Europe Roundup: Euro rises on upbeat Euro zone retail sales data, European shares gain, Gold ticks higher, Oil mixed on tighter supply, surge in U.S. virus cases-July 6th,2020
Europe Roundup: Euro dips on fears of pandemic wave, European stocks rebound, Gold steadies, Oil slips towards $40 on record U.S. inventories, COVID fears-June 25th,2020
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
America’s Roundup: Dollar gains on coronavirus, tariff concerns, Wall Street ends lower, Gold retreats from an over 7-1/2 year high, Oil dives over 5% as U.S. crude stocks hit record, COVID cases mount-June 25th 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: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 2020
Europe Roundup: Sterling slips further to $1.24, weighed down by Brexit,European shares rise, Gold on course for third weekly gain, Oil prices inch up as demand upswing counters virus concerns-June 26th,2020
Asia Roundup: Euro eases following ECB Knot's comments, yen rallies as resurgent virus threatens global economic recovery, Asian shares consolidate - Friday, June 26th, 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
Europe Roundup: Euro dips as coronavirus surge unnerves investors European stocks dips, Gold soars towards 8-year high, Oil falls on rising stocks, worries of new virus wave-June 24th,2020
Asia Roundup: Euro eases on fresh trade tensions, greenback steadies as coronavirus surge drives cash hunt, Asian shares plunge amid holiday-thinned trading - Thursday, June 25th, 2020
Asia Roundup: Aussie at 1-week peak on Trump's assurance over U.S.-China trade pact, dollar gains as traders speculate pandemic recovery, Asian shares rebound - Tuesday, June 23rd, 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
America’s Roundup: Dollar dips as infections spike hits confidence,Wall Street ends higher, Gold jumps, Oil up above 2% on tighter supplies, eased lockdowns-June 23rd 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
America’s Roundup: Dollar weak as euro rises on Franco-German proposal for recovery fund ,Wall Street dips, Gold edges higher ,Oil dips as U.S. Senate grills Fed chair, Treasury secretary –May 20th,2020
• US April Building Permits 1.074M ,1.000M forecast, 1.350M previous
• US April Building Permits (MoM) -20.8%, -7.0% previous
• US April Housing Starts 0.891M, 0.927M forecast, 1.216M previous
• US April Housing Starts (MoM) -30.2%,-22.3% previous
• US Redbook (YoY) -9.5%-7.5% previous
• US Redbook (MoM) -2.6%, -1.5% previous
• Russia GDP Quarterly (YoY) (Q1) 1.6%, 1.9% forecast, 1.5% previous
• New Zealand GlobalDairyTrade Price Index 1.0%, -0.8% previous
Looking Ahead Economic Data
•22:45 New Zealand APRIL FPI (MoM) 0.7% previous
•23:00 Japan May Reuters Tankan Index -30 previous
•23:50 Japan March Core Machinery Orders (YoY) -9.5% forecast,-2.4% previous
•23:50 Japan Core March Machinery Orders (MoM) -7.1% forecast, 2.3% previous
• 00:30 Australia MI Leading Index (MoM) -0.8% previous
• China PBoC Loan Prime Rate 3.85% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro rose against dollar on Tuesday as the single currency added to Monday’s gains following news of a Franco-German proposal for a fund that would offer grants to European Union regions and sectors hit hardest by the coronavirus pandemic. Germany and France, whose agreements usually pave the way for broader EU deals, proposed that the European Commission borrow 500 billion euros ($550 billion) on behalf of the whole EU. The Commission is expected to outline their proposal before a European summit scheduled for May 27. Immediate resistance can be seen at 1.0983 (61.8% fib), an upside break can trigger rise towards 1.1019 (1st May high).On the downside, immediate support is seen at 1.0915 (50 % fib), a break below could take the pair towards 1.0848 (38.2% fib).
GBP/USD: Sterling strengthened against the dollar on Tuesday 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 1.2264 (50% fib ), an upside break can trigger rise towards 1.2351 (61.8% fib).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 to a one-week high against its U.S. counterpart on Tuesday as oil prices rose and after investor sentiment was boosted the day before by news of encouraging early-stage tests of a possible COVID-19 vaccine. Canada runs a current account deficit and is a major exporter of commodities, such as oil, so the loonie tends to be sensitive to the global flow of trade and capital. The Canadian dollar was trading 0.2% higher at 1.3923 to the greenback, or 71.92 U.S. cents, its strongest level since May 11. Immediate resistance can be seen at 1.3935 (38.2% fib), an upside break can trigger rise towards 1.3997 (38.2%fib ).On the downside, immediate support is seen at 1.3856 (23.6% fib), a break below could take the pair towards 1.3827 (Lower BB).
USD/JPY: The dollar strengthened against the Japanese yen on Tuesday as encouraging results from the trial of a vaccine for COVID-19 reduced demand for safe havens and the greenback rose to a near one-month high against the Japanese yen. Japanese yen dipped after drug maker Moderna Inc's experimental COVID-19 vaccine appeared safe and showed promise in a small group of healthy volunteers, according to very early data. Strong resistance can be seen at 107.80(23.6% fib), an upside break can trigger rise towards 108.16(Higher BB).On the downside, immediate support is seen at 107.30 (5DMA ), a break below could take the pair towards 107.00 (Psychological level).
European shares lost some ground on Tuesday after a rally in the previous session, as falls for euro zone banks and telecoms stocks countered optimism from a stimulus plan for the European Union.
UK's benchmark FTSE 100 closed down by 0.77 percent, Germany's Dax ended up by 0.15 percent, France’s CAC finished the day down by 0.89 percent.
The S&P 500 was trading flat on Tuesday, handing back some gains from a strong rally in the previous session, as investors digested a mixed set of quarterly results from retailers including Home Depot and Walmart.
Dow Jones closed down by 1.59 percent, S&P 500 ended down by 1.07 percent, Nasdaq finished down by 0.54 percent.
U.S. Treasury yields were lower on Tuesday after testimony by Federal Reserve Chair Jerome Powell.
The benchmark 10-year yield was last down 2.4 basis points at 0.7176%
Gold prices rose on Tuesday, supported by fears of a global recession and a wave of central bank stimulus measures, while an uptick in risk appetite after a positive report on a potential COVID-19 vaccine limited bullion's advance.
Spot gold was up 0.1% at $1,733.06 an ounce by 1244 GMT. U.S. gold futures were steady at $1,733.50.
Oil prices pulled back slightly on Tuesday as a U.S. Senate committee grilled Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin about aid packages intended to bolster the economy.
Benchmark Brent crude was down 40 cents or 1.2% at $34.41 a barrel by 12:36 p.m. EST (1636 GMT).
The front-month contract for U.S. West Texas Intermediate crude, which expires on Tuesday, was down 13 cents a barrel, or 0.4%, at $31.69.