America’s Roundup: Dollar dips amid doubts about U.S. stimulus, Wall Street gains, Gold hits highest since 2011, Oil falls as U.S. posts surprise rise in crude inventories-July 23rd 2020
Europe Roundup: Euro rises on back of weaker dollar European shares fall, Gold soars to all-time high ,Oil slips on U.S.-China tensions,rising virus cases-July 27th,2020
America’s Roundup: Dollar drops to four-month low, Wall Street rises, Gold surges 1.5% , Oil prices up $1/bbl on virus vaccine hopes, EU stimulus deal-July 22nd,2020
Europe Roundup: Sterling heads lower after early gains, European shares dips,Gold edges back from record peak, Oil falls as rising virus cases overshadow demand recovery-August 4th,2020
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
America’s Roundup: Dollar falls to two-year low, Wall Street rises, Gold hits record high, Oil rises on hopes for U.S. stimulus measure-July 28th,2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
Asia Roundup: Dollar steadies near 2-year low as investors turn to Congress for stimulus, Asian shares surge, markets await EZ economic data - Thursday, July 30th, 2020
Asia Roundup: Dollar steadies across the board on U.S. stimulus hopes, gold eases from record peak on profit taking, Asian shares nudge higher - Tuesday, July 28th, 2020
America’s Roundup: Dollar gains on upbeat manufacturing data,Wall Street jumps, Gold pulls back from record high, Oil rises more than 1% on hopes for economic recovery-August 4th,2020
Europe Roundup : Euro little changed as investors await Fed meeting, European share flat, Gold eases, Oil prices jump on U.S. inventory drop-July 29th,2020
Asia Roundup: Yen rallies to over 4-month peak as coronavirus outbreak worsens, gold at all-time high amid U.S.-China tensions, investors eye German IFO Survey - Monday, July 27th, 2020
America’s Roundup: Dollar heads for steepest monthly drop in decade, Wall Street gains, Gold rises, Oil posts monthly gains as U.S. reports record output cuts in May-August 1st,2020
Asia Roundup: Dollar slumps against yen as investors eye Fed policy meeting outcome, U.S. stimulus talks; Asian shares nudge lower - Wednesday, July 29th, 2020
America’s Roundup: Dollar slides as Trump's election tweet rattle markets,Wall Street falls ,Gold retreats, Oil down nearly 4% as virus surge weighs on demand outlook-July 31st,2020
Asia Roundup: Aussie steadies as RBA keeps policy steady, dollar gains against yen as investors await U.S. stimulus deal, Asian shares surge - Tuesday, August 4th, 2020
Americas Roundup: U.S. dollar slides to two-week low,Wall Street inches up, Gold smashes through $1,800 level,Oil falls as rise in virus cases, U.S. inventories stall recovery-July 9th,2020
• Brazil May Retail Sales (YoY) 13.9%, -12.1% forecast,-16.8% previous
• Brazil May Retail Sales (MoM) -7.2%, 6.0%,-16.8% previous
• Russia June CPI (MoM) 0.2%,0.3% forecast, 0.3% previous
• Russia June CPI (YoY) 3.2%, 3.0% forecast, 3.0% previous
• US Seevol Cushing Storage Report 1.566M, -1.637M previous
• US Gasoline Production 0.140M,0.111M previous
• US Crude Oil Inventories 5.654M,-3.114M forecast, -7.195M previous
• US May Consumer Credit -18.28B ,-15.50B forecast, -68.78B previous
Looking Ahead - Economic Data (GMT)
• 23:50 Japan May Core Machinery Orders (YoY) -17.1% forecast, -17.7% previous
•23:50 Japan May Core Machinery Orders (MoM) -5.4% forecast, -12.0% previous
•23:50 Japan June M3 Money Supply 1,856.1T previous
• 23:50 Japan June PPI (YoY) -2.4%,-2.7% previous
•23:50 Japan Foreign Investments in Japanese Stocks -494.4B previous
• 23:50 Japan Foreign Bonds Buying174.6B previous
Looking Ahead - Economic events and other releases (GMT)
EUR/USD: The euro edged higher on Wednesday as dollar edged lower as investors weighed hopes for a swift economic recovery against fears about a resurgence in the pandemic, particularly in the United States. The U.S. currency’s weakness comes amid criticism over the government’s response to the coronavirus pandemic and protests over racial inequality that has eroded support for President Donald Trump months before the Nov. 3 presidential election. At the same time, investors increasingly expect growth to accelerate in Europe, threatening to narrow an economic performance gap that has boosted the dollar for years. Immediate resistance can be seen at 1.1355 (Higher BB), an upside break can trigger rise towards 1.1400 (Psychological level).On the downside, immediate support is seen at 1.1246 (11 DMA), a break below could take the pair towards 1.1183 (38.2%fib).
GBP/USD: Sterling gained against the dollar on Wednesday as sterling was unmoved by Chancellor Rishi Sunak’s announcement of his plans to revive the economy.In a speech, the British finance minister said the government would pay bonuses to employers to bring workers back to their jobs from the state’s coronavirus emergency furlough scheme. Analysts had predicted prior to the announcement that there would not be much reaction in the pound, with the market also focused on renewed Brexit talks this week. Immediate resistance can be seen at 1.2615 (Daily high), an upside break can trigger rise towards 1.2663 (Higher BB).On the downside, immediate support is seen at 1.2575 (38.2% fib), a break below could take the pair towards 1.2506 (30 DMA).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Wednesday but stuck to a narrow range as investors globally weighed the risk of stalling economic recovery from the coronavirus crisis and ahead of a fiscal snapshot" from Ottawa. Canadian Finance Minister Bill Morneau is expected this afternoon to outline the current balance sheet, with the Globe and Mail reporting that a deficit of more than C$300 billion would be forecast. The Canadian dollar was trading 0.1% higher at 1.3585 to the greenback .Immediate resistance can be seen at 1.3550 (5 DMA), an upside break can trigger rise towards 1.3626 (38.2% fib).On the downside, immediate support is seen at 1.3492 (Lower BB), a break below could take the pair towards 1.3471 (23.6% fib).
USD/JPY: The dollar declined against the Japanese yen on Wednesday as an increase in new coronavirus cases in some parts of the world undermined prospects for a quick economic recovery. California reported more than 10,000 coronavirus cases on Tuesday, a record rise for a single day. That exceeded the number of contact tracers recently trained by the state to detect and prevent potential outbreaks. Coronavirus cases were also on the rise in the Australian state of Victoria, which led to lockdown measures being re-imposed in Melbourne, the country’s second-biggest city. Strong resistance can be seen at 107.76 (100 DMA), an upside break can trigger rise towards 108.03 (Higher BB).On the downside, immediate support is seen at 107.17(Daily low ), a break below could take the pair towards 107.00 (Psychological level).
HSBC and Nokia dragged European shares lower on Wednesday as a surge in coronavirus cases appeared to threaten a recovery in the global economy, while Britain’s plan to head off an unemployment crisis cushioned a fall in London’s domestically focused stocks.
UK's benchmark FTSE 100 closed down by 0.55 percent, Germany's Dax ended down by 0.97 percent, France’s CAC finished the day down by 1.24 percent.
U.S stocks were slightly higher in choppy trading on Wednesday, supported by technology shares as early signs of an economic rebound offset concern about further lockdowns due to a jump in coronavirus cases across the country.
At GMT (19:39) Dow Jones was trading up by 0.60 percent, S&P 500 was trading up by 0.58 percent, Nasdaq was trading up by 1.10 percent.
Treasury yields were stable in trading on Wednesday morning and put the U.S. on track to keep selling debt at record low yields, analysts expect, indicating strong demand for the safe securities despite a flood of new issuance.
The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down less than a basis point at 0.1626 % in morning trading.
Gold rallied past the technical $1,800 threshold on Wednesday, scaling its highest since September 2011, as investors bolted for safety from the novel coronavirus and central banks implemented powerful stimulus packages to cushion its economic impact.
Spot gold jumped 1% to $1,811.55 per ounce by 11:12 a.m EDT (1512 GMT). U.S. gold futures gained 0.7% to $1,822.
Oil prices inched lower on Wednesday, as rising U.S. crude inventories and an increase in U.S. coronavirus infections put the brakes on a price recovery sparked by easing lockdowns.
Brent crude futures fell 19 cents to $42.89 a barrel by 11:23 AM EDT (1523 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 23 to at $40.39 a barrel.