Asia Roundup: Kiwi slumps to 4-week trough as RBNZ hints at further easing, Aussie plunges as Westpac expects monetary easing by RBA, Asian shares volatile - Wednesday, September 23rd, 2020
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 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
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
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
Asia Roundup; Antipodeans rebound from multi-week lows, dollar gains against yen on renewed stimulus hopes, Asian shares surge - Friday, September 25th, 2020
America’s Roundup: U.S. dollar skids to two-week low vs yen as Fed looms,Wall Street climbs, Gold slips, Oil rises over 2% as U.S. Gulf Coast braces for hurricane -September 16th,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 dips as COVID-19 cases rise in Eurozone, European stocks slip, Gold edges up, Oil steady as market eyes coronavirus hit to demand-September 27th,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 halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 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
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
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
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 rise after positive economic indicators, European shares gains, Gold rise to new record high, Oil prices rise as U.S. crude inventories show large drop-August 5th,2020
• Sweden Industrial Production (YoY) -8.2%,-16.5% previous
• Sweden Industrial Production (MoM) 8.8%,-0.1% previous
• Sweden GDP (YoY) -8.2%,0.4% previous
• Sweden GDP (QoQ) -8.6%,0.1% previous
•Italian Jul Composite PMI 52.5, 47.6 previous
•Italian Jul Services PMI 51.6, 51.1 forecast, 46.4 previous
•French Jul Services PMI 57.3, 57.8 forecast, 50.7 previous
•French Jul Markit Composite PMI 57.3, 57.6 forecast, 51.7 previous
•German Jul Composite PMI 55.3, 55.5 forecast, 47.0 previous
•German Jul Services PMI 55.6, 56.7 forecast, 47.3 previous
•EU July Services PMI 54.7, 55.1 forecast, 48.3 previous
•EU July Markit Composite PMI 54.9, 54.8 forecast, 48.5 previous
•UK July Composite PMI 57.0, 57.1 forecast, 47.7 previous
•UK July Services PMI 56.5, 56.6 forecast, 47.1 previous
•EU Jun Retail Sales (YoY) 1.3% , -0.5% forecast, -5.1% previous
•EU Jun Retail Sales (MoM 5.7% , 5.9% forecast, 17.8% previous
•US MBA Purchase Index300.7, 306.1 previous
•US MBA Mortgage Refinance Index3,688.1, 3,955.9 previous
•US Mortgage Market Index798.8, 841.9 previous
•US Jul ADP Nonfarm Employment Change 167K, 1,500K forecast, 4,314K previous
•US Imports 208.95B, 199.49B previous
•US Exports 158.25B, 144.69B previous
•Canada Jun Exports 39.71B, 38.80B forecast, 33.90B previous
•US Jun Trade Balance -50.70B, -50.10B forecast, -54.80B previous
•US Jun Trade Balance -3.19B, -0.90B forecast, -1.33B
Looking ahead Economic Data (GMT)
• US Jul Services PMI 50.0, 49.6 forecast, 47.9 previous
• US Jul Markit Composite PMI 67.2,50.3, 50.0, 47.9 previous
•US ISM Non-Manufacturing Business Activity 58.1, 60.0 forecast, 66.0 previous
•US Jul ISM Non-Manufacturing PMI 42.1, 55.0 forecast, 57.1 previous
• US Jul ISM Non-Manufacturing Employment 57.6, 43.1 previous
•14:00 US Jul ISM Non-Manufacturing Prices 67.7, 62.4 previous
Looking Ahead Economic Data( GMT)
•14:00 US Jul ISM Non-Manufacturing New Orders 61.6 previous
•14:30 US Crude Oil Inventories -3.001M forecast, -10.612M previous
•14:30 US Cushing Crude Oil Inventories 1.309M previous
•15:44 Russia Jul CPI (MoM) 0.4% forecast, 0.2% previous
•15:44 Russia Jul CPI (YoY) 3.4% forecast,3.2% previous
Looking Ahead - Events, Other Releases (GMT)
•21:00 US FOMC Member Mester Speaks
EUR/USD: The euro strengthened against dollar on Wednesday after economic data pointed to a return to growth in the bloc, while investors remained broadly cautious as they waited for Washington to agree on a fiscal plan for the United States.Euro zone business activity returned to growth in July, with Wednesday’s final Composite Purchasing Manager’s Index (PMI) at 54.9 in July, compared to June’s 48.5 and the flash estimate of 54.8.European retail sales rebounded to pre-pandemic levels, with online shopping falling for the first time this year in June as consumers returned to physical stores. Immediate resistance can be seen at 1.1922 (23.6% fib), an upside break can trigger rise towards 1.2000 (Psychological level).On the downside, immediate support is seen at 1.1801 (38.2 %fib), a break below could take the pair towards 1.1774 (9 DMA).
GBP/USD: Sterling rose on Wednesday against a broadly weaker dollar as the U.S. coronavirus relief package stalled in Congress and U.S. bond yields sank. Sterling climbed back toward pre-pandemic highs and was advancing towards a five-month peak hit last week versus the greenback. The British currency rose as much as 0.5% to $1.3142 against the dollar by 1300 GMT and 0.1% against the euro at 90.22 pence. Immediate resistance can be seen at 1.3293 (Dec 31st high), an upside break can trigger rise towards 1.3174 (23.6%fib).On the downside, immediate support is seen at 1.3101 (5DMA), a break below could take the pair towards 1.2962 (38.2%fib).
USD/CHF: The dollar declined against the Swiss franc on Wednesday after a U.S. coronavirus relief package stalled in Congress, pushing U.S. bond yields down as investors weighed prospects of further Fed easing. White House negotiators and congressional Democrats are trying to reach a deal on a relief package by the end of this week, with Treasury Secretary Steven Mnuchin saying on Tuesday that progress had been made. Immediate resistance can be seen at 0.9147 (38.2% fib), an upside break can trigger rise towards 0.9200 (Psychological level).On the downside, immediate support is seen at at 0.9093 (23.6% fib), a break below could take the pair towards 0.9000 (Psychological level).
USD/JPY: The dollar declined against the Japanese yen on Wednesday as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy. A hardening perception that the U.S. recovery is lagging Europe has buttressed the euro, which has repelled a rebound in the dollar and rose back above $1.18 on Wednesday. Strong resistance can be seen at 105.88 (Daily high), an upside break can trigger rise towards 106.06 (38.2% fib).On the downside, immediate support is seen at 105.06 (38.2% fib), a break below could take the pair towards 104.16 (July 31st low).
European shares rose on Wednesday, as a batch of positive earnings reports and the huge quantities of stimulus coursing through the financial system again overshadowed concerns about the surge in coronavirus cases in Europe and the United States..
At (GMT 13:30),UK's benchmark FTSE 100 was last trading up at 0.92 percent, Germany's Dax was down by 0.52 percent, France’s CAC was last up by 0.69 percent.
Gold soared to a record high on Wednesday as a weakening dollar, falling returns on U.S. bonds and a break above historic resistance at $2,000 an ounce added momentum to buying by investors seeking a safe store of value.
Breaking above $2,000 for the first time on Tuesday and hitting a new high of $2,041.33 an ounce earlier on Wednesday, spot gold was up 1.1% at $2,040.50 by 1020 GMT.U.S. gold futures climbed 1.8% to $2,056.30.
Oil prices rose on Wednesday after inventory data showed a big drop in U.S. crude stocks although gains were capped by concerns over fuel demand with mounting global COVID-19 cases.
Brent crude was up by 31 cents, or 0.7%, at $44.74 a barrel by 0713 GMT. The contract rose 0.6% on Tuesday to its highest close since March 6.
West Texas Intermediate oil was up by 26 cents, or 0.6%, at $41.96 a barrel. The contract ended Tuesday trading 1.7% higher, its highest close since late July.