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: U.S. dollar slides as vaccine news offsets surge in virus cases, Wall Street gains, Gold poised for fifth weekly gain, Oil rises as International Energy Agency boosts demand forecast-July 11th,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
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
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 little changed against Japanese yen as virus fears counter gains, Wall Street gains, Gold edges higher, Oil steady as hopeful economic data face spike in virus cases-July 7th,2020
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
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
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: 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: Sterling rises to three-week highs on news of Brexit talks, European shares slip, Gold steadies, Oil stable as rising virus cases, higher U.S. crude stockpiles stall recovery-July 8th,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
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 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
America’s Roundup: Dollar slides as risk appetite grows, US stocks ends mixed, Gold gains 1%, Oil prices steady as market awaits clarity on OPEC+ output cuts-June 4th,2020
• ECB beefs up its bond-buying programme
• U.S. weekly jobless claims drop below 2 million
• Markets awaiting U.S. payrolls report on Friday
• US Imports 232.20B previous 200.69B, 232.20B previous
• US Exports 151.28B, 187.80B previous
• US Continuing Jobless Claims 21,487K,20,050K forecast, 21,052K previous
• US Jobless Claims 4-Week Avg 2,284.00K,2,608.00K previous
• US Initial Jobless Claims1,877K,1,800K, 2,123K previous
• Canada April Exports 32.66B,42.07B forecast, 46.26B previous
• US Nonfarm Productivity (QoQ) (Q1) -0.9%,-2.7% forecast,1.2% previous
• US Unit Labor Costs (QoQ) (Q1) 5.1%, 5.0% forecast, 0.9% previous
• Canada April Imports 35.91B, 41.37B forecast, 47.67B previous
• US April Trade Balance -49.40B, -49.00B forecast, -44.40B previous
Looking Ahead Economic Data
• 22:30 Australia May AIG Services Index 27.1 previous
• 23:30 Japan April Household Spending (YoY) -15.4% forecast, -6.0% previous
• 23:30 Japan April Household Spending (MoM) -8.7% forecast, -4.0% previous
• 23:50 Japan May Foreign Reserves (USD) 1,368.6B previous
• 05:00 Japan April Coincident Indicator (MoM) -5.2% previous
• 05:00 Japan April Leading Index (MoM) -7.2% previous
• 05:00 Japan Leading Index 84.7 forecast, 83.8 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro jumped to a 12-week high against the U.S. dollar on Thursday after the European Central Bank increased stimulus to shore up economies hurt by the coronavirus pandemic. The ECB increased the size of its Pandemic Emergency Purchase Program (PEPP) to 1.35 trillion euros ($1.52 trillion) from 750 billion euros, more than the 500 billion-euro increase most analysts had expected, and extended it until June 2021 at the earliest, with a pledge to reinvest proceeds until at least the end of 2022.Immediate resistance can be seen at 1.1363 (Daily high), an upside break can trigger rise towards 1.1400 (Psychological level).On the downside, immediate support is seen at 1.1187 (5 DMA), a break below could take the pair towards 1.1113 (9 DMA).
GBP/USD: Sterling fell on Thursday as Britain and the European Union (EU) continued their Brexit negotiations, before the late June deadline by which the United Kingdom needs to say whether it wants an extension of the transition period. The pound had gained after British officials said the United Kingdom might be able to reach a compromise on fisheries with the EU earlier this week. An improvement in risk sentiment had also helped the pound, pushing it up more than 3% in one week. But a strengthening dollar and worries that Britain will exit the EU without a trade deal at the end of the year weighed on the British currency .Immediate resistance can be seen at 1.2656 (Higher BB), an upside break can trigger rise towards 1.2700 (Psychological level).On the downside, immediate support is seen at 1.2504 (Daily low), a break below could take the pair towards 1.2409 (5 DMA).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Thursday, pulling back from an earlier near three-month high, as oil prices fell and domestic data showed a greater-than-expected plunge in exports due to the coronavirus crisis. Canada posted a trade deficit of C$3.25 billion in April as exports fell by nearly 30% to the lowest level in more than 10 years at C$32.7 billion. Analysts had forecast exports would be C$42.1 billion. The Canadian dollar was trading 0.2% lower at 1.3522 to the greenback. The currency touched its strongest intraday level since March 9 at 1.3468.Immediate resistance can be seen at 1.3532 (June 3rd high), an upside break can trigger rise towards 1.3608(23.6%fib).On the downside, immediate support is seen at 1.4026 (5 DMA), a break below could take the pair towards 1.3996 (55 DMA).
USD/JPY: The dollar strengthened against the Japanese yen on Thursday as global markets grew more optimistic about an economic recovery boosting dollar against Japanese yen. The U.S. currency had began strengthening in overnight trading, pushing the Japanese yen to a two-month low of 109.150. A reminder of the economic travails will come on Friday with the Labor Department’s jobs report, which is expected to show the U.S. unemployment rate sky-rocketing to a historic 19.7%. Strong resistance can be seen at 109.51 (23.6% fib), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 108.67 (5 DMA), a break below could take the pair towards 108.25 (9 DMA).
A strong rally this week in European stocks stalled on Thursday as investors locked in profits, although euro zone banks surged after the European Central Bank ramped up its stimulus programme to prop up the coronavirus-hit economy.
UK's benchmark FTSE 100 closed down by 0.64 percent, Germany's Dax ended down by 0.45 percent, France’s CAC finished the day down by 0.21 percent.
The Nasdaq 100 index retreated from an intraday record high on Thursday, with the S&P 500 and Dow Jones indexes also slipping as a rally fueled by hopes of a post-coronavirus economic recovery fizzled out.
Dow Jones closed up by 0.05 percent, S&P 500 closed down by 0.34 percent, Nasdaq settled down by 0.69% percent.
Longer-term U.S. Treasury yields jumped on Thursday to levels not seen in months as European stimulus efforts and a slightly less grim U.S. jobs report helped support investor confidence.
The benchmark 10-year yield was up 5.7 basis points in afternoon trading at 0.8184%. It touched as high as 0.822%, the most since March 27.
Gold rose more than 1% on Thursday as the dollar retreated and Wall Street paused its recent rally as dismal U.S. trade data overshadowed slightly upbeat labor market numbers and optimism about an economic rebound.
Spot gold was up 1.1% to $1,716.60 per ounce at 12:38 p.m. EDT (1638 GMT). U.S. gold futures rose 1.1% to $1,723.20.
Oil prices were little changed in choppy trade on Thursday as investors awaited a decision from top crude producers on whether to extend record output cuts.
Brent crude futures ended the session 20 cents, or 0.5% higher, at $39.99 a barrel after a volatile session. U.S. West Texas Intermediate (WTI) crude futures rose 12 cents to $37.41.