Europe Roundup: Euro dips as Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,2020
Europe Roundup: Euro gains as soft U.S. data, uncertainty darken outlook, European share dips, Gold rises, Oil prices mixed as OPEC boost countered by Libyan developments-September 18th,2020
America’ Roundup: Sterling regains lost ground after BoE negative rate talk,Wall Street falls ,Gold slips ,Oil rises 2%, reverses loses as OPEC+ addresses market weakness-September 18th,2020
Europe Roundup: Euro edge down ahead of U.S. jobs data, European shares gain, Gold gains, Oil holds above $44, heads for weekly drop on demand concerns-September 4th,2020
Europe Roundup: Euro drifts lower ahead of ECB meeting, European stocks slip,Gold eases, Oil slides over 3% to lowest since June on demand fears-September 8th,2020
Asia Roundup: Aussie gains on China's better-than-expected trade surplus, greenback eases on economic recovery concerns, Asian shares consolidate - Monday, September 7th, 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
Europe Roundup: Euro edges higher on ECB day, all eyes on inflation comments, European shares inch higher, Gold hits one-week high, Brent oil benchmark dips but stays over $40 a barrel-September 10th,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
America’s Roundup: Dollar falls against the yen,Wall Street ends lower,Gold rises, Oil flat as Libya developments counter OPEC+ boost-September 19th,2020
America’s Roundup: Dollar dips dovish U.S. Fed policy bets,Wall Street climbs,Gold gains, Oil edges lower, shrugging off Gulf of Mexico shut-ins-September 16th,2020
Europe Roundup: Sterling falls to 6-week low vs dollar, European shares inch higher, Gold falls, Oil prices reverse some losses but demand concerns persist-September 9th,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: 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
America’s Roundup: Dollar retreats post U.S. jobs data, ECB decision ,Wall Street ends lower,Gold gains, Oil prices slide near 2% after surprise U.S. crude stock build-September 11th,2020
Asia Roundup: Aussie declines as consumer inflation expectations ease, euro rebounds on improving economic outlook hopes, investors eye ECB policy decision - Thursday, September 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
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rebounded from an over 2-year low as high-ranking Trump administration officials met privately with lawmakers from both parties to see if they can bridge differences over the enhanced unemployment benefit. The greenback against a basket of currencies traded 0.3 percent up at 93.58, having touched a low of 93.18 on Wednesday, its lowest since May 2018.
EUR/USD: The euro declined after rising to a near 2-year high above the 1.1800 handle in the prior session, as the greenback surged across the board. The European currency traded 0.3 percent lower at 1.1761, having touched a high of 1.1806 on Wednesday, its highest since September 2018. Investors’ attention will remain on a series of data from Eurozone economies, EZ economuc sentiment indicator, unemployment data and German consumer price index, ahead of the U.S. Q2 preliminary gross domestic product price index, unemployment benefit claims, and personal consumption expenditures. Immediate resistance is located at 1.1826, a break above targets 1.1855. On the downside, support is seen at 1.1701 (5-DMA), a break below could drag it below 1.1658.
USD/JPY: The dollar rose, retreating from a near 5-month low and halting a 5-day losing streak as Federal Reserve policymakers repeated a pledge to use their full range of tools to support the economy and keep interest rates near zero for as long as it takes to recover from the epidemic. The major was trading 0.3 percent up at 105.21, having hit a low of 104.77 the day before, its lowest since March 13. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. Q2 preliminary gross domestic product price index, unemployment benefit claims, and personal consumption expenditures. Immediate resistance is located at 105.66 (5-DMA), a break above targets 105.96. On the downside, support is seen at 104.43, a break below could take it near at 104.09.
GBP/USD: Sterling eased from a near 4-1/2 month peak amid concerns about the impact of the coronavirus pandemic and the lack of progress of Brexit negotiations. The European Union stated that a deal needs to be done by October to allow time for ratification by the end of the year. The major traded 0.4 percent down at 1.2951, having hit a high of 1.3013 on Wednesday, it’s highest since March 100. Investors’ attention will remain on the geopolitical developments, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3023, a break above could take it near 1.3063. On the downside, support is seen at 1.2901, a break below targets 1.2868 (5-DMA). Against the euro, the pound was trading 0.05 percent down at 90.75 pence, having hit a high of 90.35 on Wednesday, it’s highest since July 21.
AUD/USD: The Australian dollar slumped from an over 1-year high after data showed that the country's building permits unexpectedly fell 4.9 percent on a monthly basis in June, defying market forecast for a rise of 1.5 percent and compared to a drop of 16.4 percent in the prior month. The Aussie trades 0.6 percent lower at 0.7141, having hit a high of 0.7197 on Wednesday, it’s highest since April 18. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.7245, a break above could take it near 0.7273. On the downside, support is seen at 0.7112, a break below targets 0.7093 (10-DMA).
Asian shares surged, boosted by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve left interest rates near zero.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent.
Tokyo's Nikkei declined 0.2 percent to 22,339.23 points, Australia's S&P/ASX 200 index rose 0.7 percent to 6,051.10 points. South Korea's KOSPI surged 0.2 percent to 2,267.01 points.
Shanghai composite index fell 0.2 percent to 3,287.13 points, while CSI 300 index traded 0.4 percent down at 4,659.13 points.
Hong Kong’s Hang Seng traded 0.2 percent lower at 24,833.18 points. Taiwan shares added 1.5 percent to 12,722.92 points.
Crude oil prices declined amid concerns that surging coronavirus infections could dent a recovery in fuel demand. International benchmark Brent crude was trading 0.2 percent down at $43.66 per barrel by 0543 GMT, having hit a low of $42.37 on Monday, its lowest since July 20. U.S. West Texas Intermediate was trading 0.3 percent lower at $41.19 a barrel, after falling as low as $40.51 on Monday, its lowest since July 20.
Gold prices eased from record peak as the U.S. Federal Reserve’s vow to support the coronavirus-ravaged economy boosted risk sentiment. Spot gold was trading 0.6 percent down at $1,959.14 per ounce by 0552 GMT, having hit an all time high of $1,981.35 on Tuesday. U.S. gold futures fell 0.1 percent to $1,951.05.
The U.S. Treasury yields edged lower, with the benchmark 10-year note yield trading at 0.564 percent.