Europe Roundup: Sterling nears three-week highs against dollar,European stocks ease from one-month highs, Gold retreats from multi-year peak, Oil down as U.S. virus spike stokes demand worries-July 7th,2020
Europe roundup: Sterling gains as dollar sags, investors eye month-end for trade deal, European stocks surge,Gold steadies off 8-year high, Oil prices gain on fall in U.S. crude stockpiles-July 2nd 2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
Asia Roundup: Aussie extends gains on risk-on trades, yen rallies as COVID-19 cases grow, Asian shares surge - Thursday, July 9th, 2020
Europe Roundup: Euro dips as grim data keeps euro under pressure, European shares edge lower, Gold hovers close eight years high, Oil prices drop on prospect of returning Libyan supplies-June 30th,2020
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
Europe Roundup: Euro dips against dollar as coronavirus anxiety deepens, European stocks gain, Gold set for fifth weekly gain, Oil dips, heading for weekly loss as virus cases rise-July 10th,2020
America’s Roundup: U.S. dollar slides as vaccine news offsets surge in virus cases, Wall Street gains, Gold poised for fifth weekly gain, Oil rises as International Energy Agency boosts demand forecast-July 11th,2020
America’s Roundup: Dollar edges lower amid uncertain U.S. outlook, Wall Street gains,Gold gains, Oil slips slightly on rising coronavirus cases, returning Libyan supplies-1st July 2020
America’s Roundup: Dollar climbs from four-week low as U.S. stocks decline, Wall Street dips, Gold slips after nine-year high, Oil slips on fears rising COVID-19 cases to clip demand-July 10th,2020
Asia Roundup: Aussie retreats from near 4-week peak on fresh lockdowns, dollar rebounds against yen on upbeat service sector data, Asian shares plunge - Tuesday, July 7th, 2020
America’s Roundup: Dollar turns higher as focus turns to surging coronavirus cases, Wall Street jumps, Gold gains, Oil up more than 2% on U.S. jobs data but virus fears cap gains-July 3rd 2020
Europe Roundup: Euro dips lower against dollar as markets balanced hopes for a global economic recovery, European stocks dips,Gold hits 8-year peak.Oil rises on manufacturing data, U.S. inventories-July 1st 2020
America’s Roundup: Dollar recovers some overnight losses , Wall Street gains,Gold steadies near multi-year peak, Oil rises on improving economic data but virus case jump caps gains-June 30th,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
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rebounded from an 11-week low, as U.S. services industry activity pushed off an 11-year low in May. The greenback against a basket of currencies traded 0.2 percent up at 97.51, having touched a low of 97.19 on Wednesday, its lowest since March 12.
EUR/USD: The euro declined, halting an 8-day winning streak as a contraction in May economic activity based on the PMIs and the increase in the jobless rate dented investor sentiment. On Wednesday, the major rallied to a 2-1/2 month peak on expectations the European Central Bank would increase its pandemic-related bond purchases later in the day to shore up the coronavirus-stricken economy. The European currency traded 0.1 percent down at 1.1218, having touched a high of 1.1257 the day before, its highest since March 12. Investors’ attention will remain on a series of data from Eurozone economies, EZ retail sales, and ECB interest rate decision, ahead of the U.S. trade balance, nonfarm productivity, unit labor costs and unemployment benefit claims figures. Immediate resistance is located at 1.1285, a break above targets 1.1310. On the downside, support is seen at 1.1189, a break below could drag it below 1.1142 (5-DMA).
USD/JPY: The dollar surged to a near 2-month high on signs of an economic rebound from a coronavirus-led slump. Data released on Wednesday showed U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen. The major was trading 0.1 percent up at 109.02, having hit a high of 109.10 earlier, its highest since April 7. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. trade balance, nonfarm productivity, unit labor costs and unemployment benefit claims figures. Immediate resistance is located at 109.40, a break above targets 109.70. On the downside, support is seen at 108.39, a break below could take it near at 108.10 (5-DMA).
GBP/USD: Sterling eased from an over 1-month peak hit in the previous session, after a Reuters poll showed that the British pound will give up its recent gains against the dollar if Britain does not ask for an extension to its Brexit transition period by a June 30 deadline to allow more time for talks on a trade deal with the EU. The major traded 0.3 percent down at 1.2541, having hit a high of 1.2615 on Wednesday, it’s highest since April 30. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2643, a break above could take it near 1.2706. On the downside, support is seen at 1.2455 (5-DMA), a break below targets 1.2405. Against the euro, the pound was trading 0.2 percent down at 89.46 pence, having hit a low of 90.54 on Friday, it’s lowest since March 27.
AUD/USD: The Australian dollar nudged lower after rallying to a 4-month high the day before on optimism over the reopening of economies around the world. The Aussie trades 0.1 percent down at 0.6909, having hit a high of 0.6982 on Wednesday, it’s highest since Jan 3. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6991, a break above could take it near 0.7031. On the downside, support is seen at 0.6837, a break below targets 0.6782.
Asian shares rallied to a 2-month high as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic.
MSCI's broadest index of Asia-Pacific shares outside Japan surged 0.4 percent.
Tokyo's Nikkei rallied 0.4 percent to 22,709.83 points, Australia's S&P/ASX 200 index surged 0.8 percent to 5,991.80 points. South Korea's KOSPI jumped 0.1 percent to 2,149.50 points.
Shanghai composite index eased 0.1 percent to 2,919.86 points, while CSI 300 index traded 0.05 percent up at 3,983.93 points.
Hong Kong’s Hang Seng traded 0.05 percent higher at 24,334.01 points. Taiwan shares added 0.7 percent to 11,393.23 points.
Crude oil prices declined, extending previous session losses, on concern over whether major crude producers will be able to agree to extend record output cuts, heightened by worries over a huge build in U.S. distillate inventories. International benchmark Brent crude was trading 0.5 percent lower at $39.17 per barrel by 0533 GMT, having hit a high of $40.51 on Wednesday, its highest since March 9. U.S. West Texas Intermediate was trading 0.6 percent down at $36.50 a barrel, after rising as high as $38.15 on Wednesday, its highest since March 9.
Gold prices rebounded from a 4-week low hit in the prior session as lingering political tensions and a weaker dollar boosted safe-haven demand. Spot gold surged 0.3 percent to $1,702.44 per ounce by 0537 GMT, having touched a low of $1,689.58 on Wednesday, its lowest since May 7. U.S. gold futures were flat at $1,704.90.
On Wednesday, the yield on the benchmark U.S. 10-year note was up 8.6 basis points at 0.7656 percent, its highest level since April. The two-year U.S. Treasury yield was up 3.2 basis points at 0.1998 percent.