America’s Roundup: Dollar steadies from 2-year lows, Wall Street pauses, Gold retreats from record peak. Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
Europe Roundup: Euro's advance slows as risk sentiment falters, European shares slip,Gold retreats more than 1%, Oil prices slide as virus surge weighs on demand outlook-July 30th,2020
America’s Roundup: Dollar heads for steepest monthly drop in decade, Wall Street gains, Gold rises, Oil posts monthly gains as U.S. reports record output cuts in May-August 1st,2020
Asia Roundup: Aussie eases on U.S.-China tensions, greenback steadies as U.S. treasury yields resume rise, Asian shares consolidate - Monday, August 10th, 2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street closes lower, Gold retreats from record peak,Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
Asia Roundup: Dollar steadies near 2-year low as investors turn to Congress for stimulus, Asian shares surge, markets await EZ economic data - Thursday, July 30th, 2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
Asia Roundup: Aussie gains on upbeat economic data, dollar eases on recovery worries, Asian shares consolidate - Wednesday, August 5th, 2020
Asia Roundup: Dollar steadies across the board on U.S. stimulus hopes, gold eases from record peak on profit taking, Asian shares nudge higher - Tuesday, July 28th, 2020
Asia Roundup: Sterling at 5-month peak as BoE stands pat, dollar eases as investors fret over U.S. recovery, Asian shares subdued - Thursday, August 6th, 2020
America’s Roundup: Dollar hits two-year lows as Fed affirms dovish stance, Wall Street closes higher, Gold gains, Oil edges up after sharp U.S. crude inventory drop-July 30th,2020
Europe Roundup:Euro dips on renewed U.S.-Sino tensions, jobs data eyed, European stocks flat, Gold eases, Oil slips below $45 on demand concerns, set for weekly rise-August 7th,2020
Asia Roundup: Dollar slumps against yen as investors eye Fed policy meeting outcome, U.S. stimulus talks; Asian shares nudge lower - Wednesday, July 29th, 2020
Asia Roundup: Aussie off 6-month peak on RBA's downbeat economic assessment, greenback steadies near multi-month lows as traders await U.S. nonfarm payrolls, Asian shares ease on U.S.-China tensions - Friday, August 7th, 2020
Europe Roundup: Sterling rises ahead of UK data,, European shares gain, Gold eases, Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut-August 10th,2020
America’s Roundup: Dollar gains on upbeat manufacturing data,Wall Street jumps, Gold pulls back from record high, Oil rises more than 1% on hopes for economic recovery-August 4th,2020
Asia Roundup: Aussie eases as virus cases mount, gold steadies near more than 8-year high, Asian shares nudge lower - Wednesday, July 8th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased as Federal Reserve officials expressed concern that rising coronavirus cases could harm economic growth just as stimulus measures start to expire. The greenback against a basket of currencies traded 0.05 percent lower at 96.90, having touched a low of 96.57 on Monday, its lowest since June 24.
EUR/USD: The euro steadied after tumbling from a near 2-week peak in the prior session on the European Commission forecast that the eurozone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously expected, with France, Italy and Spain struggling the most due to the COVID-19 pandemic. The European currency traded 0.05 percent down at 1.1268, having touched a high of 1.1345 on Monday, its highest since June 23. Investors’ attention will remain on a series of data from Eurozone economies and ECB De Guindos speech, ahead of the U.S. consumer credit change. Immediate resistance is located at 1.1325, a break above targets 1.1372. On the downside, support is seen at 1.1247 (10-DMA), a break below could drag it below 1.1215.
USD/JPY: The dollar nudged higher, extending previous session gains after data showed U.S. hiring surged to a record high in May and layoffs fell as businesses reopened. The monthly Job Openings and Labor Turnover Survey showed hiring accelerated by 2.4 million jobs to 6.5 million, the highest since the government started tracking the series in 2000, while the hiring rate jumped to an all-time high of 4.9 percent from 3.1 percent in April. The major was trading 0.05 percent up at 107.55, having hit a low of 107.24 on Tuesday, its lowest since June 29. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. consumer credit change. Immediate resistance is located at 107.90, a break above targets 108.20. On the downside, support is seen at 107.10, a break below could take it near at 106.73.
GBP/USD: Sterling surged, extending gains for the fourth straight session, as traders awaited British finance minister Rishi Sunak’s announcement later in the day of his next moves to prevent a wave of job cuts from damaging an already weakened economy. The major traded 0.1 percent up at 1.2553, having hit a high of 1.2593 on Tuesday, it’s highest since June 16. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2634, a break above could take it near 1.2687. On the downside, support is seen at 1.2507, a break below targets 1.2463. Against the euro, the pound was trading 0.1 percent up at 89.80 pence, having hit a high of 89.67 on Tuesday, it’s highest since June 18.
AUD/USD: The Australian dollar declined, extending previous session losses, as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries weakened risk sentiment. The major trades 0.1 percent down at 0.6934, having hit a high of 0.6997 on Tuesday, it’s highest since June 11. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6974, a break above could take it near 0.6997. On the downside, support is seen at 0.6908 (10-DMA) a break below targets 0.6877.
Asian shares eased as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery.
MSCI's broadest index of Asia-Pacific shares outside Japan traded edged 0.1 percent lower.
Tokyo's Nikkei fell 0.7 percent to 22,438.65 points, Australia's S&P/ASX 200 index eased 1.5 percent to 5,920.30 points. South Korea's KOSPI declined 0.2 percent to 2,158.88 points.
Shanghai composite index rose 1.7 percent to 3,403.32 points, while CSI 300 index traded 1.6 percent up at 4,773.03 points.
Hong Kong’s Hang Seng traded 0.4 percent higher at 26,069.32 points. Taiwan shares added 0.6 percent to 12,170.19 points.
Crude oil prices declined as industry data showing a build in U.S. crude stockpiles and a forecast for U.S. crude output to fall less than anticipated in 2020 added to worries about oversupply. International benchmark Brent crude was trading 0.05 percent down at $42.94 per barrel by 0542 GMT, having hit a high of $43.68 on Monday, its highest since June 23. U.S. West Texas Intermediate was trading 0.05 percent lower at $40.40 a barrel, after rising as high as $41.06 on Monday, its highest since June 23.
Gold prices steadied near a more than 8-year high, as worries over surging COVID-19 cases and hopes of more stimulus measures from the U.S. Federal Reserve boosted the safe-haven metal's demand. Spot gold was trading flat at $1,794.46 per ounce by 0548 GMT, hovering towards a high of $1,797.41 on Tuesday, its highest since November 2011. U.S. gold futures eased 0.2 percent to $1,805.70.
The U.S. Treasury yields edged higher, with the benchmark 10-year note yield trading at 0.648 percent.