America’s Roundup: Dollar retreats on trade uncertainty, Wall Street ends higher,Gold firms,Oil little changed despite OPEC+ plan to deepen cuts-December 6th,2019
Europe Roundup: Sterling declines as polls show Conservative lead narrowing, euro halts 4-day losing streak as German consumer sentiment improves, European shares tumble - Tuesday, November 26th, 2019
Europe Roundup: Sterling gains as poll shows Conservative lead, Swiss franc at 1-1/2 month low on trade deal optimism, European shares at 4-year peak - Wednesday, November 27th, 2019
Europe Roundup: Sterling rebounds from 1-1/2 week low, dollar rallies against yen on renewed U.S.-China deal hopes, investors eye Fed Powell's speech - Monday, November 25th, 2019
Europe Roundup: Sterling rallies above 1.3100 ahead of next week's election; Swiss franc, yen ease on U.S.-China trade optimism, European shares rally - Thursday, December 5th, 2019
America’s Roundup: Dollar firms above 1-month lows on trade tensions, Wall Street bounces, Gold retreats, Oil jumps 4% on U.S. stockpiles drop-December 5th,2019
Asia Roundup: Euro gains ahead of EZ flash CPI, greenback firm near 2-week peak as upbeat U.S. data trims Fed cut bets, Asian shares plunge - Friday, November 29th, 2019
America's Roundup:Dollar hits one-week high vs yen as risk sentiment improves, Gold slides , Oil steadies on U.S.-China trade talks optimism-November 26th,2019
America's Roundup: Dollar loses trade uncertainty weighs,Wall Street slips, Gold gains, Oil slumps but sets monthly gain ahead of OPEC meeting-November 30th,2019
America’s Roundup: Dollar on defensive after new US-China trade wrinkle, Wall Street falls, Gold jumps over 1%, Oil falls after Trump warns of China trade deal delay-December 4th,2019
Asia Roundup: Kiwi rallies to 4-month peak as RBNZ increases bank capital requirements, greenback eases on soft U.S. services report, investors eye OPEC meetings - Thursday, December 5th, 2019
Europe Roundup: Sterling eases below 1.2900 as probability of a hung parliament increases, euro tumbles as EZ factory activity declines, investors eye ECB President Lagarde's speech - Monday, December 2nd, 2019
Asia Roundup: Aussie rallies as RBA stands pat, greenback eases following weak U.S. manufacturing data, Asian shares plunge on Trump's Latin American tariffs - Tuesday, December 3rd, 2019
Asia Roundup: Antipodeans surge, dollar rallies against yen on upbeat Chinese factory activity, Asia shares advance - Monday, December 2nd, 2019
America's Roundup: Dollar gains after stronger-than-expected U.S. jobs report, Gold slips 1%,Wall Street climbs ,Oil rises sharply this week as OPEC+ agrees on deeper output cuts-December 7th,2019
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.
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