Europe Roundup: Euro gains as soft U.S. data, uncertainty darken outlook, European share dips, Gold rises, Oil prices mixed as OPEC boost countered by Libyan developments-September 18th,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
Europe Roundup: Euro gains on weaker dollar, all eyes on Fed meeting, European stocks gain, Gold rises, Oil slips as demand concerns rise, Libya output looms-September 14th,2020
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
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
Asia Roundup; Antipodeans rebound from multi-week lows, dollar gains against yen on renewed stimulus hopes, Asian shares surge - Friday, September 25th, 2020
America’s Roundup: Dollar holds strong gains against eruro,Wall Street closes lower, Gold touches six-week low, Oil edges higher after U.S. crude, fuel stockpiles draw down-September 24th,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: 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
Asia Roundup: Kiwi slumps to 4-week trough as RBNZ hints at further easing, Aussie plunges as Westpac expects monetary easing by RBA, Asian shares volatile - Wednesday, September 23rd, 2020
Europe Roundup: Euro falls as rising COVID-19 cases unnerve investors, European stocks slips, Gold drops to near two-week low, Oil prices slip on potential Libyan output return, demand concerns-September 21st,2020
America’s Roundup: Dollar retreats post U.S. jobs data, ECB decision ,Wall Street ends lower,Gold gains, Oil prices slide near 2% after surprise U.S. crude stock build-September 11th,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
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
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
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 2020
America’s Roundup: Dollar strengthens after US jobless claims data,Wall Street gains, Gold accelerates higher, Oil settles below 5-month highs amid fuel demand worries-August 7th,2020
• US Initial Jobless Claims 1186K, 1,415K forecast, 1,434K previous
• US Continuing Jobless Claims 16107K, 16900K forecast, 16951K previous
• US Jobless Claims 4-Week Avg 1337.75K, 1403K forecast, 1368.75Kprevious
• Russia Central Bank reserves (USD) 582.7B previous
• Russia Jul CPI (YoY) 3.4%, 3.4% forecast, 3.2% previous
• Russia Jul CPI (MoM) 0.4%, 0.4% forecast, 0.2% previous
Looking Ahead Economic Data
•23:30 Japan Average Cash Earnings (YoY) -2.1% previous
•23:30 Japan Jun Household Spending (MoM) 7.5% forecast, -0.1% previous
•23:30 Japan Jun Household Spending (YoY) -7.5% forecast, -16.2% previous
•23:30 Japan Jun Overall wage income of employees -2.3% previous
•23:30 Japan Jun Overtime Pay (YoY) -26.30% previous
•23:50 Japan Jul Foreign Reserves (USD) 1,383.2B previous
•05:00 Japan Jun Coincident Indicator (MoM) -6.7% previous
•05:00 Japan Jun Leading Index (MoM) 0.7% previous
Looking Ahead - Events, Other Releases (GMT)
•01:30 Australia RBA Monetary Policy Statement
•01:45 Australia RBA Assist Gov Ellis Speaks
EUR/USD: The euro edged lower on Thursday as dollar rose after U.S. data showed fewer Americans sought jobless benefits last week. The dollar index briefly pared gains before gaining ground following the claims data, which also showed 31.3 million people were receiving unemployment checks in mid-July, suggesting the U.S. labor market was stalling. The dollar index, which measures the dollar against a basket of currencies, was last up 0.3% at 93.057. The index lost 4% in July. The euro was down 0.1% at $1.1844 against the dollar after reaching a two-year high of $1.1916. Immediate resistance can be seen at 1.1929 (23.6%fib), an upside break can trigger rise towards 1.1000 (Psychological level).On the downside, immediate support is seen at 1.1797 (38.2% fib), a break below could take the pair towards 1.1698(50%fib).
GBP/USD: Sterling strengthened to a new five-month high against the dollar and headed for the $1.32 mark after the Bank of England indicated that any move to cut rates below 0% was not imminent despite the economy’s slow recovery from the coronavirus hit.Much of the gain in the pound came shortly after the BoE announcement. The currency rose as much as 0.5% extending its run to a high of $1.3184, highest since March 9, before easing a touch to $1.3152, up 0.3% on the day. Immediate resistance can be seen at 1.3172 (23.6% fib), an upside break can trigger rise towards 1.3200(Psychological level).On the downside, immediate support is seen at 1.3101 (5DMA), a break below could take the pair towards 1.2968 (38.2%fib).
USD/CAD: The Canadian dollar weakened against the greenback on Thursday as oil prices fell and investors awaited U.S. and domestic jobs data, with the currency retreating from a five-month high reached the day before. The loonie was trading 0.2% lower at 1.3290 to the greenback . The currency, which on Wednesday notched its strongest intraday level since Feb. 21 at 1.3229, traded in a range of 1.3243 to 1.3322. Canada's employment report for July is due on Friday. The data could offer additional evidence of economic recovery from the coronavirus crisis after nearly one million jobs were added in June. Immediate resistance can be seen at 1.3318 (5DMA), an upside break can trigger rise towards 1.3386 (38.6%fib).On the downside, immediate support is seen at 1.3227 (23.6% fib), a break below could take the pair towards 1.3200 (Psychological level).
USD/JPY: The dollar edged lower against the Japanese yen Thursday as investors waited for signs of agreement on a U.S. aid package and digested better-than-expected U.S. jobless claims data. Economic data released on Thursday painted a mixed picture as Labor Department numbers showed a first fall in jobless claims in three weeks, although a separate report showed a 54% surge in job cuts announced by employers in July.Investors are looking to the next fiscal aid package to further cope with fallout from the COVID-19 pandemic. But Senate Majority Leader Mitch McConnell said on Thursday Republicans and Democrats remained far apart over what to include in another wave of relief. Strong resistance can be seen at 105.93 (14 DMA), an upside break can trigger rise towards 106.32 (50%fib).On the downside, immediate support is seen at 105.15 (38.2% fib), a break below could take the pair towards 104.10 (July 31st low).
European equities declined on Thursday as London stocks were sapped after Glencore scrapped its dividend and oil stocks slid, while investors kept a close eye on Washington for progress on U.S. stimulus.
UK's benchmark FTSE 100 closed down by 1.27 percent, Germany's Dax ended down by 0.54 percent, France’s CAC finished the day down by 0.98 percent.
Shares on Wall Street rose on Thursday but moved within narrow ranges, as investors awaited a new fiscal stimulus package to bolster the country’s economy and digested better-than-expected U.S. jobless claims data.
Dow Jones closed up by 0.68% percent, S&P 500 closed down by 0.65% % percent, Nasdaq settled up by 1.00% percent.
The Treasury yield curve flattened slightly on Thursday afternoon as government bond investors, who have expressed doubt about the stability of the U.S. labor market’s recovery this past week, held off from making major moves ahead of Friday’s federal jobs report.
The benchmark 10-year yield was last down 0.3 basis point on the day to 0.540%. The two-year yield was last up 0.2 basis point to 0.119% and the long bond was down 1.7 basis points to 1.202%.
Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as surging virus cases continue to pummel the U.S. economy.
Spot gold hit an all-time high of $2,069.21 per ounce and was up 0.8% at $2,055.87 at 2:10 p.m. EDT (1810 GMT). U.S. gold futures settled 1% higher at $2,069.40.
Oil prices hovered below five-month highs on Thursday, falling after a session in which bearish sentiment about fuel demand counteracted optimism about Iraq’s supply cuts, pushing the benchmarks in and out of positive territory.
Brent crude settled down 8 cents at $45.09 a barrel, while U.S. crude fell 24 cents to $41.95 after a four-day streak of gains.