America’s Roundup: Dollar bounces back from weak private employment report, Wall Street closes mixed, Gold gives up earlier gains, Oil falls on U.S. crude stock build, Delta variant spread-August 5th,2021
Europe Roundup: Sterling dips against greenback, heads for worst week in a month, European shares rise, Gold slips, Oil up, but on track for biggest weekly drop in months-July 16th,2021
America’s Roundup: Dollar eases from highest level since start of the year , Wall Street ends higher, Gold hits 1-week low, Oil gains over 4% despite rise in U.S. inventories-22nd July ,2021
Europe Roundup: Sterling edges higher against dollar on optimistic view about UK COVID-19 outlook, European shares gain,Gold little changed, Oil rises as markets expect continuous fall of inventories-August 3rd,2021
America’s Roundup: Dollar edges lower on dovish Fed tone, mixed economic outlook, Wall Street ends mixed, Gold gains, Oil falls over 3% on concerns over demand and OPEC supply boost-August 3rd,2021
Europe Roundup: Euro dips as investors focus shifts to Thursday's ECB meeting, European shares gain, Gold eases, Oil extends gains despite rise in U.S. inventories-21st July, 2021
Europe Roundup: Sterling edges up as UK COVID infections dips, European stocks dips, Gold rises, Oil falls $1 as coronavirus, slower China imports hit demand-26th July,2021
America’s Roundup: Dollar dips as markets weigh economic risks ,Wall Street ends higher, Gold edges lower ,Oil settles lower in volatile trade on worries about Delta variant-August 4th,2021
Europe Roundup: Euro edges higher after German factory orders data, European stocks hover near record levels, Gold slips, Oil rises on Mideast tensions but virus concerns weigh-August 5th,2021
America’s Roundup: Dollar heads for second weekly rise, Wall Street closes at record highs, Gold dips, Oil edges up in weekly rebound on forecasts for tight supplies-24th July,2021
America’s Roundup: Dollar edges lower ahead of Fed meeting, Wall Street gains, Gold eases ,Oil steadies in undersupplied market but coronavirus cases weigh-27th July,2021
Europe Roundup: Euro gains as dollar dips on dovish Fed, European stocks rises, Gold gains, Oil edges higher on inventory drawdowns-29th July,2021
America’s Roundup: Dollar bounces after U.S. consumer spending rises strongly in June ,Wall Street falls, Gold retreats, Oil climbs, notches fourth monthly gain on growing demand-July 31st,2021
America’s Roundup: U.S. dollar inches higher to three-month peak,Wall Street gains, Gold little changed, Oil rebounds as market seizes on discounted prices-July 21st,2021
Europe Roundup: Euro edges higher against greenback ahead of ECB meeting, European stocks gains, Gold eases, Oil prices rise on signs of tightening supplies-22nd July,2021
America’s Roundup: Dollar falls as Fed talks about tapering but sets no timeline, Wall Street ends mixed,Gol
Asia Roundup: Antipodeans ease amid lingering doubts over U.S.-China trade talks, euro at 3-week low ahead of German industrial data, investors eye BoE monetary policy decision - Thursday, November 7th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rallied to a 3-week peak as the Fed signalled there would be no further reductions unless the economy takes a turn for the worse, after cutting interest rates for the third time this year to help sustain U.S. growth. The greenback against a basket of currencies traded flat at 97.99, having touched a high of 98.02 earlier, its highest since October 17.
EUR/USD: The euro plunged to a 3-week low as recent factory surveys showed Germany’s manufacturing sector slipping into recession. Investors now await German industrial output, which is expected to ease 0.4 percent in September after a 0.3 percent increase in the previous month. The European currency traded 0.1 percent down at 1.1058, having touched a low of 1.1054 earlier, its lowest since October 16. Investors’ attention will remain on a series of data from the Eurozone economies, EZ Economic Bulletin and Economic Growth forecasts, ahead of the U.S. economic data, including unemployment benefit claims, consumer credit and Fed Kaplan's speech. Immediate resistance is located at 1.1093 (21-DMA), a break above targets 1.1116 (5-DMA). On the downside, support is seen at 1.1042, a break below could drag it below 1.1012.
USD/JPY: The dollar eased, extending previous session losses, after a senior official in U.S. President Donald Trump’s administration told Reuters the signing of the phase one trade deal could be delayed until December. The major was trading 0.3 percent down at 108.69, having hit a high of 109.25 on Tuesday, its highest since October 30. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. unemployment benefit claims, consumer credit and Fed Kaplan's speech. Immediate resistance is located at 109.28 (October 30 High), a break above targets 109.62 (May 31 High). On the downside, support is seen at 108.44, a break below could take it near at 108.24.
GBP/USD: Sterling declined to an over 1-week low as investors turned cautious ahead of a Bank of England meeting later in the day. The central bank's Monetary Policy Committee is expected to vote 9-0 to keep the Bank Rate at 0.75 percent, but markets are focused on how the BoE will respond to uncertainties posed by Britain’s exit from the European Union. The major traded 0.1 percent down at 1.2840, having hit a low of 1.2837 earlier, it’s lowest since October 29. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2949 (October 24 High), a break above could take it near 1.3000. On the downside, support is seen at 1.2806, a break below targets 1.2748. Against the euro, the pound was trading flat at 86.11 pence, having hit a high of 85.85 on Tuesday, it’s highest since October 22.
AUD/USD: The Australian dollar slumped to a 1-week low as investors remain nervous about the risks to the global outlook given the U.S.-China trade war show no signs of a quick resolution. The Aussie trades 0.3 percent down at 0.6867, having hit a low of 0.6861 earlier, it’s lowest since October 30. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6848, a break below targets 0.6821. On the upside, resistance is located at 0.6891, a break above could take it near 0.6912.
NZD/USD: The New Zealand dollar tumbled to a 1-week trough after a senior official of the Trump administration told Reuters a meeting between U.S. and Chinese leaders to sign an interim trade deal could be delayed until December as discussions continue over terms and venue. The Kiwi trades 0.3 percent down at 0.6347, having touched a low of 0.6346 earlier, its lowest level since October 30. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6380 (10-DMA), a break above could take it near 0.6406. On the downside, support is seen at 0.6333, a break below could drag it below 0.6300.
Asian shares edged lower from multi-month peaks as reports of delays in sealing a preliminary U.S.-China trade deal dented investor sentiment.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent.
Tokyo's Nikkei fell 0.2 percent to 23,285.04 points, Australia's S&P/ASX 200 index rallied 1.0 percent to 6,726.60 points and South Korea's KOSPI eased 0.2 percent to 2,140.71 points.
Shanghai composite index declined 0.2 percent to 2,972.88 points, while CSI 300 index traded 0.1 percent down at 3,982.10 points.
Hong Kong’s Hang Seng traded 0.4 percent lower at 27,593.69 points. Taiwan shares shed 0.4 percent to 11,608.21 points.
Crude oil prices declined after rising to multi-week peak in the previous session, amid worries that a long-awaited interim deal to dial back a crippling U.S.-China trade war could be delayed. International benchmark Brent crude was trading 0.1 percent down at $61.67 per barrel by 0439 GMT, having hit a high of $63.28 on Wednesday, its highest since September 24. U.S. West Texas Intermediate was trading 0.1 percent down at $56.31 a barrel, after rising as high as $57.81 on Wednesday, its highest since September 24.
Gold prices surged as investors maintained a cautious stance amid signs of a delay in Washington and Beijing signing a long-awaited interim trade deal. Spot gold was trading 0.1 percent up at $1,491.19 per ounce by 0444 GMT, having touched a low of $1,479.27 on Tuesday, its lowest since Oct. 16. while U.S. gold futures were flat at $1,492.9 per ounce.
The Australian government bond yields slumped during Asian session tracking a similar movement in the United States’ counterpart after temporary optimism over the U.S.-China trade deal faded. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, plunged 6 basis points to 1.211 percent, the yield on the long-term 30-year bond also slumped 6 basis points to 1.793 percent and the yield on short-term 2-year suffered 4 basis points at 0.869 percent.