Europe Roundup: Sterling dips as coronavirus fears rattle nerves ,European share slide 3%, Gold rises, Oil prices on track for biggest weekly fall in four years-February 28th,2020
America’s Roundup: Dollar retreats as coronavirus fallout lifts rate cut expectations, Gold pares gains, Oil prices dive to lowest in over a year on coronavirus fears-February 28th,2020
Asia Roundup: Antipodeans ease as virus spreads globally, Japanese yen rallies as virus concern spurs safe-haven demand, Asian shares decline - Monday, February 24th, 2020
Europe Roundup: Euro dips coronavirus outbreak’s pace sparks new fears, European shares slump, Gold jumps over 2%, Oil prices drop 4%-February 24th,2020
Asia Roundup: Japanese yen rallies as investors stampede to safe-haven assets, greenback at 3-week low as pandemic fears lift Fed rate-cut bets, Asian shares plunge - Friday, February 28th, 2020
Europe Roundup: Euro falls below key $1.08 level,European shares rise, Gold holds above $1,600, Oil rises amid hope for short economic hit from coronavirus outbreak-February 19th,2020
America’s Roundup: Dollar slips as U.S. data disappoints, Gold surges 1.5%, Oil retreats in face of renewed coronavirus uncertainties-February 22nd, 2020
Europe Roundup:Sterling weakens on rate-cut expectations, European shares fall,Gold gains, U.S. crude drops below $50-February 26th,2020
Europe Roundup: Euro struggles near three-year lows on economic worries, European shares gain, Gold holds near two-week high, Oil price steady-February 17th,2020
America’s Roundup: Dollar dives to seven-week low against yen on Fed rate cut hint, Wall Street plunges, Gold slumps 3%, Oil prices sink to lowest in more than a year-February 29th,2020
America’s Roundup: Dollar rises with stocks, investors stay cautious, Wall Street bounces, Gold pares gains, Oil prices drop to lowest in more than a year as coronavirus spreads-February 27th,2020
Asia Roundup: Aussie eases following RBA meeting minutes, yen surges as coronavirus concerns linger, investors eye German ZEW survey- Tuesday, February 18th, 2020
Asia Roundup: Antipodeans slump as persistent virus fears dampen China stimulus, greenback near 3-year peak on upbeat economic data, Euro consolidates ahead of CPI data - Friday, February 21st, 2020
Asia Roundup: Antipodeans await coronavirus clarity, euro consolidates near 3-year low on growth concerns, Asian shares nudge higher - Monday, February 17th, 2020
Asia Roundup: Aussie near 11-year low as jobs data disappoint, greenback rallies to multi-year peak on stronger risk appetite, Asian shares surge - Thursday, February 20th, 2020
Asia Roundup: Antipodeans plunge as pandemic fears grow, euro rallies to 2-week peak on stimulus expectations, Asian shares slump - Thursday, February 27th, 2020
Asia Roundup: Aussie strengthens on robust employment data, Asian markets noticeably down, gold back above $1,520 mark - Thursday, August 15, 2019
Economic Data Ahead
Key Events Ahead
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched slightly down 0.08% to 97.91.
EUR/USD: The euro trades marginally higher and currently trading around $1.1150 mark. It made intraday high at $1.1153 and low at $1.1132 mark. A consistent close below $1.1138 will drag the parity down towards key supports around $1.1075, $1.1026 and $1.0852 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1220, $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively.
USD/JPY: The Japanese yen trades flat against U.S. dollar, and consolidates around 105.95 mark. It made intraday high at 106.03 and low at 105.70 levels. A sustained close above 106.70 is required to take the parity higher towards key resistances around 107.56, 108.52, 109.62, 112.60 and 113.98 marks respectively. Alternatively, a daily close below 105.29 will drag the parity down towards key support around 104.20 mark.
GBP/USD: The pound trades almost flat against U.S. dollar and stabilizes above $1.20 mark. A sustained close below $1.2022 requires for dragging the parity down towards key support around $1.1920 and $1.1754 mark respectively. On the other side, key resistances are seen at $1.2226, $1.2383, $1.2576 and $1.2772 levels respectively.
AUD/USD: The Aussie rises against major peers on robust employment data. The pair made intraday high at $0.6783 and low at $0.6745 levels. A consistent close below $0.6747 requires for downside rally. On the other side, a sustained close above $0.6802 will take the parity higher towards $0.6977 and $0.7076 levels respectively.
NZD/USD: The New Zealand dollar falls gradually against U.S. dollar and currently stabilizes below $0.6480 mark. A sustained close above $0.6480 requires for the upside rally. Alternatively, key support was seen at $0.6434 mark.
Japan’s Nikkei was trading 1.68 pct lower at 20,320 mark.
Australia’s S&P/ASX200 was trading 2.66 pct lower at 6,421.55 points.
Hong Kong's hang seng index was trading 0.37 percent lower at 25,209.48 points.
Taiwan stock was trading 0.99 percent lower at 10,324.62 points.
South Korea and India markets will remain close for the day.
Oil prices were trading marginally lower on Thursday after the U.S. Energy Information Administration (EIA) reported a crude inventory build for a second week in a row. U.S. Crude Oil WTI Futures dropped 0.4% to $54.99. International Brent Oil Futures lost 0.6% to $59.12.
Gold reverses previous gain against U.S. dollar and currently touched $1,510 mark. Pair made intraday high at $1,524 and low at $1,510 mark. Sustained close above $1,515 requires for the upside rally. Alternatively, reversal from key resistance will drag the parity down towards $1,497 and $1,445 marks respectively.
The Australian 10-year government bond yield hit a record low during Asian trading session Thursday, as signs of a global economic recession stampede investors’ risk appetite. This comes in despite a promising report of the country’s employment report for the month of July, released early today. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped 5-1/2 basis points to 0.892 percent, the yield on the long-term 30-year bond plunged nearly 9-1/2 basis points to 1.457 percent while the yield on short-term 2-year traded flat at 0.735 percent.
The Japanese government bonds jumped Thursday on increased expectations the Bank of Japan (BoJ) will further ease monetary policy, on rising fears of a global economic downturn, with the U.S. treasury yield curve barely 2 basis points away from an inversion. The yield on the benchmark 10-year JGB note, which moves inversely to its price, plunged 23-1/2 basis points to -0.234 percent, the yield on the long-term 30-year suffered 4-1/2 basis points to 0.155 percent and the yield on short-term 2-year slumped nearly 28 basis points to -0.279 percent