Europe Roundup: Euro dips as coronavirus surge unnerves investors European stocks dips, Gold soars towards 8-year high, Oil falls on rising stocks, worries of new virus wave-June 24th,2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
Asia Roundup: Euro eases following ECB Knot's comments, yen rallies as resurgent virus threatens global economic recovery, Asian shares consolidate - Friday, June 26th, 2020
America’s Roundup: Dollar falters as decent U.S. data curbs safe haven demand, Wall Street gains, Gold retreats from near 8-year peak, Oil prices firm on factory, inventory data-July 2nd, 2020
America’s Roundup: Dollar stumbles as jump in coronavirus cases dented the economic outlook, Wall Street ends higher, Gold hits highest since October 2012, Oil flat, near highest since March, after Trump assurance on China trade-June 24th,2020
America’s Roundup: Dollar gains as virus concerns dents risk appetite, Wall Street ends higher ,Gold steadies, Oil prices climb as U.S. economic data lends support-June 26th,2020
Asia Roundup: Aussie at 1-week peak on Trump's assurance over U.S.-China trade pact, dollar gains as traders speculate pandemic recovery, Asian shares rebound - Tuesday, June 23rd, 2020
America’s Roundup: Dollar turns higher as focus turns to surging coronavirus cases, Wall Street jumps, Gold gains, Oil up more than 2% on U.S. jobs data but virus fears cap gains-July 3rd 2020
Asia Roundup: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 2020
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
Asia Roundup: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 2020
America’s Roundup: Dollar dips as infections spike hits confidence,Wall Street ends higher, Gold jumps, Oil up above 2% on tighter supplies, eased lockdowns-June 23rd 2020
Asia Roundup: Euro eases on fresh trade tensions, greenback steadies as coronavirus surge drives cash hunt, Asian shares plunge amid holiday-thinned trading - Thursday, June 25th, 2020
Asia Roundup: Aussie near 3-week peak ahead of RBA policy meeting, dollar steadies against yen as investors eye U.S. services sector data, Asian shares at 4-month high - Monday, July 6th, 2020
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
Europe Roundup: Euro gains against dollar on economic recovery hopes, European shares rise,Gold gains, Oil steady as OPEC+ considers extension to output curbs-June 1st ,2020
• Spanish May Manufacturing PMI 38.3, 38 forecast.0,30.8 previous
• Italian May Manufacturing PMI 45.4, 37.1 forecast,31.1 previous
• French May Manufacturing PMI 40.6, 40.3 forecast, 31.5 previous
• German May Manufacturing PMI 36.6, 36.8 forecast, 34.5 previous
• Greek May Manufacturing PMI 41.1, 29.5 previous
• EU May Manufacturing PMI 39.4, 39.5 forecast, 33.4 previous
• UK May Manufacturing PMI 40.7, 40.7 forecast, 32.6 previous
Looking Ahead Economic Data
• 13:00 French 12-Month BTF Auction -0.517% previous
• 13:00 French 6-Month BTF Auction -0.519% previous
• 13:00 French 3-Month BTF Auction-0.526%-0.526%
• 13:30 Canada May RBC Manufacturing PMI 33.0 previous
• 13:45 US May Manufacturing PMI 39.8 forecast, 36.1 previous
• 14:00 US May ISM Manufacturing PMI 43.0 forecast, 41.5 previous
• 14:00 US May Construction Spending (MoM) -6.0% forecast, 0.9% previous
• 14:00 US May ISM Manufacturing Employment 35.0 forecast, 27.5 previous
• 14:00 US May ISM Manufacturing New Orders Index 27.1 previous
• 14:00 US May ISM Manufacturing Prices 37.0 forecast, 35.3 previous
• 18:00 Brazil May Trade Balance 4.70B forecast, 6.70B previous
Looking Ahead Economic Data
• No economic data ahead
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro gained against dollar on Monday as investors took cheer from signs that some economies may be through the worst of the coronavirus downturn. Investors were also relieved that U.S. President Donald Trump made no move to impose new tariffs on China during a news conference on Friday when he outlined his response to Beijing’s tightening grip over Hong Kong. In the euro zone, the manufacturing PMI recovered somewhat in May from April’s record low, although factory activity still contracted heavily. The euro gained, rising 0.4% to $1.1154 before falling back to trade flat at $1.1115.Immediate resistance can be seen at 1.1166 (61.8% fib), an upside break can trigger rise towards 1.1200 (Psychological level).On the downside, immediate support is seen at 1.1067 (50 % fib), a break below could take the pair towards 1.0995 (9 DMA).
GBP/USD: Sterling gained against dollar on Monday as Britain eased some lockdown restrictions, but the market’s net short position on sterling is the largest in more than five months. The new rules do not apply to Wales, Scotland and Northern Ireland. A fourth round of trade talks on relations with the European Union following Britain’s departure from the bloc will start this week. Britain has until July 1 to ask for an extension to the current transition period which is due to end in December. The pound is being weighed down by a number of factors: Britain’s high COVID-19 death rate, a lack of progress in Brexit negotiations, a bleak economic outlook, and the Bank of England (BoE) considering negative interest rates. Immediate resistance can be seen at 1.2446 (Higher BB), an upside break can trigger rise towards 1.2532 (61.8% fib).On the downside, immediate support is seen at 1.2319 (50% fib), a break below could take the pair towards 1.2235 (11 DMA).
USD/CHF: The dollar strengthened against the Swiss franc on Monday as optimism over economies opening up again boosted risk appetite, despite worries over riots in the United States and unease over Washington’s standoff with Beijing. Investors were also relieved that President Donald Trump left a trade deal with China intact despite moving to end Washington’s special treatment for Hong Kong in retaliation for Beijing seeking to impose new security legislation on the city. Immediate resistance can be seen at 0.9628 (61.8% fib), an upside break can trigger rise towards 0.9659 (9 DMA).On the downside, immediate support is seen at 0.9596 (Daily low), a break below could take the pair towards 0.9544 (50 % fib ).
USD/JPY: The dollar edged lower against the Japanese yen on Monday dollar was also on the back foot as riots in major U.S. cities against police brutality rattled investors and offered additional support for Japanese yen. U.S. cities were cleaning up streets strewn with broken glass and burned out cars as curfews failed to stop confrontations between activists and law enforcement. The turmoil was a fresh setback for the economy which was only just emerging from a downturn akin to the Great Depression. Following poor data on spending and trade out on Friday. The dollar was 0.2% softer on a basket of peers at 98.018 having touched an 11-week low of 97.944 on Friday. It was steadier on the yen at 107.70. Strong resistance can be seen at 107.90 (38.2% fib), an upside break can trigger rise towards 108.30 (Higher BB).On the downside, immediate support is seen at 107.25 (21 DMA), a break below could take the pair towards 106.91 (61.8% fib).
European shares rose on Monday on hopes of a post-coronavirus global recovery, with investors relieved that the U.S. response to China’s national security law in Hong Kong was not as bad as feared.
At (GMT 12:00 ),UK's benchmark FTSE 100 was last trading up at 1.05 percent, Germany's Dax was down by 1.64 percent, France’s CAC finished was down by 1.25 percent.
Gold prices rose on Monday as the dollar weakened and jitters over riots in U.S. cities, as well as rising tensions between Washington and Beijing, boosted demand for the safe-haven metal.
Spot gold was up 0.5% to $1,735.47 per ounce at 0946 GMT, having surged 1% earlier. U.S. gold futures eased 0.2% to $1,748.40.
Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to a deal on extending oil cuts but held back by renewed tension between the United States and China.
Benchmark Brent crude was up 19 cents, or 0.5%, at $38.03 a barrel at 1126 GMT. U.S. crude had dipped 11 cents, or 0.3%, at $35.38 a barrel.
Italy’s bond yields posted their biggest monthly fall in four months in May, boosted by the likelihood the country will get grants from the European Union to support its coronavirus-hit economy.on relief over Trump's China response.
The country’s 10-year yield fell 29 basis points in May , the biggest monthly fall since January. They remained at near two-month lows early Monday, down 3 bps to 1.46%.