Europe Roundup: Sterling off 5-month highs as investors await Brexit talks, euro tumbles as EZ inflation eases more than expected, markets eye U.S. retail sales - October 16th, 2019
Europe Roundup: Sterling eases on Brexit concerns, dollar gains against yen on U.S.-China trade deal hopes, European shares surge - Wednesday, October 9th, 2019
Europe Roundup: Sterling steadies near 5-month peak, euro rallies as EZ current account surplus widens, European shares plunge - Friday, October 18th, 2019
America’s Roundup: Dollar weak as Brexit deal boosts euro, sterling, Wall Street dips, Gold dips, Oil falls as China economic concerns outweigh rising refinery runs-October 11th, 2019
Asia Roundup: Antipodeans rally on U.S.-China trade talks hopes, greenback at multi-week lows as soft CPI figures support Fed rate cut speculation, investors eye EBC Draghi’s speech - Friday, October 11th, 2019
America's Roundup: Dollar drops to more than one-month low ,Wall Street gains, Gold rises, Oil falls, fanned by inventory rise and global demand worries-October 18th,2019
Americas Roundup: Dollar slides on hopes of Brexit, U.S.-China trade deals, Wall Street jumps ,Gold slides, Oil rises 2% after reports of Iranian tanker attack-October 12th,2019
Asia Roundup: Kiwi steadies as RBNZ rate cut concerns ease, yen rallies amid caution over U.S.-China trade talks, Asian shares surge - Monday, October 7th, 2019
Europe Roundup: Sterling rallies as UK-EU agree on new Brexit deal, dollar rallies against yen amid developments on U.S.-China trade talks, European shares surge - Thursday, October 17th, 2019
America's Roundup: Dollar slips as data disappoints,Wall Street slips, Gold stedies,Oil rises 1% on hopes OPEC will extend supply cuts-October 17th,2019
Asia Roundup: Aussie gains on upbeat jobs data, greenback rebounds on U.S. Treasury Secretary Steven Mnuchin's comments, Asian shares surge - Thursday, October 17th, 2019
Asia Roundup: Kiwi rallies on upbeat economic data, dollar gains against yen ahead of U.S.-China trade talks, Asian shares nudge higher - Tuesday, October 8th, 2019
America's Roundup: Dollar slips as U.S. jobs-inspired rally fizzles, Wall Street rise, Gold gains, Oil settles up-October 5th,2019
Europe Roundup: Sterling at 3-month peak on Brexit deal hopes, dollar rallies against yen as investors eye U.S.-China trade talk outcome, European shares surge - Friday, October 11th, 2019
America’s Roundup: Dollar flat after FOMC meeting minutes,Wall Street advances, Gold little changed, Oil rises on signs of warming U.S.-China tensions-Oct 10th,2019
Europe Roundup: Sterling at 1-week low amid prevailing no-deal Brexit fears, euro gains on better-than-expected German industrial data, European shares plunge - Tuesday, October 8th, 2019
Asia Roundup: Antipodeans rally as China signals more stimulus, greenback eases on Fed's dovish stance, investors eye Brexit parliamentary vote - Tuesday, January 15th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased amid growing worries over the U.S. economy losing steam, which will likely keep the Fed from tightening monetary policy further this year. The greenback against a basket of currencies trades 0.05 percent down at 95.56, having touched a low of 95.03 on Thursday, its lowest since Oct. 16. FxWirePro's Hourly Dollar Strength Index stood at -1.82 (Neutral) by 0400 GMT.
EUR/USD: The euro surged, as the greenback extended previous session losses, amid heightened expectations the Federal Reserve will hold off on raising rates this year. The European currency traded 0.1 percent up at 1.1478, having touched a high of 1.1569 on Thursday, its highest since Oct. 17. FxWirePro's Hourly Euro Strength Index stood at -17.22 (Neutral) by 0400 GMT. Investors’ attention will remain on a series of data from the Eurozone economies and EZ trade balance, ahead of the U.S. producer price index. Immediate resistance is located at 1.1500 (November 7 High), a break above targets 1.1599 (October 11 High). On the downside, support is seen at 1.1439 (January 9 Low), a break below could drag it till 1.1411 (Jan. 8 Low).
USD/JPY: The dollar rallied to a near 1-week peak as a fresh round of commitments from Chinese policymakers to stimulate their economy through fiscal and monetary steps underpinned investor sentiment. The major was trading 0.5 percent up at 108.71, having hit a low of 107.77 earlier in the month, its lowest since Jan 4. FxWirePro's Hourly Yen Strength Index stood at -175.86 (Highly Bearish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. producer price index. Immediate resistance is located at 109.08 (January 8 High), a break above targets 109.46 (April 26 High). On the downside, support is seen at 107.65 (April 23 Low), a break below could take it lower 107.35 (April 20 Low).
GBP/USD: Sterling rose, extending gains for the third straight session, after a report, subsequently denied that a pro-Brexit faction of lawmakers could support Prime Minister Theresa May's Brexit deal in parliament. The major traded 0.4 percent up at 1.2908, having hit a high of 1.2929 on Monday; it’s highest since November 15. FxWirePro's Hourly Sterling Strength Index stood at 125.09 (Highly Bullish) 0400 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2946 (November 12 High), a break above could take it near 1.3030 (November 15 High). On the downside, support is seen at 1.2827 (November 12 Low), a break below targets 1.2723 (November 15 Low). Against the euro, the pound was trading 0.2 percent up at 88.92 pence, having hit a high of 88.75 on Monday, it’s lowest since December 5.
AUD/USD: The Australian dollar steadied above the 0.7200 handle, as Beijing signalled more supportive measures to stabilize a slowing economy. The Aussie trades 0.3 percent up at 0.7215, having hit a high of 0.7235 on Friday; it’s highest since December 13. FxWirePro's Hourly Aussie Strength Index stood at 58.28 (Bullish) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7116 (January 8 Low), a break below targets 0.7085 (December 20 Low). On the upside, resistance is located at 0.7246 (December 13 High), a break above could take it near 0.7273 (December 6 High).
NZD/USD: The New Zealand dollar advanced to a 1-month peak after China's state planner stated that it will aim to achieve a good start in the first quarter for the economy, indicating more growth-boosting steps. The Kiwi trades 0.4 percent up at 0.6845, having touched a high of 0.6847, its highest level December 19. FxWirePro's Hourly Kiwi Strength Index was at 133.03 (Highly Bullish) by 0400 GMT. Immediate resistance is located at 0.6862 (Nov.14 High), a break above could take it near 0.6911 (Dec. 11 High). On the downside, support is seen at 0.6777 (Dec. 14 Low), a break below could drag it below 0.6726 (Jan. 7 Low).
Asian shares rebounded, as the Chinese shares surged on expectations of more government policy measures to prop-up a slowing economy.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent,.
Tokyo's Nikkei rallied 0.8 percent to 20,527.46 points, Australia's S&P/ASX 200 index gained 0.6 percent to 5,811.50 points and South Korea's KOSPI surged 1.4 percent to 2,093.35 points.
Shanghai composite index rose 0.9 percent to 2,560.17 points, while CSI300 index traded 1.5 percent up at 3,112.32 points.
Hong Kong’s Hang Seng traded 1.7 percent higher at 26,746.57 points. Taiwan shares added 0.6 percent to 9,764.75 points.
Crude oil prices rebounded from a 5-day low, amid supply cuts led by producer cartel OPEC and Russia, however, a darkening economic outlook limited gains. International benchmark Brent crude was trading 0.7 percent up at $59.65 per barrel by 0453 GMT, having hit a high of $62.46 on Friday, its highest since December 7. U.S. West Texas Intermediate was trading 0.6 percent higher at $51.07 a barrel, after rising as high as $53.29 on Friday, its highest since the December 7.
Gold prices consolidated within narrow ranges, supported by market expectations of fewer interest rate hikes in the year by the U.S. Federal Reserve. Spot gold traded flat at $1,291.14 per ounce at 0456 GMT, having touched a high of $1,298.42 earlier in the month, its highest level since June 15. U.S. gold futures were unchanged at $1,291.4 an ounce.
The Japanese government bonds remained mixed on the second trading day of the week amid a quiet session ahead of the country’s national consumer price inflation (CPI) data and Bank of Japan (BoJ) Governor Kuroda’s speech, both scheduled to for later in the week for further direction in the debt market. The yield on the benchmark 10-year JGB note, which moves inversely to its price, rose 1 basis point to -0.011 percent, the yield on the long-term 30-year note hovered around 0.705 percent and the yield on short-term 2-year slumped 15 basis points to -0.149 percent.
The Australian government bond yields climbed across the curve during the Asian trading session as risk sentiment improved and Wall Street shares trimmed previous losses. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, rose 2 basis points to 2.289 percent, the yield on the long-term 30-year bond also jumped 2 basis points to 2.837 percent and the yield on short-term 2-year up 1 basis point to 1.877 percent.
The Canadian government bond prices were mixed across the yield curve, with the two-year up 1 Canadian cent to yield 1.886 percent and the 10-year falling 5 Canadian cents to yield 1.965 percent.