America’s Roundup: Dollar gains as risk assets tumble on rising COVID-19 cases, U.S. election uncertainty, Wall Street ends lower, Gold slides 3%, Oil falls 5% as economic outlook dims with rising virus cases-September 22nd 2020
Europe Roundup: Euro gains on weaker dollar, all eyes on Fed meeting, European stocks gain, Gold rises, Oil slips as demand concerns rise, Libya output looms-September 14th,2020
Asia Roundup: Antipodeans halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 2020
America’s Roundup: Dollar index rises, yen falls against dollar ,Wall Street ends higher ,Gold slips, Oil falls on mounting COVID-19 cases, supply concerns-September 26th,2020
Europe Roundup:Euro dips on fading economic recovery hopes in Eurozone, European stocks slip to 3-month lows,Gold slides to two-month low, Oil falls as frail demand outlook outweighs U.S. stock drawdown-September 24th,2020
Europe Roundup: Euro gains as soft U.S. data, uncertainty darken outlook, European share dips, Gold rises, Oil prices mixed as OPEC boost countered by Libyan developments-September 18th,2020
America’s Roundup: Dollar holds strong gains against eruro,Wall Street closes lower, Gold touches six-week low, Oil edges higher after U.S. crude, fuel stockpiles draw down-September 24th,2020
Asia Roundup: Kiwi slumps to 4-week trough as RBNZ hints at further easing, Aussie plunges as Westpac expects monetary easing by RBA, Asian shares volatile - Wednesday, September 23rd, 2020
America’s Roundup: Dollar gains ground on economic concerns, Wall Street gains on stimulus hopes, Gold turns positive from 2-mth low, Oil falls on fuel demand growth concerns as coronavirus lingers-September 25th,2020
America’s Roundup: Dollar dips as market recovers from weak U.S. jobs data,Wall Street drops, Gold eases, Oil prices edge up off three-month lows, but demand concerns persist-September 12th,2020
Europe Roundup:Euro edges higher as investors await Fed statement, European stocks gains,Gold rises, Oil jumps above $41 as storm hits U.S. output, inventories drop-September 16th,2020
America’ Roundup: Sterling regains lost ground after BoE negative rate talk,Wall Street falls ,Gold slips ,Oil rises 2%, reverses loses as OPEC+ addresses market weakness-September 18th,2020
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 2020
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 2020
Europe Roundup: Euro dips as eurozone Sept business growth halts ,European stocks gain,Gold hits six-week trough, Oil edges up to $42, eyeing Libya and U.S. inventories-September 23rd,2020
Asia Roundup: Dollar eases on growing concerns over U.S. stimulus, euro rallies on ECB Lagarde's comments, investors eye U.S. CPI data - Friday, September 11th, 2020
Europe Roundup: Euro firm on EU fund deal, European shares gains,Gold hits nine-year high, Oil eases as high U.S. oil stocks outweigh weak dollar-July 23rd 2020
• German Aug GfK German Consumer Climate -0.3, -5.0 forecast, -9.6 previous
•French Jul Business Survey 82, 85 forecast, 77 previous
• Sweden June Unemployment Rate 9.8%,9.0% previous
• UK Jul CBI Industrial Trends Orders -46, -38 forecast, -58 previous
Looking Ahead Economic Data
• 12:30 US Continuing Jobless Claims 17,067K forecast, 17,338K previous
• 12:30 US Jobless Claims 4-Week Avg 1,375.00K previous
• 12:30 US Initial Jobless Claims 1,300K forecast, 1,300K previous
• 13:00 Russia Central Bank reserves (USD) 574.2B previous
• 14:00 US Leading Index (MoM) 2.1% forecast, 2.8% previous
• 14:00 EU Consumer Confidence -12.0 forecast, -14.7 previous
• 15:00 US Jul KC Fed Composite Index 1 previous
• 15:00 US Jul KC Fed Manufacturing Index 2 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro edged higher against dollar on Thursday as hopes the euro bloc will bounce back quickly from the impact of COVID-19 given this week’s recovery fund deal supported euro. The European Parliament has to approve the spending plan over the next several months, before it can become reality and help lift the EU economy from recession. The common currency hit $1.1594 on Thursday, its best since January 2019. Immediate resistance can be seen at 1.1597 (Daily high), an upside break can trigger rise towards 1.1614 (23.6% fib).On the downside, immediate support is seen at 1.1558 (Daily low), a break below could take the pair towards 1.1494 (38.2% fib).
GBP/USD: The British pound declined against dollar on Thursday on the last day of the Brexit negotiations, as traders looked out for news on whether Britain could walk away from the European Union with a deal at the end of the year. Overnight implied volatility gauges showed traders were slightly nervous about possible emerging headlines on Thursday as levels inched to a one-month high of 8.85%. The pound was down 0.1% at $1.2701 and down 0.2% versus the euro at 91.02. Immediate resistance can be seen at 1.2746 (Daily high), an upside break can trigger rise towards 1.2857 (23.6% fib).On the downside, immediate support is seen at 1.2675 (5 DMA), a break below could take the pair towards 1.2614 (38.2 %fib).
USD/CHF: The dollar declined against the Swiss franc on Thursday as heightened Sino-U.S. tensions increased demand for safe haven Swiss franc. The United States gave China until Friday to close its consulate in Houston amid accusations of spying, and President Donald Trump said it was “always possible” other Chinese missions could be ordered to close as well. Immediate resistance can be seen at 0.9750 (12 May high), an upside break can trigger rise towards 0.9922 (Higher BB).On the downside, immediate support is seen at 0.9265 (Daily low), a break below could take the pair towards 0.9200 (Psychological level).
USD/JPY: The dollar was little changed against the Japanese yen on Thursday as investors took a wait-and-see approach to tensions between the two countries. The United States gave China until Friday to close its consulate in Houston following allegations of spying. China has vowed to respond, and the escalating tension between the world's two largest economies. At ( GMT 12:10),greenback edged higher 0.03% versus the Japanese to 107.18 Strong resistance can be seen at 107.25 (21 DMA), an upside break can trigger rise towards 107.50 (50% fib).On the downside, immediate support is seen at 107.07 (5 DMA), a break below could take the pair towards 106.50 (38.2% fib).
European shares climbed on Thursday, as investors brushed off simmering U.S.-China tensions and focused on better-than-expected earnings reports from companies such as Unilever, Daimler and Publicis.
At (GMT 12:10 ),UK's benchmark FTSE 100 was last trading up at 0.21 percent, Germany's Dax was up by 0.22 percent, France’s CAC finished was up by 0.20 percent.
Gold rose for a fifth straight session on Thursday, hitting a nine-year high as escalating tensions between the United States and China increased its safe-haven appeal.
Spot gold was up 0.4% to $1,878.76 per ounce at 1141 GMT, having hit its highest since September 2011 at $1,888.26. U.S. gold futures rose 0.6% to $1,876.70.
Oil prices edged lower on Thursday as a weaker dollar, which usually boosts oil prices, was outweighed by concerns about rising U.S. oil inventories and surging coronavirus cases.
Brent crude fell 9 cents, or 0.2%, to $44.20 a barrel by 1113 GMT, while U.S. West Texas Intermediate (WTI) crude eased by 5 cents, or 0.1%, to $41.85.