Asia Roundup: Antipodeans ease amid lingering doubts over U.S.-China trade talks, euro at 3-week low ahead of German industrial data, investors eye BoE monetary policy decision - Thursday, November 7th, 2019
Europe Roundup: DXY pauses downside amid upbeat data and positive signals around US-China trade negotiations, Bullion halts the three-day rise, European indices set to hit fresh multi-month highs - Monday, November 4th 2019
Europe Roundup: Euro steadies on upbeat German economic data, greenback gains on Fed Powell’s comments, European shares tumble - Thursday, November 14th, 2019
Europe Roundup: Euro eases on political uncertainties, greenback rallies amid U.S. China trade deal hopes, European shares nudge higher - Tuesday, November 5th, 2019
Asia Roundup: Aussie at 1-month low on downbeat employment data, dollar eases against yen amid renewed U.S.-China trade deal concerns, Asian shares slump - Thursday, November 14th, 2019
Asia Roundup: Kiwi halts 5-day losing streak ahead of RBNZ policy meeting, dollar eases against yen amid persisting U.S.-China trade deal concerns, Asian shares plunge - Monday, November 11th, 2019
Asia Roundup: Kiwi at 1-week peak as RBNZ stands pat, greenback consolidates ahead of Fed Chair Powells' testimony, Asian shares tumble - Wednesday, November 13th, 2019
America's Roundup: Dollar gains on trade optimism, Wall Street gains, Gold slips, Oil gains on optimism over US-China trade deal-November 6th 2019
Europe Roundup: Sterling consolidates near 1.2800 amid persisting Brexit concerns, euro tumbles ahead of Spanish election, greenback at 3-week peak on U.S.-China trade hopes - Friday, November 8th, 2019
Asia Roundup: Aussie rebounds as business conditions improve, gold consolidates ahead of U.S. President Trump speech, Asian shares plunge - Tuesday, November 12th, 2019
America's Roundup: Dollar little changed as U.S.-China trade talk outcome awaited. Wall Street slids,Gold prices gain, Oil prices fall on large U.S. crude build-November 7th,2019
Asia Roundup: Aussie steadies as RBA stands pat, dollar rallies against yen on U.S.-China trade deal hopes, Asian shares at 4-month peak - Tuesday, November 5th, 2019
America's Roundup: Dollar gains versus yen on continued trade deal optimism, Wall Street hits fresh record high, Gold slides over 1%, Oil rebounds to $62 on hopes for U.S.-China trade deal-November 8th,2019
Asia Roundup: Kiwi at 1-week trough ahead of labour market data, greenback steadies on U.S.-China trade deal optimism, Asian shares surge - Wednesday, November 6th, 2019
Europe Roundup: Sterling eases on downbeat labour data, euro slumps following ECB Coeure's comments, investors eye Trump's trade speech - Tuesday, November 12th, 2019
Europe Roundup: Sterling consolidates below 1.2900 amid persisting concerns over economic outlook, euro gains on better-than-expected EZ trade surplus, European shares plunge - Friday, November 15th, 2019
America's Roundup: Dollar slips as data disappoints,Wall Street slips, Gold stedies,Oil rises 1% on hopes OPEC will extend supply cuts-October 17th,2019
• US retail sales fall for first time in seven months
• Sterling rally stalls on reports Brexit talks hit standstill
• US Sep Core Retail Sales (MoM) -0.1%, 0.2% forecast 0.2% previous
• US Sep Retail Control (MoM) 0.0%, 0.3% forecast 0.3% previous
• US Sep Retail Sales (MoM) -0.3%, 0.3% forecast 0.6% previous
• US Sep Retail Sales (YoY) 4.10% , 4.36% previous
• US Sep Retail Sales Ex Gas/Autos (MoM) 0.0%, 0.2% forecast 0.4% previous
• Canada Common CPI (YoY) 1.9%, 1.8% forecast 1.8% previous
• Canada Sep Core CPI (YoY) 1.9%, 1.9% forecast, 1.9% previous
• Canada Sep Core CPI (MoM) 0.0%,-0.1% previous
• Canada Sep CPI (YoY) 1.9%, 2.1% forecast 1.9% previous
• Canada Sep CPI (MoM) -0.4%,-0.2% forecast, -0.1% previous
• Canada Aug Foreign Securities Purchases 4.99B, -1.87B previous
• Canada Aug Foreign Securities Purchases -4.71B, 12.45B previous
• Canada Median CPI (YoY) 2.2%,2.1% forecast ,2.1% previous
• Canada Trimmed CPI (YoY) 2.1%,2.1% forecast ,2.1% previous
• Russia Sep Industrial Production (YoY) 3.0%,3.0% forecast, 2.9% previous
• US Aug Business Inventories (MoM) 0.0%,0.2% forecast, 0.3% previous
• US Oct NAHB Housing Market Index 71 , 68 forecast, 68 previous
• US Oct Thomson Reuters IPSOS PCSI 62.12, 58.94 previous
• Brazil Oct Thomson Reuters IPSOS PCSI 50.11, 47.08 previous
• Brazil Foreign Exchange Flows -6.858B , -3.673B previous
Looking Ahead - Economic Data (GMT)
• 00:30 Australia Sep Employment Change 15.3K forecast, 34.7K previous
• 00:30 Australia Sep Full Employment Change -15.5K previous
• 00:30 Australia Sep Participation Rate 66.2% forecast, 66.2% previous
• 00:30 Australia Sep Unemployment Rate 5.3% forecast, 5.3% previous
Looking Ahead - Events, Other Releases (GMT)
• 22:10 Australia RBA Assist Gov Debelle Speech
• 22:30 United Kingdom BoE Gov Carney Speech
• 18:00 US Chicago Fed President Evans Speech
• 18:00 US FOMC Member Bowman Speech
• 20:00 Australia RBA Governor Lowe Speech
• 20:20 US FOMC Member Williams Speech
EUR/USD: The euro gained against the U.S. dollar on Wednesday after dismal U.S. retail sales data painted a gloomy picture of the economy and supported the case for further interest rate cuts by the Federal Reserve. U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy.The euro was up 0.38 percent at $1.1075 . An index that tracks the dollar versus a basket of six major currencies was down 0.30 percent at 98.01. Immediate resistance can be seen at 1.1075 (50 DMA), an upside break can trigger rise towards 1.1100 (Psychological level).On the downside, immediate support is seen at 1.0984 (11 DMA), a break below could take the pair towards 1.1139 (11 DMA).
GBP/USD: Sterling came off five-month highs against dollar on Wednesday as the European Union and Britain sought to avert a disorderly Brexit before an EU summit on Thursday. Hopes of a breakthrough lifted markets on Tuesday, but investors turned more cautious after looking for a deal during the night that never came. Conflicting reports about the ongoing talks triggered a series of sharp moves on the pound. Reports that Germany might use emergency measures to counter any market panic from a hard Brexit, such as banning bets on falling share prices, also weighed on morale. Immediate resistance can be seen at 1.2877 (Daily high), an upside break can trigger rise towards 1.2900 (Psychological level).On the downside, immediate support is seen at 1.2653 (5 DMA), a break below could take the pair towards 1.2447 (11 DMA).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Wednesday after domestic data showed that inflation rose less than expected in September. Canada’s annual inflation rate held steady at 1.9% in September, falling short of the 2.1% rate that analysts had expected, data from Statistics Canada showed. Oil prices rose as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible. At (1350 GMT), the Canadian dollar was trading 0.1% lower at 1.3215 to the greenback. Immediate resistance can be seen at 1.3265 ( 21 DMA), an upside break can trigger rise towards 1.3300 (Psychological level).On the downside, immediate support is seen at 1.3181 (Daily low), a break below could take the pair towards 1.3100 (Psychological level).
USD/JPY: The dollar edged lower against the Japanese yen on Wednesday as lingering worries about trade tensions between the United States and China and downbeat economic data weighed on greenback. U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month. The downbeat report from the Commerce Department on Wednesday came on the heels of data this month showing a moderation in job growth and services sector activity in September. Strong resistance can be seen at 109.04 (200 DMA), an upside break can trigger rise towards 109.34 (Aug 1st high).On the downside, immediate support is seen at 108.47 (5 DMA), a break below could take the pair towards 107.87 (9 DMA).
European shares slipped on Wednesday, after closing at their highest level in more than a year, as London's last-ditch Brexit talks with Brussels kept investors apprehensive about making brisk decisions.
UK's benchmark FTSE 100 closed down by 0.61 percent, Germany's Dax ended up by 0.32 percent, France’s CAC finished the day up by 0.09 percent.
Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter earnings reports.
Dow Jones closed down by 0.08 percent, S&P 500 ended up by 0.20 percent, Nasdaq finished the down by 0.30 percent.
U.S. Treasury yields fell on Wednesday after data showed that U.S. retail sales fell for the first time in seven months in September, adding to concerns that the U.S. economy is slowing.
Benchmark 10-year yields fell to 1.741%, after rising as high as 1.778% on Tuesday, the highest since September 20.
Gold held steady on Wednesday after dropping nearly 1% in the previous session, as European stocks slipped on uncertainties surrounding Britain’s departure from the European Union, while palladium hit a new high on tight supplies.
Spot gold was little changed at $1,481.05 per ounce at 1209 GMT. U.S. gold futures rose 0.1% to $1,484.80.
Oil rose about 1.4% on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories.
Brent crude , the global benchmark, rose 68 cents, or 1.16%, to settle at $59.42 a barrel. U.S. crude gained 55 cents, or 1.04%, to settle at $53.36.