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
Asia Roundup: Japanese yen steadies amid fears of worsening coronavirus pandemic, greenback erases losses after Fed announces temporary repo facilities for central banks, Asian shares plunge - Wednesday, April 1st, 2020
America’s Roundup: Dollar drops as U.S. jobless claims surge, Wall Street rallies for third day, Gold edges higher, Oil prices sink as crippled demand outweighs stimulus hopes-March 27th,2020
Europe Roundup: Euro gains as ECB removes barriers in crisis fighting purchases, European stocks drop, Gold dips, Oil falls as sinking demand outweighs stimulus hopes-March 26th,2020
Asia Roundup: Dollar holds gains as investors eye U.S. unemployment data, Asian shares plunge as coronavirus roils global economy - Thursday, April 2nd, 2020
Asia Roundup: Antipodeans near 1-week peak, dollar steadies against yen as investors wait U.S. stimulus bill, Asian shares rally - Wednesday, March 25th, 2020
America’s Roundup: Dollar gains as investors seek shelter amid pandemic crisis, Wall Street gains, Gold rises, Brent hits 18-year low, U.S. crude dips below $20/bbl-March 31st,2020
Europe Roundup: Euro gains as Fed support fails to lift dollar, European shares gains, Gold rises, Oil jumps towards $28 on Fed steps to support economy-March 24th,2020
America’s Roundup: U.S. dollar rises on quarter-end flows, Wall Street slides, Gold slides, Oil steady on U.S.-Russia energy talks but still near 18-year lows-April 1st,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
Europe Roundup: Euro dips as investors scramble for greenback, European shares gain, Gold gains, Oil jumps as Trump talks up truce hopes for Saudi-Russia price war-April 2nd 2020
Europe Roundup: Euro dips against dollar as coronavirus fears intensify, European shares retreat, Gold steady, Oil plunges to 2002 lows-March 30th,2020
America’s Roundup: Euro falls against dollar as recession fears grow,European shares gain, Gold dips over 2%, Oil price bounces off 18-year lows-March 31st,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: Euro dips against dollar as surging COVID-19 spells disaster for global growth, European shares falls, Gold eases, Oil prices rise, but doubts remain on Russia-Saudi deal-April 3rd 2020
Europe Roundup: Euro falls below key $1.08 level,European shares rise, Gold holds above $1,600, Oil rises amid hope for short economic hit from coronavirus outbreak-February 19th,2020
• EU Dec Current Account 32.6B , 32.4B previous
• UK Jan Core CPI MoM (MoM) -0.6%,-0.6% forecast, 0.2% previous
• UK Jan CPI (YoY) 1.8%, 1.6% forecast, 1.3% previous
• UK Jan CPI (MoM) -0.3%,-0.4% forecast, 0.0% previous
• UK Jan PPI Input (MoM) 0.9%,-0.4% forecast, 0.9% previous
• EU Dec Construction Output (MoM) -3.10%,0.74% previous
Looking Ahead - Economic Data (GMT)
• 13:30 US Jan Building Permits 1.450M forecast, 1.420M previous
• 13:30 US Jan Building Permits (MoM) -0.1% forecast, -3.7% previous
• 13:30 US Jan Core PPI (YoY) 1.3%,1.1% previous
• 13:30 US Jan Core PPI (MoM) 0.1% forecast 0.1% previous
• 13:30 US Jan Housing Starts (MoM) -30.7%,16.9% previous
• 13:30 US Jan Housing Starts 1.425M forecast, 1.608M previous
• 13:30 US Jan PPI (MoM) 0.1% forecast, 0.2% previous
• 13:30 Canada Jan Core CPI (YoY) 1.8% forecast, 1.7% previous
• 13:30 Canada Jan Core CPI (MoM) -0.4% previous
• 13:30 Canada Jan CPI (MoM) 0.2% forecast, 0.0% previous
• 13:55 US Redbook (YoY) 4.8% previous
• 13:55 US Redbook (MoM) -0.7% previous
Looking Ahead - Events, Other Releases (GMT)
• 19:00 US FOMC Meeting Minutes
EUR/USD: The euro recovered some ground against dollar on Wednesday, as improving risk sentiment in global markets paused the dollar’s rally, providing relief to the single currency. The euro has fallen 3.6% to the dollar this year, as Europe’s economic data has deteriorated while that of the United States has mostly improved. On Tuesday, Germany’s ZEW research institute said in its monthly survey that investors’ mood had deteriorated far more than expected in February, on worries coronavirus would curtail world trade. The euro was last trading up 0.3% at $1.0796 . Immediate resistance can be seen at 1.0838 (5 DMA), an upside break can trigger rise towards 1.0877 (9 DMA).On the downside, immediate support is seen at 1.0781 (Lower BB), a break below could take the pair towards 1.0700 (Psychological level).
GBP/USD:Sterling slipped back below $1.30 on Wednesday, shrugging off data showing an unexpected surge in UK inflation to a six-month high in January as focus returned to Britain's trade talks with the European Union and government plans to boost spending. The data showed consumer prices rising at an annual rate of 1.8% compared with 1.3% in December, not far off the Bank of England's 2% target. The pound firmed after the data to a session high of $1.3023, up 0.2% on the day, before slipping back to $1.2984.Immediate resistance can be seen at 1.3021 (21 DMA), an upside break can trigger rise towards 1.3100 (Psychological level).On the downside, immediate support is seen at 1.2931 (100 DMA), a break below could take the pair towards 1.2870 (Higher BB).
USD/CHF: The dollar strengthened against the Swiss franc on Wednesday, as investors tried to shake off worries about the coronavirus epidemic after a slight decline in the number of new cases. China, the world’s second-largest economy, is still struggling to get its manufacturing sector back online after imposing severe travel restrictions to contain a virus that emerged in the central province of Hubei late last year. Many investors view Chinese data on the virus, dubbed SARS-CoV-2, with a great deal of scepticism, but there are hopes that officials will roll out more stimulus to support the economy. At (GMT 12:29), Greenback gained 0.03% versus the Swiss franc to 0.9834. Immediate resistance can be seen at 0.9851 (Higher BB), an upside break can trigger rise towards 0.9863 (200 DMA).On the downside, immediate support is seen at 0.9818 (5 DMA), a break below could take the pair towards 0.9788 (11 DMA).
USD/JPY: The dollar rose against the Japanese yen on Wednesday as yen amid signs China was looking to fend off economic threats from the coronavirus, which supported investor confidence as the outbreak’s spread appeared to slow. China posted the lowest daily rise in new infections since Jan. 29, seen by some investors as an indication containment efforts were working. That pushed the yen to the weaker side of 110-per-dollar and gave a little boost to Asia’s export currencies. The yen traded 0.5% weaker by the afternoon at 110.44 per dollar . Strong resistance can be seen at 110.50 (Higher BB), an upside break can trigger rise towards 111.00(Psychological level ).On the downside, immediate support is seen at 109.62 (5 DMA), a break below could take the pair towards 109.52 (20 DMA).
European shares rose on Wednesday, supported by a weaker euro, while a decline in the number of new coronavirus cases raised hopes that the impact of the epidemic on the global supply chain would be short-lived.
At (GMT 12:38),UK's benchmark FTSE 100 was last trading higher at 0.70 percent, Germany's Dax was up by 0.48 percent, France’s CAC was last up by 0.63 percent.
Gold prices held steady above the key $1,600 mark on Wednesday as an uptick in equities due to a drop in new virus cases was offset by fears of an economic fallout from the epidemic.
Spot gold was little changed at $1,603.20 per ounce by 0702 GMT, having surged to its highest since Jan. 8 at $1,605.26 earlier.U.S. gold futures rose 0.2% to $1,606.50.
Oil prices rose on Wednesday, with Brent gaining for a seventh straight day, after a slowing of new coronavirus cases in China eased demand worries and supply was curtailed by a U.S. move to cut more Venezuelan crude from the market.
Brent crude was up by 75 cents at $58.50 a barrel by 1003 GMT, while U.S. oil was up 66 cents at $52.71 a barrel.
The Australian bonds remained flat during morning trading hours Wednesday ahead of the country’s labour market report for the month of January, due to be released on February 20 by 00:30GMT. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, hovered around 1.044 percent, the yield on the long-term 30-year bond slipped 1 basis point to 1.638 percent and the yield on short-term 2-year too steadied at 0.749 percent.
German bunds surged on Wednesday as pressure from China's coronavirus outbreak continues to rattle investors. The German 10-year bond yield, which moves inversely to its price, dipped 1 basis point to -0.420 percent, the long-term 30-year yield also plunged about 1 basis point to 0.101 percent and the yield on short-term 2-year remained 1 basis point down at -0.653 percent by 10:30 GMT.
The U.S. Treasuries traded mixed on Wednesday ahead of the Federal Open Market Committee's (FOMC) minutes and housing market data. In addition, market watchers will also monitor speeches from FOMC members Kashkari, Kaplan and Barkin to gauge direction of future monetary policy. The yield on the benchmark 10-year Treasury yield traded flat at 1.554 percent, the super-long 30-year bond yield fell 1 basis point to 1.996 percent and the yield on the short-term 2-year rose about 1 basis point to 1.418 percent by 11:30GMT.