Europe Roundup:Euro gains on vaccine cheer, European shares gain, Gold slips, Oil prices rise on back of COVID vaccine news-November 23rd,2020
Asia Roundup: Kiwi rallies as RBNZ unveils new lending scheme, dollar eases against yen amid concerns over rising virus cases, Asian shares surge as vaccine hopes offset second-wave worries- Wednesday, November 11th, 2020
Asia Roundup: Kiwi at 20-month peak as negative rate speculations ease, yen gains as investors adjust vaccine expectations, Asian shares surge - Thursday, November 20th, 2020
America’s Roundup: Dollar weakens on rising coronavirus case numbers, Wall Street closes lower, Gold range-bound, Oil steady as pandemic lockdown worries offset vaccine hopes-November 18th,2020
America’s Roundup: Dollar index drops as boost from vaccine eases, Wall Street rises, Gold gains, Oil falls on rising Libya output, coronavirus surge-November 14th,2020
America’s Roundup: Dollar flat, euro bumps higher as sentiment see-saws, Wall Street drops, Gold rises 1%, Oil falls on coronavirus surge, unexpected U.S. crude stockpile rise-November 13th,2020
Europe Roundup:Sterling weakens against dollar as BoE ramps up stimulus, European shares ease , Gold inches higher ,Oil extends gain on vaccine hope-November 25th,2020
Europe Roundup: Euro gains as ECB's cautious optimism on vaccine supports single currency, European shares edged lower ,Gold steady, Oil falls on COVID-19 surge but on track for weekly gain-November 13th,2020
America’s Roundup: Dollar on defensive amid weak U.S. data, increase in risk appetite, Wall Street ends mixed, Gold gains, Oil rallies past eight-month high on U.S. crude inventory draw, vaccine hopes-November 26th,2020
Europe Roundup: Sterling dips against Brexit deadlock weighs,European shares gains, Gold edges up, Brent oil hits $45 on hopes for COVID-19 vaccine, U.S. crude stock draw-November 11th,2020
Europe Roundup: Sterling holds near 3-month high despite Scottish referendum talk, European shares edges higher, Gold edges down ,Oil prices set for weekly gain ahead of OPEC+ meeting-November 27th,2020
America’s Roundup: Dollar falls on talk of new U.S. stimulus, Wall Street closes higher, Gold slips, Oil prices slip as surge in virus cases raises concerns about demand-November 20th,2020
America’s Roundup: U.S. dollar weakens for fifth day on vaccine optimism, Wall Street closes lower, Gold slips, Oil gains 1% on potential OPEC+ rethink and vaccine hopes-November 19th,2020
Europe Roundup: Sterling edges higher on renewed Brexit deal hopes,European shares higher, Gold edges lower,Oil set for third week of gains on vaccine hopes-November 20th,2020
Europe Roundup:Euro little changed against dollar as vaccine cheers fades ,European shares gain, Gold little changed,Oil rises on hopes for delay to OPEC+ supply increase-November 18th,2020
America’s Roundup: Dollar rises again as markets adjust to vaccine hope and higher yields, Wall Street ends mixed, Gold inches up, Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown-November 12th,2020
Asia Roundup: Aussie rebounds on RBA Lowe's comments, greenback steadies near recent peaks amid fears of virus second wave, Asian shares consolidate - Monday, June 22nd, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased but remained near recent peaks as investors awaited the U.S. consumer sentiment figures due later in the day to gauge whether encouraging signs of recovery from May can be sustained. The greenback against a basket of currencies traded 0.1 percent down at 97.56, having touched a high of 97.72 on Friday, its highest since June 2.
EUR/USD: The euro rose, halting a 4-day losing streak, as the greenback eased amid rising infections in the United States. The European currency traded 0.2 percent up at 1.1199, having touched a low of 1.1168 on Friday, its lowest since June 3. Investors’ attention will remain on a series of data from Eurozone economies, EZ consumer confidence, ECB De Guindos' and Lane's speech, ahead of U.S. existing home sales and Chicago Fed National Activity Index. Immediate resistance is located at 1.1241 (5-DMA), a break above targets 1.1276 (10-DMA). On the downside, support is seen at 1.1154, a break below could drag it below 1.1100.
USD/JPY: The dollar consolidated within narrow ranges, as investors refrained from taking big positions, amid renewed worries about the second wave of coronavirus infections globally and geopolitical tensions. On Sunday, the World Health Organization reported a record increase in global cases, while Beijing and Australia’s Victoria state re-introduced measures to control the virus. The major was trading flat at 106.89, having hit a low of 106.66 on Thursday, its lowest since June 12. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. existing home sales and Chicago Fed National Activity Index. Immediate resistance is located at 107.09 (5-DMA), a break above targets 107.29 (10-DMA). On the downside, support is seen at 106.58, a break below could take it near at 105.99.
GBP/USD: Sterling bounced back from a 3-week low as retail sales rebounded in May more strongly than expected. Data released on Friday showed British retail sales jumped 12 percent last month after a historic 18 percent slump in April. A separate survey showed, consumer confidence figures for May were the strongest since the lockdown began but overall remained weak. The major traded 0.3 percent up at 1.2377, having hit a low of 1.2335 earlier, it’s lowest since June 1. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2467, a break above could take it near 1.2506. On the downside, support is seen at 1.2290, a break below targets 1.2260. Against the euro, the pound was trading flat at 90.45 pence, having hit a low of 90.72 on Friday, it’s highest since March 27.
AUD/USD: The Australian dollar nudged higher on relief that Reserve Bank of Australia Governor Philip Lowe did not seem too concerned about its 24 percent surge from March lows. Lowe stated that the recent appreciation in the currency is not a problem at this point and impact of the COVID-19 pandemic would not be as bad as initially feared. The Aussie trades 0.3 percent up at 0.6854, having hit a low of 0.6807 earlier, it’s lowest since June 15. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6907 (10-DMA), a break above could take it near 0.6942. On the downside, support is seen at 0.6776, a break below targets 0.6750.
Asian shares consolidated within narrow ranges amid worries that rising coronavirus cases in the U.S. could delay a quick economic rebound from the massive downturn triggered by the pandemic.
MSCI's broadest index of Asia-Pacific shares outside Japan traded flat.
Tokyo's Nikkei declined 0.07 percent to 22,463.90 points, Australia's S&P/ASX 200 index gained 0.05 percent to 5,944.50 points. South Korea's KOSPI tumbled 0.4 percent to 2,133.21 points.
Shanghai composite index eased 0.1 percent to 2,964.74 points, while CSI 300 index traded 0.05 percent down at 4,097.24 points.
Hong Kong’s Hang Seng traded 0.8 percent higher at 24,428.12 points. Taiwan shares added 0.2 percent to 11,572.93 points.
Crude oil prices surged on tighter supplies from major producers, although concerns that a record rise in coronavirus infections globally could stall a recovery in fuel demand limited upside. International benchmark Brent crude was trading 0.3 percent higher at $42.07 per barrel by 0535 GMT, having hit a high of $42.90 on Friday, its highest since June 8. U.S. West Texas Intermediate was trading 0.4 percent up at $39.60 a barrel, after rising as high as $40.49 on Friday, its highest since June 8.
Gold prices rallied to its highest in more than a month as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic recovery. Spot gold was trading 0.5 percent at $1,752.58 per ounce by 0538 GMT, having touched a high of $1,758.67 earlier, its highest since May 18. U.S. gold futures rose 0.8 percent to $1,766.90.
On Friday, the benchmark 10-year note yields were little changed on the day at 0.699 percent. The yield curve between 2-year and 10-year notes was steady on the day at 51 basis points.