Europe Roundup: Euro dips as Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,2020
America’s Roundup: Dollar gains ground on economic concerns, Wall Street gains on stimulus hopes, Gold turns positive from 2-mth low, Oil falls on fuel demand growth concerns as coronavirus lingers-September 25th,2020
Asia Roundup: Kiwi slumps to 4-week trough as RBNZ hints at further easing, Aussie plunges as Westpac expects monetary easing by RBA, Asian shares volatile - Wednesday, September 23rd, 2020
America’s Roundup: Dollar dips as market recovers from weak U.S. jobs data,Wall Street drops, Gold eases, Oil prices edge up off three-month lows, but demand concerns persist-September 12th,2020
America’s Roundup: Dollar holds strong gains against eruro,Wall Street closes lower, Gold touches six-week low, Oil edges higher after U.S. crude, fuel stockpiles draw down-September 24th,2020
Europe Roundup:Euro edges higher as investors await Fed statement, European stocks gains,Gold rises, Oil jumps above $41 as storm hits U.S. output, inventories drop-September 16th,2020
Asia Roundup: Dollar eases on growing concerns over U.S. stimulus, euro rallies on ECB Lagarde's comments, investors eye U.S. CPI data - Friday, September 11th, 2020
America’s Roundup: Dollar gains as risk assets tumble on rising COVID-19 cases, U.S. election uncertainty, Wall Street ends lower, Gold slides 3%, Oil falls 5% as economic outlook dims with rising virus cases-September 22nd 2020
America’s Roundup: Dollar gains after Fed upgrades economic outlook, Wall Street ends mixed, Gold gains,Oil up more than 4% as U.S. stockpiles fall, hurricane hits output-September 17th,2020
Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,2020
Europe Roundup: Euro gains on weaker dollar, all eyes on Fed meeting, European stocks gain, Gold rises, Oil slips as demand concerns rise, Libya output looms-September 14th,2020
Europe Roundup: Euro gains as soft U.S. data, uncertainty darken outlook, European share dips, Gold rises, Oil prices mixed as OPEC boost countered by Libyan developments-September 18th,2020
Asia Roundup: Antipodeans at multi-week lows on additional monetary easing expectations, dollar rallies amid coronavirus concerns, Asian shares plunge amid fading global recovery hopes - Thursday, September 24th, 2020
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 2020
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 2020
Europe Roundup: Euro edges higher on ECB day, all eyes on inflation comments, European shares inch higher, Gold hits one-week high, Brent oil benchmark dips but stays over $40 a barrel-September 10th,2020
Asia Roundup: Aussie gains on upbeat economic data, dollar eases on recovery worries, Asian shares consolidate - Wednesday, August 5th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased, weighed down by speculation that stalemate over fiscal policy in Washington could leave the Federal Reserve with more to do. The greenback against a basket of currencies traded 0.2 percent down at 93.10, having touched a low of 92.55 on Friday, its lowest since May 2018.
EUR/USD: The euro nudged higher, extending previous session gains, as investors continued to digest yesterday's upbeat data showing Eurozone producer prices rose in June on a monthly basis slightly more than expected, ending their falling trend started in February. The European currency traded 0.1 percent higher at 1.1810, having touched a high of 1.1909 on Friday, its highest since May 2018. Investors’ attention will remain on a series of data from Eurozone economies, EZ Markit services and retail sales, ahead of the U.S. ADP employment change, trade balance, service PMI from both Markit and ISM. Immediate resistance is located at 1.1848, a break above targets 1.1910. On the downside, support is seen at 1.1726 (10-DMA), a break below could drag it below 1.1698.
USD/JPY: The dollar declined as the latest coronavirus relief package stalled in Congress and U.S. yields fell on the prospect that further monetary easing might be needed to support the economy. White House negotiators vowed to work with congressional Democrats to try to reach a deal on coronavirus relief by the end of this week. The major was trading 0.05 percent down at 105.66, having hit a high of 106.47 on Monday, its highest since July 24. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. ADP employment change, trade balance, service PMI from both Markit and ISM. Immediate resistance is located at 106.10, a break above targets 106.48 (21-DMA). On the downside, support is seen at 105.30, a break below could take it near at 104.95.
GBP/USD: Sterling consolidated within narrow ranges below the 1.3100 handle, amid concerns of a second wave of virus infections and a central bank policy meeting later in the week. Last week, British Prime Minister Boris Johnson said he would postpone the next stage of lockdown easing for at least two weeks due to a rise in COVID-19 infection rates. Investors await the Bank of England’s policy meeting on Thursday where money markets are already pricing in the prospects of negative interest rates by early next year. The major traded flat at 1.3074, having hit a high of 1.3170 on Thursday, it’s highest since March 9. Investors’ attention will remain on the geopolitical developments, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3138, a break above could take it near 1.3170. On the downside, support is seen at 1.3004, a break below targets 1.2944. Against the euro, the pound was trading 0.1 percent down at 90.33 pence, having hit a high of 89.80 on Friday, it’s highest since July 13.
AUD/USD: The Australian dollar surged on data showing country's new home loans in June rose 6.2 percent compared with May, with the housing finance sector adding $17.4 billion in value. Meanwhile, Investment Lending for Homes rose 8.7 percent in June, compared to a 15.6 percent drop in the prior month. The Aussie trades 0.4 percent higher at 0.7186, having hit a low of 0.7076 on Monday, it’s lowest since July 24. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.7197, a break above could take it near 0.7227. On the downside, support is seen at 0.7133, a break below targets 0.7105.
Asian shares consolidated within ranges as investors remained concerned over the rising cost of the coronavirus pandemic.
MSCI's broadest index of Asia-Pacific shares outside Japan traded flat.
Tokyo's Nikkei fell 0.3 percent to 22,514.85 points, Australia's S&P/ASX 200 index declined 0.6 percent to 6,001.30 points. South Korea's KOSPI gained 1.4 percent to 2,311.86 points.
Shanghai composite index rose 0.2 percent to 3,378.23 points, while CSI 300 index traded 0.05 percent up at 4,777.42 points.
Hong Kong’s Hang Seng traded 0.4 percent higher at 25,036.19 points. Taiwan shares added 0.7 percent to 12,802.30 points.
Crude oil prices rose, extending gains for the fourth straight session, after data showed crude inventories were down by 8.6 million barrels in the week to Aug. 1 to 520 million barrels, compared with analysts’ expectations for a drop of 3 million barrels. International benchmark Brent crude was trading 0.2 percent up at $44.41 per barrel by 0551 GMT, having hit a high of $44.79 on Tuesday, its highest since July 21. U.S. West Texas Intermediate was trading 0.4 percent higher at $41.64 a barrel, after rising as high as $42.06 on Tuesday, its highest since July 23.
Gold prices surged to an all-time peak above the $2,000 mark on a weaker dollar and bets for more stimulus measures to revive a pandemic-ravaged economy. Spot gold was trading 0.1 percent higher at $2,021.53 per ounce by 0559 GMT, having hit a record high of $2,031.13 in early Asian trade. U.S. gold futures rose 0.9 percent to $2,039.40.
The U.S. Treasury yields edged higher, with the benchmark 10-year note yield trading at 0.521 percent.