Europe Roundup: Euro dips as coronavirus lockdown worries hurt sentiment, European stocks dips, Gold dips, Oil in reverse as rise in U.S. crude stocks fans oversupply fears-0ctober 28th,2020
America’s Roundup: Dollar set for best week in three weeks on stimulus uncertainty, virus concerns, Wall Street gains, Gold dips, Oil dips on COVID-19 resurgence, fears of more supply-October 17th,2020
Asia Roundup: Aussie off 1-week peak, greenback steadies on U.S. stimulus concerns, Asian shares plunge - Thursday, October 22nd, 2020
Europe Roundup: Euro gains as investors focus on U.S. stimulus, European stocks fall, Gold hits one-week peak, Oil prices slip as U.S. inventory build stokes fears of supply glut-October 21st,2020
Europe Roundup: Sterling edges up ahead of UK decision on Brexit negotiations,European stocks gain,Gold edges up,Oil slides on COVID-19 resurgence-October 16th,2020
Asia Roundup: Kiwi slumps as CPI misses expectations, dollar steadies following U.S. presidential debate, Asian shares consolidate - Friday, October 23rd, 2020
America’s Roundup: Dollar struggles as U.S. election uncertainty offsets COVID-19 concerns, Wall Street ends mixed,Gold gains, Oil rises 2% on U.S. Gulf shutdowns, outlook weak-October 28th,2020
Asia Roundup: Aussie at 3-week low as RBA minutes confirm rate cut on Nov. 3, greenback steadies amid caution over U.S. coronavirus aid, Asian shares slump - Tuesday, October 20th, 2020
Europe Roundup: Sterling gains against dollar as traders bet on Brexit breakthrough, U.S. stimulus bets ,European stocks gains ,Gold firms ,Oil falls on demand concerns and new European lockdowns-October 19th,2020
America’s Roundup: Dollar index hits seven-week low with COVID stimulus in focus ,Wall Street slips, Gold jumps 1%, Oil prices fall as inventory report reflects demand weakness-October 22nd, 2020
Europe Roundup: Euro dips before ECB meeting, European shares dips, Gold holds steady, Oil extends losses with 4% slump on renewed lockdowns-October 29th,2020
America’s Roundup: Dollar hold gains as risk-off sentiment boosts greenback, Wall street ends down, Gold edges up, Oil eases as new lockdowns raise concern about fuel demand-October 16th,2020
Europe Roundup: Sterling holds near new highs as Brexit talks restart, European stocks fall, Gold slips, Oil slips on weaker demand outlook after U.S. gasoline stocks build-October 22nd 2020
Asia Roundup: Aussie rebounds as consumer confidence improves, greenback gains as U.S. stimulus remains elusive, investors eye ECB policy meet - Thursday, October 29th, 2020
America’s Roundup:U.S. dollar index edges up from 7-week lows, Wall Street rises, Gold eases, Oil struggles to recover after U.S. gasoline stocks build-October 23rd 2020
America’s Roundup: Dollar ends losing week lower on election and COVID aid concerns, Wall Street subdued, Gold slips, Oil falls about 2% on Libyan output, COVID-19 demand concerns-October 24th,2020
Europe Roundup: Euro advances towards two-week high against dollar, European shares inch lower, Gold rises, Oil up on lower U.S. stocks, firmer demand-May 20th,2020
• UK April PPI Output (MoM) -0.7%,-0.5% forecast, -0.2% previous
• UK April PPI Output (YoY) -0.7%, -0.4% forecast, 0.3% previous
• UK April Core PPI Output (MoM) -0.1%,-0.1% forecast, 0.3% previous
• UK April Core PPI Output (YoY) 0.6%,0.6% forecast, 0.9% previous
• UK April PPI Input (MoM) -5.1%,-4.0% forecast, -3.6% previous
• UK April PPI Input (YoY) -9.8%,-8.7% forecast, -2.9% previous
• UK April RPI (MoM) 0.0%,0.1% forecast, 0.2% previous
• UK April RPI (YoY) 1.5%,1.6% forecast, 2.6% previous
• UK April CPI (YoY) 0.8%,0.9% forecast, 1.5% previous
• UK April Core RPI (MoM) 0.0% forecast, 0.2% previous
• UK April CPI (MoM) -0.2%, -0.1% forecast, 0.0% previous
• UK April CPI, n.s.a 108.50, 108.60 previous
• UK April Core RPI (YoY) 1.6%, 2.7% previous
• UK April Core CPI (YoY) 1.4%,1.5% forecast, 1.6% previous
• UK April Core CPI MoM (MoM) 0.1%, 0.2% forecast, 0.1% previous
• EU March Current Account 27.4B, 40.2B previous
• EU March Current Account n.s.a. 40.7B, 33.8B previous
• EU April CPI (MoM) 0.3%,0.3% forecast, 0.5% previous
• EU April HICP ex Energy and Food (MoM) 0.7%,0.7% forecast, 1.0% previous
• EU April CPI ex Tobacco (MoM) 0.3%,0.5% previous
• EU April Core CPI (YoY) 0.9%,0.9% forecast, 1.0% previous
• EU April CPI (YoY) 0.3%, 0.4% forecast, 0.7% previous
• Portuguese March Current Account -1.119B, -0.713B previous
Looking Ahead - Events, Other Releases (GMT)
• 12:30 Canada April Core CPI (MoM) 0.7% previous
• 12:30 Canada April CPI (MoM) -0.6% forecast, -0.6% previous
• 12:30 Canada April Core CPI (YoY) 1.6% previous
• 12:30 Canada April CPI (YoY) -0.1% forecast, 0.9% previous
• 12:30 Canada March Wholesale Sales (MoM) -3.8% forecast, 0.7% previous
• 12:30 Canada Common CPI (YoY) 1.7% previous
• 12:30 Canada Trimmed CPI (YoY) 1.8% previous
• 12:30 Canada Median CPI (YoY) 2.0% previous
• 13:00 Belgium May Consumer Confidence -26 previous
• 13:30 US Seevol Cushing Storage Report -2.177M previous
• 13:30 Brazil Federal Tax Revenue 109.70B previous
• 13:30 EU May Consumer Confidence -24.0 forecast, -22.7 previous
• 14:30 US Crude Oil Inventories 1.151M forecast, -0.745M previous
• 14:30 US Gasoline Inventories -2.134M forecast, -3.513M previous
• 14:30 US Cushing Crude Oil Inventories -3.002M previous
Looking Ahead - Events, Other Releases (GMT)
• 13:30 UK BoE Gov Bailey Speaks
•18:00 US FOMC Meeting Minutes
•18:00 Canada BoC Gov Council Member Lane Speaks
EUR/USD: The euro continued its gain against greenback on Wednesday, climbing towards a two-week high, as a Franco-German proposal for a common fund that could move Europe closer to a fiscal union boosted demand for the currency. France and Germany have proposed a 500 billion euro ($543 billion) Recovery Fund to offer grants to regions and sectors hit hardest by the coronavirus pandemic and to allow borrowing by the European Commission on behalf of the whole EU. The euro edged up 0.2% to $1.0960 , near to a two-week peak of $1.09755 reached on Tuesday. Immediate resistance can be seen at 1.0981 (38.2% fib), an upside break can trigger rise towards 1.1000 (Psychological level).On the downside, immediate support is seen at 1.0915 (50% fib), a break below could take the pair towards 1.0847 (38.2% fib).
GBP/USD: Sterling edged higher against dollar on Wednesday, but clouds lingered over the pound after UK inflation fell below 1% to its lowest in nearly four years. The drop in inflation fuelled speculation the Bank of England would cut interest rates below zero to bolster an economy hammered by the coronavirus pandemic. Inflation sank to 0.8% in April, its lowest since August 2016. The pound fell after the data were released. Sterling last trading up 0.16% against the dollar at 1.2263.Immediate resistance can be seen at 1.2275 (50% fib),an upside break can trigger rise towards 1.2364 (61.8%fib).On the downside, immediate support is seen at 1.2206 (5 DMA), a break below could take the pair towards 1.2185 (38.2% fib).
USD/CHF: The dollar dipped against the Swiss franc on Wednesday as concerns about a deep post-pandemic recession returned to the fore after a report cast doubts on the effectiveness of a potential coronavirus vaccine. A day after markets rallied on hopes of a vaccine for COVID-19, a report from medical news website STAT questioned the lack of details in U.S. drugmaker Moderna’s early stage study of the vaccine, raising doubts about its effectiveness. Immediate resistance can be seen at 0.9695 (30 DMA), an upside break can trigger rise towards 0.9721 (23.6% fib).On the downside, immediate support is seen at 0.9615 (38.2 %fib), a break below could take the pair towards 0.9533 (50 % fib).
USD/JPY: The dollar rose against the Japanese yen Wednesday after Japanese business confidence slumped to a decade low The sentiment index at manufacturers slumped to minus 44 in May from minus 30 in the previous month, the lowest since June 2009, while the service-sector gauge plunged to minus 36 from minus 23, the worst reading since December 2009. The downbeat findings came after data this week showed the world’s third-largest economy slipped into its first recession in 4-1/2 years last quarter.Strong resistance can be seen at 107.80 (38.2 % fib), an upside break can trigger rise towards 108.16 (Higher BB).On the downside, immediate support is seen at 107.57 (30 DMA), a break below could take the pair towards 106.57 (50 % fib).
European shares headed lower on Wednesday after a downbeat session on Wall Street, as doubts over a potential COVID-19 vaccine reignited fears about the slow recovery from a looming global recession.
At (GMT 12:05 ),UK's benchmark FTSE 100 was last trading up at 0.32 percent, Germany's Dax was up by 0.17 percent, France’s CAC finished was down by 0.35 percent.
Gold prices rose on Wednesday as doubts over a potential coronavirus vaccine intensified fears over prolonged global economic weakness and prompted investors to seek safe-haven bullion.
Spot gold was up 0.3% to $1,748.73 per ounce by 0921 GMT. U.S. gold futures rose 0.5% to $1,753.40 per ounce.
Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains.
Brent crude futures were up 51 cents, or 1.47%, at $35.16 per barrel at 0928 GMT.U.S. West Texas Intermediate (WTI) July crude futures were up 22 cents, or 0.69%, at $32.18 a barrel.
Italian bond yields held near multi-week lows early Wednesday, undeterred by the prospect of a hawkish counter-proposal to a plan for a recovery fund offered by France and Germany.
Italy’s 10-year bond yield was up only 2 basis points at 1.66%, near the five-and-a-half-week lows reached after France and Germany made their proposal. The risk premium it pays the gap with Germany’s 10-year yield was at 211 basis points, less than 10 bps higher than Tuesday’s five-week lows.