Asia Roundup: Antipodeans await coronavirus clarity, euro consolidates near 3-year low on growth concerns, Asian shares nudge higher - Monday, February 17th, 2020
America’s Roundup: Dollar gains as traders balance virus, economic reports, Wall Street slips, Gold rises, Oil prices climb on prospects for deeper OPEC+ output cuts-February 14th,2020
America’s Roundup: Dollar dips on virus concerns and consumer data, Wall Street dips, Gold eases, Oil prices rise more than 1%, on course for weekly gain-February 15th,2020
America’s Roundup: Dollar recedes from four-month highs as risk appetite improves, S&P 500, Nasdaq notches record high, Gold slips, Oil rises from 13-month low-February 12th,2020
Asia Roundup: Aussie rebounds on upbeat Chinese PPI, dollar rallies against yen following robust U.S. jobs data, Asian shares slump- Monday, February 10th, 2020
Asia Roundup: Aussie near 11-year low as jobs data disappoint, greenback rallies to multi-year peak on stronger risk appetite, Asian shares surge - Thursday, February 20th, 2020
America’s Roundup: Dollar index hits highest since May 2017, Wall Street drops, Gold climbs to 7-year high, Oil prices rise as U.S. crude stocks build less than expected-February 21st,2020
America’s Roundup: Dollar climbs as weak German data dents euro, Wall Street falls, Gold hits 1-month peak, Oil falls nearly 1% on virus impact-February 19th,2020
America’s Roundup: Dollar gains on optimism coronavirus will be contained,Wall Street rises, Gold hits one-week low, Oil rises 3% as demand worries ease amid fewer new coronavirus cases-February 13th,2020
Asia Roundup: Aussie eases following RBA meeting minutes, yen surges as coronavirus concerns linger, investors eye German ZEW survey- Tuesday, February 18th, 2020
Asia Roundup: Aussie rebounds on upbeat wage data, euro slumps on weak economic outlook, greenback near 4-1/2 month peak as investors eye FMOC minutes - Wednesday, February 19th, 2020
Asia Roundup: Kiwi declines on RBNZ governor Adrian Orr's comments, dollar off highs against the yen as China virus fears return, Asian shares ease - Thursday, February 13th, 2020
America’s Roundup: Dollar gains against euro on virus concerns, economic outlook, Wall Street ends higher, Gold hits one-week high, Oil drops to 13-month low-February 11th,2020
Europe Roundup: Sterling recovers from 2-1/2 month low against dollar, European shares edge lower, Gold steadies, Oil slips on weaker Chinese demand, traders await OPEC+ cuts-February 10th,2020
America’s Roundup: Dollar index at near three-year high as yen sinks on stronger risk appetite ,Wall Street rise, Gold gains, Oil up on slowing pace of coronavirus, Venezuela sanctions-February 20th,2020
Asia Roundup: Aussie gains as business confidence slightly improves, Kiwi rebounds from near 4-month trough ahead RBNZ policy meeting, Asian shares nudge higher - Tuesday, February 11th, 2020
Europe Roundup: Euro dips as investors cheer U.S. data, European shares dip, Gold range bound, Oil rises as Libyan oilfields shut down-January 20th,2020
• Oil, dollar gain on growth optimism
• German Dec PPI (YoY) -0.2%,-0.2% forecast, -0.7% previous
• German Dec PPI (MoM) 0.1%, 0.2% forecast, 0.0% previous
• Greek Nov Current Account (YoY) -1.392B , -0.673B previous
Looking Ahead - Economic Data (GMT)
• 18:00 Brazil CAGED Net Payroll Jobs 99.23K previous
• 18:00 Brazil Federal Tax Revenue 125.16B previous
Looking Ahead - Events, Other Releases (GMT)
• 18:30 ECB President Lagarde Speaks
EUR/USD: The euro declined against the U.S. dollar on Monday, as dollar was boosted by last week's run of data. Figures on Friday showed U.S. homebuilding surged to a 13-year high in December. Retail sales also rose and a gauge of manufacturing activity rebounded to its highest in eight months. Trading volumes were thin as Lunar New Year approaches in Asia and with U.S markets closed for Martin Luther King day on Monday. The euro was down 0.03 percent at $1.1086. An index that tracks the dollar versus a basket of six major currencies was up 0.05 at 97.68 on Monday. Immediate resistance can be seen at 1.1117 (5 DMA), an upside break can trigger rise towards 1.1128 (11 DMA).On the downside, immediate support is seen at 1.1065 (Dec 24th low), a break below could take the pair towards 1.1000 (Psychological level).
GBP/USD: Sterling declined against dollar on Monday, after comments by UK finance minister Sajid Javid stoked fears about weak ties between the UK and the European Union. In an interview with the Financial Times on Saturday, Javid said Britain would not commit to sticking to EU rules in post-Brexit trade talks. The pound was down 0.3% against the U.S. dollar to $1.2977 in early London trade. It was down by a similar amount against the euro at 85.48 pence. Immediate resistance can be seen at 1.3024(5 DMA), an upside break can trigger rise towards 1.3060 (11 DMA).On the downside, immediate support is seen at 1.2951 (Jan 14th Low), a break below could take the pair towards 1.2910 (Lower BB).
USD/CHF: The dollar strengthened against the Swiss franc on Monday, as the U.S.-China trade deal, strong corporate earnings and encouraging U.S. economic data lifted dollar across the board. U.S. retail sales increased for a third straight month in December and the number of Americans filing claims for unemployment benefits dropped for a fifth straight week last week, indicating the labor market remained strong. At (GMT 12:35), Greenback gained 0.17% versus the Swiss franc to 0.9690. Immediate resistance can be seen at 0.9695 (11 DMA), an upside break can trigger rise towards 0.9762 (Jan 9th high).On the downside, immediate support is seen at 0.9665 (5 DMA), a break below could take the pair towards 0.9613 (Lower BB).
USD/JPY: The dollar strengthened against the Japanese yen on Monday, as stronger dollar and easing of trade tensions between the United States and China weighed on Japanese yen. Trading was light with U.S. markets closed for the Martin Luther King Jr. holiday. Still, the week was expected to bring plenty of direction given central bank meetings, earnings, closely-watched business activity data and the annual meeting of the World Economic Forum in Davos. Strong resistance can be seen at 110.30 (Jan 17th High), an upside break can trigger rise towards 111.00 (Psychological level).On the downside, immediate support is seen at 110.05 (5 DMA), a break below could take the pair towards 109.53 (11 DMA).
European shares dipped slightly on Monday after striking a record closing high in the previous session, as investors paused before launching into a week packed with economic data and the European Central Bank’s first policy meeting of the year.
At (GMT 12:51),UK's benchmark FTSE 100 was last trading lower at 0.21percent, Germany's Dax was up by 0.09 percent, France’s CAC was last down by 0.22 percent.
Gold traded in a tight range on Monday as strong U.S. economic data fuelled investors’ appetite for riskier assets and dented the metal’s safe-haven appeal.
Spot gold ticked up 0.1% to $1,558.47 per ounce by 0134 GMT, after a near 0.4% drop last week. U.S. gold futures were down 0.1% to $1,558.10.
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle.
Brent crude was up 41 cents, or 0.6%, at $65.26 by 1116 GMT, having earlier touched $66 a barrel, the highest since Jan. 9.
The West Texas Intermediate contract was up 27 cents, or 0.5%, at $58.81 a barrel, after rising to $59.73, the highest since Jan. 10.
European government bond yields traded neutral Monday ahead of key economic events this week such as the World Economic Forum in Davos and European Central Bank meeting.
Euro zone bond yields were slightly higher on the day, with Germany’s 10-year yield up 1 bps at -0.249% , below the two-week high of -0.16% achieved at the beginning of the month.