Asia Roundup: Aussie off 6-month peak on RBA's downbeat economic assessment, greenback steadies near multi-month lows as traders await U.S. nonfarm payrolls, Asian shares ease on U.S.-China tensions - Friday, August 7th, 2020
Asia Roundup: Aussie eases on U.S.-China tensions, greenback steadies as U.S. treasury yields resume rise, Asian shares consolidate - Monday, August 10th, 2020
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,2020
Europe Roundup: Euro rise after positive economic indicators, European shares gains, Gold rise to new record high, Oil prices rise as U.S. crude inventories show large drop-August 5th,2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street closes lower, Gold retreats from record peak,Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
Europe Roundup: Euro's advance slows as risk sentiment falters, European shares slip,Gold retreats more than 1%, Oil prices slide as virus surge weighs on demand outlook-July 30th,2020
Asia Roundup: Aussie gains on upbeat economic data, dollar eases on recovery worries, Asian shares consolidate - Wednesday, August 5th, 2020
Europe Roundup : Euro little changed as investors await Fed meeting, European share flat, Gold eases, Oil prices jump on U.S. inventory drop-July 29th,2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
Europe Roundup:Euro dips on renewed U.S.-Sino tensions, jobs data eyed, European stocks flat, Gold eases, Oil slips below $45 on demand concerns, set for weekly rise-August 7th,2020
Asia Roundup: Aussie steadies as RBA keeps policy steady, dollar gains against yen as investors await U.S. stimulus deal, Asian shares surge - Tuesday, August 4th, 2020
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
America’s Roundup: Dollar gains on upbeat manufacturing data,Wall Street jumps, Gold pulls back from record high, Oil rises more than 1% on hopes for economic recovery-August 4th,2020
Asia Roundup: Sterling at 5-month peak as BoE stands pat, dollar eases as investors fret over U.S. recovery, Asian shares subdued - Thursday, August 6th, 2020
Asia Roundup: Dollar gains against yen as investors await U.S. stimulus talks, Asian shares rally - Tuesday, August 11th, 2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street pauses, Gold retreats from record peak. Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
Europe Roundup: Euro dips against dollar as coronavirus anxiety deepens, European stocks gain, Gold set for fifth weekly gain, Oil dips, heading for weekly loss as virus cases rise-July 10th,2020
• Italian May Industrial Production (YoY) -20.3%,-32.5% forecast,-42.5% previous
• Italian May Industrial Production (MoM) 42.1%, 22.8% forecast, -19.1% previous
• Greek June CPI (YoY) -1.6%,-1.1% previous
• Greek June HICP (YoY) -1.9%, -0.7% previous
• Greek May Industrial Production (YoY) -7.5%,-9.9% previous
• Portuguese June CPI (YoY) 0.1%,0.2% forecast, -0.7% previous
• Portuguese June CPI (MoM) 0.9%, 0.9% forecast, -0.4% previous
Looking Ahead - Economic Data (GMT)
• 12:30 Canada June Participation Rate 61.4% previous
• 12:30 Canada June Employment Change 700.0K forecast, 289.6K previous
• 12:30 Canada June Unemployment Rate 12.0% forecast, 13.7% previous
• 12:30 US June Core PPI (MoM) 0.1% forecast,-0.1% previous
• 12:30 US June PPI (YoY) -0.2%,-0.8% previous
• 12:30 US June Core PPI (YoY) 0.4% forecast, 0.3% previous
• 12:30 US June PPI (MoM) 0.4% forecast, 0.4% previous
• 12:30 Canada June Part Time Employment Change 70.3K previous
• 12:30 Canada June Full Employment Change 219.4K previous
• 13:00 Brazilian June IPCA Inflation Index SA (MoM) -0.36% previous
• 13:00 Brazilian June CPI (MoM) 0.29% forecast,-0.38% previous
• 13:00 Russia May Trade Balance 5.50B forecast, 6.24B previous
• 13:00 Brazilian June CPI (YoY ) 2.16% forecast, 1.88% previous
• 17:00 U.S. Baker Hughes Oil Rig Count 185 previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Friday as investor mood soured as global markets reacted to the end of China's stock market rally and a surge in coronavirus cases in the United States. Investors in Europe have also been in a 'wait and see' mood for days ahead of next week's ECB meeting and the EU summit about the Commission's proposed recovery fund. Immediate resistance can be seen at 1.1300 (23.6% fib), an upside break can trigger rise towards 1.1336 (Higher BB).On the downside, immediate support is seen at 1.1254 (Daily low), a break below could take the pair towards 1.1200 (Psychological level).
GBP/USD: Sterling was little changed against the dollar on Friday as investors mostly stayed on the sidelines.So far little has been achieved in negotations between Britain and the European Union on a trade deal following Britain’s departure from the bloc. This leaved sterling traders unsure how to approach the pound. The pound was last flat at 89.61 pence versus the euro and up 0.2% against the dollar at $1.2608. Immediate resistance can be seen at 1.2663 (Higher BB), an upside break can trigger rise towards 1.2700 (Psychological level).On the downside, immediate support is seen at 1.2574 (38.2% fib), a break below could take the pair towards 1.2476 (21 DMA).
USD/CHF: The dollar gained against the Swiss franc on Friday as greenback gained after a surge in new coronavirus cases in the United States further undermined the case for a quick economic recovery. More than 60,000 new COVID-19 infections were reported across the United States on Wednesday, the greatest single-day tally by any country in the pandemic so far, discouraging some American consumers to return to public spaces.The caution helped to lift the dollar index to 96.798 from near one-month low of 96.233 touched on Thursday. Immediate resistance can be seen at 0.9431 (Daily high), an upside break can trigger rise towards 0.9465 (38.2% fib).On the downside, immediate support is seen at 0.9385 (Lower BB), a break below could take the pair towards 0.9361 (23.6% fib).
USD/JPY: The dollar declined against the Japanese yen on Friday demand for safe haven increased after a surge in new coronavirus infections in the United States further undermined the case for a quick turnaround in the economy. More than 60,000 new COVID-19 cases were reported across the United States, the largest single-day tally by any country in the pandemic so far, discouraging some American consumers from returning to public spaces. At 1215 GMT, the dollar was 0.34 percent lower versus the Japanese yen at 107.70 Strong resistance can be seen at 107.18 (50% fib), an upside break can trigger rise towards 107.83 (Higher BB).On the downside, immediate support is seen at 106.60 (Lower BB ), a break below could take the pair towards 106.10 (38.2% fib).
Italian stocks pulled Europe out of early losses on Friday as data pointed to a strong rebound in May industrial output, but a spike in coronavirus cases globally continued to weigh on investor sentiment.
At (GMT 12:15),UK's benchmark FTSE 100 was last trading up at 0.46 percent, Germany's Dax was up by 0.35 percent, France’s CAC finished was up by 0.33 percent.
Gold rose on Friday and held above the key $1,800 level en route to a fifth straight weekly gain as surging U.S. COVID-19 infections underpinned demand for safe-haven assets.
Spot gold prices rose 0.2% to $1,805.84 per ounce by 0951 GMT, and were up about 1.8% for the week, having soared to their highest since October 2011 at $1,817.71 on Wednesday. U.S. gold futures rose 0.5% to $1,812.10 per ounce.
Oil prices dipped on Friday after steep falls in the previous session and were set for a weekly decline on worries renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere will suppress fuel demand.
Brent crude was down by 7 cents, or 0.2%, at $42.28 a barrel by 0114 GMT after falling more than 2% on Thursday. U.S. oil fell 13 cents, or 0.3%, at $39.49 a barrel after a drop of 3% in the previous session.