America’s Roundup: Dollar weakens on rising coronavirus case numbers, Wall Street closes lower, Gold range-bound, Oil steady as pandemic lockdown worries offset vaccine hopes-November 18th,2020
America’s Roundup: Dollar flat, euro bumps higher as sentiment see-saws, Wall Street drops, Gold rises 1%, Oil falls on coronavirus surge, unexpected U.S. crude stockpile rise-November 13th,2020
America’s Roundup: Dollar gains in tug-of-war between vaccine, rising virus cases, Wall Street closes lower, Gold firms, Oil rises about 1%, posts third week of gains on vaccine hopes-November 21st 2020
Asia Roundup: Kiwi rallies as RBNZ unveils new lending scheme, dollar eases against yen amid concerns over rising virus cases, Asian shares surge as vaccine hopes offset second-wave worries- Wednesday, November 11th, 2020
Europe Roundup:Euro gains on optimism over another coronavirus vaccine, European shares slip, Gold dips, Oil prices rise on possible OPEC+ supply action, vaccine hopes-November 17th,2020
America’s Roundup: Dollar rises again as markets adjust to vaccine hope and higher yields, Wall Street ends mixed, Gold inches up, Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown-November 12th,2020
America’s Roundup: Dollar slips to two-month low, Wall Street rally, Gold trends higher, Oil falls 4% as U.S. vote count continues, coronavirus cases rise-November 7th,2020
Europe Roundup: Euro eases on rising on COVID-19 count, European stocks slide, Gold slips, Oil prices dip as COVID-19 cases outweigh vaccine optimism-November 19th,2020
Asia Roundup: Kiwi at 1-1/2 month peak as Q4 inflation expectations accelerate, greenback steadies amid U.S. election concerns, Asian shares at near 3-year peak - Friday, November 6th, 2020
Asia Roundup: Antipodeans ease on risk aversion, yen gains as virus spread accelerates, Asian shares slump - Friday, November 13th, 2020
America’s Roundup: Dollar index drops as boost from vaccine eases, Wall Street rises, Gold gains, Oil falls on rising Libya output, coronavirus surge-November 14th,2020
Europe Roundup: Sterling down as Britain's economy struggles to maintain recovery ,European shares fall, Gold edges higher, Oil keeps climbing on hopes OPEC+ will hold back supply as COVID-19 cases rise-November 12th,2020
Asia Roundup: Kiwi at 20-month peak as negative rate speculations ease, yen gains as investors adjust vaccine expectations, Asian shares surge - Thursday, November 20th, 2020
Europe Roundup:Euro gains on vaccine cheer, European shares gain, Gold slips, Oil prices rise on back of COVID vaccine news-November 23rd,2020
Europe Roundup: Euro gains as ECB's cautious optimism on vaccine supports single currency, European shares edged lower ,Gold steady, Oil falls on COVID-19 surge but on track for weekly gain-November 13th,2020
America’s Roundup: Dollar little changed by optimistic news on another COVID vaccine, Wall Street gains, Gold slides 1%, Oil settles higher boosted by latest COVID-19 vaccine progress-November 17th,2020
Asia Roundup: Aussie at 1-week peak on Trump's assurance over U.S.-China trade pact, dollar gains as traders speculate pandemic recovery, Asian shares rebound - Tuesday, June 23rd, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index surged after U.S. President Donald Trump stated that the Phase 1 trade deal struck with China in January was fully intact, quelling market concerns that Washington may be dumping the agreement. The greenback against a basket of currencies traded 0.1 percent up at 97.10, having touched a high of 97.74 on Monday, its highest since June 2.
EUR/USD: The euro rose to a near 1-week peak, as data released earlier showed Eurozone consumer confidence rose more than expected in June, as governments gradually eased lockdown restrictions imposed in March against the COVID-19 pandemic. The European currency traded 0.05 percent up at 1.1264, having touched a low of 1.1168 on Friday, its lowest since June 3. Investors’ attention will remain on a series of data from Eurozone economies, EZ Markit manufacturing and service PMI, ahead of U.S. new home sales, Richmond Fed Manufacturing Index, Markit manufacturing and service PMI. Immediate resistance is located at 1.1319, a break above targets 1.1353. On the downside, support is seen at 1.1202 (21-DMA), a break below could drag it below 1.1168.
USD/JPY: The dollar surged to a near 1-week high as investors focused on the prospect for an eventual economic recovery from the coronavirus pandemic. Recent strong economic data boosted hopes the economy will bounce back quickly from business shutdowns to halt the spread of the virus. The major was trading 0.2 percent up at 107.12, having hit a low of 106.66 on Thursday, its lowest since June 12. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. new home sales, Richmond Fed Manufacturing Index, Markit manufacturing and service PMI. Immediate resistance is located at 107.33, a break above targets 107.64. On the downside, support is seen at 106.57, a break below could take it near at 105.99.
GBP/USD: Sterling nudged lower, reversing some of its previous session gains amid growing concerns over a Brexit trade deal. Britain has until the end of the year to sign a new trade agreement with the European Union, when the transition period following its exit from the bloc comes to an end. The major traded 0.2 percent down at 1.2448, having hit a low of 1.2335 on Monday, it’s lowest since June 1. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2557 (10-DMA), a break above could take it near 1.2588. On the downside, support is seen at 1.2401, a break below targets 1.2348. Against the euro, the pound was trading 0.2 percent down at 90.41 pence, having hit a low of 90.72 on Friday, it’s highest since March 27.
AUD/USD: The Australian dollar rallied to a 1-week peak after White House trade adviser Peter Navarro said his comments that the trade deal with China was over were taken out of context. The Aussie trades 0.05 percent up at 0.6915, having hit a high of 0.6935 earlier, it’s highest since June 16. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6965, a break above could take it near 0.7012. On the downside, support is seen at 0.6839 (21-DMA) a break below targets 0.6799.
Asian shares surged after U.S. President Donald Trump provided assurance that the U.S.-China trade pact was fully intact.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.6 percent.
Tokyo's Nikkei gained 0.5 percent to 22,548.86 points, Australia's S&P/ASX 200 index surged 0.2 percent to 5,954.40 points. South Korea's KOSPI rallied 0.3 percent to 2,132.57 points.
Shanghai composite index rose 0.05 percent to 2,966.72 points, while CSI 300 index traded 0.2 percent up at 4,111.48 points.
Hong Kong’s Hang Seng traded 0.9 percent higher at 24,728.12 points. Taiwan shares added 0.3 percent to 11,612.36 points.
Crude oil prices steadied, amid more signs of fuel demand picking up after the depths of the coronavirus pandemic as major crude producers continue to stick to supply cuts. International benchmark Brent crude was trading 0.1 percent higher at $43.03 per barrel by 0526 GMT, having hit a high of $43.24 earlier, its highest since June 8. U.S. West Texas Intermediate was trading 0.05 percent up at $40.58 a barrel, after rising as high as $41.21 earlier, its highest since March 9.
Gold prices nudged up after recording a more than 1-month high in the previous session, as coronavirus cases around the world surged and nervous investors sought the safety of safe-haven assets. Spot gold was trading 0.05 percent up to $1,755.00 per ounce by 0530 GMT, having touched a high of $1,763.30 on Monday, its highest since May 18. U.S. gold futures edged 0.2 percent higher to $1,770.10 per ounce.
On Monday, the benchmark U.S. 10-year yield was up 1.1 basis points at 0.7102 percent, the 2-year U.S. Treasury yield was up less than a basis point at 0.1957 percent.