Asia Roundup; Antipodeans rebound from multi-week lows, dollar gains against yen on renewed stimulus hopes, Asian shares surge - Friday, September 25th, 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
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
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
Asia Roundup: Antipodeans at multi-week lows on additional monetary easing expectations, dollar rallies amid coronavirus concerns, Asian shares plunge amid fading global recovery hopes - Thursday, September 24th, 2020
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 falls on concerns about fresh lockdowns in Europe,European stocks bounce,Gold falls, Oil rises on expectation demand can survive new lockdowns-September 22nd 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’ 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
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: Kiwi plunges ahead of RBNZ policy decision, Aussie slumps on RBA Debelle's comments, greenback holds near 6-week high as investors eye Fed Powell's testimony - Tuesday, September 22nd, 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
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 Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,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 firms as ECB policymakers calm worries,European shares flat, Gold slips, Oil falls on U.S. market slide, surprise inventories rise-Sep 11th,2020
Europe Roundup: Euro hits 18-month high against dollar, European stocks dips ,Gold hits highest since 2011 on stimulus bets, Oil falls as inventories rise, U.S.-Chinese tensions escalate-July 22nd 2020
• German 30-Year Bund Auction -0.060%, -0.130% previous
• US MBA Purchase Index 310.9, 305.4 previous
• US Mortgage Refinance Index 3,973.3 , 3,774.3 previous
• US Mortgage Market Index 848.8, 815.5 previous
• US MBA 30-Year Mortgage Rate 3.20%,3.19% previous
• US MBA Mortgage Applications (WoW) 4.1%, 5.1% previous
Looking Ahead Economic Data
• 12:30 Canada June Core CPI (YoY) 0.7% previous
• 12:30 Canada June CPI (MoM) 0.4% forecast,0.3% previous
• 12:30 Canada June Core CPI (MoM) -0.1% previous
• 12:30 Canada Trimmed CPI (YoY) 1.7% previous
• 12:30 Canada Median CPI (YoY) 1.9% previous
• 12:30 Canada Common CPI (YoY) 1.4% previous
• 12:30 Canada June CPI (YoY) 0.3% forecast,-0.4% previous
• 13:00 US May House Price Index (YoY) 5.5% previous
• 13:00 US May House Price Index 288.3 previous
• 13:00 US May House Price Index (MoM) 0.2% previous
•14:00 US Existing June Home Sales 4.78M forecast, 3.91M previous
• 14:00 US Existing June Home Sales (MoM ) 24.5% forecast, -9.7% previous
• 14:30 US Gasoline Inventories -1.386M forecast, -3.147M previous
• 14:30 US Crude Oil Inventories -2.088M forecast, -7.493M previous
Looking Ahead - Events, Other Releases (GMT)
•13:00 German Buba Vice President Buch Speaks
•13:15 ECB President Lagarde Speaks
• 15:00 ECB's De Guindos Speaks
EUR/USD: The euro stood at an 18-month high, benefiting from hopes that key parts of the global economy are heading in the right direction. The euro’s rally gathered steam on that agreement, a huge step toward both recovery and a stronger union, busting through resistance at $1.15 as the dollar faltered. The common currency hit $1.1547 on Wednesday, its best since January 2019. Immediate resistance can be seen at 1.1585 (Daily high), an upside break can trigger rise towards 1.1614 (23.6% fib).On the downside, immediate support is seen at 1.1504 (Daily low), a break below could take the pair towards 1.1494(38.2% fib).
GBP/USD: The British pound drifted away from the one-and-a-half month high on Wednesday, amid worries around the Brexit transition period ending without any deal between Britain and the EU. Sterling was trading down 0.6% versus the dollar at $1.2699 on Wednesday and versus the euro it was 0.5% lower at 91.04 pence. The pound had briefly risen above $1.27 for the first time in six weeks on Tuesday. 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 1.2642 (Daily low), a break below could take the pair towards 1.2600 (38.2 %fib).
USD/CHF: The dollar declined against the Swiss franc on Wednesday as dollar was undermined by concern that Republicans and Democrats are struggling to reach consensus on the next round of U.S. economic stimulus measures. Investors expect a massive amount of fiscal spending to support growth in major economies but could easily be disappointed if any stimulus falls short of expectations. Immediate resistance can be seen at 0.9370 (23.6% fib), an upside break can trigger rise towards 0.9389 ( 11 DMA).On the downside, immediate support is seen at 0.9300 (Lower BB), a break below could take the pair towards 0.9242 (March 10th low).
USD/JPY: The dollar declined against the Japanese yen Wednesday as unease around the next round of economic stimulus in the United States kept the U.S. dollar subdued. The greenback clawed back earlier losses and inched higher after China said the United States had abruptly told it to close its consulate in the city of Houston, stoking more tension between the countries. Broader risk appetite has improved this week amid progress in developing vaccines for the novel coronavirus and a historic stimulus deal in Europe, reducing the greenback's safe-harbour appeal. Strong resistance can be seen at 107.05 (5 DMA), an upside break can trigger rise towards 107.50 (50% fib).On the downside, immediate support is seen at 106.50 (Lower BB), a break below could take the pair towards 106.00 (Psychological level).
European shares fell on Wednesday as escalating U.S.-China tensions and a surge in coronavirus cases dented sentiment after an EU-wide debt deal sent the region’s markets to four-month highs in the previous session.
At (GMT 12:10 ),UK's benchmark FTSE 100 was last trading down at 0.69 percent, Germany's Dax was down by 0.35 percent, France’s CAC was down at 0.90 percent.
Gold surged to a nine-year peak on Wednesday on bets that central banks would introduce more stimulus measures to ease the economic impact of coronavirus, while silver scaled a near seven-year high on hopes of a rebound in industrial activity.
Spot gold hit its highest since September 2011 in early trade at $1,865.35, and by 1113 GMT was up 0.9% at $1,858.39 per ounce. U.S. gold futures were 0.9% higher at $1,859.60.
Oil prices fell on Wednesday as industry data showed a bigger-than-expected rise in U.S. inventories and as tensions escalated between the United States and China.
Brent crude fell 58 cents, or 1.3%, to $43.74 a barrel by 1058 GMT. U.S. West Texas Intermediate (WTI) crude dropped 66 cents, or 1.6%, to $41.26.