Asia Roundup: Antipodeans set for weekly losses, greenback steadies as pandemic recovery stalls, Asian shares slump - Friday, October 16th, 2020
Asia Roundup: Kiwi rallies on Ardern's historic re-election win, dollar gains against yen amid U.S. coronavirus relief deal hopes, Asian shares surge - Monday, October 19th, 2020
Europe Roundup: Sterling steadies against dollar as Brexit talks extends, European stocks fall,Gold slips, Oil drops on rising virus cases, increasing Libyan output-October 26th,2020
America’s Roundup: Dollar struggles as U.S. election uncertainty offsets COVID-19 concerns, Wall Street ends mixed,Gold gains, Oil rises 2% on U.S. Gulf shutdowns, outlook weak-October 28th,2020
Europe Roundup: Sterling edges up ahead of UK decision on Brexit negotiations,European stocks gain,Gold edges up,Oil slides on COVID-19 resurgence-October 16th,2020
America’s Roundup: U.S. dollar gains on rising COVID-19 cases and lockdown restrictions in Europe, Wall Street sinks 3%, Gold slides, Oil plunges over 5% to four-month low as pandemic surges, U.S. crude output soars-October 29th,2020
Europe Roundup: Sterling holds near new highs as Brexit talks restart, European stocks fall, Gold slips, Oil slips on weaker demand outlook after U.S. gasoline stocks build-October 22nd 2020
Europe Roundup: Sterling on track for weekly gain as Brexit negotiations intensify, European stocks rise, Gold ticks up, Oil rises above $42 as possible OPEC+ cut extension offsets demand concern-October 23rd 2020
Asia Roundup: Aussie off 1-week peak, greenback steadies on U.S. stimulus concerns, Asian shares plunge - Thursday, October 22nd, 2020
Europe Roundup: Euro dips before ECB meeting, European shares dips, Gold holds steady, Oil extends losses with 4% slump on renewed lockdowns-October 29th,2020
America’s Roundup: Dollar ends losing week lower on election and COVID aid concerns, Wall Street subdued, Gold slips, Oil falls about 2% on Libyan output, COVID-19 demand concerns-October 24th,2020
Asia Roundup: Aussie at 3-week low as RBA minutes confirm rate cut on Nov. 3, greenback steadies amid caution over U.S. coronavirus aid, Asian shares slump - Tuesday, October 20th, 2020
Europe Roundup: Sterling little changed against dollar as traders hope for Brexit trade deal, European shares edge higher, Gold holds steady, Oil steadies but coronavirus and supply pressures remain-October 20th,2020
America’s Roundup:Dollar falls for second day as U.S. political concerns grow, Wall Street gains, Gold firms, Oil inches up on U.S. stimulus hopes, rising virus cases keep prices in check-October 21st,2020
Asia Roundup: Aussie gains on better-than-expected CPI, dollar eases as U.S. elections uncertainty loom, Asian shares slump - Wednesday, October 28th, 2020
America’s Roundup: Dollar index hits seven-week low with COVID stimulus in focus ,Wall Street slips, Gold jumps 1%, Oil prices fall as inventory report reflects demand weakness-October 22nd, 2020
America’s Roundup: Dollar struggles as rising oil prices lift commodity currencies, Wall Street jumps, Gold eases off highs, Oil jumps to two-month high on easing lockdowns, positive vaccine results-May 19th 2020
• U.S. West Texas Intermediate crude hits two-month high
• U.S. 30-year yields rise to 8-week high
• U.S. 10-year yields climb to 2-week peak
• French 3-Month BTF Auction -0.549% previous
• French 6-Month BTF Auction -0.505% previous
• French 12-Month BTF Auction -0.496% previous
• US May NAHB Housing Market Index37, 33 forecast, 30 previous
• US May 3-Month Bill Auction 0.130%, 0.125% previous
• US May 6-Month Bill Auction 0.150%, 0.155% previous
Looking Ahead - Events, Other Releases (GMT)
•22:45 New Zealand PPI Input (QoQ) (Q1) 0.1% previous
•22:45 New Zealand PPI Output (QoQ) (Q1) 0.4% previous
• 01:30 Australia Invest Housing Finance (MoM) -1.9% previous
• 01:30 New Zealand April RBNZ Offshore Holdings 46.40% previous
Looking Ahead - Events, Other Releases (GMT)
• 1:30 Australia RBA Meeting Minutes
EUR/USD: The euro rose against dollar on Monday after Germany and France issued a call for a 500 billion-euro recovery fund for Europe and proposed to allow the European Commission to borrow money on markets to finance the fund. The Franco-German deal, described by French president Emmanuel Macron as a major step forward, seeks to break the impasse over joint euro debt and act as a blueprint for a wider EU agreement. Immediate resistance can be seen at 1.0916 (61.8% fib), an upside break can trigger rise towards 1.0974 (Higher BB).On the downside, immediate support is seen at 1.0887 (50 % fib), a break below could take the pair towards 1.0824 (38.2% fib).
GBP/USD: Sterling strengthened against the dollar on Monday as broad dollar weakness helped the currency shrug off talk of negative interest rates from the Bank of England and a stalemate in Brexit negotiations.Britain and the EU’s chief negotiators on Friday gave downbeat assessments of the latest round of Brexit negotiations, while the Bank of England’s chief economist refused to rule out the possibility of taking interest rates below zero to prop up the country’s economy. Immediate resistance can be seen at 1.2269(50% fib ), an upside break can trigger rise towards 1.2300 (Psychological level).On the downside, immediate support is seen at 1.2171(38.2%fib), a break below could take the pair towards 1.2073 (23.6% fib).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Monday as higher oil prices weaker greenback across the board boosted Canadian dollar. Brent crude reached as much as $34.35 a barrel on Monday, its highest since April 9, and was last up 5.3% at $34.22. U.S. West Texas Intermediate crude was up 7.1% at $31.51 a barrel a two-month high. At (2024 GMT), the Canadian dollar was trading 0.06% higher at 1.3942 to the greenback. The currency, which touched on Tuesday an 11-day high at 1.3941, traded in an range of 1.3988 to 1.4081. Immediate resistance can be seen at 1.3946 (23.6% fib ), an upside break can trigger rise towards 1.4006 (38.2%fib ).On the downside, immediate support is seen at 1.3895 (11 DMA), a break below could take the pair towards 1.3800 (Psychological level).
.USD/JPY: The dollar strengthened against the Japanese yen on Monday after data showed Japan slipped into recession for the first time since 2015. Japan’s economy contracted at an annualised rate of 3.4% in January-March, government data showed on Monday, marking the second straight quarter of contraction and meeting the technical definition of recession, due to the coronavirus pandemic.The dollar was a touch firmer against the Japanese yen at 107.31 yen per. Strong resistance can be seen at 107.57(23.6% fib), an upside break can trigger rise towards 106.00 (Psychological level).On the downside, immediate support is seen at 107.25 (38.2% fib ), a break below could take the pair towards 107.00 (23.6% fib).
European shares bounced on Monday after their worst week in two months, as investors hoped for a gradual economic recovery with many countries easing coronavirus-led lockdowns.
UK's benchmark FTSE 100 closed up by 5.67percent, Germany's Dax ended up by 4.29 percent, France’s CAC finished the day up by 5.16 percent.
U.S. stocks surged on Monday, with the S&P 500 hitting a 10-week high, as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with investors also hoping for stimulus to cushion the economic blow from the pandemic.
Dow Jones closed up by 3.85 percent, S&P 500 ended up by 3.15 percent, Nasdaq finished up by 2.45 percent.
U.S. Treasury yields advanced on Monday, as investors grew optimistic about a potential vaccine that could help fight the coronavirus pandemic, boosting overall risk appetite as stocks and oil gained as well.
U.S. 30-year yields climbed to eight-week peaks, while those on the 10-year rose to two-week highs, and the two-year advanced to a one-week peak. The rise in long-dated yields steepened the yield curve to its widest spread in two months.
Gold retreated on Monday from a more than seven-year high, as stocks and oil surged on optimism surrounding the trial of a potential COVID-19 vaccine.
Spot gold fell 0.7% to $1,728.72 per ounce by 1:35 p.m. EDT (1735 GMT), after hitting its highest since October 2012 at $1764.55. U.S. gold futures settled 1.3% lower at $1,734.40.
Oil prices on Monday jumped to their highest in over two months on positive early results on a potential coronavirus vaccine, optimism about a resumption in economic activity and signs producers were following through on planned output reductions.
Brent futures for July delivery rose $2.31, or 7.1%, to $34.81 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.39, or 8.1%, to $31.82.