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: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
Europe Roundup: Euro dips on fears of pandemic wave, European stocks rebound, Gold steadies, Oil slips towards $40 on record U.S. inventories, COVID fears-June 25th,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 retreats from near 4-week peak on fresh lockdowns, dollar rebounds against yen on upbeat service sector data, Asian shares plunge - Tuesday, July 7th, 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
Europe Roundup: Sterling gains on infrastructure spending promise, Brexit caps gains, European shares gain Gold holds close to near 8-year peak, Oil rises on improving economic data, supply cut-June 29th,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 recovers some overnight losses , Wall Street gains,Gold steadies near multi-year peak, Oil rises on improving economic data but virus case jump caps gains-June 30th,2020
America’s Roundup: Dollar gains on coronavirus, tariff concerns, Wall Street ends lower, Gold retreats from an over 7-1/2 year high, Oil dives over 5% as U.S. crude stocks hit record, COVID cases mount-June 25th 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
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 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
Europe Roundup: Sterling slips further to $1.24, weighed down by Brexit,European shares rise, Gold on course for third weekly gain, Oil prices inch up as demand upswing counters virus concerns-June 26th,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
Europe Roundup: Euro dips as grim data keeps euro under pressure, European shares edge lower, Gold hovers close eight years high, Oil prices drop on prospect of returning Libyan supplies-June 30th,2020
Europe Roundup: Euro rise as investors focus on turns EU recovery plan, European shares edge higher, Gold dips to two-week low, Oil falls on U.S.-China tensions over Hong Kong-May 27th,2020
• Finnish April Unemployment Rate 6.8%,6.6% previous
• Finnish May Industrial Confidence -26, -23 previous
• Finnish May Consumer Confidence -9.0 -13.9 previous
• French May Business Survey 70, 85 forecast, 82 previous
• French May Consumer Confidence 93 , 92 forecast, 95 previous
• Swiss May ZEW Expectations 31.3, 12.7 previous
• Italian 6-Month BOT Auction 0.012%,0.227% previous
• US MBA Purchase Index 281.2 , 258.9 previous
• US Mortgage Refinance Index 3,466.2, 3,474.1 previous
Looking Ahead Economic Data
• Canada April Building Permits (MoM) -13.2% previous
• US Redbook (YoY) -9.5% previous
• US Redbook (MoM) -2.6% previous
• US Seevol Cushing Storage Report -5.492M previous
• US May Richmond Services Index -87 previous
• US May Richmond Manufacturing Index -53 previous
• US May Richmond Manufacturing Shipments -70 previous
• US May Dallas Fed Services Revenues -65.4 previous
• US May Texas Services Sector Outlook -81.7 previous
Looking Ahead - Events, Other Releases (GMT)
• 16:30 US FOMC Member Bullard Speaks
EUR/USD: The euro rose higher against dollar on Wednesday as investors waited for the European Commission to release details of a financial rescue fund for the bloc.The European Commission is to present its own proposal for a coronavirus recovery fund later on Wednesday after a Franco-German proposal for a 500 billion euro ($547.70 billion) fund ran into opposition. The European Commission is to present its own proposal for an economic recovery fund later on Wednesday. Immediate resistance can be seen at 1.1028 (Higher BB), an upside break can trigger rise towards 1.1060 (50 % fib ).On the downside, immediate support is seen at 1.0959 (38.2 % fib), a break below could take the pair towards 1.0888 (21 DMA).
GBP/USD: Sterling edged higher against the dollar on Wednesday as lockdown easing bolstered hopes for economic recovery, although simmering U.S.-China trade tensions limited the appetite for risk.Volumes were thin as the Eid al-Fitr religious festival and early summer public holidays closed many markets in Asia, Europe and the United States. Countries further relaxed restrictions they have enforced to curb the novel coronavirus, prompting investor hopes that recovering demand and activity will limit the extent of an expected deep recession. Immediate resistance can be seen at 1.2221 (21 DMA), an upside break can trigger rise towards 1.2278 (61.8% fib).On the downside, immediate support is seen at 1.2262 (38.2% fib), a break below could take the pair towards 1.2177 (26th May low).
USD/CHF: The dollar strengthened against the Swiss franc on Wednesday as worries about the U.S. response to China’s proposed security law for Hong Kong injected a more cautious tone into foreign exchange markets. The U.S. currency had fallen sharply on Tuesday as strong risk appetite encouraged investors into riskier currencies, but that sentiment was much less buoyant in early trading on Tuesday. Renewed protests in Hong Kong added to the nervous mood. At ( GMT 12:00),greenback edged higher 0.44% versus the Swiss franc to 0.9698. Immediate resistance can be seen at 0.9710 (38.2 %fib), an upside break can trigger rise towards 0.9764 (Higher BB).On the downside, immediate support is seen at 0.9683 (100 DMA), a break below could take the pair towards 0.9648 (50 % fib).
USD/JPY: The dollar declined against the Japanese yen on Wednesday as worries about the U.S. response to China’s proposed security law and renewed protests in Hong Kong supported safe-haven demand for the greenback Financial markets have been caught in a tug-of-war between optimism and pessimism about the global outlook. Some investors are betting on a resumption of business activity following the crippling coronavirus pandemic that brought the global economy to a standstill, but others worry the threat of U.S. sanctions against China for its treatment of Hong Kong could easily worsen risk sentiment yet again. Strong resistance can be seen at 108.12 (Higher BB), an upside break can trigger rise towards 109.24 (23.6% fib).On the downside, immediate support is seen at 107.11 (21 DMA), a break below could take the pair towards 106.36 (50% Fib).
European shares inched higher on Wednesday as investors focused on a fresh stimulus plan for the European Union, while renewed U.S.-China tensions over Hong Kong tempered optimism about a global economic recovery.
At (GMT 12:00),UK's benchmark FTSE 100 was last trading up at 1.49 percent, Germany's Dax was up by 2.00 percent, France’s CAC was trading up by 2.14 percent.
Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, while U.S.-China tensions over Hong Kong put a floor under bullion prices.
Spot gold was down 0.4% at $1,704.46 per ounce by 0916 GMT. U.S. gold futures fell 0.7% to $1,693.90.
Oil prices fell on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong.
Brent crude fell 47 cents, or 1.3%, to $35.70 a barrel by 1106 GMT and U.S. West Texas Intermediate (WTI) crude CLc1 was down 32 cents, or almost 1%, at $34.03.
Euro zone government bond yields edged down on Wednesday, easing off from Tuesday’s highs, as investors waited for proposals about the EU recovery fund which are due to be presented the European Parliament.
The German 10-year government bond yield, which on Tuesday hit a one-month high, eased slightly, last down 2 basis points at -0.442%.
Italy’s 10-year government bond yield, which on Tuesday fell to a seven-week low as risk assets rallied during as global risk appetite improved, was little changed, last at 1.552%