Americas Roundup: Dollar falls on weak U.S. data, Gold extends gains, Wall Street ends little changed, US crude pares gains, but lingers near 2-year high-November 23rd 2017
Europe Roundup: Sterling hits 1-week low on concerns over PM May's leadership, dollar index steadies amid U.S. tax reform uncertainty, European shares slide - Monday, November 13th, 2017
Europe Roundup: Sterling off 1-1/2 week high on weak economic data, dollar steadies against yen near 2-month trough amid subdued trading, European shares trade in red - Thursday, November 23rd, 2017
Americas Roundup: Dollar index hurt by tax plan skepticism, Gold rises, U.S. Treasury yields slip as risk appetites fade, Wall Street slips, Oil rises over 2 pct, still set for first weekly fall in 6-November 18th 2017
Europe Roundup: Sterling slumps as UK inflation disappoints investors, euro hits over 2-week high following upbeat economic data, European shares edge down - Tuesday, November 14th, 2017
Europe Roundup: Sterling steadies ahead of UK budget statement, dollar index off 1-week high as investors cautiously await FOMC meeting minutes, European shares advance - Wednesday, November 22nd, 2017
Asia Roundup: Aussie rebounds from 4-month lows on upbeat employment data, dollar gains as U.S. Treasury yields rise, Asian shares nudge up - Thursday, November 16th, 2017
Asia Roundup: Antipodeans on track for weekly losses, dollar index slumps on media report of Mueller's subpoenas, Asian shares gain - Friday, November 17th, 2017
Asia Roundup: Yen trades marginally lower despite higher than expected manufacturing PMI data, gold flat at $1,290 mark, Most Asian indices in Green - Friday, Nov 24, 2017
Asia Roundup: Kiwi hits 1-week peak on better-than-expected Q3 retail sales, dollar at 1-month low on Fed inflation caution, investors eye Eurozone PMI's - Thursday, November 23rd, 2017
Europe Roundup: Sterling gains after UK retail sales, dollar index retreats from 4-week lows ahead of U.S. tax vote, European shares rebound - Thursday, November 16th, 2017
Asia Roundup: Kiwi steadies as oil gains on production cut hopes, dollar index off 1-week high as U.S. Treasury yields ease, Asian shares at decade peak - Wednesday, November 22nd, 2017
Asia Roundup: Aussie touches 4-month trough on weak wages, dollar index steadies near multi-week lows ahead of U.S. consumer price data, Asian shares ease - Wednesday, November 15th, 2017
Americas Roundup: Dollar index hits lowest since Sept. 26, Wall Street ends higher, Gold dips on profit-taking, U.S. crude advances to fresh two-year high-November 25th, 2017
Americas Roundup: Dollar index recovers ground after recent weakness, Political headwinds undermine sterling, Gold recovers lost ground, Oil steady amid Saudi tensions, rising U.S. production-November 14th, 2017
Asia Roundup: Antipodeans slump on downbeat Chinese economic data, dollar index steadies ahead of central bank speeches, Asian shares decline - Tuesday, November 14th, 2017
Asia Roundup: Aussie off multi-month lows, dollar steadies against yen ahead of BoJ monetary policy meeting, Asian shares gain - Monday, October 30th, 2017
Economic Data Ahead
Key Events Ahead
DXY: The dollar held firm near a 3-month high on expectations that President Donald Trump is leaning toward nominating Fed Reserve Governor Jerome Powell to be the next head of the U.S. central bank. The greenback against a basket of currencies traded flat at 94.79, having touched a high of 95.15 on Friday, its highest since July. 20. FxWirePro's Hourly Dollar Strength Index stood at 55.67 (Bullish) by 0500 GMT.
EUR/USD: The euro steadied above the 1.1600 handle after falling to a 3-month low in the prior session amid political developments around Spain. Moreover, the European Central Bank’s dovish taper and upbeat United States Q3 GDP, which almost cemented a December Fed rate hike continued to undermine the bid tone around the major. The European currency traded 0.1 percent up at 1.1614, having touched a low of 1.1574 on Friday, its lowest since Jul. 20. FxWirePro's Hourly Euro Strength Index stood at -111.96 (Highly Bearish) by 0400 GMT. Investors’ attention will remain on Eurozone economic sentiment indicator, ahead of U.S. personal consumption expenditure price index, personal income, and spending data. Immediate resistance is located at 1.1632 (78.6% retracement of 1.1837 and 1.1674, a break above targets 1.1678 (61.8% retrace). On the downside, support is seen at 1.1574 (Previous Session Low), a break below could drag it lower 1.1550.
USD/JPY: The dollar opened up on a bullish gap after falling from a near 4-month high the prior session as the Federal Reserve will hold a two-day policy meeting on Tuesday and Wednesday at which it is expected to leave rates unchanged. The major was trading flat at 113.64, having hit a high of 114.45 on Friday, its highest since Jul. 11. FxWirePro's Hourly Yen Strength Index stood at 77.29 (Slightly Bullish) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. personal consumption expenditure price index, personal income and spending data for further clues on the pair. Immediate resistance is located at 114.00, a break above targets 114.40. On the downside, support is seen at 113.34 (Oct. 26 Low), a break below could take it near 112.85 (21-DMA).
GBP/USD: Sterling rose after slumping to a 3-month low in the previous session on growing uncertainty over prospects for the British economy that dampened expectations that a likely Bank of England rate hike next week would signal the start of a sustained tightening cycle. The major traded 0.2 percent up at 1.3143, having hit a low of 1.3070 on Friday, its lowest since Oct. 6. FxWirePro's Hourly Sterling Strength Index stood at 6.14 (Neutral) by 0400 GMT. Investors’ focus will remain on UK consumer credit and mortgage approval data, ahead of U.S. fundamental drivers. Immediate resistance is located at 1.3173 (5-DMA), a break above could take it near 1.3204 (21-DMA). On the downside, support is seen at 1.3100, a break below targets 1.3070. Against the euro, the pound was trading flat at 88.36 pence, having hit a high of 88.25 pence on Friday, its highest since Oct. 3.
AUD/USD: The Australian dollar edged up, extending previous session gains, however, the upside remains capped as the Australian PM Turnbull lost majority after the high court ruled that Deputy PM Barnaby Joyce is ineligible to remain in parliament. The Aussie trades flat at 0.7674, having hit a low of 0.7624 on Friday, it’s lowest since Jul. 11. FxWirePro's Hourly Aussie Strength Index stood at -18.53 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7624 (Previous Session Low), a break below targets 0.7600. On the upside, resistance is located at 0.7682 (78.6% retracement of 0.7883 and 0.7625), a break above could take it near 0.7723 (5-DMA).
NZD/USD: The New Zealand dollar declined, reversing previous session gains after Prime Minister Jacinda Ardern stated that she would like to finalize the details of a ban on foreigners buying established homes before a key trade deal meeting next week. The Kiwi trades 0.4 percent down at 0.6844, having touched a low of 0.6818 on Friday, its lowest level since May 11. FxWirePro's Hourly Kiwi Strength Index was at -65.01 (Bearish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6903, a break above could take it near 0.6970. On the downside, support is seen at 0.6800, a break below could drag it till 0.6780.
Asian shares gained, underpinned by a rise in technology stocks, while the euro nursed losses after the European Central Bank and unrest in Spain's Catalonia led it to post its worst week this year.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent.
Tokyo's Nikkei fell 0.05 percent to 22,002.72 points, Australia's S&P/ASX 200 index rose 0.3 percent to 5,919.10 points and South Korea's KOSPI advanced 0.2 percent to 2,500.17 points.
Shanghai composite index slumped 1.0 percent to 3,384.25 points, while CSI300 index was trading 0.7 percent down at 3,992.39 points.
Hong Kong’s Hang Seng was trading 0.1 percent lower at 28,411.95 points. Taiwan shares added 0.5 percent to 10,756.87 points.
Crude oil prices declined after rising to multi-month highs earlier in the session on the back of expectations that an OPEC-led production cut due to expire next March would be extended. International benchmark Brent crude was trading 0.2 percent down at $60.38 per barrel by 0420 GMT, having hit a high of $60.73 earlier, its highest since Jul. 6. U.S. West Texas Intermediate was trading 0.3 percent lower at $53.91 a barrel, after rising as high as $54.61, its highest since Mar. 1.
Gold prices edged down, after rebounding from 3-week lows in the previous session on the back of Catalonian parliament's independence declaration from Spain. Spot gold was up 0.1 percent at $1,271.61 an ounce by 0433, having touched its lowest since Oct. 6 at $1266.67. U.S. gold futures for December delivery settled up $2.20 at $1,271.80 per ounce.
The 10-year U.S Treasury yield stood at 2.402 percent lower by 0.025 bps, while 5-year yield was 0.023 bps down at 2.019 percent.
The Japanese bonds traded a little higher as investors awaited the Bank of Japan’s second last two-day monetary policy meeting scheduled to held October 30-31. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell nearly 1 basis point to 0.065 percent, the yield on long-term 30-year declined nearly ½ basis point to 0.873 percent and the yield on short-term 2-year slid ½ basis points to -0.153 percent.
The Australian bonds gained following firmness in the U.S. Treasuries as speculations increased over the appointment of less hawkish Federal Reserve Governor Jerome Powell.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 6-1/2 basis points to 2.726 percent, the yield on the long-term 30-year note also declined 7 basis points to 3.490 percent and the yield on short-term 2-year slid 3 basis points to 1.854 percent.
The New Zealand long-term bonds ended flat as investors remained sidelined in any major trading activity amid lack of sufficient economic data through the day. At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, remained flat at 3.00 percent, the yield on the 20-year note rose 1/2 basis point to 3.55 percent while the yield on short-term 2-year slumped 4-1/2 basis points to 2.03 percent.
November 24 15:30 UTC Released
USECRI Weekly Index*
November 24 14:45 UTC Released
US1st Half-Mth Infl YY*
November 27 09:00 UTC 35393539m
November 27 09:00 UTC 35393539m
November 27 14:00 UTC 38393839m
MXTrade Balance, $*
-1.886 Bln USD
November 27 14:00 UTC 38393839m
MXTrade Balance SA*
-1.559 Bln USD
November 27 15:30 UTC 39293929m
USDallas Fed mfg bus index
November 27 21:00 UTC 42594259m
KRBOK Manufacturing BSI*
87 Bln BRL
November 28 00:00 UTC 44394439m
BRCentral Govt Balance
-22.725 Bln BRL
November 28 07:00 UTC 48594859m
DEGDP Growth QQ* Advance