Europe Roundup: Euro gains on weaker dollar, U.S. stimulus doubts, European shares dips,Gold gains, Oil rises towards $41 on U.S. Gulf shutdowns, outlook weak-October 27th,2020
Europe Roundup: Sterling edges up ahead of UK decision on Brexit negotiations,European stocks gain,Gold edges up,Oil slides on COVID-19 resurgence-October 16th,2020
Europe Roundup: Euro dips as coronavirus lockdown worries hurt sentiment, European stocks dips, Gold dips, Oil in reverse as rise in U.S. crude stocks fans oversupply fears-0ctober 28th,2020
Europe Roundup: Sterling gains against dollar as traders bet on Brexit breakthrough, U.S. stimulus bets ,European stocks gains ,Gold firms ,Oil falls on demand concerns and new European lockdowns-October 19th,2020
Europe Roundup: Sterling little changed against dollar as traders hope for Brexit trade deal, European shares edge higher, Gold holds steady, Oil steadies but coronavirus and supply pressures remain-October 20th,2020
America’s Roundup: Dollar gains in surge in COVID cases, U.S. stimulus worries,Wall Street closes down,Gold slips, Oil drops 3% as virus infections, Libyan oil output rebound-October 27th,2020
America’s Roundup: Dollar set for best week in three weeks on stimulus uncertainty, virus concerns, Wall Street gains, Gold dips, Oil dips on COVID-19 resurgence, fears of more supply-October 17th,2020
Europe Roundup: Sterling holds near new highs as Brexit talks restart, European stocks fall, Gold slips, Oil slips on weaker demand outlook after U.S. gasoline stocks build-October 22nd 2020
America’s Roundup: Dollar index hits seven-week low with COVID stimulus in focus ,Wall Street slips, Gold jumps 1%, Oil prices fall as inventory report reflects demand weakness-October 22nd, 2020
Europe Roundup: Sterling steadies against dollar as Brexit talks extends, European stocks fall,Gold slips, Oil drops on rising virus cases, increasing Libyan output-October 26th,2020
Asia Roundup: Kiwi slumps as CPI misses expectations, dollar steadies following U.S. presidential debate, Asian shares consolidate - Friday, October 23rd, 2020
America’s Roundup: Dollar ends losing week lower on election and COVID aid concerns, Wall Street subdued, Gold slips, Oil falls about 2% on Libyan output, COVID-19 demand concerns-October 24th,2020
America’s Roundup: Dollar slips to near one-week low,Wall Street closes lower, Gold rises, Oil dips after OPEC+ meeting as Libyan supply boost weighs-October 20th,2020
Asia Roundup: Antipodeans set for weekly losses, greenback steadies as pandemic recovery stalls, Asian shares slump - Friday, October 16th, 2020
America’s Roundup:U.S. dollar index edges up from 7-week lows, Wall Street rises, Gold eases, Oil struggles to recover after U.S. gasoline stocks build-October 23rd 2020
Europe Roundup: Sterling on track for weekly gain as Brexit negotiations intensify, European stocks rise, Gold ticks up, Oil rises above $42 as possible OPEC+ cut extension offsets demand concern-October 23rd 2020
Asia Roundup: Aussie rallies to 4-month peak as RBA stands pat, dollar holds gains against yen as U.S. manufacturing activity rebounds from 11-year low, Asian shares advance - Tuesday, June 2nd, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index plunged to a 2-1/2 month low over mass protests in many U.S. cities over the death of a black man in police custody. The protests erupted over the death of George Floyd, a 46-year-old African-American who died in Minneapolis police custody after being pinned beneath a white officer’s knee for nearly nine minutes. The greenback against a basket of currencies traded 0.05 percent down at 97.80, having touched a low of 97.74 earlier, its lowest since March 16.
EUR/USD: The euro steadied near recent peaks as the Eurozone manufacturing PMI recovered in May from April’s record low. The European currency traded 0.05 percent up at 1.1140, having touched a high of 1.1154 on Monday, its highest since March 17. Investors’ attention will remain on a series of data from Eurozone economies, ahead of the U.S. ISM-NY business conditions index and total vehicle sales. Immediate resistance is located at 1.1169, a break above targets 1.1215. On the downside, support is seen at 1.1059 (5-DMA), a break below could drag it below 1.1029.
USD/JPY: The dollar gained, reversing most of its previous session losses, as U.S. manufacturing activity eased off an 11-year low in May. The ISM said its index of national factory activity rose to a reading of 43.1 last month from 41.5 in April, which was the lowest level since April 2009. Moreover, U.S. President Donald Trump vowed to end unrest in major cities across the nation and stated he would deploy the military if state governors refused to call out the National Guard. The major was trading 0.1 percent up at 107.73, having hit a low of 107.07 on Friday, its lowest since May 18. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. ISM-NY business conditions index and total vehicle sales. Immediate resistance is located at 107.94, a break above targets 108.10. On the downside, support is seen at 107.32, a break below could take it near at 107.07.
GBP/USD: Sterling rallied to an over 1-month high above the 1.2500 handle amid risk-on sentiment in global markets prompted by hopes for an economic recovery. The major traded 0.05 percent up at 1.2495, having hit a high of 1.2525 earlier, it’s highest since May 1. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2560, a break above could take it near 1.2624. On the downside, support is seen at 1.2437, a break below targets 1.2389. Against the euro, the pound was trading 0.05 percent down at 89.09 pence, having hit a low of 90.54 on Friday, it’s lowest since March 27.
AUD/USD: The Australian dollar advanced to an over 4-month peak, as the country’s central bank held rates at all-time lows and sounded less gloomy as the economy gradually re-opened. The Reserve Bank of Australia left rates at 0.25 percent at its monthly policy meeting in a widely expected decision and said the accommodative approach will be maintained as long as it is required. The Aussie trades 0.1 percent up at 0.6804, having hit a high of 0.6812 earlier, it’s highest since Jan 27. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6838, a break above could take it near 0.6857. On the downside, support is seen at 0.6752, a break below targets 0.6700.
Asian shares surged as investors’ focused on the prospects of a global coronavirus recovery.
MSCI's broadest index of Asia-Pacific shares outside Japan surged 0.3 percent.
Tokyo's Nikkei rallied 1.4 percent to 22,371.49 points, Australia's S&P/ASX 200 index surged 0.6 percent to 5,855.80 points. South Korea's KOSPI jumped 0.9 percent to 2,084.60 points.
Shanghai composite index rose 0.1 percent to 2,919.64 points, while CSI 300 index traded 0.2 percent up at 3,980.89 points.
Hong Kong’s Hang Seng traded 0.7 percent higher at 23,905.19 points. Taiwan shares added 0.4 percent to 11,127.93 points.
Crude oil prices surged, with traders waiting to see whether major crude producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week. International benchmark Brent crude was trading 0.4 percent higher at $38.67 per barrel by 0442 GMT, having hit a high of $38.74 earlier, its highest since March 11. U.S. West Texas Intermediate was trading 0.3 percent up at $35.66 a barrel, after rising as high as $35.87 on Monday, its highest since March 11.
Gold prices declined on signs of economic recovery as more countries ease lockdown curbs, while protests in the United States, and U.S.-China tensions limited losses. Spot gold was down 0.1 percent at $1,736.83 per ounce by 0445 GMT, having touched a high of $1,744.69 on Monday, its highest since May 21. U.S. gold futures rose 0.2 percent to $1,753.70.
On Monday, the U.S. benchmark 10-year yield was up 2.8 basis points at 0.6721 percent. The two-year U.S. Treasury yield was up less than a basis point at 0.1603 percent.