America’s Roundup: Dollar drifts downward as investors cling to stimulus hopes,Wall Street gains,Gold slips, Oil prices fall 3% as U.S., Libyan, Norwegian supplies resume-October 13th,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
America’s Roundup: Dollar hold gains as risk-off sentiment boosts greenback, Wall street ends down, Gold edges up, Oil eases as new lockdowns raise concern about fuel demand-October 16th,2020
America’s Roundup: Dollar set for best week in three weeks on stimulus uncertainty, virus concerns, Wall Street gains, Gold dips, Oil dips on COVID-19 resurgence, fears of more supply-October 17th,2020
Asia Roundup: Kiwi plunges to 1-1/2 week low on negative rate speculation, dollar gains against yen on U.S. stimulus hopes, Asian shares surge - Thursday, October 8th, 2020
America’s Roundup: Dollar holds gains as uncertainty weighs on market sentiment, Wall Street ends down, Gold jumps 1%, Oil rises 2% as OPEC complies with production cuts-October 15th,2020
Asia Roundup: Kiwi steadies on mixed economic data, dollar halts 2-day losing streak against yen as investors eye U.S. stimulus, Asian shares plunge - Tuesday, October 13th, 2020
Asia Roundup: Aussie at 1-week low on downbeat jobs data and dovish RBA, dollar steadies as stimulus hopes ebb, Asian shares slump - Thursday, October 15th, 2020
Europe Roundup: Euro dips on fading U.S. stimulus hopes, virus concerns, Europe shares tumbles 2%, Gold falls, Oil slips as new lockdown measures threaten demand recovery-October 15th,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
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: Antipodeans rebound from weekly lows, greenback eases as U.S. stimulus delay dents investor sentiment, investors await ECB Chief Lagarde’s speech - Wednesday, October 7th, 2020
America’s Roundup: Dollar steady as markets wait on stimulus news, Wall Street hits one-month high, Gold firms, Oil jumps on supply losses, possible OPEC output reversal-October 9th,2020
Asia Roundup: Kiwi eases on negative interest rates expectations, dollar slumps against yen as Trump's stimulus proposal draws criticism, Chinese stocks boost Asian markets higher - Monday, October 12th, 2020
Europe Roundup: Sterling edges up as Brexit mood brightens ,European shares gains, Gold firms ,Oil rises above $42 on supply losses, U.S. stimulus hopes-October 8th,2020
America’s Roundup: Dollar slips to near one-week low,Wall Street closes lower, Gold rises, Oil dips after OPEC+ meeting as Libyan supply boost weighs-October 20th,2020
Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,2020
• U.S. Fed’s policy announcement on Wednesday
•UK Aug Claimant Count Change 73.7K, 100.0K forecast, 94.4K previous
•UK Jul Average Earnings ex Bonus 0.2%,-0.2% forecast, -0.2% previous
•UK Jul Unemployment Rate 4.1%,4.1% forecast, 3.9% previous
•UK Jul Average Earnings Index +Bonus -1.0%,-1.3% forecast, -1.2% previous
•UK Jul Employment Change 3M/3M (MoM) -12K, -125K forecast, -220K previous
•Swiss Aug PPI (MoM) -0.4%,0.1% previous
•Swiss Aug PPI (YoY) -3.5%,-3.3% previous
•French Aug CPI (MoM) -0.1%,-0.1% forecast, 0.4% previous
•French Aug HICP (YoY) 0.2%,0.2% forecast, 0.2% previous
•French Aug HICP (MoM) -0.1%, -0.1% forecast, -0.1% previous
•French CPI (YoY) 0.2%,0.2% forecast, 0.8% previous
•Italian Aug CPI (MoM) 0.3%,0.3% forecast, -0.2% previous
•Italian Aug CPI (YoY) -0.5%, -0.5% forecast, -0.4% previous
•EU Sep ZEW Economic Sentiment 73.9 forecast, 64.0 previous
•German Sep ZEW Current Conditions -66.2, -72.0 forecast, -81.3 previous
•German Sep ZEW Economic Sentiment 77.4, 69.8 forecast, 71.5 previous
•EU Aug Reserve Assets Total 915.08B, 922.98B previous
•US Import Price Index (YoY) -1.4%,-3.3% previous
•US Export Price Index (YoY) -2.8%, -4.4% previous
•Canada Jul Manufacturing Sales (MoM) 7.0%, 8.7% forecast, 20.7% previous
•US Sep NY Empire State Manufacturing Index 17.00,6.00, 3.70 previous
•US Aug Import Price Index (MoM) 0.9%,0.5% forecast, 0.7% previous
•US Aug Export Price Index (MoM) 0.5%, 0.4% forecast, 0.8% previous
•US Redbook (MoM) -1.6%,-1.0% previous
•US Redbook (YoY) -1.2%,-0.1% previous
Looking Ahead - Economic Data (GMT)
•13:15 US Aug Industrial Production (MoM ) 1.0% forecast, 3.0% previous
•13:15 US Aug Capacity Utilization Rate 71.4% forecast, 70.6% previous
•13:15 US Aug Industrial Production (YoY) -8.18% previous
•13:15 US Aug Manufacturing Production (MoM) 1.2% forecast, 3.4% previous
•14:30 New Zealand GlobalDairy Trade Price Index -1.0% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro edged higher against dollar on Tuesday as surprise jump in Germany’s ZEW sentiment survey boosted euro across the boar. Investor sentiment in Germany rose unexpectedly in September, the ZEW economic research institute said on Tuesday, signalling confidence in a recovery from the coronavirus crisis despite headwinds from stalled Brexit talks and rising new infections. The survey of investors’ economic sentiment rose to 77.4 from 71.5 points the previous month. Immediate resistance can be seen at 1.1892 (61.8% fib), an upside break can trigger rise towards 1.1935 (Higher BB).On the downside, immediate support is seen at 1.1846 (21 DMA), a break below could take the pair towards 1.1815 (50% fib ).
GBP/USD: Sterling rose against dollar on Tuesday after better-than-expected jobs data and British Prime Minister Boris Johnson faced opposition within his party to proposed legislation that would breach the Brexit treaty. But the bounce was likely to be temporary, analysts said, as Johnson faces a growing rebellion from his own party and more attempted revisions as the bill progresses. The pound, which has fallen sharply in recent weeks as investors fretted that Johnson’s plan sharply increased the risk of a no-deal Brexit, was 0.5% higher at $1.2908, moving away from two-week lows. Immediate resistance can be seen at 1.2892 (38.2% fib), an upside break can trigger rise towards 1.3011( 50% fib).On the downside, immediate support is seen at 1.2808 (Daily low), a break below could take the pair towards 1.2751 (23.6%fib).
USD/CHF: The dollar declined against the Swiss franc on Tuesday as investors awaited Federal Reserve’s two-day policy meeting starting on Wednesday. Market participants are now looking at the U.S. Fed's two-day policy meeting, which ends on Wednesday. The meeting will be its first since Chairman Jerome Powell unveiled a policy shift towards greater tolerance of inflation, effectively pledging to keep interest rates low for longer. Immediate resistance can be seen at 0.9097 (21 DMA), an upside break can trigger rise towards 0.9119 (23.6% fib).On the downside, immediate support is seen at 0.9049 (Daily low), a break below could take the pair towards 0.9000 (Psychological level).
USD/JPY: The Japanese yen strengthened against dollar on Tuesday as Japanese Chief Cabinet Secretary Yoshihide Suga won a ruling party leadership vote, as expected, paving the way for Japan’s first change of leader in nearly eight years. He faces a vast array of challenges, including tackling COVID-19 while reviving a battered economy and dealing with a rapidly aging society in which nearly a third of the population is older than 65. Strong resistance can be seen at 105.91 (5 DMA), an upside break can trigger rise towards 106.44 (50%fib).On the downside, immediate support is seen at 105.22 (38.2%fib), a break below could take the pair towards 104.20 (July 31st low).
European stocks struggled for direction on Tuesday, with banking shares declining ahead of the U.S. and UK central bank meetings this week, while Sweden’s H&M surged after reporting a better-than-expected profit.
At (GMT 12:45 ),UK's benchmark FTSE 100 was last trading up at 1.28 percent, Germany's Dax was up by 0.43 percent, France’s CAC was last up by 0.60 percent.
Gold hit a near two-week high on Tuesday as the dollar weakened and investors turned their focus to a U.S. Federal Reserve monetary policy meeting, seeking details of how it planned to hold down rates while aiming to boost inflation.
Spot gold was up 0.4% at $1,963.22 per ounce by 0643 GMT, after hitting $1,968.80 earlier, its highest level since Sept. 2. U.S. gold futures climbed 0.5% to $1,973.
Oil prices rose on Tuesday, but forecasts of a slower than expected recovery in global fuel demand due to the coronavirus pandemic weighed.
Brent crude was up 44 cents, or 1.1%, at $40.05 a barrel by 1209 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 52 cents, or 1.4%, at $37.78 a barrel. Both contracts fell on Monday.