Asia Roundup: Aussie near 3-week peak ahead of RBA policy meeting, dollar steadies against yen as investors eye U.S. services sector data, Asian shares at 4-month high - Monday, July 6th, 2020
Europe Roundup: Euro rises on upbeat Euro zone retail sales data, European shares gain, Gold ticks higher, Oil mixed on tighter supply, surge in U.S. virus cases-July 6th,2020
Europe Roundup: Euro rebounds as investors attention turns to EU recovery fund talks, European Stocks dips,Oil dips on demand fears as OPEC+ considers output increase-July 14th,2020
Asia Roundup: Yen rallies as coronavirus worries deepen, gold set for 5th straight weekly gain, Asian shares slump - Friday, July 10th, 2020
Europe Roundup: Sterling rises on delayed response to Sunak's economic plan,European shares gain, Gold rises towards nine-year peak , Oil slips as coronavirus fears offset gasoline recovery signs-July 9th,2020
America’s Roundup: U.S. dollar regains traction in FX markets, Wall Street drops, Gold retreats from near eight-year peak, Oil steadies as economic data overshadows coronavirus worries-July 8th,2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
Asia Roundup: Aussie extends gains on risk-on trades, yen rallies as COVID-19 cases grow, Asian shares surge - Thursday, July 9th, 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: Dollar decline continues as investors parse economic data, earnings, Wall Street advances, Gold firms, Oil slips on surge in COVID-19 infections, U.S.-China tension-July 14th,2020
Europe Roundup: Sterling rises to three-week highs on news of Brexit talks, European shares slip, Gold steadies, Oil stable as rising virus cases, higher U.S. crude stockpiles stall recovery-July 8th,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
America’s Roundup: Dollar falters as decent U.S. data curbs safe haven demand, Wall Street gains, Gold retreats from near 8-year peak, Oil prices firm on factory, inventory data-July 2nd, 2020
Asia Roundup: Yen rallies on fresh worries over coronavirus and U.S.-China tensions, Asian shares slump, investors eye EZ economic data - Tuesday, July 14th, 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
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: Japanese yen remains almost unchanged despite robust retail sales data, Asian markets mixed, gold stabilizes below $1,490 mark - Wednesday, October 30, 2019
Economic Data Ahead
Key Events Ahead
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.01% to 97.68.
EUR/USD: The euro remains almost unchanged against U.S. dollar and hovers around 1.11 mark. It made intraday high at $1.1114 and low at $1.1106 mark. A consistent close below $1.1079 will drag the parity down towards key supports around $1.1026 and $1.0852 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1158, $1.1220, $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively.
USD/JPY: The Japanese yen trades almost flat against U.S. dollar despite robust retail sales data. The pair is currently trading around 108.83 mark. It made intraday high at 108.89 and low at 108.81 levels. A sustained close above 108.93 is required to take the parity higher towards key resistances around 109.62, 112.60 and 113.98 marks respectively. Alternatively, a daily close below 108.38 will drag the parity down towards key support around 106.90 and 104.20 marks respectively.
GBP/USD: The pound trades flat against U.S. dollar and stabilizes above $1.2850 mark. The pair slipped after U.K. Prime Minister Boris Johnson failed to win support for an early general election. Now, UK parliament approves early general election on December 12. A sustained close below $1.2821 requires for dragging the parity down towards key support around $1.2644 and $1.2352 mark respectively. On the other side, key resistances are seen at $1.2911, 1.30, 1.3158 and 1.3226 levels respectively.
AUD/USD: The Aussie trades marginally lower against major peers immediately after CPI, mean CPI data. The pair made intraday high at $0.6871 and low at $0.6848 levels. A consistent close below $0.6820 requires for downside rally. On the other side, a sustained close above $0.6867 will take the parity higher towards $0.6977 and $0.7076 levels respectively.
NZD/USD: The New Zealand dollar moves in stiff boundaries from $0.6330 to $0.6375 levels. Pair made intraday high at $0.6368 and low at $0.6344. A sustained close above $0.6422 requires for the upside rally. Alternatively, current downside rally will take the parity down towards key supports around $0.6236 and $0.6196 levels respectively.
Japan’s Nikkei was trading 0.58 pct lower at 22,858.50 points.
Australia’s S&P/ASX200 was trading 0.94 pct lower at 6,682.55 points.
Hong Kong's hang seng index was trading 0.30 percent lower at 26,705.48 points.
Taiwan stock was trading 0.13 percent higher at 11,348.54.55 points.
South Korea’s kospi was trading 0.70 percent lower at 2,078.59 points.
India’s NSE Nifty was trading 0.50 pct higher at 11,847.80 points while BSE sensex was trading 0.54 points higher at 40,052.71 points.
Oil prices dropped on Wednesday ahead of Crude oil inventories report. Brent crude oil was down 14 cents at $61.44 a barrel. U.S. On the other side, West Texas Intermediate (WTI) crude was down 18 cents $55.48 a barrel, having dropped 0.5% in the previous session.
Gold was stabilizes below $1,490 mark on Wednesday and was currently trading around $1,488 mark. Gold faces strong resistance at $1,505 mark and sustained close above targets key resistances around $1,532 and $$1,552 mark respectively. Alternatively, a consistent close below $1,487 mark will drag the parity down towards $1,472 and $1,440 mark respectively.
The Australian government bonds jumped during Asian session Wednesday after the country’s consumer price inflation (CPI) for the third quarter of this year rose lower than prior reading in Q2, however, meeting market expectations. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, plunged nearly 4 basis points to 1.140 percent, the yield on the long-term 30-year bond also plummeted 4 basis points to 1.716 percent and the yield on short-term 2-year traded nearly 1-1/2 basis points down at 0.821 percent.
The Japanese government bonds surged at close Wednesday as investors await the country’s industrial production data for the month of September, scheduled to be released today by 23:50 GMT and the Bank of Japan’s (BoJ) monetary policy meeting, due to be held on October 31 for further direction to the debt market. At close, the yield on the benchmark 10-year JGB note, which moves inversely to its price, suffered 6 basis points to -0.117 percent, the yield on the long-term 30-year slumped 2 basis points to 0.404 percent and the yield on short-term 2-year suffered 9 basis points to -0.216 percent.