Asia Roundup: Kiwi plunges to 1-1/2 week low on negative rate speculation, dollar gains against yen on U.S. stimulus hopes, Asian shares surge - Thursday, October 8th, 2020
Europe Roundup: Euro dips on fading U.S. stimulus hopes, virus concerns, Europe shares tumbles 2%, Gold falls, Oil slips as new lockdown measures threaten demand recovery-October 15th,2020
Asia Roundup: Aussie rises as consumer sentiment improves, greenback hold gains amid renewed concerns over coronavirus vaccine, Asian shares plunge - Wednesday, October 14th, 2020
Europe Roundup: Sterling edges up ahead of UK decision on Brexit negotiations,European stocks gain,Gold edges up,Oil slides on COVID-19 resurgence-October 16th,2020
Asia Roundup: Antipodeans set for weekly losses, greenback steadies as pandemic recovery stalls, Asian shares slump - Friday, October 16th, 2020
America’s Roundup: Dollar slips as investors eye Biden presidency, Wall Street finishes up, Gold jumps 1%,Oil prices slip over 1% after Norway oil worker strike ends-October 10th,2020
Europe Roundup: Sterling holds above $1.30 ahead of new lockdown measures ,European shares gains ,Gold slips from three-week high, Oil prices fall as supply concerns ease-October 12th,2020
Europe Roundup: Sterling edges lower as Brexit negotiations continue, European shares dips,Gold steadies, Oil rebounds as strong China trade data offsets supply concerns-October 13th,2020
Europe Roundup: Euro rises on softer dollar, U.S. stimulus hopes, European stocks rise, Gold rises,Oil prices head for 10% weekly jump on North America, Norway outages-October 9th,2020
Asia Roundup: Aussie at 3-week low as RBA minutes confirm rate cut on Nov. 3, greenback steadies amid caution over U.S. coronavirus aid, Asian shares slump - Tuesday, October 20th, 2020
Europe Roundup: Sterling bounces on hope of further Brexit talks, European shares dip, Gold gains, Oil prices ease as coronavirus spike stokes demand concerns-October 14th,2020
Asia Roundup: Kiwi steadies on mixed economic data, dollar halts 2-day losing streak against yen as investors eye U.S. stimulus, Asian shares plunge - Tuesday, October 13th, 2020
America’s Roundup: Euro gains as risk mood sours,European stocks flat , Gold gains, Oil prices fall on U.S. stimulus impasse, rising U.S. crude stockpiles-October 7th,2020
Europe Roundup: Sterling edges up as Brexit mood brightens ,European shares gains, Gold firms ,Oil rises above $42 on supply losses, U.S. stimulus hopes-October 8th,2020
America’s Roundup: Dollar holds gains on safety bid as uncertainty grows on several fronts, Wall Street closes lower, Gold steady, Oil rises nearly 2% as robust China trade data offsets returning supply-October 14th,2020
Asia Roundup: Aussie declines as consumer inflation expectations ease, euro rebounds on improving economic outlook hopes, investors eye ECB policy decision - Thursday, September 10th. 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index slumped, weighed down by the U.S. Federal Reserve's strategy shift to a more tolerant stance on inflation. Markets await the U.S. central bank's two-day meeting set next week for further insights on the monetary policy outlook. The greenback against a basket of currencies traded 0.2 percent down at 93.07, having touched a high of 93.66 on Wednesday, its highest since August 12.
EUR/USD: The euro rose, retreating from a near 1-month low hit in the prior session, after Bloomberg News reported that European Central Bank officials are growing more confident in the block's economic outlook. The ECB is all but certain to keep policy unchanged later in the day but investors will gauge policymakers views on euro's recent rally and its impact on inflation and economic growth. The European currency traded 0.1 percent higher at 1.1819, having touched a low of 1.1752 on Wednesday, its lowest since August 12. Investors’ attention will remain on a series of data from the Eurozone economies and ECB interest rate decision, ahead of the U.S. producer price index, unemployment benefit claims, and wholesale inventories. Immediate resistance is located at 1.1850 (10-DMA), a break above targets 1.1882. On the downside, support is seen at 1.1772, a break below could drag it below 1.1752.
USD/JPY: The dollar nudged lower as foreign exchange traders attention shifted on the European Central Bank's meeting later in the day for further cues on the monetary policy outlook. Moreover, resurgence of coronavirus infections in several countries further dented risk sentiment. The major was trading 0.05 percent lower at 106.12, having hit a low of 105.78 Wednesday, its lowest since September 1. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. producer price index, unemployment benefit claims, and wholesale inventories. Immediate resistance is located at 106.50, a break above targets 106.70. On the downside, support is seen at 105.87, a break below could take it near at 105.60.
GBP/USD: Sterling consolidated above a 6-week low recorded in the prior session, as investors remained on the sidelines on growing concerns that Britain and the European Union will fail to agree a trade deal. The major traded flat at 1.3000, having hit a low of 1.2885 on Wednesday, it’s lowest since July 28. Investors’ attention will remain on the geopolitical developments, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3053, a break above could take it near 1.3083. On the downside, support is seen at 1.2944, a break below targets 1.2911. Against the euro, the pound was trading 0.2 percent down at 90.93 pence, having hit a low of 91.30 the day before, it’s lowest since July 28.
AUD/USD: The Australian dollar declined amid concerns over worsening diplomatic ties with China over the treatment of the two Australian journalists. The Australian Financial Review's Michael Smith and Bill Birtles from the ABC were rushed out of China this week, having sheltered in Australian diplomatic premises for several days following visits from Chinese state security officers to their homes. Moreover, the bid tone around the major further weakened after data showed the Australia's consumer inflation expectations eased to 3.1 percent in September, compared to 3.3 percent in the prior month. The Aussie trades 0.1 percent down at 0.7278, having hit a low of 0.7191 on Wednesday, it’s lowest since August 26. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.7310, a break above could take it near 0.7327. On the downside, support is seen at 0.7242 (21-DMA), a break below targets 0.7215.
NZD/USD: The New Zealand dollar surged, extending previous session rebound as the greenback weakened against a basket of currencies. Moreover, Kiwi bulls continued to digest yesterday's NZ upbeat data that showed the ANZ Business Confidence Index improved from -41.8 in August to -26 in September's advanced estimate, while the ANZ Activity Outlook Index recovered to -8.9 percent from -17.5 percent. The Kiwi trades 0.1 percent higher at 0.6687, having touched a low of 0.6601 on Wednesday, its lowest level since August 27. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6715, a break above could take it near 0.6740. On the downside, support is seen at 0.6641, a break below could drag it below 0.6614.
Asian shares surged following a bounce on Wall Street, while investors awaited the ECB policy decision followed by a news conference from President Christine Lagarde.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent.
Tokyo's Nikkei surged 0.9 percent to 23,232.86 points, Australia's S&P/ASX 200 index rallied 0.5 percent to 5,908.50 points. South Korea's KOSPI gained 1.3 percent to 2,405.89 points.
Shanghai composite index rose 0.2 percent to 3,260.74 points, while CSI 300 index traded 0.7 percent up at 4,617.00 points.
Hong Kong’s Hang Seng traded 0.2 percent lower at 24,515.68 points. Taiwan shares added 0.7 percent to 12,691.75 points.
Crude oil prices surged, extending previous session rebound as investors awaited a meeting on September 17 of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia. International benchmark Brent crude was trading 0.2 percent up at $40.62 per barrel by 0449 GMT, having hit a low of $39.29 on Tuesday, its lowest since June 16. U.S. West Texas Intermediate was trading 0.1 percent higher at $37.81 a barrel, after falling as low as $36.15 on Tuesday, its lowest since June 15.
Gold prices held firm near a 1-week peak hit in the prior session as the dollar weakened, while markets await the European Central Bank's monetary policy decision due later in the day. Spot gold was trading 0.05 percent up at $1,946.70 per ounce by 0456 GMT, having hit a low of $1906.62 on Tuesday, its lowest since August 12. U.S. gold futures fell 0.1 percent to $1,953.50.
The U.S. Treasury yields declined, with the benchmark 10-year note yield trading at 0.697 percent.