America’s Roundup: Dollar retreats on stimulus talks, Wall Street ends higher, Gold gains, Oil edges up to highest since March on hopes for U.S. stimulus-August 5th,2020
Asia Roundup: Aussie eases on U.S.-China tensions, greenback steadies as U.S. treasury yields resume rise, Asian shares consolidate - Monday, August 10th, 2020
Asia Roundup: Aussie steadies as RBA keeps policy steady, dollar gains against yen as investors await U.S. stimulus deal, Asian shares surge - Tuesday, August 4th, 2020
Europe Roundup : Euro little changed as investors await Fed meeting, European share flat, Gold eases, Oil prices jump on U.S. inventory drop-July 29th,2020
Asia Roundup: Aussie gains on upbeat economic data, dollar eases on recovery worries, Asian shares consolidate - Wednesday, August 5th, 2020
America’s Roundup: Dollar heads for steepest monthly drop in decade, Wall Street gains, Gold rises, Oil posts monthly gains as U.S. reports record output cuts in May-August 1st,2020
Europe Roundup: Sterling heads lower after early gains, European shares dips,Gold edges back from record peak, Oil falls as rising virus cases overshadow demand recovery-August 4th,2020
Asia Roundup: Sterling at 5-month peak as BoE stands pat, dollar eases as investors fret over U.S. recovery, Asian shares subdued - Thursday, August 6th, 2020
America’s Roundup: Dollar climbs after US jobs data, U.S. stocks gains,Gold eases, Oil slips below $45/bbl on demand concerns but posts weekly rise-August 08,2020
Europe Roundup: Euro's advance slows as risk sentiment falters, European shares slip,Gold retreats more than 1%, Oil prices slide as virus surge weighs on demand outlook-July 30th,2020
Asia Roundup: Dollar steadies across the board on U.S. stimulus hopes, gold eases from record peak on profit taking, Asian shares nudge higher - Tuesday, July 28th, 2020
America’s Roundup: Dollar gains on upbeat manufacturing data,Wall Street jumps, Gold pulls back from record high, Oil rises more than 1% on hopes for economic recovery-August 4th,2020
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,2020
Europe Roundup:Euro dips on renewed U.S.-Sino tensions, jobs data eyed, European stocks flat, Gold eases, Oil slips below $45 on demand concerns, set for weekly rise-August 7th,2020
America’s Roundup: Dollar stays weak amid signs of lagging U.S. economy, Wall Street gains, Gold scales new record, Oil moves up on big crude inventory decline-August 6th,2020
America’s Roundup: Dollar holds near 1-week high, European stocks maon, Gold loses ground, Oil settles higher on Chinese factory data, U.S. stimulus hopes-August 11th,2020
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
• German, French PMIs suggest recovering business
• French June Manufacturing PMI 52.1, 46.0 forecast, 40.6 previous
• French June Services PMI 50.3, 44.2 forecast, 31.1 previous
•French June Markit Composite PMI 51.3, 46.3 forecast, 32.1 previous
• German June Manufacturing PMI 44.6, 41.5 forecast, 36.6 previous
• German June Composite PMI 45.8, 44.2 forecast, 32.3 previous
•German June Services PMI 45.8, 42.0 forecast, 32.6 previous
•EU June Manufacturing PMI 46.9, 44.5 forecast, 39.4 previous
• EU Services PMI 47.3, 41.0 forecast, 30.5 previous
• UK Composite PMI 47.6, 41.0 forecast, 30.0 previous
• UK Services PMI 47.0, 40.0 forecast, 29.0 previous
• UK Manufacturing PMI 50.1,45.0 forecast, 40.7 previous
Looking Ahead Economic Data (GMT)
• US Redbook (MoM) -2.4% previous
• US Redbook (YoY) -8.3% previous
• 13:45 US June Manufacturing PMI 48.0 forecast, 39.8 previous
• 13:45 US June Markit Composite PMI 37.0 previous
• 13:45 US June Services PMI 46.5 forecast, 37.5 previous
• 14:00 US June Richmond Services Index -48 previous
• 14:00 US May New Home Sales (MoM) 2.9% forecast, 0.6% previous
• 14:00 US May New Home Sales 640K forecast, 623K previous
• 14:00 US June Richmond Manufacturing Shipments -26 previous
• 14:00 US June Richmond Manufacturing Index -27 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro rose against dollar on Tuesday after Purchasing Managers’ Indexes (PMIs), seen as a good gauge of economic health, thumped expectations to bolster V-shaped recovery hopes. Euro zone PMIs recovered to 47.5 from May’s 31.9 and April’s record low of 13.6. The future output index, which had been below the 50 mark that separates growth from contraction for three months, recovered to 55.7 from 46.8 too. Immediate resistance can be seen at 1.1358 (June 16th), an upside break can trigger rise towards 1.1424 (Higher BB).On the downside, immediate support is seen at 1.1292 (23.6% fib), a break below could take the pair towards 1.1216 (21 DMA).
GBP/USD: Sterling strengthened against dollar on Tuesday after data showed as better-than-expected PMI data supported the British currency. The IHS Markit/CIPS flash composite Purchasing Managers’ Index (PMI), which measures activity in the services sector and manufacturing, jumped to 47.6 in June from 30.0 in May. This was a record rise that easily exceeded expectations in a poll for an increase to 41, though its sub-50 level still represents a modest fall in output. Immediate resistance can be seen at 1.2681 (200 DMA),an upside break can trigger rise towards 1.2775(23.6% fib).On the downside, immediate support is seen at 1.2418 (50DMA), a break below could take the pair towards 1.2311 (61.8% fib).
USD/CHF: The dollar declined against the Swiss franc on Tuesday as U.S. dollar was on the backfoot as markets clung on to hopes of an economic recovery from the pandemic despite rising infections in some parts of the world. The World Health Organization (WHO) reported a record increase in global novel coronavirus cases on Sunday, with spikes in infections in southern and western U.S. states as well as Brazil. Immediate resistance can be seen at 0.9486 (11 DMA), an upside break can trigger rise towards 0.9533 (50% fib).On the downside, immediate support is seen at 0.9397 (Lower BB), a break below could take the pair towards 0.9346 (23.6%fib).
USD/JPY: The dollar edged higher against the Japanese yen Tuesday after U.S. President Donald Trump provided assurance that the U.S.-China trade pact was fully intact , following confusing statements from the White House earlier over the fate of the deal. Japanese yen had strengthened early in the Asian day after White House trade adviser Peter Navarro said the trade deal with China was “over”, linking the breakdown in part to Washington’s anger over Beijing not sounding the alarm earlier about the coronavirus outbreak. The comment caused a kneejerk reaction in the markets, although sentiment turned around quickly after a statement from Navarro that his comment had been taken out of context. Strong resistance can be seen at 107.87 (38.2% fib), an upside break can trigger rise towards 108.02 (38.2% fib).On the downside, immediate support is seen at 106.72 (50% fib ), a break below could take the pair towards 106.00(Psychological level).
European shares rose to a near two-week high on Tuesday, powered by cyclical stocks after latest economic data signalled that business activity in the continent was rebounding faster than expected from a coronavirus-driven slump.
At (GMT 12:00 ),UK's benchmark FTSE 100 was last trading up at 1.44 percent, Germany's Dax was up by 2.54 percent, France’s CAC finished was up by 1.78 percent.
Gold prices on Tuesday held firm near a more than one-month peak scaled in the last session, as a rise in coronavirus infections fuelled concerns of a second wave of the pandemic.
Spot gold was up 0.1% to $1,756.70 per ounce at 1154 GMT. On Monday, bullion hit $1,762.84, its highest since May 18. U.S. gold futures were up 0.3% to $1,771.20 per ounce.
Oil prices rose on Tuesday after a volatile session sparked by confusion over the status of the U.S.-China trade deal.
Brent crude rose 49 cents, or 1.1%, to $43.57 a barrel by 0933 GMT, having skidded to a session low of $42.21. U.S. oil was up 48 cents, or 1.2%, at $41.21 a barrel after touching a low of $39.76.
Euro zone bond yields rose as business surveys from France and Germany suggested the continent’s two largest economies are recovering from the depths of the COVID-19 crisis as they come out of lockdown.
Safe haven German 10-year bond yields rose 2 basis points on this news to -0.45% and moved further away from a near one-month high hit overnight.