America’s Roundup: Dollar falls as other economies enter recovery, Wall Street ends higher, Gold slumps 2%,Oil moves higher, hovers below $40 as doubts emerge over next step on OPEC cuts-June 4th,2020
Americas’ Roundup: Dollar trades in narrow range as four-day euro rally fizzles, Wall Street ends lower, Brent at highest since March on U.S. stock draw, recovering demand-May 22nd 2020
Europe Roundup: Euro gains before Trump's press conference on China, European shares dips, Gold up, Oil falls but remains set for biggest monthly gain in years-May 29th,2020
Europe Roundup: Euro buoyed as investor sentiment improves, European shares gain,Gold eases, Oil prices climb as faith in supply cuts grows-May 26th,2020
Asia Roundup: Aussie rallies to 4-month peak as RBA stands pat, dollar holds gains against yen as U.S. manufacturing activity rebounds from 11-year low, Asian shares advance - Tuesday, June 2nd, 2020
America’s Roundup: Dollar climbs as U.S.-China tensions lift greenback, Wall Street ends mixed, Gold firms, Oil drops 4% on China-U.S. tensions, energy demand doubts-May 23rd 2020
Asia Roundup: Aussie near 4-month peak on upbeat Chinese data, dollar slumps amid U.S. riots, Asian shares rally as investors focus on recovery from pandemic - Monday, June 1st, 2020
America’s Roundup: Dollar dips against euro as month-end flows weigh, Wall Street ends up, Gold gains 1%,Oil surges 5% on U.S.-China trade optimism, falling crude output-May 30th,2020
Asia Roundup: Aussie eases on worsening U.S.-China tensions, dollar rallies against yen as risk sentiment slightly improves on potential Japanese stimulus, Asian shares consolidate - Monday, May 25th, 2020
Asia Roundup: Aussie rallies to 5-month peak on better-than-expected Chinese service PMI, greenback slumps amid mass protests against racism, Asian shares surge - Wednesday, June 3rd, 2020
Europe Roundup: Euro gains against dollar on economic recovery hopes, European shares rise,Gold gains, Oil steady as OPEC+ considers extension to output curbs-June 1st ,2020
Asia Roundup: Dollar rallies against yen on easing of coronavirus lockdowns, Asian shares rally, investors eye U.S. consumer confidence data - Tuesday, May 26th, 2020
Europe Roundup: Euro falls ahead of ECB meeting, European shares inch lower, Gold gains, Oil drops on U.S. inventories and doubts over output cuts-June 3rd, 2020
America’s Roundup: Dollar dips as improved risk appetite, EU recovery fund hopes boost euro, Wall Street ends down, Gold gains, Oil rises as higher U.S. refinery rates offsets surprise crude build-May 29th,2020
Asia Roundup: Dollar slumps as markets await Trump's Hong Kong response, euro at 2-month peak ahead of EZ prelim CPI, Asian shares plunge - Friday, May 29th, 2020
Europe Roundup: Euro hits 11-week high against dollar, European shares gains, Gold slips on recovery hopes. Oil prices rise ahead of OPEC+ meeting on output cuts-June 2nd 2020
America’s Roundup: Euro falls against dollar as recession fears grow,European shares gain, Gold dips over 2%, Oil price bounces off 18-year lows-March 31st,2020
• UK Business Investment (QoQ) (Q4) -0.5%,-1.0% previous
• UK Business Investment (YoY) (Q4) 1.8%,-0.6% forecast, 0.9% previous
• UK Current Account (Q4) -5.6B , -7.0B forecast, -15.9B previous
• UK GDP (QoQ) (Q4) 0.0%,0.0% forecast, 0.4% previous
• UK GDP (YoY) (Q4) 1.1%,1.1% forecast, 1.1% previous
• German Feb Import Price Index (MoM) -0.9%,-0.3% forecast, -0.4% previous
• French Feb Consumer Spending (MoM) -0.1%,0.7% forecast, -1.2% previous
• French CPI (MoM) 0.0%,0.0% forecast, 0.0% previous
• Spanish GDP (QoQ) (Q1) 0.4%,0.5% forecast, 0.4% previous
• German March Unemployment Change 1K , 29K forecast, -8K previous
• German March Unemployment Rate 5.0%,5.1% forecast, 5.0% previous
• German March Unemployment 2.267M, 2.266M previous
• EU Core CPI (YoY) 1.0%,1.2% previous
• EU Core CPI (MoM) 0.5%,0.2% previous
• EU March CPI (YoY) 0.7%,0.8% , 1.2% previous
• EU CPI (MoM) 0.5%,0.2% previous
• Canada Jan GDP (MoM) 0.1%,0.1% forecast, 0.3% previous
• Canada Feb IPPI (YoY) -0.3%,0.5% previous
• Canada Feb IPPI (MoM) -0.5% , 0.1% forecast, -0.3% previous
• Canada Feb RMPI (YoY) -5.9%,1.7% previous
Looking Ahead - Economic Data (GMT)
• 13:45 US March Chicago PMI 40.0 forecast, 49.0 previous
• 14:00 US March CB Consumer Confidence 110.0, 130.7 previous
•14:30 US March Dallas Fed Services Revenues 14.0 previous
• 14:30 US March Texas Services Sector Outlook 7.0 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Tuesday as investors assed the impact of massive official stimulus efforts against a near total shut down in global supply chains due to the coronavirus pandemic. Fears of a deep and lasting global recession, an unexpected expansion in Chinese factory data offered a glimmer of hope for economic growth, but analysts cautioned that a durable near-term recovery was still far from assured. Immediate resistance can be seen at 1.1011 (55 DMA), an upside break can trigger rise towards 1.1055 (21 DMA).On the downside, immediate support is seen at 1.0928 (Daily low), a break below could take the pair towards 1.0900 (Psychological level).
GBP/USD: The pound fell against the dollar on Tuesday as the U.S. currency gained strength due to its safe-haven properties amid the spread of the coronavirus. Concerned by the number of growing COVID-19 cases in the United States, where the reported cases are nearly double those in China, investors bought the dollar against sterling and other major currencies considered riskier than the U.S. currency. The pound traded 0.13% lower at $1.2400. Immediate resistance can be seen at 1.2416 (38.2 %fib), an upside break can trigger rise towards 1.2500 (Psychological level).On the downside, immediate support is seen at 1.2219 (50% fib), a break below could take the pair towards 1.2040 (61.8% fib).
USD/CHF: The dollar strengthened against the Swiss franc on Tuesday as upbeat Chinese economic data boosted risk appetite. Factory activity in China unexpectedly expanded in March after contracting sharply to a record low in the previous month, but the rapid global spread of the coronavirus is expected to keep businesses and the overall economy under heavy pressure as foreign demand slumps. Immediate resistance can be seen at 0.9684 (61.8% fib), an upside break can trigger rise towards 0.9721(9 DMA).On the downside, immediate support is seen at 0.9614 (50% fib), a break below could take the pair towards 0.9500 (30th March low).
USD/JPY: The dollar rose against the yen on Tuesday amid fiscal year-end demand by Japanese companies. Tuesday is the last trading day of Japan’s fiscal year and the end of the quarter for major investors elsewhere, which has fueled some volatility as big currency market players closed their books. The bulk of those positioning changes caused the dollar to strengthen. Against a basket of six other currencies, the dollar rose 0.4%to 99.5. It reached 102.99, its highest in more than three years, earlier this month as a global market selloff fuelled a rush for dollars. Strong resistance can be seen at 108.66 (6.8% fib), an upside break can trigger rise towards 109.00 (Psychological level).On the downside, immediate support is seen at 107.56 (50 % fib), a break below could take the pair towards 106.46 (38.2 % fib).
European stocks rose on Tuesday as strong Chinese factory data held out hope for an economic revival even as much of the rest of the world shut down to fight the coronavirus.
At (GMT 13:33),UK's benchmark FTSE 100 was last trading up at 0.34 percent, Germany's Dax was up by 0.12 percent, France’s CAC finished was up by 0.06 percent.
Gold dropped as much as 2.4% on Tuesday as the dollar strengthened and strong Chinese economic data boosted risk appetite, but bullion was heading for a sixth straight quarterly rise amid fears over a global shutdown due to the coronavirus.
Spot gold was down 1.4% at $1,599.90 per ounce by 1155 GMT. It has gained more than 5% for the quarter, and about 1% this month. U.S. gold futures fell 1.8% to $1,613.90.
Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks aimed at stabilising energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide.
Brent crude was up 87 cents, or 3.8%, at $23.63 a barrel by 1106 GMT after closing on Monday at $22.76, its lowest finish since November 2002.
U.S. crude was up $1.45, or 7.2%, at $21.54 a barrel after settling in the previous session at $20.09, its lowest since February 2002.
Italian government bond yields were steady before an auction of debt, amid hopes the country’s efforts to contain the spread of the coronavirus may be starting to work.
Italy’s benchmark 10-year yields dropped three basis points to 1.46%, half what they were on March 18, when panic over impact of the disease was at its peak.