Asia Roundup: Kiwi at 4-month peak, dollar steadies against yen on trade deal optimism; Asian shares rally - Friday, December 6th, 2019
Asia Roundup: Antipodeans ease on prospects of U.S. tariffs, greenback rallies on strong U.S. jobs data, Asian shares surge - Monday, December 9th, 2019
Europe Roundup: Sterling gains on Conservative Party victory expectations, euro rallies as EZ investor sentiment improve, European shares slump - Tuesday, December 10th, 2019
Europe Roundup: Sterling gains following YouGov poll, euro rebounds as Eurozone sentiment improves, European shares tumble - Thursday, November 28th, 2019
Europe Roundup: Sterling at 7-month peak as investors speculate on Conservative majority, euro tumbles as German services sector growth weakens, investors eye U.S. service PMI - Wednesday, December 4th, 2019
Europe Roundup: Sterling at 8-month peak on expectations of Conservative win in UK election, euro steadies as EZ investor morale improves, European shares tumble - Monday, December 9th, 2019
Europe Roundup: Sterling poised for best week since mid-October, euro off highs as German industry output declines, investors eye U.S. nonfarm payroll - Friday, December 6th, 2019
Asia Roundup: Aussie rallies as RBA stands pat, greenback eases following weak U.S. manufacturing data, Asian shares plunge on Trump's Latin American tariffs - Tuesday, December 3rd, 2019
Asia Roundup: Kiwi gains as business sentiment improves, dollar off highs against yen after Trump signs Hong Kong protest bill, Asian shares tumble - Thursday, November 28th, 2019
America’s Roundup: Dollar firms above 1-month lows on trade tensions, Wall Street bounces, Gold retreats, Oil jumps 4% on U.S. stockpiles drop-December 5th,2019
Europe Roundup: Sterling eases below 1.2900 as probability of a hung parliament increases, euro tumbles as EZ factory activity declines, investors eye ECB President Lagarde's speech - Monday, December 2nd, 2019
America's Roundup: Dollar gains after stronger-than-expected U.S. jobs report, Gold slips 1%,Wall Street climbs ,Oil rises sharply this week as OPEC+ agrees on deeper output cuts-December 7th,2019
Asia Roundup: Euro gains ahead of EZ flash CPI, greenback firm near 2-week peak as upbeat U.S. data trims Fed cut bets, Asian shares plunge - Friday, November 29th, 2019
Europe Roundup: Sterling gains as poll shows Conservative lead, Swiss franc at 1-1/2 month low on trade deal optimism, European shares at 4-year peak - Wednesday, November 27th, 2019
Europe Roundup: Sterling at 6-week peak as poll show Conservative lead widening, euro tumbles as EZ PPI eases, European shares plunge on trade tariffs - Tuesday, December 3rd, 2019
Asia Roundup: Antipodeans surge, dollar rallies against yen on upbeat Chinese factory activity, Asia shares advance - Monday, December 2nd, 2019
Asia Roundup: Aussie falls in early Asia as retail sales data misses expectations, Asian markets noticeably up, gold trades flat at $1,511 mark - Monday, November 04, 2019
Economic Data Ahead
Key Events Ahead
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.03% to 97.21.
EUR/USD: The euro trades flat against U.S. dollar and currently trading around $1.1165 mark. It made intraday high at $1.1173 and low at $1.1159 mark. A sustained close above $1.1169 will drag the parity higher towards key resistances around $1.1220, $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively. On the other hand, a consistent close below $1.1151 will drag the parity down towards key supports around $1.1079, $1.1026 and $1.0852 levels respectively.
USD/JPY: The Japanese yen remains almost unchanged as Japanese banks will be closed in observance of Culture Day. The pair is currently trading around 108.23 mark. It made intraday high at 108.25 and low at 108.18 levels. A sustained close above 108.16 is required to take the parity higher towards key resistances around 108.83, 109.62, 112.60 and 113.98 marks respectively. Alternatively, a daily close below 108.02 will drag the parity down towards key support around 106.90 and 104.20 marks respectively.
GBP/USD: The pound trades marginally higher against U.S. dollar and stabilizes below $1.2950 mark. UK parliament approves early general election on December 12. A sustained close below $1.2940 requires for dragging the parity down towards key support around $1.2820, $1.2644 and $1.2352 mark respectively. On the other side, key resistances are seen at $1.2973, 1.3058, 1.3140 and 1.3226 levels respectively. UK’s constructions PMI due today at 0930 GMT will provide further directions to the parity.
AUD/USD: The Aussie depreciates in early Asia after lower than expected retail sales data. The pair made intraday high at $0.6923 and low at $0.6903 levels. A consistent close below $0.6893 requires for downside rally towards $0.6704 mark. On the other side, a sustained close above $0.6912 will take the parity higher towards $0.6977 and $0.7076 levels respectively.
NZD/USD: The New Zealand dollar strengthens remarkably on Monday and hits fresh 3 – month high at $0.6464 mark. Pair made intraday high at $0.6464 and low at $0.6427. A sustained close above $0.6422 requires for the upside rally. Alternatively, a consistent close below $0.6349 will take the parity down towards key supports around $0.6236 and $0.6196 levels respectively.
Japanese banks will be closed in observance of Culture Day.
Australia’s S&P/ASX200 was trading 0.27 pct higher at 6,686.90 points.
Hong Kong's hang seng index was trading 1.44 percent higher at 27,494.48 points.
Taiwan stock was trading 1.38 percent higher at 11,556.37 points.
South Korea’s kospi was trading 1.45 percent higher at 2,130.42 points.
India’s NSE Nifty was trading 0.46 pct higher at 11,947.80 points while BSE sensex was trading 0.42 points higher at 40,338.15 points.
U.S. Crude Oil WTI Futures dropped 0.6% to $55.88. International Brent Oil Futures fell 0.5% to $61.36.
Gold trades flat on Monday and stabilizes above $1,510 mark. Gold faces strong resistance at $1,513 mark and sustained close above targets key resistances around $1,532 and $$1,552 mark respectively. Alternatively, a consistent close below $1,502 mark will drag the parity down towards $1,487, $1,472 and $1,440 mark respectively.
The Australian government bonds plunged during Asian session of the first trading day of the week as investors remained disappointed by retail sales data for the month of September. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, jumped nearly 6-1/2 basis points to 1.170 percent, the yield on the long-term 30-year bond surged nearly 6 basis points to 1.744 percent and the yield on short-term 2-year gained nearly 2-1/2 basis points to 0.857 percent.
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