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
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
America’s Roundup: Dollar little changed against Japanese yen as virus fears counter gains, Wall Street gains, Gold edges higher, Oil steady as hopeful economic data face spike in virus cases-July 7th,2020
Europe Roundup: Sterling rises to three-week highs on news of Brexit talks, European shares slip, Gold steadies, Oil stable as rising virus cases, higher U.S. crude stockpiles stall recovery-July 8th,2020
Asia Roundup: Yen rallies as coronavirus worries deepen, gold set for 5th straight weekly gain, Asian shares slump - Friday, July 10th, 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
America’s Roundup: U.S. dollar rises as surge in coronavirus cases boosts haven bid,Wall Street falls, Gold slides, Oil settles lower on rise in U.S. coronavirus cases-June 27th,2020
Europe Roundup: Euro rises on upbeat Euro zone retail sales data, European shares gain, Gold ticks higher, Oil mixed on tighter supply, surge in U.S. virus cases-July 6th,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: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 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 falters as decent U.S. data curbs safe haven demand, Wall Street gains, Gold retreats from near 8-year peak, Oil prices firm on factory, inventory data-July 2nd, 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
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 near 3-week peak ahead of RBA policy meeting, dollar steadies against yen as investors eye U.S. services sector data, Asian shares at 4-month high - Monday, July 6th, 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
Asia Roundup: Aussie gains as lockdowns ease, greenback halts 3-day rally on dismal U.S. data, Asian shares nudge higher - Monday, May 18th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased, halting a 3-day winning streak, as data out on Friday showed U.S. retail sales and industrial production both plunged in April, putting the economy on track for its deepest contraction. The greenback against a basket of currencies traded 0.05 percent down at 100.31, having touched a high of 100.56 on Thursday, its highest since April 24.
EUR/USD: The euro rose, extending previous session gains, as the greenback eased after downbeat U.S. data highlighted the COVID-19 pandemic’s impact on the economy. The European currency traded up at 1.0821, having touched a low of 1.0774 on Thursday, its lowest since May 7. Investors’ attention will remain on the U.S. NAHB housing market index, amid a lack of data from the Eurozone economies. Immediate resistance is located at 1.0845 (21-DMA), a break above targets 1.0860. On the downside, support is seen at 1.0782, a break below could drag it below 1.0755.
USD/JPY: The dollar gained, reversing most of its previous session losses, as investor optimism about the re-opening of economies around the world lifted commodity prices and exporters’ currencies. The major was trading 0.1 percent up at 107.17, having hit a high of 107.76 last week, its highest since Apr. 23. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. NAHB housing market index. Immediate resistance is located at 107.40, a break above targets 107.76. On the downside, support is seen at 106.87, a break below could take it near at 106.63.
GBP/USD: Sterling plunged to a 7-1/2 week low as a combination of Brexit risks and a coronavirus-induced economic slowdown added pressured on the British currency. The major traded down at 1.2106, having hit a low of 1.2075 earlier, it’s lowest since Mar. 26. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2165, a break above could take it near 1.2225 (5-DMA). On the downside, support is seen at 1.2001, a break below targets 1.1973. Against the euro, the pound was trading 0.1 percent down at 89.43 pence, having hit a low of 89.58 on Wednesday, it’s lowest since March 31.
AUD/USD: The Australian dollar rebounded from a 1-week low as oil futures rose and Dalian iron ore futures hit a record peak. The Aussie trades 0.5 percent up at 0.6444, having hit a low of 0.6402 on Friday, it’s lowest since May 7. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6487, a break above could take it near 0.6530. On the downside, support is seen at 0.6402, a break below targets 0.6372.
Asian shares rose as countries’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent.
Tokyo's Nikkei rallied 0.5 percent to 20,133.73 points, Australia's S&P/ASX 200 index gained 1.1 percent to 5,460.50 points. South Korea's KOSPI surged 0.5 percent to 1,937.11 point.
Shanghai composite index rose 0.2 percent to 2,875.42 points, while CSI 300 index traded 0.3 percent up at 3,922.91 points.
Hong Kong’s Hang Seng traded 0.4 percent higher at 23,897.70 points. Taiwan shares shed 0.7 percent to 10,740.55 points.
Crude oil prices surged by more than 2 percent to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand. International benchmark Brent crude was trading 2.05 percent higher at $33.54 per barrel by 0520 GMT, having hit a high of $33.88 earlier, its highest since April 9. U.S. West Texas Intermediate was trading 3.4 percent up at $30.79 a barrel, after rising as high as $30.89 earlier, its highest since March 16.
Gold prices rallied over 1 percent to its highest in more than seven years as dismal U.S. data underscored how badly the COVID-19 pandemic has damaged the economy. Spot gold was trading 1.2 percent up at $1,763.55 per ounce by 0553 GMT, having touched a high of $1,764.19 earlier, its highest since Oct. 12, 2012. U.S. gold futures gained 0.8 percent to $1,770.50.
The Japanese government bond prices rose, with the five-year cash JGB yield slipping 2 basis points (bps) to minus 0.140 percent. The benchmark 10-year JGB futures rose 0.19 point to 152.48, while the 10-year JGB yield fell 1 bp to minus 0.015%.percent The two-year JGB yield fell 1 bp to minus 0.180 percent. In the superlong zone, the 20-year JGB yield and the 30-year JGB yield fell half a basis point each to 0.340 percent and 0.470 percent, respectively.