Europe Roundup: Sterling gains as no-deal Brexit chances ease, euro steadies near 1-month low as Euro zone industry output rises, European shares off 4-month peak - Wednesday, November 13th, 2019
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
America's Roundup: Dollar gains versus yen on continued trade deal optimism, Wall Street hits fresh record high, Gold slides over 1%, Oil rebounds to $62 on hopes for U.S.-China trade deal-November 8th,2019
Asia Roundup: Kiwi at 1-week trough ahead of labour market data, greenback steadies on U.S.-China trade deal optimism, Asian shares surge - Wednesday, November 6th, 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 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: DXY extends post FOMC losses, Gold retraces above $1500 mark amid renewed US-China trade uncertainties, European Stocks drop - Thursday, October 31st 2019
Europe Roundup: Sterling consolidates as PM Johnson begins election battle, euro rebounds on upbeat economic data, European shares nudge lower - Wednesday, November 6th, 2019
Europe Roundup: Sterling steadies below 1.3000 on upbeat UK manufacturing PMI, greenback near 2-week trough ahead of U.S. nonfarm payroll report, European shares surge - Friday, November 1st, 2019
Asia Roundup: Aussie falls in early Asia as retail sales data misses expectations, Asian markets noticeably up, gold trades flat at $1,511 mark - Monday, November 04, 2019
Asia Roundup: Kiwi halts 5-day losing streak ahead of RBNZ policy meeting, dollar eases against yen amid persisting U.S.-China trade deal concerns, Asian shares plunge - Monday, November 11th, 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
Asia Roundup: Japanese yen appreciates after BOJ's policy rate decision, Asian markets in green, gold back above $1,490 mark - Thursday, October 31, 2019
Europe Roundup: Sterling consolidates near 1-week low ahead of BoE policy meeting outcome, euro rebounds on ECB's EZ growth forecast, gold tumbles as U.S.-China trade deal hopes revive- Thursday, November 7th, 2019
Asia Roundup: Japanese yen remains almost unchanged after manufacturing PMI, unemployment rate data; gold touches $1,513 mark in early Asia; most Asian markets in green - Friday, November 01, 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
Asia Roundup: Yen eases as investors eye U.S.-China trade talks, greenback steadies on Fed Chair Powell's comments, Asian shares tumble - Wednesday, October 9th, 2019
Economic Data Ahead
No major economic data releases
Key Events Ahead
DXY: The dollar index rallied, extending gains for the third straight session, as comments from Federal Reserve Chairman Jerome Powell were interpreted as suggesting further rate cuts later in October were not a done deal. The greenback against a basket of currencies traded 0.05 percent up at 99.13, having touched a low of 98.64 on Thursday, its highest since September 25.
EUR/USD: The euro steadied, halting a 2-day losing streak, after yesterday's news of an unexpected rise in German industrial output suggested the German economy may skip a recession. The European currency traded flat at 1.0949, having touched a high of 1.1006 on Monday, its highest since September 25. Investors’ attention will remain on the U.S. JOLTS Job openings data, wholesale inventories and Fed Chair Powell's speech, amid a lack of economic data from the Eurozone economies. 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 1.0937 (September 25 Low), a break below could drag it below 1.0904.
USD/JPY: The dollar rose, reversing some of its previous session losses, ahead of high-level talks involving Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday. The major was trading 0.1 percent up at 107.17, 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. JOLTS Job openings data, wholesale inventories and Fed Chair Powell's speech. Immediate resistance is located at 107.46 (10-DMA), a break above targets 107.95 (September 26 High). On the downside, support is seen at 107.08 (October 9 Low), a break below could take it near at 106.62 (September 6 Low).
GBP/USD: Sterling eased, hovering towards a 1-month low touched in the previous session on reports that German Chancellor Angela Merkel and British Prime Minister Boris Johnson had spoken and that she had made clear a deal was overwhelmingly unlikely. The major traded 0.1 percent down at 1.2203, having hit a low of 1.2195 on Tuesday, it’s lowest since September 4. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2292 (5-DMA), a break above could take it near 1.2371 (21-DMA). On the downside, support is seen at 1.2154 (August 28 Low), a break below targets 1.2108 (August 22 Low). Against the euro, the pound was trading 0.1 percent down at 89.78 pence, having hit a low of 89.99 on Tuesday, it’s lowest since Sept. 9.
AUD/USD: The Australian dollar rose after declining for two straight sessions, supported by a subdued greenback demand. The Aussie trades 0.1 percent up at 0.6722, 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 surged, extending previous session gains, as banks and the government are waiting for the RBNZ’s final decisions on its review, which are due in early December. The Kiwi trades 0.1 percent up at 0.6316, 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 tumbled as risk sentiment weakened amid the United States and China’s broadening dispute over trade and foreign policy.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.4 percent.
Tokyo's Nikkei declined 0.6 percent to 21,456.38 points, Australia's S&P/ASX 200 index fell 0.7 percent to 6,546.70 points.
Shanghai composite index rose 0.3 percent to 2,921.83 points, while CSI 300 index traded 0.05 percent up at 3,837.87 points.
Hong Kong’s Hang Seng traded 0.8 percent lower at 25,700.36 points. Taiwan shares shed 1.1 percent to 10,889.96 points.
Crude oil prices declined, extending losses for the third consecutive session as the prospect of the United States and China striking a trade deal in talks this week dimmed, raising uncertainties for global economic growth and oil demand. International benchmark Brent crude was trading 0.2 percent down at $58.03 per barrel by 0517 GMT, having hit a low of $57.13 on Thursday, its lowest since August 7. U.S. West Texas Intermediate was trading 0.3 percent lower at $52.41 a barrel, after falling as low as $50.97 on Thursday, its lowest since August 7.
Gold prices steadied after rebounding from a 1-week low touched in the previous session, as uncertainties over U.S.-China trade talks and Brexit prompted investors to seek refuge in the safe-haven assets. Spot gold was trading flat at $1,505.47 per ounce by 0520 GMT, having touched a low of $1,486.72 on Tuesday, its lowest since October 2. U.S. gold futures settled mostly unchanged at $1,503.9 an ounce.
The Japanese government bonds closed flat ahead of the country’s producer price index (PPI) for the month of September, scheduled to be released on October 9 by 23:50GMT and the super-long 30-year auction, due to be released on the following day by 03:35GMT, amid ongoing geopolitical tensions and worries over global economic slowdown. At close, the yield on the benchmark 10-year JGB note, which moves inversely to its price, hovered around -0.208 percent, the yield on the long-term 30-year remained flat at 0.375 percent and the yield on short-term 2-year too held steady near -0.319 percent.
The Australian government bonds jumped tracking a similar movement in the United States’ Treasuries after Chairman of the Federal Reserve, Jerome Powell, announced an increase in the size of the central bank’s balance sheet soon. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slipped 1 basis point to 0.885 percent, the yield on the long-term 30-year bond also suffered 1 basis point to 1.486 percent and the yield on short-term 2-year remained tad down at 0.638 percent.