America’s Roundup:Dollar falls for second day as U.S. political concerns grow, Wall Street gains, Gold firms, Oil inches up on U.S. stimulus hopes, rising virus cases keep prices in check-October 21st,2020
Europe Roundup: Sterling gains against dollar as traders bet on Brexit breakthrough, U.S. stimulus bets ,European stocks gains ,Gold firms ,Oil falls on demand concerns and new European lockdowns-October 19th,2020
Asia Roundup: Kiwi slumps as CPI misses expectations, dollar steadies following U.S. presidential debate, Asian shares consolidate - Friday, October 23rd, 2020
America’s Roundup: U.S. dollar gains on rising COVID-19 cases and lockdown restrictions in Europe, Wall Street sinks 3%, Gold slides, Oil plunges over 5% to four-month low as pandemic surges, U.S. crude output soars-October 29th,2020
America’s Roundup: Dollar gains in surge in COVID cases, U.S. stimulus worries,Wall Street closes down,Gold slips, Oil drops 3% as virus infections, Libyan oil output rebound-October 27th,2020
America’s Roundup: Dollar struggles as U.S. election uncertainty offsets COVID-19 concerns, Wall Street ends mixed,Gold gains, Oil rises 2% on U.S. Gulf shutdowns, outlook weak-October 28th,2020
Europe Roundup: Sterling steadies against dollar as Brexit talks extends, European stocks fall,Gold slips, Oil drops on rising virus cases, increasing Libyan output-October 26th,2020
Europe Roundup: Euro dips as coronavirus lockdown worries hurt sentiment, European stocks dips, Gold dips, Oil in reverse as rise in U.S. crude stocks fans oversupply fears-0ctober 28th,2020
Europe Roundup: Sterling holds near new highs as Brexit talks restart, European stocks fall, Gold slips, Oil slips on weaker demand outlook after U.S. gasoline stocks build-October 22nd 2020
Asia Roundup: Aussie rebounds as consumer confidence improves, greenback gains as U.S. stimulus remains elusive, investors eye ECB policy meet - Thursday, October 29th, 2020
Europe Roundup: Sterling edges up ahead of UK decision on Brexit negotiations,European stocks gain,Gold edges up,Oil slides on COVID-19 resurgence-October 16th,2020
Asia Roundup: Antipodeans rebound from multi-week lows, greenback eases on U.S. stimulus hope, markets eye ECB President Lagarde's speech - Wednesday, October 21st, 2020
America’s Roundup: U.S. dollar gains on rising COVID-19 cases, lockdown risk in Europe, Wall Street rebound up, Gold falls, Oil extends losses with 4% slump on renewed lockdowns-October 30th,2020
Asia Roundup: Aussie gains on upbeat Chinese data, greenback eases as investors await U.S. election, Asian shares plunge - Tuesday, October 27th, 2020
America’s Roundup:U.S. dollar index edges up from 7-week lows, Wall Street rises, Gold eases, Oil struggles to recover after U.S. gasoline stocks build-October 23rd 2020
Asia Roundup: Aussie at 3-week low as RBA minutes confirm rate cut on Nov. 3, greenback steadies amid caution over U.S. coronavirus aid, Asian shares slump - Tuesday, October 20th, 2020
Europe Roundup: Euro gains against dollar ahead of Federal Reserve Chairman Jerome Powell’s speech, European shares slide, Gold steady, Oil holds near $30, caught between demand loss and supply cuts-May 13th,2020
• Powell's speech on current economic issues at 1300 GMT
• UK March Trade Balance Non-EU -4.88B, -4.00B forecast, -5.57B previous
• UK GDP (QoQ) (Q1) -2.0%,-2.5% forecast, 0.0% previous
• UK GDP (MoM) -5.8%,-0.1% previous
• UK Index of Services -1.9%,0.2% previous
• UK Monthly GDP 3M/3M Change -2.0%,0.1% previous
• UK March Trade Balance -12.51B, -10.00B forecast, -11.49B previous
• UK March Industrial Production (YoY) -8.2%, -9.3% forecast, -2.8% previous
• UK Business Investment (QoQ) (Q1) 0.0%,-2.5% forecast, -0.5% previous
• UK GDP (YoY) (Q1) -1.6%,-2.1% forecast 1.1% previous
• UK March Industrial Production (MoM) -4.2%, -5.6% forecast, 0.1% previous
• UK March Manufacturing Production (MoM) -4.6%,-6.0% forecast, 0.5% previous
• UK March Manufacturing Production (YoY) -9.7%,-10.4% forecast, -3.9% previous
• EU Industrial March Production (MoM) -11.3%,-12.1% forecast, -0.1% previous
• EU Industrial March Production (YoY) -12.9%, -12.4% forecast, -1.9% previous
• Portuguese April CPI (YoY) -0.2%,0.1% forecast, 0.0% previous
• Portuguese April CPI (MoM) 0.3%,0.6% forecast, 1.4% previous
Looking Ahead Economic Data
• 12:30 US April PPI (YoY) -0.2% forecast, 0.7% previous
•12:30 US April PPI (MoM) -0.5% forecast, -0.2% previous
• 12:30 US April Core PPI (MoM) 0.0% forecast, 0.2% previous
• 12:30 US April Core PPI (YoY) 0.9% forecast, 1.4% previous
• 14:00 UK NIESR GDP Estimate -4.8% previous
• 14:30 US Crude Oil Inventories 4.147M forecast, 4.590M previous
Looking Ahead - Events, Other Releases (GMT)
• 13:00 US Fed Chair Powell Speaks
• 15:00 ECB's De Guindos Speaks
EUR/USD: The euro strengthened on Wednesday as dollar dipped as ahead a speech from Federal Reserve Chairman Jerome Powell after U.S. President Donald Trump called for the introduction of negative interest rates. Trump on Tuesday called for his country to “accept the gift” of negative rates - as data showed that U.S. consumer prices dropped 0.8% in April, the largest decline since December 2008 when the economy was in the throes of a recession, fuelling the debate over the policy response. Immediate resistance can be seen at 1.0890 (50% fib), an upside break can trigger rise towards 1.0951 (61.8% fib).On the downside, immediate support is seen at 1.0821 (38.2% fib), a break below could take the pair towards 1.0800 (Psychological level).
GBP/USD: Sterling rose against dollar on Wednesday as UK government support to shield the economy from COVID-19 pandemic boosted sterling.Britain on Tuesday extended its job retention scheme, in which the government pays 80% of furloughed workers’ wages, by another four months until the end of October. Sterling was last trading up 0.65% at $1.2325 and 88.29 pence versus the euro. Immediate resistance can be seen at 1.2273 (23.6% fib), an upside break can trigger rise towards 1.2375 (9 DMA).On the downside, immediate support is seen at 1.2238 (Lower BB), a break below could take the pair towards 1.2200 (Psychological level).
USD/CHF: The dollar declined against the Swiss franc on Wednesday ahead speech by Federal Reserve Chairman Jerome Powell. Investors are speculating that, the United States could introduce negative interest rates. Powell will be speaking on current economic issues in a webcast hosted by the Peterson Institute for International Economics at 9 a.m. (1300 GMT).Until now, Fed officials have said they do not see a need to cut interest rates below zero. 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 0.9653 (50 DMA), a break below could take the pair towards 0.9625 (Lower BB).
USD/JPY: The dollar edged lower against the Japanese yen Wednesday as fears about a second wave of coronavirus infections increased demand for safe haven yen. Investors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have also had to contend with renewed U.S.-China trade tensions. The mood was further soured by proposed legislation by a leading U.S. Republican senator that would authorize President Donald Trump to impose sanctions on China if it fails to give a full account of events leading to the coronavirus outbreak. Strong resistance can be seen at 107.55 (50 DMA), an upside break can trigger rise towards 108.10 (Higher BB).On the downside, immediate support is seen at 106.90 (5 DMA), a break below could take the pair towards 106.10 (Lower BB).
European shares fell on Wednesday, as investors feared a surge in COVID-19 cases after several hard-hit countries started to ease lockdowns, while rising U.S.-China tensions also dented sentiment.
At (GMT 12:15 ),UK's benchmark FTSE 100 was last trading down at 0.76 percent, Germany's Dax was down by 1.34 percent, France’s CAC finished was down by 1.53 percent.
Gold prices were little changed on Wednesday, with markets awaiting a speech by Federal Reserve Chairman Jerome Powell for more signals on the U.S. interest rate trajectory after dismal economic data.
Spot gold was steady at $1,701.43 per ounce by 0921 GMT. U.S. gold futures edged 0.1% lower to $1,705.80.
Oil prices edged higher on Wednesday, reversing earlier losses, and Brent held near $30 a barrel as potential OPEC+ plans to deepen supply cuts were tempered by demand concerns exacerbated by a possible second wave of coronavirus infections as countries ease lockdowns.
Brent crude climbed 17 cents, or 0.57%, to $30.15 a barrel by 1138 GMT, after hitting a low of $28.92 a barrel earlier.
West Texas Intermediate crude futures rose 13 cents, or 0.5%, to $25.91 after falling to $25.07 a barrel.