Asia Roundup: Dollar steadies across the board on U.S. stimulus hopes, gold eases from record peak on profit taking, Asian shares nudge higher - Tuesday, July 28th, 2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street pauses, Gold retreats from record peak. Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,2020
Europe Roundup : Euro little changed as investors await Fed meeting, European share flat, Gold eases, Oil prices jump on U.S. inventory drop-July 29th,2020
Asia Roundup: Aussie off 6-month peak on RBA's downbeat economic assessment, greenback steadies near multi-month lows as traders await U.S. nonfarm payrolls, Asian shares ease on U.S.-China tensions - Friday, August 7th, 2020
Europe Roundup: Sterling rises to five-month high against dollar as BoE signals sub-zero rates not imminent, European shares dip, Gold flirts with record peak, Oil prices pull back from five-month highs as rising product stocks weigh-August 6th,2020
Europe Roundup: Euro rise after positive economic indicators, European shares gains, Gold rise to new record high, Oil prices rise as U.S. crude inventories show large drop-August 5th,2020
Europe Roundup:Euro dips on renewed U.S.-Sino tensions, jobs data eyed, European stocks flat, Gold eases, Oil slips below $45 on demand concerns, set for weekly rise-August 7th,2020
Europe Roundup: Sterling rises ahead of UK data,, European shares gain, Gold eases, Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut-August 10th,2020
Asia Roundup: Dollar steadies near 2-year low as investors turn to Congress for stimulus, Asian shares surge, markets await EZ economic data - Thursday, July 30th, 2020
Asia Roundup: Sterling at 5-month peak as BoE stands pat, dollar eases as investors fret over U.S. recovery, Asian shares subdued - Thursday, August 6th, 2020
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
Europe Roundup: Sterling heads lower after early gains, European shares dips,Gold edges back from record peak, Oil falls as rising virus cases overshadow demand recovery-August 4th,2020
Asia Roundup: Dollar slumps across the board on abysmal U.S. economic data, Asian shares plunge, investors eye EZ CPI - Friday, July 31st, 2020
America’s Roundup: Dollar retreats on stimulus talks, Wall Street ends higher, Gold gains, Oil edges up to highest since March on hopes for U.S. stimulus-August 5th,2020
Asia Roundup: Dollar eases as second wave virus fears offset economic recovery hopes, Asian shares nudge lower, investors eye EU Summit - Friday, June 19th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased from a 2-week peak as a resurgence in coronavirus cases offset confidence in a rapid economic recovery. The greenback against a basket of currencies traded 0.1 percent down at 97.38, having touched a high of 97.58 on Thursday, its highest since June 4.
EUR/USD: The euro rose, halting a 3-day losing streak, as investors awaited a European Union summit beginning later in the day, where bloc leaders are trying to navigate regional divisions to deliver a 750 billion euro coronavirus recovery fund. The European currency traded 0.1 percent up at 1.1250, having touched a low of 1.1185 on Thursday, its lowest since June 3. Investors’ attention will remain on a series of data from Eurozone economies, and EZ current account, ahead of U.S. current account, Fed Quarles speech and Fed Chair Powell's speech. Immediate resistance is located at 1.1257 (5-DMA), a break above targets 1.1288 (10-DMA). On the downside, support is seen at 1.1174 (21-DMA), a break below could drag it below 1.1154.
USD/JPY: The dollar declined, extending losses for the fourth straight session, weighed down by geopolitical tensions on the Korean peninsula, in the Himalayas and between China and its trading partners. On Thursday, U.S. President Donald Trump renewed his threat to cut ties with China, a day after the first high-level talks between the countries in months. The major was trading 0.1 percent down at 106.81, 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. current account, Fed Quarles speech and Fed Chair Powell's speech. Immediate resistance is located at 107.27, a break above targets 107.64. On the downside, support is seen at 106.58, a break below could take it near at 105.99.
GBP/USD: Sterling nudged up after tumbling to a 2-1/2 week low below the 1.2500 handle in the prior session on Bank of England's decision to increase its bond-buying programme by 100 billion pounds ($125 billion) to bolster the coronavirus-hit economy. The major traded 0.2 percent up at 1.2443, having hit a low of 1.2401 on Thursday, 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 1.2484 (21-DMA), a break above could take it near 1.2538 (5-DAM). On the downside, support is seen at 1.2377, a break below targets 1.2344. Against the euro, the pound was trading 0.1 percent up at 90.09 pence, having hit a low of 90.41 on Thursday, it’s highest since May 29.
AUD/USD: The Australian dollar consolidated within narrow ranges as investors kept a wary eye on Australian trade ties, amid growing relation strains with China, over the handling of the coronavirus outbreak. The Aussie trades 0.1 percent up at 0.6860, having hit a low of 0.6776 on Monday, it’s lowest since June 2. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6902, a break above could take it near 0.6921 (10-DMA). On the downside, support is seen at 0.6808 (21-DMA), a break below targets 0.6776.
Asian shares nudged lower as lingering concerns about a second pandemic wave offset growing hopes for a quick economic recovery.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.06 percent.
Tokyo's Nikkei surged 0.6 percent to 22,484.22 points, Australia's S&P/ASX 200 index gained 0.2 percent to 5,946.80 points. South Korea's KOSPI tumbled 0.05 percent to 2,132.23 points.
Shanghai composite index rose 0.9 percent to 2,965.94 points, while CSI 300 index traded 1.4 percent up at 4,100.82 points.
Hong Kong’s Hang Seng traded 0.7 percent higher at 24,651.00 points. Taiwan shares added 0.05 percent to 11,549.86 points.
Crude oil prices rallied to a near 2-week peak after OPEC producers and allies promised to meet their supply cut commitments, while two major oil traders said demand was recovering well. International benchmark Brent crude was trading 0.8 percent higher at $41.81 per barrel by 0455 GMT, having hit a high of $42.01 earlier, its highest since June 8. U.S. West Texas Intermediate was trading 0.8 percent up at $39.14 a barrel, after rising as high as $39.47 earlier, its highest since June 10.
Gold prices surged, supported by concerns over a second wave of coronavirus infections, although a stronger U.S. dollar limited gains. Spot gold was trading 0.2 percent at $1,726.76 per ounce by 0505 GMT, having touched a high of $1,744.91 last week, its highest since June 2. The metal has fallen 0.3 percent so far this week. U.S. gold futures rose 0.2 percent to $1,733.90.
The benchmark 10-year U.S. Treasury notes fell in price to yield to 0.7068 percent, from 0.694 percent late on Thursday.