America’s Roundup: Dollar dips as risk-off mood boosts yen, Wall Street slips, Gold rises, Oil mixed amid U.S. crude stock build-November 15th, 2019
Europe Roundup: Sterling consolidates near 1.2800 amid persisting Brexit concerns, euro tumbles ahead of Spanish election, greenback at 3-week peak on U.S.-China trade hopes - Friday, November 8th, 2019
America’s Roundup: Dollar weighed down by trade optimism, slowdown fears, Wall Street gains, Gold eases, Oil rises on hopes for US-China trade deal-November 2nd,2019
America’s Roundup: Dollar buoyed by U.S.-China tariffs pledge, Wall Street little changed, Oil falls amid doubts over US-China trade deal-November 9th,2019
Asia Roundup: Antipodeans ease amid lingering doubts over U.S.-China trade talks, euro at 3-week low ahead of German industrial data, investors eye BoE monetary policy decision - Thursday, November 7th, 2019
America’s Roundup: Dollar little changed after Trump speech reveals little on trade, Gold prices dip, Oil prices dip-November 13th,2019
America's Roundup: Dollar little changed as U.S.-China trade talk outcome awaited. Wall Street slids,Gold prices gain, Oil prices fall on large U.S. crude build-November 7th,2019
Europe Roundup: Sterling consolidates below 1.2900 amid persisting concerns over economic outlook, euro gains on better-than-expected EZ trade surplus, European shares plunge - Friday, November 15th, 2019
America's Roundup: Dollar buoyed by caution as trade deal optimism wanes, Wall Street gains, Gold slips, Oil prices gain 2% despite concerns about rising supplies-November 16th,2019
Asia Roundup: Antipodeans tumble on soft Chinese trade figures, dollar near 5-month peak against yen amid renewed hopes of U.S.-China trade deal, Asian shares off 6-month high - Friday, November 8th, 2019
America’s Roundup: Dollar rises versus yen, as risk appetite improves, Wall Street gains, Gold eases, Oil prices gains on U.S.-China trade deal hopes-November 5th,2019
Europe Roundup: Euro eases on political uncertainties, greenback rallies amid U.S. China trade deal hopes, European shares nudge higher - Tuesday, November 5th, 2019
Asia Roundup: Aussie rebounds as business conditions improve, gold consolidates ahead of U.S. President Trump speech, Asian shares plunge - Tuesday, November 12th, 2019
Asia Roundup: Aussie at 1-month low on downbeat employment data, dollar eases against yen amid renewed U.S.-China trade deal concerns, Asian shares slump - Thursday, November 14th, 2019
Europe Roundup: Sterling eases on downbeat labour data, euro slumps following ECB Coeure's comments, investors eye Trump's trade speech - Tuesday, November 12th, 2019
Europe Roundup: Sterling steadies as UK economy grows at slowest annual rate, euro holds near 4-week trough amid political turmoil, European shares tumble - Monday, November 11th, 2019
Asia Roundup: Kiwi rallies on upbeat economic data, dollar gains against yen ahead of U.S.-China trade talks, Asian shares nudge higher - Tuesday, October 8th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased ahead of upcoming U.S.-China trade talks in Washington. On Monday, U.S. and Chinese deputy trade negotiators launched two days of talks aimed at paving the way later this week for the first minister-level negotiations in months. The greenback against a basket of currencies traded 0.05 percent down at 98.93, having touched a low of 98.64 on Thursday, its highest since September 25.
EUR/USD: The euro steadied after falling from a near 2-week peak in the previous session on European Central Bank's comments, stating that half of the euro zone’s biggest banks wouldn’t survive a six-month cash drought, with larger firms and subsidiaries of foreign institutions among the most vulnerable. The European currency traded flat at 1.0976, having touched a high of 1.0999 on Thursday, its highest since September 25. Investors’ attention will remain on a series of data out from the Eurozone economies and ECB non-monetary policy meeting, ahead of the U.S. producer price index, Fed Evan and Chair Powell's speech. Immediate resistance is located at 1.1019 (61.8% retracement of 1.1109 and 1.0879), a break above targets 1.1059 (78.6% retracement). On the downside, support is seen at 1.0952 (10-DMA), a break below could drag it below 1.0904.
USD/JPY: The dollar surged, extending previous session gains after a Fox Business reporter tweeted that the Chinese Commerce Ministry said that China is ready to do a deal with the United States on parts of negotiations both sides agree upon. The major was trading 0.1 percent up at 107.54, having hit a low of 106.48 on Thursday, its lowest since September 24. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. Fed Evan and Chair Powell's speech. Immediate resistance is located at 107.67 (21-DMA), a break above targets 107.95 (September 26 High). On the downside, support is seen at 106.96 (September 24 Low), a break below could take it near at 106.32 (September 5 Low).
GBP/USD: Sterling consolidated within narrow ranges, amid increasing concerns about a lack of progress between Britain and the European Union to agree a Brexit withdrawal deal. The major traded flat at 1.2296, having hit a high of 1.2413 on Thursday, it’s highest since September 25. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2356, a break above could take it near 1.2400. On the downside, support is seen at 1.2233 (September 9 Low), a break below targets 1.2194 (August 23 Low). Against the euro, the pound was trading flat at 89.25 pence, having hit a low of 89.36 on Friday, it’s lowest since Sept. 13.
AUD/USD: The Australian dollar surged, reversing some of its previous session losses, as top-level U.S.-China trade talks are scheduled to resume later in the week, when Chinese Vice Premier Liu He meets with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Washington. The Aussie trades 0.3 percent up at 0.6749, having hit a high of 0.6773 on Friday, it’s highest since October 1. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6687, a break below targets 0.6635. On the upside, resistance is located at 0.6799 (August 21 High), a break above could take it near 0.6803 (September 25 High).
NZD/USD: The New Zealand dollar rallied after data showed the government's surplus rose by $2 billion to $7.5 billion in the fiscal year ended June 2020, while the net government debt dropped to 19.2 percent of GDP, down from 19.9 percent a year ago. The Kiwi trades 0.5 percent up at 0.6315, having touched a high of 0.6336 on Friday, its highest level since September 25. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6348 (September 25 High), a break above could take it near 0.6391 (September 16 High). On the downside, support is seen at 0.6266, a break below could drag it below 0.6249.
Asian shares nudged up in early deals, while investors remained cautious ahead of tense U.S.-China trade talks.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent.
Tokyo's Nikkei gained 1.1 percent to 21,611.90 points, Australia's S&P/ASX 200 index rallied 0.5 percent to 6,593.40 points and South Korea's KOSPI surged 0.9 percent to 2,040.25 points.
Shanghai composite index rose 0.5 percent to 2,920.71 points, while CSI 300 index traded 0.9 percent up at 3,849.19 points.
Hong Kong’s Hang Seng traded 0.7 percent higher at 25,992.13 points. Taiwan shares shed 0.8 percent to 11,017.31 points.
Crude oil prices surged, supported by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption. International benchmark Brent crude was trading 0.5 percent up at $58.36 per barrel by 0518 GMT, having hit a low of $57.13 on Thursday, its lowest since August 7. U.S. West Texas Intermediate was trading 0.5 percent higher at $53.03 a barrel, after falling as low as $52.27 on Thursday, its lowest since August 7.
Gold prices declined, extending losses for a third straight session, weighed down by a stronger greenback and an uptick in equities ahead of upcoming U.S.-China trade talks in Washington. Spot gold was trading 0.2 percent down at $1,490.67 per ounce by 0520 GMT, having touched a high of $1,519.53 on Thursday, its highest since September 25. U.S. gold futures dropped 0.6 percent to $1,495.20.
The Australian government bonds remained flat on the second trading day of the week Tuesday, as investors remained side-lined in a muted session ahead of the Reserve Bank of Australia’s (RBA) Financial Stability Review, scheduled to be released by end of this week. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, traded steady at 0.896 percent, the yield on the long-term 30-year bond also remained flat at 1.497 percent and the yield on short-term 2-year too hovered around 0.644 percent.