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 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
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
Europe Roundup: Sterling slips further to $1.24, weighed down by Brexit,European shares rise, Gold on course for third weekly gain, Oil prices inch up as demand upswing counters virus concerns-June 26th,2020
Europe Roundup: Sterling gains on weaker dollar, Brexit hopes, European shares dips,Gold hits 1-month peak, Oil steady as a rise in virus cases counters tighter supplies-June 22nd 2020
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 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
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
America’s Roundup: Dollar records small weekly gain on safe-haven demand, Wall Street climbs, Gold rises, Oil boosted by OPEC+ cuts even as virus weighs on market-June 20th,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 edges lower amid uncertain U.S. outlook, Wall Street gains,Gold gains, Oil slips slightly on rising coronavirus cases, returning Libyan supplies-1st July 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
Asia Roundup: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 2020
America’s Roundup: U.S. dollar rises as surge in coronavirus cases boosts haven bid,Wall Street falls, Gold slides, Oil settles lower on rise in U.S. coronavirus cases-June 27th,2020
Asia Roundup: Aussie at 1-week peak on Trump's assurance over U.S.-China trade pact, dollar gains as traders speculate pandemic recovery, Asian shares rebound - Tuesday, June 23rd, 2020
Europe Roundup: Euro dips lower against dollar as markets balanced hopes for a global economic recovery, European stocks dips,Gold hits 8-year peak.Oil rises on manufacturing data, U.S. inventories-July 1st 2020
Asia Roundup: Dollar rallies against yen on easing of coronavirus lockdowns, Asian shares rally, investors eye U.S. consumer confidence data - Tuesday, May 26th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index declined, halting a 3-day rally, amid easing coronavirus-induced lockdown restrictions, while investors awaited the U.S. consumer confidence data due at 1400 GMT for more clues about the health of the economy. The greenback against a basket of currencies traded 0.3 percent up at 99.56, having touched a low of 99.00 on Wednesday, its lowest since May 4.
EUR/USD: The euro surged as the market overlooked a paper from Austria, Sweden, Denmark and the Netherlands opposing the EU’s planned grants-based recovery fund and awaited the European Commission’s own release later this week. The European currency traded 0.3 percent up at 1.0925, having touched a high of 1.1008 on Thursday, its highest since May 1. Investors’ attention will remain on a series of data from Eurozone economies ahead of the U.S. new home sales, consumer confidence, housing price index, Chicago Fed National Activity Index and Fed officials speech. Immediate resistance is located at 1.0948, a break above targets 1.0976. On the downside, support is seen at 1.0871 (21-DMA), a break below could drag it below 1.0855.
USD/JPY: The dollar rose, extending previous session gains, as growing optimism about a global recovery from the COVID-19 pandemic supported investor risk sentiment. However, the upside appears limited as the handling of the pandemic and China’s move to impose laws on Hong Kong further deteriorated the U.S.-China relations. The major was trading 0.2 percent up at 107.88, having hit a high of 108.08 last week, its highest since Apr. 13. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. new home sales, consumer confidence, housing price index, Chicago Fed National Activity Index and Fed officials speech. Immediate resistance is located at 108.10, a break above targets 108.47. On the downside, support is seen at 107.38 (10-DMA), a break below could take it near at 107.06 (21-DMA).
GBP/USD: Sterling rallied above the 1.2200 handle after Prime Minister Boris Johnson stated that Britain will reopen thousands of high street shops, department stores and shopping centres next month, setting out a timetable for businesses as part of moves to ease the coronavirus lockdown. The major traded 0.5 percent up at 1.2239, having hit a low of 1.2075 last week, it’s lowest since Mar. 26. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2296, a break above could take it near 1.2343. On the downside, support is seen at 1.2130, a break below targets 1.2099. Against the euro, the pound was trading 0.2 percent up at 89.23 pence, having hit a low of 90.00 on Thursday, it’s lowest since March 27.
AUD/USD: The Australian dollar gained after China’s central bank Governor Yi Gang flagged further easing in an interview published by the People’s Bank of China. The Aussie trades 0.6 percent up at 0.6580, having hit a high of 0.6616 on Wednesday, it’s highest since March 9. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6620, a break above could take it near 0.6664. On the downside, support is seen at 0.6509 (10-DMA), a break below targets 0.6490 (21-DMA).
Asian shares advanced as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.
MSCI's broadest index of Asia-Pacific shares outside Japan rallied 1.6 percent.
Tokyo's Nikkei surged 2.6 percent to 21,271.17 points, Australia's S&P/ASX 200 index rallied 2.9 percent to 5,780.00 points. South Korea's KOSPI gained 1.7 percent to 2,029.21 points.
Shanghai composite index rose 0.9 percent to 2,845.69 points, while CSI 300 index traded 1.1 percent up at 3,872.62 points.
Hong Kong’s Hang Seng traded 2.2 percent higher at 23,457.37 points. Taiwan shares shed 1.2 percent to 10,997.21 points.
Crude oil prices rose on signs that producers are sticking to commitments to cut crude supply and as the number of U.S. and Canadian rigs dropped to record lows for the third week running. International benchmark Brent crude was trading 1.9 percent higher at $36.18 per barrel by 0551 GMT, having hit a high of $36.96 on Thursday, its highest since March 11. U.S. West Texas Intermediate was trading 1.6 percent up at $34.36 a barrel, after rising as high as $34.64 on Thursday, its highest since March 11.
Gold prices surged as growing U.S.-China tensions over Hong Kong lifted demand for the safe-haven metal, although easing coronavirus-induced lockdown restrictions limited gains. Spot gold rose 0.2 percent to $1,733.33 per ounce by 0554 GMT, having touched a low of $1,717.56 on Thursday, its lowest since May 14. U.S. gold futures were down 0.1 percent to $1,733.50.
The yields on U.S. 10-year notes were trading at 0.67 percent having recovered from a blip up to 0.68 percent last week.