Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
Europe Roundup: Euro dips as grim data keeps euro under pressure, European shares edge lower, Gold hovers close eight years high, Oil prices drop on prospect of returning Libyan supplies-June 30th,2020
Asia Roundup: Euro eases on fresh trade tensions, greenback steadies as coronavirus surge drives cash hunt, Asian shares plunge amid holiday-thinned trading - Thursday, June 25th, 2020
Europe Roundup: Euro dips as coronavirus surge unnerves investors European stocks dips, Gold soars towards 8-year high, Oil falls on rising stocks, worries of new virus wave-June 24th,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
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
Asia Roundup: Aussie gains on upbeat retail sales, dollar consolidates within narrow ranges amid holiday-thinned trading, Asian shares at 4-month peak - Friday, July 3rd, 2020
America’s Roundup: Dollar gains as virus concerns dents risk appetite, Wall Street ends higher ,Gold steadies, Oil prices climb as U.S. economic data lends support-June 26th,2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 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
America’s Roundup: Dollar gains on coronavirus, tariff concerns, Wall Street ends lower, Gold retreats from an over 7-1/2 year high, Oil dives over 5% as U.S. crude stocks hit record, COVID cases mount-June 25th 2020
America’s Roundup: Dollar stumbles as jump in coronavirus cases dented the economic outlook, Wall Street ends higher, Gold hits highest since October 2012, Oil flat, near highest since March, after Trump assurance on China trade-June 24th,2020
Europe Roundup: Euro dips on fears of pandemic wave, European stocks rebound, Gold steadies, Oil slips towards $40 on record U.S. inventories, COVID fears-June 25th,2020
Asia Roundup: Euro eases following ECB Knot's comments, yen rallies as resurgent virus threatens global economic recovery, Asian shares consolidate - Friday, June 26th, 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
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
Asia Roundup: Aussie rallies to 5-month peak on better-than-expected Chinese service PMI, greenback slumps amid mass protests against racism, Asian shares surge - Wednesday, June 3rd, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index slumped to a fresh 2-1/2 month low as demonstrations against police brutality continued in the United States, in spite of curfews. The greenback against a basket of currencies traded 0.3 percent down at 97.41, having touched a low of 97.37 earlier, its lowest since March 13.
EUR/USD: The euro rallied to a 2-1/2 week peak, as the European Central Bank is expected to increase its 750 billion-euro bond-buying programme, Pandemic Emergency Purchase Programme, on Thursday. The European currency traded 0.3 percent up at 1.1206, having touched a high of 1.1212 on Tuesday, its highest since March 16. Investors’ attention will remain on a series of data from Eurozone economies EZ service PMI and producer price index, ahead of the U.S. ADP employment change and non-manufacturing PMI by both Markit and ISM. Immediate resistance is located at 1.1236, a break above targets 1.1285. On the downside, support is seen at 1.1137, a break below could drag it below 1.1096 (5-DMA).
USD/JPY: The dollar declined from a near 2-month peak as investors pondered mass protests against racism spreading across the United States. However, prospects of more government stimulus and a global economic recovery limited downside. The major was trading 0.1 percent down at 108.53, having hit a high of 108.84 earlier, its highest since April 9. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. ADP employment change and non-manufacturing PMI by both Markit and ISM. Immediate resistance is located at 109.06, a break above targets 109.27. On the downside, support is seen at 108.32, a break below could take it near at 108.07.
GBP/USD: Sterling advanced to a 1-month high above the 1.2600 handle on signs that Britain might be willing to compromise on sticking points in Brexit negotiations with the European Union. The major traded 0.3 percent up at 1.2584, having hit a high of 1.2611 earlier, it’s highest since April 30. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2643, a break above could take it near 1.2706. On the downside, support is seen at 1.2482, a break below targets 1.2437. Against the euro, the pound was trading 0.05 percent down at 89.00 pence, having hit a low of 90.54 on Friday, it’s lowest since March 27.
AUD/USD: The Australian dollar rallied to a 5-month peak after a private survey showed the services sector in the Chinese economy returned to growth, which could bolster expectations for economic recovery. China’s Caixin/Markit services Purchasing Managers’ Index rose to 55.0 in May from 44.4 in April, hitting the highest level since late 2010. The Aussie trades 0.5 percent up at 0.6931, having hit a high of 0.6982 earlier, it’s highest since Jan 3. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.7004, a break above could take it near 0.7031. On the downside, support is seen at 0.6859, a break below targets 0.6838.
Asian shares steadied near a 3-month high amid hopes of more stimulus and further easing in social restrictions around the world.
MSCI's broadest index of Asia-Pacific shares outside Japan surged 1.3 percent.
Tokyo's Nikkei rallied 1.1 percent to 22,573.26 points, Australia's S&P/ASX 200 index surged 1.8 percent to 5,937.50 points. South Korea's KOSPI jumped 3.05 percent to 2,150.31 points.
Shanghai composite index rose 0.5 percent to 2,934.88 points, while CSI 300 index traded 0.4 percent up at 3,999.54 points.
Hong Kong’s Hang Seng traded 1.3 percent higher at 24,302.00 points. Taiwan shares shed 1.7 percent to 11,320.16 points.
Crude oil prices rallied to a near 3-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic. International benchmark Brent crude was trading 1.3 percent higher at $40.11 per barrel by 0508 GMT, having hit a high of $40.41 earlier, its highest since March 9. U.S. West Texas Intermediate was trading 2.3 percent up at $37.67 a barrel, after rising as high as $37.86 earlier, its highest since March 9.
Gold prices declined as equity markets rallied on hopes of more stimulus and further easing in social restrictions. Spot gold was trading 0.1 percent down at $1,726.17 per ounce by 0517 GMT, having touched a high of $1,745.30 on Tuesday, its highest since May 21. U.S. gold futures fell 0.1 percent to $1,732.20.
On Tuesday, the two-year U.S. Treasury yield was up 1 basis point at 0.1682 percent, while the part of the yield curve measuring the gap between yields on 5- and 30-year Treasuries was at 116 basis points, its highest since early 2017. The benchmark 10-year yield was up 1.8 basis point at 0.6803 percent.