Europe Roundup: Sterling falls as investors seek safety in dollars, European shares slump, Gold dips, Oil extends fall as coronavirus shutdowns sap demand-March 23rd,2020
Market Roundup: Dollar slips on $2 trillion U.S. plan,Wall Street gains,Gold dips, Oil prices slip as fuel demand sinks in most recent week-March 26th,2020
Europe Roundup: Sterling falls to lowest since early September against dollar, European shares rises, Gold dips 3%,Oil near $30 as recession fears, pump war weigh-March 17th,2020
Europe Roundup: Sterling gains after U.S. rate cut shares tumble. Gold nose dives, U.S. crude falls below $30-March 16th,2020
Europe Roundup: Euro jumps on dollar weakness, European shares turns choppy, Gold falls, Oil prices fall as demand woes eclipse U.S. stimulus-March 25th,2020
America’s Roundup: Dollar dips after another surprise Fed rate cut, Wall Street sinks, Gold dives, Oil slumps-March 17th,2020
Asia Roundup: Antipodeans rally, greenback eases as Fed launches limitless quantitative easing, Asian shares rebound - Tuesday, March 24th, 2020
America’s Roundup: Dollar edges higher as investors wait on fiscal stimulus,Wall Street surges, Gold gains, Oil little changed as falling demand offsets hopes of U.S. aid package-March 25th,2020
America’s Roundup: Dollar retains advantage amid coronavirus crisis, Wall Street slides, Gold surges 2%, Oil edges higher, U.S. gasoline slumps over 30% on sinking demand-March 24th,2020
Asia Roundup: Aussie at 1-week peak on more stimulus hopes, greenback rebounds from recent lows as panic selling eases, Asian shares surge - Friday, March 27th, 2020
Europe Roundup: Sterling climbs off 1985 lows as markets rebound,European shares bounce, Gold jumps 3%, Oil gains as banks flood market with cheap dollars-March 20th,2020
America’s Roundup: Dollar index on track for biggest weekly fall in decade, Wall Street tumbles, Gold eases, Oil plunges more than 5% despite stimulus efforts-March 28th,2020
Europe Roundup: Sterling gains as traders shun safe-haven dollar, European shares dip, Gold slips, Oil falls as demands fears outweigh stimulus efforts-March 27th,2020
America’s Roundup: Dollar gains as Fed moves to bolster tight credit markets ,Wall Street bounces, Gold rebounds, Oil dips as demand weakens due to coronavirus -March 18th,2020
Asia Roundup: Aussie retreats from near 18-year lows, euro gains on ECB asset purchase program, investors eye SNB policy meeting outcome - Thursday, March 19th, 2020
Europe Roundup: Sterling falls to lowest since 1985, European shares edged down, Gold slips, Oil up after three-day plunge but coronavirus curbs gains-March 19th,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.