Asia Roundup: Antipodeans ease on risk aversion, yen gains as virus spread accelerates, Asian shares slump - Friday, November 13th, 2020
America’s Roundup: U.S. dollar weakens for fifth day on vaccine optimism, Wall Street closes lower, Gold slips, Oil gains 1% on potential OPEC+ rethink and vaccine hopes-November 19th,2020
America’s Roundup: Dollar index drops as boost from vaccine eases, Wall Street rises, Gold gains, Oil falls on rising Libya output, coronavirus surge-November 14th,2020
Asia Roundup: Aussie at 1-week peak following RBA minutes, dollar slumps against yen amid worries about second coronavirus wave, Biden transition; Asian shares surge on vaccine hopes - Tuesday, November 17th, 2020
Europe Roundup: Euro eases on rising on COVID-19 count, European stocks slide, Gold slips, Oil prices dip as COVID-19 cases outweigh vaccine optimism-November 19th,2020
America’s Roundup: Dollar rises again as markets adjust to vaccine hope and higher yields, Wall Street ends mixed, Gold inches up, Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown-November 12th,2020
America’s Roundup: Dollar slips to two-month low, Wall Street rally, Gold trends higher, Oil falls 4% as U.S. vote count continues, coronavirus cases rise-November 7th,2020
America’s Roundup: Dollar hits three-week highs versus Japanese yen after vaccine news,Wall Street ends mixed, Gold gains,Oil gains nearly 3% on vaccine hopes, even as nations reimpose lockdowns-November 11th,2020
Europe Roundup: Sterling down as Britain's economy struggles to maintain recovery ,European shares fall, Gold edges higher, Oil keeps climbing on hopes OPEC+ will hold back supply as COVID-19 cases rise-November 12th,2020
Europe Roundup: Euro gains as ECB's cautious optimism on vaccine supports single currency, European shares edged lower ,Gold steady, Oil falls on COVID-19 surge but on track for weekly gain-November 13th,2020
America’s Roundup:Dollar gains against yen as Pfizer vaccine news boosts risk appetite, Wall Street ends mixed, Gold plunges 5%, Oil soars 8% on promising COVID-19 vaccine results-November 10th,2020
Asia Roundup: Kiwi rallies to 19-month peak as investors await RBNZ policy meeting, dollar steadies against yen as risk sentiment improves, investors eye BoE Bailey's speech - Monday, November 9th, 2020
Asia Roundup: Kiwi at 20-month peak as negative rate speculations ease, yen gains as investors adjust vaccine expectations, Asian shares surge - Thursday, November 20th, 2020
Europe Roundup:Euro little changed against dollar as vaccine cheers fades ,European shares gain, Gold little changed,Oil rises on hopes for delay to OPEC+ supply increase-November 18th,2020
Europe Roundup: Euro gains as investors await clear U.S. election verdict, European stocks dips, Gold steady, Oil falls as virus cases rise, U.S. vote count continues-November 6th,2020
Europe Roundup: Euro edges higher as vaccine and recovery hopes lift investor spirits, European shares rise, Gold slides 1%, Oil moves higher on latest COVID-19 vaccine progress-November 16th,2020
Asia Roundup: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased as Texas, Arizona and Nevada set records for a second week in their coronavirus outbreaks and 10 other states from Florida to California were grappling with surging infections. The greenback against a basket of currencies traded 0.1 percent down at 96.57, having touched a high of 97.74 on Monday, its highest since June 2.
EUR/USD: The euro surged, extending gains for the third straight session, as business surveys from France and Germany suggested both the economies were recovering from the depths of the COVID-19 crisis as they came out of lockdown. The European currency traded 0.1 percent up at 1.1322, having touched a low of 1.1168 on Friday, its lowest since June 3. Investors’ attention will remain on a series of data from Eurozone economies, ECB non-monetary policy meeting and ECB Lane's speech, ahead of U.S. housing price index and Fed officials' speech. Immediate resistance is located at 1.1353, a break above targets 1.1383. On the downside, support is seen at 1.1270 (10-DMA), a break below could drag it below 1.1237 (5-DMA).
USD/JPY: The dollar rebounded from a near 7-week low, as upbeat data out of Europe stoked hopes for a global economic recovery and underpinned appetite for riskier currencies. The major was trading 0.1 percent up at 106.59, having hit a low of 106.07 on Tuesday, its lowest since May 7. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. housing price index and Fed officials' speech. Immediate resistance is located at 106.84 (5-DMA), a break above targets 107.02 (10-DMA). On the downside, support is seen at 106.22, a break below could take it near at 105.99.
GBP/USD: Sterling eased after surging in the prior session on UK's better than expected PMI. The IHS Markit/CIPS flash composite Purchasing Managers’ Index, which measures activity in the services sector and manufacturing, advanced to 47.6 in June from 30.0 in May. The major traded 0.1 percent down at 1.2502, having hit a low of 1.2335 on Monday, 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 1.2566, a break above could take it near 1.2605. On the downside, support is seen at 1.2478, a break below targets 1.2458. Against the euro, the pound was trading 0.2 percent down at 90.48 pence, having hit a low of 90.78 on Tuesday, it’s lowest since March 27.
AUD/USD: The Australian dollar rallied amid growing optimism despite spiking coronavirus cases in the United States, Germany and elsewhere. The Aussie trades 0.1 percent up at 0.6936, having hit a high of 0.6974 on Tuesday, it’s highest since June 16. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6987, a break above could take it near 0.7012. On the downside, support is seen at 0.6893 (10-DMA) a break below targets 0.6857 (21-DMA).
Asian shares gained as investors remained upbeat on the outlook for a re-opening of the global economy even as cases of the coronavirus rose to record peaks.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.4 percent.
Tokyo's Nikkei fell 0.05 percent to 22,534.32 points, Australia's S&P/ASX 200 index surged 0.2 percent to 5,965.70 points. South Korea's KOSPI rallied 1.6 percent to 2,165.08 points.
Shanghai composite index rose 0.4 percent to 2,981.22 points, while CSI 300 index traded 0.5 percent up at 4,143.79 points.
Hong Kong’s Hang Seng traded 0.2 percent lower at 24,868.00 points. Taiwan shares added 0.4 percent to 11,660.67 points.
Crude oil prices declined, extending losses from the previous day, after U.S. crude stockpiles grew more than expected, adding to worries about oversupply. International benchmark Brent crude was trading 0.6 percent higher at $42.59 per barrel by 0544 GMT, having hit a high of $43.92 on Tuesday, its highest since March 9. U.S. West Texas Intermediate was trading 0.5 percent up at $40.20 a barrel, after rising as high as $41.61 on Tuesday, its highest since March 6.
Gold prices rallied to its highest level since October 2012, as worries over a rise in coronavirus infections and hopes of more stimulus measures to combat the economic blow boosted the metal's appeal. Spot gold was trading 0.1 percent up at $1,769.75 per ounce by 0557 GMT, having touched a high of $1,773.55 earlier, its highest since late 2012. U.S. gold futures rose 0.4 percent to $1,789.20.
On Tuesday, the benchmark U.S. 10-year yield was up less than a basis point at 0.7102 percent, while the two-year U.S. Treasury yield was unchanged at 0.1918 percent.