Asia Roundup: Kiwi slumps to 4-week trough as RBNZ hints at further easing, Aussie plunges as Westpac expects monetary easing by RBA, Asian shares volatile - Wednesday, September 23rd, 2020
Asia Roundup: Antipodeans at multi-week lows on additional monetary easing expectations, dollar rallies amid coronavirus concerns, Asian shares plunge amid fading global recovery hopes - Thursday, September 24th, 2020
Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,2020
Europe Roundup: Euro falls on concerns about fresh lockdowns in Europe,European stocks bounce,Gold falls, Oil rises on expectation demand can survive new lockdowns-September 22nd 2020
Asia Roundup: Antipodeans halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 2020
Asia Roundup: Dollar eases on growing concerns over U.S. stimulus, euro rallies on ECB Lagarde's comments, investors eye U.S. CPI data - Friday, September 11th, 2020
Europe Roundup:Euro dips on fading economic recovery hopes in Eurozone, European stocks slip to 3-month lows,Gold slides to two-month low, Oil falls as frail demand outlook outweighs U.S. stock drawdown-September 24th,2020
America’s Roundup: Dollar gains as risk assets tumble on rising COVID-19 cases, U.S. election uncertainty, Wall Street ends lower, Gold slides 3%, Oil falls 5% as economic outlook dims with rising virus cases-September 22nd 2020
Europe Roundup: Euro falls as rising COVID-19 cases unnerve investors, European stocks slips, Gold drops to near two-week low, Oil prices slip on potential Libyan output return, demand concerns-September 21st,2020
Asia Roundup: Kiwi at over 1-year peak as FinMin Robertson rules out RBNZ’s rate change, greenback plunges on downbeat data, Asian shares edge higher - Friday, September 18, 2020
Europe Roundup:Euro edges higher as investors await Fed statement, European stocks gains,Gold rises, Oil jumps above $41 as storm hits U.S. output, inventories drop-September 16th,2020
America’s Roundup: U.S. dollar skids to two-week low vs yen as Fed looms,Wall Street climbs, Gold slips, Oil rises over 2% as U.S. Gulf Coast braces for hurricane -September 16th,2020
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 2020
Europe Roundup: Euro firms as ECB policymakers calm worries,European shares flat, Gold slips, Oil falls on U.S. market slide, surprise inventories rise-Sep 11th,2020
America’s Roundup: Dollar gains after Fed upgrades economic outlook, Wall Street ends mixed, Gold gains,Oil up more than 4% as U.S. stockpiles fall, hurricane hits output-September 17th,2020
Asia Roundup; Antipodeans rebound from multi-week lows, dollar gains against yen on renewed stimulus hopes, Asian shares surge - Friday, September 25th, 2020
Asia Roundup: Dollar gains against yen as investors await U.S. stimulus talks, Asian shares rally - Tuesday, August 11th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index held firm near a 1-week peak, as investors kept an eye on the rapidly deteriorating relationship between Washington and Beijing. China imposed sanctions on 11 U.S. citizens, including Republican lawmakers, following Washington’s sanctions on Hong Kong and Chinese officials. The greenback against a basket of currencies traded 0.05 percent up at 93.51, having touched a high of 93.72 earlier, its highest since August 4.
EUR/USD: The euro steadied after tumbling to a 1-week low earlier in the session, as investor morale in the euro zone rose for a fourth consecutive month in August but the low reading suggests that the coronavirus-hit economy is still in recession in the third quarter. The European currency traded 0.1 percent higher at 1.1751, having touched a high of 1.1916 on Thursday, its highest since May 2018. Investors’ attention will remain on a series of data from Eurozone economies and EZ Survey- Economic Sentiment, ahead of the U.S. producer price index. Immediate resistance is located at 1.1795 (10-DMA), a break above targets 1.1812. On the downside, support is seen at 1.1698, a break below could drag it below 1.1660.
USD/JPY: The dollar rallied to a 1-week peak as U.S. congressional leaders and Trump administration officials said they were ready to resume negotiations on a coronavirus aid deal. The major was trading 0.2 percent up at 106.12, having hit a high of 106.17 earlier, its highest since August 4. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. producer price index. Immediate resistance is located at 106.33, a break above targets 106.56. On the downside, support is seen at 105.75 (5-DMA), a break below could take it near at 105.52 (5-DMA).
GBP/USD: Sterling surged, extending previous session gains, ahead of UK unemployment later in the day. Britain’s finance minister Rishi Sunak said on Friday that extending a furlough scheme which is due to expire at the end of October would leave some workers trapped in the false hope that they could return to their jobs after the pandemic. The major traded 0.1 percent higher at 1.3080, having hit a high of 1.3185 on Thursday, it’s highest since March 9. Investors’ attention will remain on the geopolitical developments, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3110, a break above could take it near 1.3147. On the downside, support is seen at 1.3004, a break below targets 1.2977. Against the euro, the pound was trading 0.1 percent lower at 89.84 pence, having hit a high of 89.69 earlier, it’s highest since July 13.
AUD/USD: The Australian dollar rose, halting a 2-day losing streak, as the U.S. dollar seemed stuck in a long-term downtrend. The Aussie trades 0.2 percent higher at 0.7164, having hit a high of 0.7243 on Friday, it’s highest since Feb. 6. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.7197, a break above could take it near 0.7241. On the downside, support is seen at 0.7123, a break below targets 0.7105 (21-DMA).
Asian shares rallied on relief that the latest flare-up in tensions between U.S. and China appears not to have spilled over into trade.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose nearly 1 percent.
Tokyo's Nikkei declined 1.9 percent to 22,750.24 points, Australia's S&P/ASX 200 index rallied 0.5 percent to 6,138.70 points. South Korea's KOSPI gained 1.5 percent to 2,421.92 points.
Shanghai composite index eased 0.6 percent to 3,357.72 points, while CSI 300 index traded 0.5 percent down at 4,699.31 points.
Hong Kong’s Hang Seng traded 1.7 percent lower at 24,780.52 points. Taiwan shares shed 0.7 percent to 12,780.19 points.
Crude oil prices surged, extending previous session gains, underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopened. International benchmark Brent crude was trading 0.6 percent up at $44.33 per barrel by 0532 GMT, having hit a high of $46.21 on Wednesday, its highest since March 6. U.S. West Texas Intermediate was trading 0.7 percent higher at $42.24 a barrel, after rising as high as $43.50 on Wednesday, its highest since March 6.
Gold prices declined to a near 1-week earlier in the session as the dollar firmed after Beijing imposed sanctions on U.S. officials in the latest flare-up in tensions between Washington and Beijing, with investors also keeping a close watch on negotiations over a U.S. stimulus plan. Spot gold was trading 0.9 percent lower to $2,008.95 per ounce by 0542 GMT, drifting further away from a record high of $2,075.28 hit last week. U.S. gold futures fell 0.6 percent to $2,028.10.
The U.S. Treasury yields edged lower, with the benchmark 10-year note yield trading at 0.580 percent.