America’s Roundup: Dollar struggles to gain on Fed’s mixed messages, Wall Street ends mixed, Gold rises, Oil prices rise as Saudi supply risks come into focus-September 20th, 2019
America’s Roundup: Dollar slips ahead of Fed rate decision,Wall Street ends mixed, Gold rises, Oil plummets 6% as Saudi minister says supplies fully restored-September 18th,2019
Europe Roundup: Sterling eases as investors eye vote on early election, euro tumbles as EZ growth halves in Q2, markets await U.S. non-farm payroll report - Friday, September 6th, 2019
America’s Roundup: Dollar gains as risk sentiment improves, Wall Street ends flat, Gold dips to 2-week low, Oil gets boost as new Saudi minister commits to output cuts-September 10th,2019
Asia Roundup: Aussie at 6-week peak amid optimism around U.S.-China trade talks, dollar gains against yen as risk appetite improves, Asian shares surge - Wednesday, September 11th, 2019
Asia Roundup: Aussie at 1-month peak on upbeat home loan data, greenback halts 4-day losing streak on Fed Powell's comments, Asian shares surge - Monday, September 9th, 2019
Europe Roundup: Sterling eases on growing Brexit uncertainty, euro gains as German investor morale improves, oil off highs as markets assess Saudi attack impact - Tuesday, September 17th, 2019
Europe Roundup: Sterling eases on worse-than-expected retail sales, Swiss franc rallies as SNB keeps policy steady, European shares surge - Thursday, September 19th, 2019
America's Roundup: Dollar gains ahead of ECB meeting, Wall Street gains, Gold climbs, Oil prices slide 2% after report Trump weighed easing Iran sanctions-September 12th,2019
Europe Roundup: Swiss franc, yen at 5-week lows as risk appetite improves, greenback gains as U.S. Treasury yields surge, sterling off 6-week peak amid persisting political uncertainty - Tuesday, September 10th, 2019
Europe Roundup: Sterling consolidates near 6-week peak, Swiss franc, yen declines as China exempts some U.S. goods from retaliatory tariffs, European shares at multi-week peak - Wednesday, September 11th, 2019
America’s Roundup: Dollar climbs on U.S. oil stockpile use after Saudi attacks,Wall Street dips, Gold rises 1%.Oil jumps nearly 15% in record trading after attack on Saudi facilities-September 17th, 2019
Asia Roundup: Antipodeans decline on downbeat Chinese new home prices, greenback gains ahead of Fed policy meeting, Asian shares tumble - Tuesday, September 17th, 2019
Asia Roundup: Kiwi at 2-1/2 week trough ahead of RBNZ policy decision, yen gains as investors turn cautious amid U.S.-China trade talks, Asian shares rally - Friday, September 20th, 2019
America's Roundup: Euro gains after ECB decision, yen weakens on trade hopes, Wall Street gains, Gold dips, Oil prices fall 1% on U.S.-China trade doubts, OPEC+ talks-September 13th, 2019
Asia Roundup: Antipodeans surge on trade optimism, euro advances after ECB cuts key rate and approves restarting bond purchases, Asian shares rally - Friday, September 13th, 2019
Asia Roundup: Aussie halts 2-day losing streak as business confidence improves, gold hits over 6-year peak amid ongoing geopolitical tensions, investors eye UK employment data - Tuesday, August 13th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rose, extending previous session gains as investors await the U.S. Federal Reserve’s annual symposium at Jackson Hole, Wyoming, later this month, seeking clarity on the future path of interest rates. The greenback against a basket of currencies traded 0.2 percent up at 97.55, having touched a low of 97.03 on Friday, its lowest since July 19.
EUR/USD: The euro declined, reversing most of its previous session gains, weighed down by political ructions in Italy. The European currency traded 0.2 percent down at 1.1192, having touched a high of 1.1249 last week, its highest since July 19. Investors’ attention will remain German ZEW Survey, ahead of the on the U.S. consumer price index. Immediate resistance is located at 1.1241 (August 7 High), a break above targets 1.1282 (July 19 High). On the downside, support is seen at 1.1164 (38.2% retracement of 1.1026 and 1.1249), a break below could drag it below 1.1138 (50% retracement).
USD/JPY: The dollar held near 7-month lows as concerns around protests in Hong Kong and an Argentine currency crash amid fears of global economic slowdown boosted the demand for the safe-haven Japanese yen. The major was trading 0.1 percent up at 105.36, having hit a low of 105.05 earlier, its lowest since Jan 3. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. consumer price index. Immediate resistance is located at 106.05 (23.6% retracement of 109.31 and 105.05), a break above targets 106.67 (38.2% retracement). On the downside, support is seen at 105.00, a break below could take it lower at 104.65 (Jan. 3 Low).
GBP/USD: Sterling eased, giving up some of its previous session gains, amid fears Britain would leave the European Union with no transition deal in place in October. On Monday, the British pound rebounded from multi-year lows amid expectations that the UK lawmakers may either postpone the Brexit or pave the way for a soft departure. The major traded 0.1 percent down at 1.2059, having hit a low of 1.2014 the day before, it’s lowest since Jan. 2017. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2135 (23.6% retracement of 1.2522 and 1.2079), a break above could take it near 1.2210 (38.2% retracement). On the downside, support is seen at 1.1986 (Jan 16, 2017, Low, a break below targets 1.1904 (Oct 7, 2016, Low). Against the euro, the pound was trading flat at 93.12 pence, having hit a low of 93.24 earlier, it’s lowest since October 2009.
AUD/USD: The Australian dollar edged up, halting a 2-day losing streak after domestic data showed business confidence improved in July but conditions remained subdued and employment waned in a worrying sign for the economy. National Australia Bank’s index of business conditions declined 2 points to +2 in July, reversing a rise in June, while business confidence edged up to +4, but below the long-run average. The Aussie trades 0.1 percent up at 0.6759, having hit a low of 0.6677 last week, it’s lowest since March 2009. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6725 , a break below targets 0.6700. On the upside, resistance is located at 6831 (38.2% retracement of 0.7082 and 0.6677), a break above could take it near 0.6879 (50% retracement).
NZD/USD: The New Zealand dollar consolidated near multi-year lows as investors wagered the Reserve Bank of New Zealand will have to cut rates further, even though it surprised everyone last week. The Kiwi trades flat at 0.6437, having touched a low of 0.6376 on Wednesday, its lowest level Jan 2016. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6534 (38.2% retracement of 0.6790 and 0.6376), a break above could take it near 0.6583 (50% retracement). On the downside, support is seen at 0.6400, a break below could drag it below 0.6365.
Asian shares slumped as fears about a drawn-out U.S.-China trade war, protests in Hong Kong and a crash in Argentina’s peso currency drove investors to safe assets.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 percent.
Tokyo's Nikkei eased 1.1 percent to 20,455.44 points, Australia's S&P/ASX 200 index declined 0.3 percent to 6,568.50 points and South Korea's KOSPI dropped 0.9 percent to 1,925.83 points.
Shanghai composite index fell 0.7 percent to 2,794.56 points, while CSI 300 index traded 0.9 percent down at 3,662.86 points.
Hong Kong’s Hang Seng traded 1.9 percent lower at 25,331.59 points. Taiwan shares shed 1.05 percent to 10,362.66 points.
Crude oil prices declined, offsetting previous session gains, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting crude oil output. International benchmark Brent crude was trading 0.05 percent lower at $58.39 per barrel by 0547 GMT, having hit a low of $55.86 on Wednesday, its lowest since January. U.S. West Texas Intermediate was trading 0.1 percent up at $54.79 a barrel, after falling as low as $50.51 on Wednesday, its lowest since the January.
Gold prices rallied to their highest in more than six years, as concerns around protests in Hong Kong and an Argentine currency crash amid fears of global economic slowdown, prompted investors to take safety in safe -haven assets. Spot gold rose 0.5 percent to $1,519.33 per ounce by 0549 GMT, having touched a high of $1,519.75 earlier, its highest since April 2013. U.S. gold futures rose 0.6 percent to $1,526.90 an ounce.
The Australian government bonds surged during Asian session of the second trading day of the week, tracking a similar movement in the United States Treasuries as investors shifted their interests towards safe-haven assets amid ongoing global economic and political worries. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped nearly 3 basis points to 0.943 percent, the yield on the long-term 30-year bond plunged 5 basis points to 1.579 percent and the yield on short-term 2-year traded flat at 0.736 percent.