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: 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 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
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
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: 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
Asia Roundup: Aussie eases on Hong Kong unrest, dollar rallies against yen amid hopes of economic recovery, investors eye ECB Lagarde’s speech - Wednesday, May 27th, 2020
Asia Roundup: Aussie consolidates near 4-month peak, dollar gains against yen as risk appetite improves, investors eye ECB meeting outcome - Thursday, 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 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: Dollar hits 2-months low against a basket of currencies,Wall Street gains, Gold slips 1%,Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns-June3rd 2020
Asia Roundup: Aussie eases as Beijing readies new security law, dollar plunges against yen on rising U.S.-China tension, Asian shares slump - Friday, May 22nd, 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
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
America’s Roundup: Dollar dented as risk appetite ramps up, Wall Street gains, Gold eases, Oil prices rise as faith in supply cuts grows-May 27th,2020
Europe Roundup: Euro gains for the seventh day against dollar ,European shares rise, Gold dips, Oil tops $40 on OPEC cuts and demand recovery-June 3rd 2020
America’s Roundup: U.S. dollar rises on quarter-end flows, Wall Street slides, Gold slides, Oil steady on U.S.-Russia energy talks but still near 18-year lows-April 1st,2020
• 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
• US Redbook (MoM) 1.3%,1.7% previous
• US Redbook (YoY) 6.3%.9.1% previous
• US March CB Consumer Confidence
120.0, 110.0 forecast, 132.6 previous
• US March Chicago PMI 47.8. 40.0 forecast. 49.0 previous
• US March Dallas Fed Services Revenues -67.0, 14.0 previous
Looking Ahead - Economic Data (GMT)
• 21:30 Australia March AIG Manufacturing Index 44.3 previous
• 21:30 Australia Manufacturing PMI 50.1 forecast. 50.2 previous
• 23:50 Japan Tankan All Big Industry CAPEX (Q1) -1.1% forecast.6.8% previous
• 23:50 Japan Tankan Big Manufacturing Outlook Index (Q1) -14 forecast, 0 previous
• 23:50 Japan Tankan Large Manufacturers Index (Q1) -10 forecast,5 previous
• 23:50 Japan Tankan Large Non-Manufacturers Index (Q1) 6 forefast. 20 previous
• 00:00 Australia Feb Building Approvals (MoM) 4.5% forecast, -15.3% previous
• 00:00 Australia Feb Private House Approvals 0.3% previous
• 01:45 China March Caixin Manufacturing PMI 45.5, 40.3 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 $1.2415. 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/CAD: The Canadian dollar edged higher against its U.S. counterpart on Tuesday as oil prices rose and domestic data showed the economy grew in January, but the loonie was on track for its biggest monthly decline in more than five years. U.S. crude oil futures were up 2.4% at $20.58 a barrel on Tuesday after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks on stabilizing energy markets. At (19:30 GMT), the Canadian dollar was trading 0.3% higher at 1.4119 to the greenback .Immediate resistance can be seen at 1.4170 (5 DMA), an upside break can trigger rise towards 1.4253 (11 DMA).On the downside, immediate support is seen at 1.4000 (Psychological level), a break below could take the pair towards 1.4943 (21 DMA).
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. At ( GMT 18:00) The dollar against basket of six currencies was last trading 0.4% higher at 99.8. 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.
UK's benchmark FTSE 100 closed up by 1.95 percent, Germany's Dax ended down by 1.22 percent, France’s CAC finished the day down by 0.40 percent.
Wall Street’s slide deepened on Tuesday, with the S&P 500 was set for its worst first quarter since 1938 on growing evidence of a largescale corporate damage from the coronavirus pandemic as well as a near collapse in oil prices.
At (GMT 19:43) Dow Jones closed was last trading down by 1.61 percent, S&P 500 was down by 1.52 percent, Nasdaq was down by 1.12 percent.
U.S. Treasury yields were little changed on Tuesday as the Federal Reserve continued its aggressive purchases and managers rebalanced their portfolios with the end of the first quarter.
The benchmark 10-year yield was up 2.4 basis points at 0.69475% in morning trading.
Gold prices dipped over 2% to their lowest in a week on Tuesday as the dollar firmed, but the metal was on track for a sixth straight quarterly rise on concerns of global economic damage due to the coronavirus pandemic.
Spot gold fell 0.8% at $1,609.64 per ounce by 11:14 am EDT (1514 GMT). U.S. gold futures lost 0.6% to $1,611.60.
Oil prices steadied on Tuesday, with the U.S. crude benchmark climbing off 18-year lows after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks on stabilizing energy markets.
Brent crude futures was 2 cents lower at $22.74 a barrel by 12:48 p.m. ET (1648 GMT) ahead of expiration after closing on Monday at $22.76, its lowest finish since November 2002.
U.S. crude was up 23 cents at $20.32 after settling in the previous session at $20.09, its lowest since February 2002.