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
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
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 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 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: Aussie eases as virus cases mount, gold steadies near more than 8-year high, Asian shares nudge lower - Wednesday, July 8th, 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
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: 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
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 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
America’s Roundup: Dollar falters as decent U.S. data curbs safe haven demand, Wall Street gains, Gold retreats from near 8-year peak, Oil prices firm on factory, inventory data-July 2nd, 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: U.S. dollar regains traction in FX markets, Wall Street drops, Gold retreats from near eight-year peak, Oil steadies as economic data overshadows coronavirus worries-July 8th,2020
America’s Roundup: Dollar steady as case for Fed's pause solidifies, Wall Street slips, Gold gains, Oil falls as U.S.-China trade deal prospects dim-November 14th,2019
• Optimism over a U.S.-China trade deal fades
• Russia GDP Quarterly (YoY) (Q3) 1.7%, 1.6% forecast, 0.9% previous
• US Oct Core CPI (YoY) 2.3%,2.4% forecast, 2.4% previous
• US Oct Core CPI (MoM) 0.2%, 0.2% forecast, 0.1% previous
• US Oct Core CPI Index 265.01, 264.60 previous
• US Oct CPI (MoM) 0.4%,0.3% forecast, 0.1% previous
• US Oct CPI (YoY) 1.8% , 1.7% forecast, 1.7% previous
• US Oct CPI Index, n.s.a , 257.35, 257.23 forecast, 256.76 previous
• US Oct CPI Index, s.a 257.27, 256.36 previous
• US Oct CPI, n.s.a (MoM) 0.23%,0.08% previous
• US Oct Real Earnings (MoM) -0.1%,0.1% forecast, -0.1% previous
• US Nov Thomson Reuters IPSOS PCSI 61.23, 62.12 previous
• Brazil Nov Thomson Reuters IPSOS PCSI 49.89, 50.11 previous
Looking Ahead - Economic Data (GMT)
• 23:50 Japan Foreign Bonds Buying 668.1B previous
• 23:50 Japan Foreign Investments in Japanese Stocks 420.9B previous
• 23:50 Japan GDP (YoY) (Q3) 0.8% forecast, 1.3% previous
• 23:50 Japan GDP (QoQ) (Q3) 0.2% forecast, 0.3% previous
• 23:50 Japan GDP Capital Expenditure (QoQ) (Q3) 0.9%, 0.2% previous
• 00:30 Australia Oct Employment Change 15.0K, 14.7K previous
• 00:30 Australia Full Employment Change 26.2K previous
• 00:30 Australia Participation Rate 66.1% forecast, 66.1% previous
• 02:00 China Oct Fixed Asset Investment (YoY) 5.4%,5.4% previous
• 02:00 China Oct Industrial Production (YoY) 5.4%, 5.8% previous
• 02:00 Chinese Unemployment Rate 5.2% previous
Looking Ahead - Events, Other Releases (GMT)
• 19:10 New Zealand RBNZ Gov Speaks
• 22:50 Australia RBA Assist Gov Bullock Speaks
EUR/USD: The euro declined against the U.S. dollar on Wednesday , after consumer prices in October rose more than expected and Federal Reserve Chair Jerome Powell offered an optimistic outlook for the economy. U.S. consumer prices jumped by the most in seven months in October, a report from the Labor Department showed, as the cost of healthcare surged by the most in more than three years. The Fed has cut interest rates three times this year in part due to low inflation. The euro was down 0.04 percent at $1.1004.The dollar index, which measures the greenback against six major currencies, was 0.02 percent higher at 98.35. Immediate resistance can be seen at 1.1040 (50 DMA), an upside break can trigger rise towards 1.1099 (100 DMA).On the downside, immediate support is seen at 1.0990 (50 DMA), a break below could take the pair towards 1.0940 (0th Oct).
GBP/USD: The pound was little changed against the dollar Wednesday, but stayed within recent trading ranges as weak economic data, which should hurt sterling, were more than offset by supportive political developments in Britain. Average weekly earnings rose at a weaker pace in the three months to September in the UK.On top of that, inflation fell in October to its lowest level in nearly three years, official data showed on Wednesday, adding to expectations that the Bank of England’s next move might be an interest rate cut.The British currency was last trading at $1.2843, down 0.01 percent on the day. Immediate resistance can be seen at 1.2900(Nov 11th high), an upside break can trigger rise towards 1.2987(31st 0ct high) .On the downside, immediate support is seen at 1.2822 (5 DMA), a break below could take the pair towards 1.2768 (Nov 8th high).
USD/CAD: The Canadian dollar weakened to a one-month low against its U.S. counterpart on Wednesday, adding to its decline since the Bank of Canada shifted to a more dovish stance as investors became more pessimistic about global trade conflicts. Global shares fell after U.S. President Donald Trump threatened to "substantially" increase tariffs if China failed to agree a trade deal, and he also took a swipe at European Union trade policies.Canada is a major exporter of commodities, including oil, so its economy could be hurt by a more uncertain outlook for global trade. At (1406 GMT), the Canadian dollar was trading 0.1% lower at 1.3253 to the greenback. Immediate resistance can be seen at 1.3276 (200 DMA), an upside break can trigger rise towards 1.3300 (Psychological level).On the downside, immediate support is seen at 1.3207 (50 DMA), a break below could take the pair towards 1.3142 (21 DMA).
USD/JPY: The dollar declined against the Japanese yen on Wednesday, as U.S. President Donald Trump’s speech on the trade ties with China diminished optimism for a deal boosted demand for Japanese yen. Trump on Tuesday said a trade deal was “close” but gave no new details on when or where an agreement would be signed, disappointing investors in what was billed as a major speech on his administration’s economic policies.He also rattled some investors by threatening China with even more tariffs if the two countries do not reach a deal. speech on the trade ties with China diminished optimism for a deal. At 20:37 GMT, the dollar was 0.21 percent lower versus the Japanese yen at 108.77. Strong resistance can be seen at 108.67 (11 DMA), an upside break can trigger rise towards 109.00 (Psychological level).On the downside, immediate support is seen at 108.12(50 DMA), a break below could take the pair towards 107.66 (100 DMA).
European shares retreated from four-year highs on Wednesday, as ambiguity over a U.S.-China trade deal and intensifying unrest in Hong Kong kept investors at bay, while Spanish stocks underperformed as Rome braced for more political uncertainty.
The UK's benchmark FTSE 100 closed up by 0.25 percent, Germany's Dax ended up by 0.09 percent, and France’s CAC finished the day up by 0.39 percent.
Wall Street edged lower on Wednesday as President Donald Trump’s threat to “substantially” raise tariffs if China did not make a trade deal with the United States as well as escalating tensions in Hong Kong kept investors away from riskier assets.
At (20:40 GMT) Dow Jones was up by 0.28 percent, S&P 500 was up by 0.04 percent, Nasdaq was down by 0.08 percent.
U.S. Treasury yields fell on Wednesday as optimism that the United States and China will reach a deal to remove tariffs faded, and as the recent rise in yields was seen as overdone.
Benchmark 10-year note yields to 1.973% on Thursday, which was the highest since August 1, and have climbed from 1.67% on November 1.
Gold gained on Wednesday as U.S. President Donald Trump’s speech on the trade ties with China diminished optimism for a deal and dented risk appetite.
Spot gold rose 0.5% to $1,463.70 per ounce at 11:16 a.m. EDT (1616 GMT). U.S. gold futures rose 0.8% to $1,464.80.
Oil prices fell on Wednesday as prospects for a trade deal between the United States and China faded, weighing on the outlook for the global economy and energy demand.
Brent crude futures fell 45 cents, or 0.7%, to $61.61 a barrel by 1313 GMT, while U.S. West Texas Intermediate crude was at $56.55, down 25 cents or 0.45%.