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
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 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 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
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
America’s Roundup: Dollar dips as infections spike hits confidence,Wall Street ends higher, Gold jumps, Oil up above 2% on tighter supplies, eased lockdowns-June 23rd 2020
Europe Roundup: Sterling gains on infrastructure spending promise, Brexit caps gains, European shares gain Gold holds close to near 8-year peak, Oil rises on improving economic data, supply cut-June 29th,2020
America’s Roundup: Dollar turns higher as focus turns to surging coronavirus cases, Wall Street jumps, Gold gains, Oil up more than 2% on U.S. jobs data but virus fears cap gains-July 3rd 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 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 as coronavirus surge unnerves investors European stocks dips, Gold soars towards 8-year high, Oil falls on rising stocks, worries of new virus wave-June 24th,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: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 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
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
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
Asia Roundup: Kiwi at 1-week peak as RBNZ stands pat, greenback consolidates ahead of Fed Chair Powells' testimony, Asian shares tumble - Wednesday, November 13th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index held firm near recent highs as investors now await U.S. Federal Reserve Chairman Jerome Powell's testimony on the economic outlook before the congressional Joint Economic Committee. The greenback against a basket of currencies traded flat at 98.33, having touched a high of 98.42 on Tuesday, its highest since October 15.
EUR/USD: The euro steadied after tumbling to a near 1-month low in the previous session, as Spain's Socialist party reached a preliminary coalition deal with the far-left Unidas Podemos following an inconclusive election on Sunday. The European currency traded flat at 1.1014, having touched a low of 1.1002 on Tuesday, its lowest since October 15. Investors’ attention will remain on a series of data from the Eurozone economies, and EZ industrial production, ahead of the U.S. consumer price index, monthly budget statement and Fed officials' speeches. Immediate resistance is located at 1.1035 (5-DMA), a break above targets 1.1062. On the downside, support is seen at 1.0985, a break below could drag it below 1.0957.
USD/JPY: The dollar rebounded from a near 1-week low hit earlier in the day after U.S. President Donald Trump said a trade deal with China was close but offered no new details on negotiations. However, the upside in the pair appears limited as the political unrest in Hong Kong continued to dent investor risk sentiment. The major was trading 0.05 percent up at 109.03, having hit a high of 109.48 on Thursday, its highest since May 31. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. consumer price index, monthly budget statement and Fed officials' speeches. Immediate resistance is located at 109.62 (May 31 High), a break above targets 109.92 (May 30 High). On the downside, support is seen at 108.75 (21-DMA), a break below could take it near at 108.49.
GBP/USD: Sterling consolidated within narrow ranges as investors remained cautious ahead of the December 12 election. An opinion poll by Survation showed the lead held by the Conservatives over the main opposition Labour party had narrowed over the past week. The major traded 0.05 percent up at 1.2838, having hit a high of 1.2897 on Monday, it’s highest since November 5. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2917, a break above could take it near 1.2972 (November 1 High). On the downside, support is seen at 1.2794, a break below targets 1.2768. Against the euro, the pound was trading flat at 85.71 pence, having hit a high of 85.57 on Monday, it’s highest since May 8.
AUD/USD: The Australian dollar plunged to a 2-week low due to lack of details about the U.S.-China trade talks in U.S. President Donald Trump's speech. The Aussie trades 0.05 percent down at 0.6842, having hit a low of 0.6830 earlier, it’s lowest since October 28. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6810, a break below targets 0.6784. On the upside, resistance is located at 0.6876, a break above could take it near 0.6907.
NZD/USD: The New Zealand dollar rallied by more than 1 percent to a 1-week peak after the Reserve Bank of New Zealand kept interest rates at an all-time low of 1 percent saying it saw no urgency to ease policy further. The Kiwi trades 0.9 percent up at 0.6392, having touched a high of 0.6416 earlier, its highest level since November 5. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6416, a break above could take it near 0.6435. On the downside, support is seen at 0.6313, a break below could drag it below 0.6289.
Asian shares tumbled on growing worries U.S.-China trade talks are stalling after President Donald Trump failed to deliver any new information on a trade deal between the two countries.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 percent.
Tokyo's Nikkei declined 0.9 percent to 23,304.64 points, Australia's S&P/ASX 200 index rose 0.8 percent to 6,701.00 points and South Korea's KOSPI fell 0.9 percent to 2,120.57 points.
Shanghai composite index eased 0.2 percent to 2,910.55 points, while CSI 300 index traded 0.05 percent up at 3,904.04 points.
Hong Kong’s Hang Seng traded 1.8 percent lower at 26,587.81 points. Taiwan shares shed 0.4 percent to 11,471.84 points.
Crude oil prices eased as prospects for a trade deal between the United States and China dimmed, weighing on the outlook for the global economy and energy demand. International benchmark Brent crude was trading 0.2 percent down at $61.79 per barrel by 0406 GMT, having hit a low of $60.65 on Friday, its lowest since November 1. U.S. West Texas Intermediate was trading 0.2 percent lower at $56.66 a barrel, after falling as low as $55.74 on Friday, its lowest since November 1.
Gold prices surged as investors remained cautious after a much-awaited speech by U.S. President Donald Trump gave no details on the signing of a trade deal with China. Spot gold was trading 0.2 percent at $1,458.90 per ounce by 0408 GMT, having touched a low of $1,445.51 on Tuesday, its lowest August 5. U.S. gold futures were up 0.3 percent at $1,458 per ounce.
The Australian government bonds remained flat during Asian session amid a muted trading day that witnessed data of little economic significance. However, U.S.-China trade tussle continues to draw headlines in the financial market ahead of Australia’s employment report for the month of October, scheduled to be released on November 14 by 00:30GMT. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, remained steady at 1.276 percent, the yield on the long-term 30-year bond also flat at 1.881 percent and the yield on short-term 2-year hovered around 0.861 percent by 04:20GMT.