Asia Roundup: Kiwi hits 1-week peak on better-than-expected Q3 retail sales, dollar at 1-month low on Fed inflation caution, investors eye Eurozone PMI's - Thursday, November 23rd, 2017
Asia Roundup: Antipodeans slump on downbeat Chinese economic data, dollar index steadies ahead of central bank speeches, Asian shares decline - Tuesday, November 14th, 2017
Asia Roundup: Aussie hits 5-month low on RBA meeting minutes, dollar index near 1-week high on higher U.S. Treasury yields, Asian shares gain - Tuesday, November 21st, 2017
Europe Roundup: Sterling off 1-1/2 week high on weak economic data, dollar steadies against yen near 2-month trough amid subdued trading, European shares trade in red - Thursday, November 23rd, 2017
Asia Roundup: Kiwi rebounds from multi-month lows, euro at 1-week low as German coalition talks fail, Asian shares edge down - Monday, November 20th, 2017
Americas Roundup: Dollar index recovers ground after recent weakness, Political headwinds undermine sterling, Gold recovers lost ground, Oil steady amid Saudi tensions, rising U.S. production-November 14th, 2017
Americas Roundup: Dollar pares losses against euro after U.S. data,Wall Street dips , Oil prices settle lower after U.S. crude stocks rise,gold falls
Europe Roundup: Sterling hits 2-week peak, dollar at 4-week trough against yen on U.S. political concerns, European shares slump - Friday, November 17th, 2017
Europe Roundup: Sterling hits 2-1/2 week high on Brexit negotiation progress hopes, euro off lows as investors digest Germany worries, European shares volatile - Monday, November 20th, 2017
Asia Roundup: Yen trades marginally lower despite higher than expected manufacturing PMI data, gold flat at $1,290 mark, Most Asian indices in Green - Friday, Nov 24, 2017
Americas Roundup: Dollar dips as market awaits Fed minutes, US stocks rally, Gold edges up, Oil rises ahead of OPEC meeting, capped by rising U.S. output-November 22nd 2017
Europe Roundup: Sterling eases after UK employment data, dollar hits 4-week low against yen on risk-off sentiment, European shares at 8-week trough - Wednesday, November 15th, 2017
Americas Roundup: Dollar steadies as tax overhaul gets U.S. House nod, Wall Street rally, Gold dips, Oil extends losing streak on U.S. oversupply worries-November 17th 2017
Americas Roundup: Dollar dips on worries over possible delays to U.S. President Donald Trump's tax plans, Wall Street ends lower, Gold turns higher, Oil falls on rising U.S. output, global demand concern-November 15th,2017
Americas Roundup: Dollar index hurt by tax plan skepticism, Gold rises, U.S. Treasury yields slip as risk appetites fade, Wall Street slips, Oil rises over 2 pct, still set for first weekly fall in 6-November 18th 2017
Americas Roundup: Dollar index hits six-day high, euro sinks on German political worries, Wall Street rise, Oil eases as traders, investors grow edgy ahead of OPEC-November 21st 2017
Americas Roundup: Dollar weakens on U.S. tax reform worries, U.S. Treasury yields edge higher, Gold gains, Oil settles lower as U.S. crude output up, China imports down-November 9th 2017
• U.S. Senate still on track to release tax bill Thursday –aide.
• U.S. Speaker Ryan opens door to delayed corporate tax rate cut.
• Trump warns 'rogue regime' N.Korea of grave danger.
• U.S. Commerce Secretary says Trump-Xi talks will address trade imbalances.
• CBO revises deficit estimate from Obamacare individual mandate repeal.
• German advisers want tighter ECB policy, longer Brexit talks.
• Greece's Tsipras says debt relief discussion to follow the review.
• EU to sign joint defence pact in show of post-Brexit unity.
• U.S. MBA Mortgage Application, 0.0%, -2.6% previous.
• U.S. MBA 30-yr Mortgage rate, 4.18%, 4.22% previous.
• CA Oct Housing starts annualized, 222.8k, 210.0k forecast, 217.1k prev 219.3k revised.
• CA Sept Building permits m/m, 3.8%, -0.2% forecast, -5.5% previous -5.1% revised.
• IMF, BOJ member say Japan needs to keep stimulus running.
Looking Ahead - Economic Data (GMT)
• 20:00 New Zealand Central bank Interest rate, 1.75% forecast, 1.75% previous
• 23:50 Japan Sept Current account NSA (JPY), 2375.4 bln forecast, 2380.4 bln previous
• 23:50 Japan Sept Machinery orders m/m, -1.8% forecast, 3.4% previous
• 23:50 Japan Sept Machinery orders y/y, 1.9% forecast, 4.4% previous
• 00:30 Australia Sept Housing Finance, 3.0% forecast, 1.0% previous
• 01:30 China Oct PPI y/y, 6.6% forecast, 6.9% previous
• 01:30 China Oct CPI y/y, 1.8% forecast, 1.6% previous
• 01:30 China Oct CPI m/m, 0.2% forecast, 0.5% previous
Looking Ahead - Events, Other Releases (GMT)
• 08:00 ECB's Daniele Nouy speaks in Brussels
• 13:00 ECB's Benoit Coeure speaks in Lyon, France
• 13:15 ECB's Yves Mersch speaks in Vienna
• 13:45 ECB's Vice President Vitor Constancio speaks in Rome
EUR/USD is likely to find support at 1.1552 levels and currently trading at 1.1594 levels. The pair has made session high at 1.1604 and hit lows at 1.1578 levels. Euro inched higher against the dollar on Wednesday as the dollar was pressured by worries over possible delays to President Donald Trump's tax reform plans. The Washington Post, citing unidentified sources, reported on Tuesday that Senate Republican leaders are considering a one-year delay in the implementation of a major corporate tax cut to comply with Senate rules. Any potential delay in the implementation of tax cuts, or the possibility of proposed reforms being watered down, would tend to work against the U.S. currency. Senate Republicans are expected to unveil their own tax bill at the end of the week, and early indications suggest it could differ significantly from legislation proposed in the House of Representatives. The dollar index, which tracks the greenback against six major currencies, was down 0.03 percent at 94.88. On Monday, the Federal Reserve Bank of New York confirmed that William Dudley, among the most influential monetary policymakers throughout the financial crisis and its aftermath, expects to retire by mid-2018.That raised another question over leadership at the central bank, less than a week after Trump chose a new Fed chief.
GBP/USD is supported in the range of 1.3081 levels and currently trading at 1.3109 levels. It reached session high at 1.3114 and dropped to session low at 1.3083 levels. Sterling declined against the dollar on Wednesday as Political turmoil in Westminster and growing doubts over Prime Minister Theresa May's ability to deliver a good Brexit deal weighed on sterling. A string of political scandals, leading to fears that May could be on track to lose a second minister from her cabinet in the space of just one week, have added to the currency's troubles. The pound fell 0.6 percent to $1.3096, inching closer to the one-month low of $1.3040 hit on Friday. Against the euro, it was trading 0.4 percent lower, at 88.34 pence. Uncertainty over the progress of Brexit talks and the weak picture for the British economy despite a historic rate hike last week have kept investors frosty towards the pound. The pound sold off last week after the Bank of England raised interest rates for the first time in over a decade but pushed back investors' expectations for further rate hikes. The central bank told investors to expect just two more hikes in the next three years, adding that even these plans were dependent on the outcome of negotiations over Britain's departure from the European Union. Sterling also took a hit from falling bond yields as the gilt yield curve flattened to its lowest level in more than a year.
USD/CAD is supported at 1.2691 levels and is trading at 1.2720 levels. It has made session high at 1.2744 and lows at 1.2714 levels. The Canadian dollar strengthened against its U.S. counterpart on Wednesday, adding to its gains after comments by Bank of Canada Governor Stephen Poloz the day before which were less dovish than investors had expected. In a speech and news conference, Poloz maintained a neutral tone on the next interest rate move, repeating the bank's message that it was monitoring wage growth and inflation, as well as economic capacity to see how the economy was adjusting to rate hikes in July and September. Prices of oil, one of Canada's major exports, eased as Chinese crude imports fell to a one-year low, but losses were partly offset by investor caution over rising political tensions in the Middle East. On the data front, Canadian seasonally adjusted housing starts were 222,771 in October, increasing from a revised 219,293 units in September. In separate domestic housing data, the value of building permits rose by 3.8 percent in September from August, the first increase in three months. The Canadian dollar was trading at C$1.2720 to the greenback, or 78.58 U.S. cents, up 0.4 percent. The currency traded in a range of C$1.2720 to C$1.2777. It has recovered from a 3-1/2 month low at C$1.2916 less than two weeks ago.
AUD/USD is supported around 0.7642 levels and currently trading at 0.7683 levels. It hit session high at 0.7685 and made session lows at 0.7666 levels. The Australian dollar held near four-month lows on Wednesday on expectations that local interest rates will stay at record lows for a long time yet. The Aussie dollar also came under some pressure after data from China showed imports of crude oil, copper and iron ore fell in October from the previous month. China is Australia's No.1 trading partner. The Aussie often traded as a liquid proxy for China plays, slipped to $0.7641 to head closer to October's low of $0.7622, which was the weakest level since July.However, it recovered to be up 0.1 percent at $0.7676 as greenback retreated on expectations of possible delays in long-awaited U.S. tax reforms. The Aussie has lost about 5 percent of its value since early September when it rose to a near 2-1/2 year peak of $0.8124 with the country's central bank determined to hold rates at 1.50 percent even as other policymakers have begun tightening.On Tuesday, the Reserve Bank of Australia (RBA) once again stood pat on rates after last easing in August 2016 as it remains cautious about lukewarm inflation.
Financial shares weighed on European indexes on Wednesday amid doubts over U.S. tax reform plans and the "Trumpflation" trade and concerns over some European lenders' earnings and over non-performing loans in Italy.
UK's benchmark FTSE 100 closed up by 0.2 percent, the pan-European FTSEurofirst 300 ended the day down by 0.03 percent, Germany's Dax ended up by 0.1 percent, France’s CAC finished the day down by 0.2 percent.
Wall Street closed at a record high on Wednesday as Apple's market capitalization climbed above the $900 billion mark and videogame makers rallied.
Dow Jones closed up by 0.02 percent, S&P 500 ended up 0.14 percent, Nasdaq finished the day up by 0.31 percent.
U.S. Treasury yields edged higher on Wednesday with the yield curve close to its flattest level in a decade, as investors reduced their existing bond holdings to make room for this week's government and corporate bond supply.
The 30-year bond yield hovered at a near six-week low reached on Tuesday. It was up 1.6 basis point at 2.786 percent in late U.S. trading. The two-year yield increased 1.6 basis points to 1.645 percent.
Gold rose on Wednesday, hovering near a three-week high as the dollar retreated on expectations of possible delays in long-awaited U.S. tax reforms, while palladium hit its highest since 2001.
Spot gold was up 0.6 percent at $1,283.20 an ounce by 2:00 p.m. EST (1900 GMT). U.S. gold futures for December delivery settled up $7.90, or 0.6 percent, at $1,283.70 per ounce.
Oil prices settled slightly lower on Wednesday after U.S. government data showed rising domestic crude production, a surprise build in U.S. stockpiles and a decline in monthly Chinese crude imports, a triple blow that was offset somewhat by rising tensions in the Middle East.
Brent futures fell 20 cents, or 0.3 percent, to settle at $63.49 a barrel, while U.S. West Texas Intermediate crude fell 39 cents, or 0.7 percent, to settle at $56.81 per barrel.
November 24 15:30 UTC Released
USECRI Weekly Index*
November 24 14:45 UTC Released
US1st Half-Mth Infl YY*
November 27 09:00 UTC 29592959m
November 27 09:00 UTC 29592959m
November 27 14:00 UTC 32593259m
MXTrade Balance, $*
-1.886 Bln USD
November 27 14:00 UTC 32593259m
MXTrade Balance SA*
-1.559 Bln USD
November 27 15:30 UTC 33493349m
USDallas Fed mfg bus index
November 27 21:00 UTC 36793679m
KRBOK Manufacturing BSI*
87 Bln BRL
November 28 00:00 UTC 38593859m
BRCentral Govt Balance
-22.725 Bln BRL
November 28 07:00 UTC 42794279m
DEGDP Growth QQ* Advance