Europe Roundup: Sterling rallies above 1.2400 on Brexit deal hopes, gold set for third weekly decline, investors eye U.S. retail sales - Friday, September 13th, 2019
Asia Roundup: Aussie at 6-week peak amid optimism around U.S.-China trade talks, dollar gains against yen as risk appetite improves, Asian shares surge - Wednesday, September 11th, 2019
Europe Roundup: Sterling at 1-month peak as UK economy shows unexpected strength, euro rallies as EZ investor morale improves, European shares surge - Monday, September 9th, 2019
Europe Roundup: Sterling gains as no-deal Brexit fears ease, euro at 1-week peak as new Italian coalition government unveils cabinet, European shares surge - Thursday, September 5th, 2019
Europe Roundup: Sterling off highs amid persisting no-deal Brexit concerns, greenback gains ahead of Fed policy meeting, oil rallies on Saudi facility attacks- Monday, September 16th, 2019
Europe Roundup: Sterling consolidates near 6-week peak, Swiss franc, yen declines as China exempts some U.S. goods from retaliatory tariffs, European shares at multi-week peak - Wednesday, September 11th, 2019
Asia Roundup: Antipodeans decline on downbeat Chinese new home prices, greenback gains ahead of Fed policy meeting, Asian shares tumble - Tuesday, September 17th, 2019
Asia Roundup: Aussie at 1-month peak on upbeat home loan data, greenback halts 4-day losing streak on Fed Powell's comments, Asian shares surge - Monday, September 9th, 2019
Asia Roundup: Antipodeans ease as China's slowdown deepens, dollar off highs against yen as Saudi facility attacks weaken risk sentiment, oil at 4-month peak - Monday, September 16th, 2019
America’s Roundup: Dollar gains as risk sentiment improves, Wall Street ends flat, Gold dips to 2-week low, Oil gets boost as new Saudi minister commits to output cuts-September 10th,2019
America's Roundup: Dollar gains on trade optimism, strong U.S. data, Wall Street ends higher, Gold slides 2%, Oil prices slip-September 6th, 2019
Europe Roundup: Sterling eases on worse-than-expected retail sales, Swiss franc rallies as SNB keeps policy steady, European shares surge - Thursday, September 19th, 2019
America’s Roundup: Dollar gains as Fed cuts rates, but easing outlook uncertain, Wall Street sinks, Gold slides 1%,Oil prices extend losses after Saudi pledge to restore lost output-September 19th,2019
Europe Roundup: Sterling slumps as UK inflation declines, greenback steadies as investors await Fed monetary policy cues, euro eases on soft CPI - Wednesday, September 18th, 2019
Asia Roundup: Antipodeans surge on trade optimism, euro advances after ECB cuts key rate and approves restarting bond purchases, Asian shares rally - Friday, September 13th, 2019
America's Roundup: Dollar firms, ECB meeting in focus, Wall Street slips, Gold dips to near one-month low, Oil falls on possibility of Iran exports resuming after Trump fires hardline adviser-September 11th, 2019
Asia Roundup: Kiwi rallies on RBNZ's less dovish stance, dollar at multi-week peaks against yen amid U.S.-China trade deal optimism. Asian share at 4-month high - Wednesday, February 13th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased from recent peaks after U.S. President Donald Trump stated that he was disappointed with a deal struck by congressional negotiators on border security that denied him funds for his promised U.S.-Mexican border wall. The greenback against a basket of currencies trades 0.05 percent down at 96.67, having touched a high of 97.20 the day before, its highest since December 17. FxWirePro's Hourly Dollar Strength Index stood at -14.79 (Neutral) by 0500 GMT.
EUR/USD: The euro rose, extending previous session's rebound despite Dutch central bank chief Klaas Knot, one of the hawks on the rate-setting Governing Council, stating that the European Central Bank should take its time in raising interest rates as eurozone growth slowed sharply. The European currency traded 0.1 percent up at 1.1336, having touched a low of 1.1257 on Tuesday, its lowest since Nov. 13. FxWirePro's Hourly Euro Strength Index stood at -66.50 (Bearish) by 0500 GMT. Investors’ attention will remain on Eurozone industrial production data, ahead of the U.S. consumer price index and Fed officials' speeches. Immediate resistance is located at 1.1368 (Feb.7 High), a break above targets 1.1417 (Jan. 25 High). On the downside, support is seen at 1.1289 (Jan. 24 Low), a break below could drag it till 1.1216 (Nov. 13 Low).
USD/JPY: The dollar rallied to a near 7-week peak, amid rising hopes of a breakthrough in U.S.-China trade talks. The major was trading 0.2 percent up at 110.62, having hit a high of 110.70 earlier, its highest since December 28. FxWirePro's Hourly Yen Strength Index stood at -47.26 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. consumer price index and Fed officials' speeches. Immediate resistance is located at 110.94 (Aug. 13 Low), a break above targets 111.40 (Dec. 26 Low). On the downside, support is seen at 109.75 (10-DMA), a break below could take it lower at 109.16 (Jan. 28 Low).
GBP/USD: Sterling steadied above the 1.2900 handle, after Prime Minister Theresa May stated that the government would seek to speed up ratification of its Brexit withdrawal deal with the European Union if time gets too tight. However, the deadlock and delays over the terms of Brexit heightened fears among financial investors. The major traded 0.1 percent up at 1.2906, having hit a low of 1.2832 on Tuesday; it’s lowest since January 21. FxWirePro's Hourly Sterling Strength Index stood at -24.16 (Neutral) 0500 GMT. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2984 (10-DMA), a break above could take it near 1.3080 (January 23 High). On the downside, support is seen at 1.2827 (November 12 Low), a break below targets 1.2800. Against the euro, the pound was trading flat at 87.83 pence, having hit a low of 88.21 last week, it’s lowest since Jan. 22.
AUD/USD: The Australian dollar rallied to a 1-week peak, after a survey of consumer confidence showed a surprisingly strong comeback in February. The Melbourne Institute and Westpac Bank index of consumer sentiment advanced 4.3 percent in February after plunging 4.7 percent in January. The Aussie trades 0.5 percent up at 0.7132, having hit a high of 0.7135 earlier; it’s highest since February 6. FxWirePro's Hourly Aussie Strength Index stood at 113.55 (Highly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7044 (Dec. 26 Low), a break below targets 0.7016 (Dec. 27 Low). On the upside, resistance is located at 0.7166 (January 24 High), a break above could take it near 0.7203 (January 28 High).
NZD/USD: The New Zealand dollar advanced by more than 1-percent to hit a 1-week peak after the Reserve Bank of New Zealand sounded less dovish on policy than speculators had wagered on. The central bank left rates on hold at a record low of 1.75 percent at its first monetary policy decision of the year and reiterated that it is likely to keep the official cash rate (OCR) at 1.75 percent through 2019 and 2020. The Kiwi trades 1.6 percent up at 0.6729, having touched a high of 0.6851, its highest level Feb. 6. FxWirePro's Hourly Kiwi Strength Index was at 141.38 (Highly Bullish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6862 (Jan. 29 High), a break above could take it near 0.6911 (Dec. 11 High). On the downside, support is seen at 0.6706 (Jan. 22 Low), a break below could drag it below 0.6671 (Jan. 4 Low).
Asian shares jumped to a more than 4-month high, boosted by optimism that the United States and China might be able to agree on a deal to resolve their nearly year-long trade dispute.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent.
Tokyo's Nikkei gained 1.3 percent to 21,144.48 points, Australia's S&P/ASX 200 index eased 0.3 percent to 6,063.60 points and South Korea's KOSPI surged 0.5 percent to 2,200.38 points.
Shanghai composite index rose 1.6 percent to 2,713.38 points, while CSI300 index traded 1.7 percent up at 3,387.73 points.
Hong Kong’s Hang Seng traded 0.8 percent higher at 28,397.24 points. Taiwan shares shed 0.1 percent to 10,090.58 points.
Crude oil prices surged as producer cartel OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela's oil exports. International benchmark Brent crude was trading 0.7 percent up at $63.00 per barrel by 0450 GMT, having hit a low of $60.58 on Thursday, its lowest since February 1. U.S. West Texas Intermediate was trading 0.5 percent higher at $53.58 a barrel, after falling as low as $51.22 on Monday, its lowest since the January 17.
Gold prices rose, extending previous session gains as investors held onto the safe-haven assets while seeking more clarity on U.S.-China trade talks. Spot gold was 0.2 percent up at $1,312.96 per ounce by 0456 GMT, having touched a low of $1,302.71 on Thursday, its lowest level since Jan. 29. U.S. gold futures gained 0.2 percent to $1,316.2 an ounce.
The Japanese government bonds continued to trade mixed towards the end of Asian session Wednesday, as investors await the country’s gross domestic product (GDP) for the fourth quarter of this year, scheduled to be released today 13 by 23:50GMT amid a surge in global risk sentiments following hopes of a trade deal between the U.S. and China. The yield on the benchmark 10-year JGB note, which moves inversely to its price, slipped nearly 1 basis point to -0.008 percent, the yield on the long-term 30-year jumped 2 basis points to 0.625 percent while the yield on short-term 2-year plunged 16-1/2 basis points to -0.164 percent.
The Australian government bonds slumped across the curve during Asian trading session after U.S. President Donald Trump softened his stance on trade negotiations overnight, along with tentative progress to avoid another government shutdown. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, rose about 4 basis points to 2.15 percent, the yield on the long-term 30-year bond also climbed 4 basis points to 2.70 percent and the yield on short-term 2-year jumped over 2-1/2 basis points to 1.77 percent.
The Canadian government bond prices were lower across a steeper yield curve. The two-year fell 2 Canadian cents to yield 1.800 percent and the 10-year declined 14.5 Canadian cents to yield 1.920 percent.