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: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 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
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 consolidates within ranges on mixed economic data, yen slumps as Japan’s economy contracts, Asian shares surge - Tuesday, September 8th, 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 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: Aussie gains on China's better-than-expected trade surplus, greenback eases on economic recovery concerns, Asian shares consolidate - Monday, September 7th, 2020
Asia Roundup: Antipodeans halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 2020
Europe Roundup: Euro edges higher on ECB day, all eyes on inflation comments, European shares inch higher, Gold hits one-week high, Brent oil benchmark dips but stays over $40 a barrel-September 10th,2020
Asia Roundup: Aussie declines as consumer inflation expectations ease, euro rebounds on improving economic outlook hopes, investors eye ECB policy decision - Thursday, September 10th. 2020
America’s Roundup: Dollar dips dovish U.S. Fed policy bets,Wall Street climbs,Gold gains, Oil edges lower, shrugging off Gulf of Mexico shut-ins-September 16th,2020
America’s Roundup: Dollar jumps after U.S. job growth slows, Wall Street ends lower ,Gold retreats, Oil falls 3%, posts weekly drop on demand concerns-September 5th,2020
Asia Roundup: Kiwi retreats from 2-week low as business confidence improves, Aussie rebounds as consumer sentiment rises, Asian shares plunge on tech selloff - Wednesday, September 9th, 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’s Roundup: U.S. dollar skids from four-week high, Wall Street bounces, Gold firms, Oil prices edge up off three-month lows; demand concerns persist-September 10th,2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
• Spanish Unemployment Rate (Q2) 15.33%,16.70% forecast, 14.41% previous
• Sweden June Retail Sales (MoM) 1.0%,0.5% previous
• Sweden June Retail Sales (YoY) 3.5%, 2.4% previous
• Irish June Retail Sales (YoY) 3.5%,-26.6% previous
• Irish June Retail Sales (MoM) 38.4% , 29.5% previous
• UK Jul CBI Distributive Trades Survey 4, -25 forecast, -37 previous
Looking Ahead - Economic Data (GMT)
• 12:55 US Redbook (MoM) 1.9% previous
• 12:55 US Redbook (YoY) -7.5% previous
• 13:00 US May S&P/CS HPI Composite - 20 n.s.a. (MoM) 0.9% previous
• 13:00 US May S&P/CS HPI Composite - 20 s.a. (MoM) 0.3% forecast, 0.3% previous
• 13:00 US May S&P/CS HPI Composite - 20 n.s.a. (YoY) 4.0%,4.0% previous
• 14:00 US Jul CB Consumer Confidence 94.5 forecast, 98.1 previous
• 14:00 US Richmond Manufacturing Shipments -1 previous
• 14:00 US Jul Richmond Manufacturing Index -27 previous
• 14:00 US Jul Richmond Services Index -28 previous
• 14:00 US Jul Texas Services Sector Outlook 2.1 previous
• 14:00 US Jul Dallas Fed Services Revenues 5.7 previous
Looking Ahead - Economic events and other releases (GMT)
• No Significant events
EUR/USD: The euro retreated from its two-year high on Tuesday as weakness in dollar waned ahead of two-day Federal Reserve meeting. No monetary policy changes are likely, but traders are speculating about a change in emphasis in the Fed’s forward guidance at the meeting, which starts on Tuesday. The euro was last trading down 0.2% at $1.1708 , off the $1.1781 two-year high reached the day before. Immediate resistance can be seen at 1.1781(Daily high), an upside break can trigger rise towards 1.1823 (23.6% fib).On the downside, immediate support is seen at 1.1698 (38.2% fib), a break below could take the pair towards 1.1661 (5 DMA).
GBP/USD: Sterling retreated from a four-month high on Tuesday as a broad U.S. dollar rout over the past week ran out of steam with negative news from Brexit negotiations prompting hedge funds to take profits. Concerns about the lack of progress of Brexit negotiations also prevented the pound from pushing above the $1.30 levels. The pound slipped 0.08% versus the dollar at $1.2870 after rising to its highest level since March at $1.2977. Immediate resistance can be seen at 1.2923 (Higher BB), an upside break can trigger rise towards 1.3002 (23.6%fib).On the downside, immediate support is seen at 1.2807 (5 DMA), a break below could take the pair towards 1.2710 (38.2% fib).
USD/CHF: The dollar declined against the Swiss franc on Tuesday as investors worried about the damage from the coronavirus to the U.S. economy and await the latest outlook from the Federal Reserve and the passage of a new fiscal rescue package. Pressure on the greenback has been relentless since the end of May, as faith in a global economic recovery from the pandemic has grown stronger and other currencies have rallied. At (GMT 12:51), Greenback dipped 0.23% versus the Swiss franc to 0.9579. Immediate resistance can be seen at 0.9223 (5 DMA), an upside break can trigger rise towards 0.9243 (38.2% fib).On the downside, immediate support is seen at 0.9170 (23.6% fib), a break below could take the pair towards 0.9147 (Lower BB).
USD/JPY: The dollar declined against the Japanese yen on Tuesday as hopes for a dovish message from the U.S. Federal Reserve weighed on greenback. The U.S. dollar index, which measures the greenback against six other major currencies, is down around 9% from its March highs and is on track for its worst month since 2011, pressured in part by expectations that the United States will take a bigger hit to growth than other economies from the coronavirus pandemic. Strong resistance can be seen at 105.70 (Daily high), an upside break can trigger rise towards 106.15 (5 DMA).On the downside, immediate support is seen at 105.18 (23.6% fib), a break below could take the pair towards 105.00 (Psychological level).
European shares slid on Wednesday as escalating U.S.-China tensions and a surge in coronavirus cases dented sentiment.
At (GMT 12:15 ),UK's benchmark FTSE 100 was last trading lower at 0.03 percent, Germany's Dax was down 0.43 percent, France’s CAC was last down by 0.73 percent.
Gold fell as much as 1.8% on Tuesday from an all-time peak as the dollar firmed and investors squared positions after a rapid rally, while silver fell more than 9%, with the focus turning to the U.S. Federal Reserve policy stance.
Spot gold was 0.5% down at $1,931.84 per ounce by 1136 GMT, retreating from a record $1,980.57 hit earlier, as traders took profits.U.S. gold futures were 0.2% lower at $1,926.70.
Oil prices were steady on Tuesday, with demand worries due to a rise in coronavirus cases worldwide undermining support coming from hopes for additional U.S. economic stimulus measures.
Brent crude was up 7 cents, or 0.2%, at $43.48 a barrel at 1052 GMT, while West Texas Intermediate (WTI) U.S. crude fell 19 cents, or 0.5%, to $41.41 a barrel.
Euro zone government bond yields opened slightly higher on Tuesday but were still near lows reached in the previous session when U.S.-China frictions drove investors to safe-haven assets.
Germany’s 10-year bond yields had their biggest fall in over a month on Monday, as U.S.-China relations deteriorated sharply, turning markets cautious.