0.75% previous
Looking Ahead - Events, Other Releases (GMT)
• 04:30 Australia RBA Rate Statements
EUR/USD: The euro declined against the U.S. dollar on Monday, as investors awaited Christine Lagarde’s first speech as European Central Bank president, but hopes that the United States may choose not to impose tariffs on auto imports kept it near its highest level in weeks.Lagarde gives her first speech as ECB chief, and markets are assuming she will stick with the easy policy script of her predecessor, Mario Draghi. The euro was down 0.23 percent at $1.1138.The dollar index, which measures the greenback against six major currencies, was 0.36 percent higher at 97.47. Immediate resistance can be seen at 1.1176 (Daily High), an upside break can trigger rise towards 1.1194 (200 DMA).On the downside, immediate support is seen at 1.1122 (100 DMA), a break below could take the pair towards 1.1086 (21 DMA).
GBP/USD: The pound slipped against the dollar Monday, as investors’ attention turned on political developments as election campaigning gets under way. With just over five weeks until the UK heads to the polls on Dec. 12, the Conservative party is leading in the polls and the risk of a “no-deal” Brexit is considered to have been reduced. The British currency slid to as low as $1.2886, down 0.35 percent on the day. Immediate resistance can be seen at 1.2980 (31st Oct high), an upside break can trigger rise towards 1.2380 (10 DMA).On the downside, immediate support is seen at 1.2882 (9 DMA), a break below could take the pair towards 1.2741 (21 DMA).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Monday, keeping to a narrow trading range ahead of influential domestic data this week as stock markets were buoyed by prospects of a trade deal between the United States and China. U.S. crude oil futures were up 1.5% to $57.02 a barrel, boosted by flagging OPEC discussions of a deeper output cut next month as well as growing expectations of a U.S.-China trade deal. At (1845 GMT), the Canadian dollar was last trading 0.3% lower at 1.3148 to the greenback .Immediate resistance can be seen at 1.3163 (21 DMA), an upside break can trigger rise towards 1.3215 (50 DMA).On the downside, immediate support is seen at 1.3104(9 DMA), a break below could take the pair towards 1.2988 (Lower BB).
USD/JPY: The dollar strengthened against the Japanese yen on Monday, as signs of a US-China trade deal increased demand for dollar. Washington and Beijing on Friday said they made progress in talks aimed at defusing a nearly 16-month-long trade war that has harmed the global economy, and U.S. officials said a deal could be signed this month. Markets drew further optimism from U.S. economic data last week that eased apprehensions of a slowdown fuelled by the trade war. Strong resistance can be seen at 108.63 (11 DMA), an upside break can trigger rise towards 109.69 (100 DMA).On the downside, immediate support is seen at 108.26 (21 DMA), a break below could take the pair towards 107.72 (50 DMA).
Optimism over trade talks helped European shares close at their highest level in nearly two years on Monday, while a strong earnings report by Ryanair lifted Irish stocks to a more than one-year high.
UK's benchmark FTSE 100 closed up by 0.92 percent, Germany's Dax ended up by 1.35 percent, France’s CAC finished the day up by 1.08 percent.
Wall Street’s three main indexes were set to open at record highs on Monday, buoyed by hopes of a U.S.-China trade deal and an improving domestic economy.
At (19:10 GMT) Dow Jones was up by 0.42 percent, S&P 500 was up by 0.46 percent, Nasdaq was up by 0.65 percent.
U.S. Treasury yields rose on Monday as the market prepared for the Treasury Department to issue long-dated debt and as optimism that the United States and China will reach a deal to de-escalate their trade war boosted risk sentiment.
Benchmark 10-year notes fell 15/32 in price to yield 1.779%, up from 1.728% late Friday.
Gold edged lower on Monday as investors leaned towards riskier assets, driven by optimism on U.S.-China trade talks and fading fears of a global economic slowdown.
Spot gold fell 0.2% to $1,510.80 per ounce at 9:52 a.m. EDT (1352 GMT). U.S. gold futures were little changed at $1,513.40.
Oil prices crept upwards on Monday, with Brent reaching its highest in more than a month after the previous day’s boost from growing expectations of a U.S.-China trade deal and Iran flagging OPEC discussions of a deeper output cut next month.
Brent crude futures for January rose 80 cents to $62.49 a barrel by 1203 GMT, erasing earlier losses and reaching peaks last seen on Sept. 27. December U.S. crude futures also swung back into positive territory, up 64 cents at $56.84 a barrel.