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: Sterling edges higher on renewed Brexit deal hopes,European shares higher, Gold edges lower,Oil set for third week of gains on vaccine hopes-November 20th,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
Europe Roundup: Euro gains as investors await clear U.S. election verdict, European stocks dips, Gold steady, Oil falls as virus cases rise, U.S. vote count continues-November 6th,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
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
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
Europe Roundup: Euro gains on upbeat German export data, European stocks jump, Gold gains, Oil rises as Biden wins, OPEC+ signals deal can be tweaked-November 9th,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
America’s Roundup: U.S. dollar weakens for fifth day on vaccine optimism, Wall Street closes lower, Gold slips, Oil gains 1% on potential OPEC+ rethink and vaccine hopes-November 19th,2020
America’s Roundup:Dollar gains against yen as Pfizer vaccine news boosts risk appetite, Wall Street ends mixed, Gold plunges 5%, Oil soars 8% on promising COVID-19 vaccine results-November 10th,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
Europe Roundup:Euro little changed against dollar as vaccine cheers fades ,European shares gain, Gold little changed,Oil rises on hopes for delay to OPEC+ supply increase-November 18th,2020
America’s Roundup: Dollar hits three-week highs versus Japanese yen after vaccine news,Wall Street ends mixed, Gold gains,Oil gains nearly 3% on vaccine hopes, even as nations reimpose lockdowns-November 11th,2020
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
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: Aussie extends gains on risk-on trades, yen rallies as COVID-19 cases grow, Asian shares surge - Thursday, July 9th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index declined to a near 1-month trough as a rally in riskier assets dented safe-haven demand for the U.S. currency. The greenback against a basket of currencies traded 0.2 percent lower at 96.30, having touched a low of 96.24 earlier, its lowest since June 11.
EUR/USD: The euro rallied to a near 1-month peak after the European Central Bank Vice President Luis de Guindos said that the eurozone economy may have shrunk by less than the 13 percent forecast by the ECB in the three months to the end of June. The European currency traded 0.3 percent up at 1.1364, having touched a high of 1.1370 earlier, its highest since June 11. Investors’ attention will remain on a series of data from Eurozone economies, ahead of the U.S. wholesale inventories and unemployment benefits claims. Immediate resistance is located at 1.1403, a break above targets 1.1422. On the downside, support is seen at 1.1303, a break below could drag it below 1.1278 (5-DMA).
USD/JPY: The dollar eased to a 1-1/2 week low amid lingering worries about the spread of the coronavirus. Global coronavirus cases reached more than 12 million on Wednesday, with more than half a million dead. The major was trading 0.05 percent down at 107.24, having hit a low of 107.18 earlier, its lowest since June 29. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. wholesale inventories and unemployment benefit claims. Immediate resistance is located at 107.44, a break above targets 107.90. On the downside, support is seen at 107.04, a break below could take it near at 106.76.
GBP/USD: Sterling rallied to an over 3-week peak after Britain's finance minister promised an additional 30 billion pounds ($38 billion) to head off an unemployment crisis on Wednesday. The major traded 0.2 percent up at 1.2636, having hit a high of 1.2644 earlier, 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 1.2678, a break above could take it near 1.2691. On the downside, support is seen at 1.2571, a break below targets 1.2535. Against the euro, the pound was trading 0.05 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 rose, hovering towards a near 4-week peak hit earlier in the week, as investors shrug off diplomatic tension between Washington and Beijing to focus on China’s improving economy and its attractive technology sector. The major trades 0.1 percent up at 0.6987, 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 0.7020, a break above could take it near 0.7064. On the downside, support is seen at 0.6942 a break below targets 0.6904 (21-DMA).
Asian shares nudged higher as investors focused on the upcoming company earnings, hoping that global stimulus efforts will yield upbeat outlooks.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent.
Tokyo's Nikkei surged 0.4 percent to 22,529.29 points, Australia's S&P/ASX 200 index rallied 0.6 percent to 5,955.50 points. South Korea's KOSPI gained 0.6 percent to 2,172.56 points.
Shanghai composite index rose 1.1 percent to 3,439.41 points, while CSI 300 index traded 1.1 percent up at 4,826.33 points.
Hong Kong’s Hang Seng traded 0.05 percent lower at 26,120.53 points. Taiwan shares added 0.2 percent to 12,192.69 points.
Crude oil prices consolidated within narrow ranges as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand. International benchmark Brent crude was trading 0.05 percent down at $43.25 per barrel by 0532 GMT, having hit a high of $43.68 on Monday, its highest since June 23. U.S. West Texas Intermediate was trading 0.1 percent lower at $40.81 a barrel, after rising as high as $41.07 on Wednesday, its highest since June 23.
Gold prices steadied near a 9-year peak above the key $1,800/oz level as worries over mounting COVID-19 cases offset hopes of a swift global economic recovery. Spot gold was trading 0.2 percent higher at $1,812.40 per ounce by 0550 GMT, hovering towards a high of $1,818.09 on Wednesday, its highest since September 2011. U.S. gold futures were flat at $1,819.80.
The U.S. Treasury yields edged lower, with the benchmark 10-year note yield trading at 0.654 percent.