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
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 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
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: Sterling falls to 6-week low vs dollar, European shares inch higher, Gold falls, Oil prices reverse some losses but demand concerns persist-September 9th,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
America’s Roundup: Dollar retreats post U.S. jobs data, ECB decision ,Wall Street ends lower,Gold gains, Oil prices slide near 2% after surprise U.S. crude stock build-September 11th,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 holds strong gains against eruro,Wall Street closes lower, Gold touches six-week low, Oil edges higher after U.S. crude, fuel stockpiles draw down-September 24th,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 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
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 falls against the yen,Wall Street ends lower,Gold rises, Oil flat as Libya developments counter OPEC+ boost-September 19th,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
Europe Roundup: Euro falls as rising COVID-19 cases unnerve investors, European stocks slips, Gold drops to near two-week low, Oil prices slip on potential Libyan output return, demand concerns-September 21st,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
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
• Euro jumps to $1.19, eyes best month since 2010
• French GDP (QoQ) (Q2) 13.8%,-15.3% forecast, -5.3% previous
• German June Retail Sales (MoM) -1.6%,-3.3% forecast, 13.9% previous
• German June Retail Sales (YoY) 5.9%, 3.0% forecast, 3.8% previous
• UK July Nationwide HPI (MoM) 1.7%,-0.1% forecast, -1.4% previous
• UK July Nationwide HPI (YoY) 1.5%,-0.3% forecast ,-0.1% previous
• French Jul Consumer Spending (MoM) 9.0%,3.2% forecast , 36.6% previous
• French CPI (MoM) 0.4%,-0.1% forecast , 0.1% previous
• French CPI (YoY) 0.8%,0.3% forecast , 0.2% previous
• Italian GDP (QoQ) (Q2) -12.4%,-15.0% forecast , -5.3% previous
• Italian GDP (YoY) (Q2) -17.3%,-18.7% forecast , -5.4% previous
• Portuguese CPI (MoM) -1.3%,0.9% previous
• EU Jul CPI (YoY) 0.4%, 0.2% forecast, 0.3% previous
•Italian Jul CPI (YoY) -0.3%,-0.1% forecast, -0.2% previous
• Italian Jul CPI (MoM) -0.1%,0.1% forecast, 0.1% previous
•EU July CPI, n.s.a 105.36 , 105.69 previous
• EU Core CPI (YoY) 1.2%,0.8% previous
• EU GDP (QoQ) -12.1%,-11.2% forecast, -3.6% previous
•EU GDP (YoY) -15.0%, -13.9% forecast, -3.1% previous
•Italian June Retail Sales (YoY) -2.2%,-10.5% previous
• Canada June IPPI (MoM) 0.4%, 0.5% forecast,1.2% previous
• Canada June RMPI (YoY) -13.5%, -24.3% previous
• Canada June IPPI (YoY) -3.1% ,-4.9% previous
• Canada June RMPI (MoM) 7.5%, 6.9% forecast, 16.4% previous
• US Employment Cost Index (QoQ) (Q2) 0.5% ,0.6%,0.8% previous
• US Employment Wages (QoQ) (Q2) 0.40% ,0.90% previous
• US Employment Benefits (QoQ) (Q2) 0.80% ,0.40% previous
• US Real Personal Consumption (MoM) 5.2%, 8.1% previous
• US June Personal Income (MoM) -1.1%, -0.5%,-4.2% previous
• US June Personal Spending (MoM) 5.6%, 5.5% forecast, 8.2% previous
• US June PCE price index (MoM) 0.4%, 0.1% previous
• US June PCE Price index (YoY) 0.8 ,0.5 previous
• US June Core PCE Price Index (YoY) 0.9% ,1.0% forecast, 1.0% previous
• US June Core PCE Price Index (MoM) 0.2%, 0.2%,0.1% previous
• Canada May GDP (MoM) 4.5% ,3.5% forecast , -11.6% previous
•Canada June Building Permits (MoM) 6.2%, 20.2% previous
Looking Ahead Economic Data
• Brazil June Budget Balance -164.079B forecast, -140.400B previous
• Brazil June Debt-to-GDP ratio 57.0% forecast, 55.0% previous
• US Chicago Jul PMI 43.9 forecast, 36.6 previous
• US Michigan Jul Consumer Sentiment 73.0 forecast, 73.2 previous
• US Michigan Jul Michigan Current Conditions 84.2 forecast, 87.1 previous
• US Michigan Jul Consumer Expectations 66.2, 72.3 previous
• US Michigan Jul Inflation Expectations 3.1%,3.0% previous
• Canada May Budget Balance -14.79B previous
• Canada May Budget Balance (YoY) -21.77B previous
• US June Dallas Fed PCE 1.50% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro edged higher against dollar on Friday, despite data showing the euro zone economy recorded its deepest contraction on record in the second quarter while the bloc’s inflation unexpectedly ticked up in July. The euro traded below $1.10 as recently as May, but after European Union leaders agreed this month to a 750 billion euro economic recovery fund - while also taking on debt jointly in a major boost to regional cooperation many investors have warmed to the currency again. The euro surged to as high as $1.1908 before slipping towards 1.1854 , up 0.1% on the day. Immediate resistance can be seen at 1.1926 (23.6% fib), an upside break can trigger rise towards 1.1000 (Psychological level).On the downside, immediate support is seen at 1.0802 (38.2%fib), a break below could take the pair towards 1.1792 (38.2% fib).
GBP/USD: The pound rose against dollar on Friday investors continue to shrug off stalled EU-UK talks. Britain and the European Union clashed last week over the chances of securing a free trade agreement, with Brussels deeming it unlikely but London holding out hope one could be reached in September. The pound was last up 0.3% versus the dollar at 1.3146. Immediate resistance can be seen at 1.3185 (23.6% fib), an upside break can trigger rise towards 1.3249 (31st Dec 2019 high).On the downside, immediate support is seen at 1.3068 (Daily low), a break below could take the pair towards 1.2968 (38.2%fib).
USD/CHF: The dollar declined against the Swiss franc on Friday as investors fretted that a rebound in the U.S. economy would be derailed by the struggle to stem the coronavirus epidemic. Confidence in the dollar was undermined further after U.S. President Donald Trump on Thursday raised the possibility of delaying the November presidential election. That came on the same day advance gross domestic product (GDP) data showed contraction of an annualised 32.9% in the second quarter, the quickest pace since the Great Depression. Immediate resistance can be seen at 0.9138 (5 DMA), an upside break can trigger rise towards 0.9161 (38.2% fib).On the downside, immediate support is seen at 0.9049 (23.6% fib), a break below could take the pair towards 0.9000 (Psychological level).
USD/JPY: The dollar strengthened against the Japanese yen on Friday as pick-up in Chinese factory activity aided riskier bets. Further supporting the risk-on mood was data which showed China’s factories stepped up activity in July for a fifth straight month on improving prospects for electrical and pharmaceutical goods. At (GMT 12:15), greenback was up 0.41% versus the Japanese yen to 0.9774. Strong resistance can be seen at 105.13 (38.2% fib), an upside break can trigger rise towards 105.76 (9 DMA).On the downside, immediate support is seen at 106.40 (Daily low), a break below could take the pair towards 103.50 (23.6%fib).
European shares recovered from their lowest levels in a month on Friday, as investors looked past a severe economic contraction in Germany and on to company earnings, while the euro reached its highest in more than two years, set for its best month in a decade.
At (GMT 12:23),UK's benchmark FTSE 100 was last trading up at 0.85 percent, Germany's Dax was down by 0.04 percent, France’s CAC was last up by 0.35 percent.
Gold rose on Friday and headed for its biggest monthly gain in 8-1/2 years as the impact of the worsening coronavirus pandemic on the U.S. economy hammered the dollar, prompting investors to seek refuge in bullion.
Spot gold gained 0.8% to $1,975.10 per ounce by 1207 GMT, while U.S. gold futures rose 1.5% to $1,970.80.
Oil prices rose on Friday and were on track for monthly gains, benefiting from a weaker dollar which continued to be hit by concerns over the recovery of the U.S. economy as the coronavirus ravages economic output.
Brent crude was up 43 cents, or 1%, at $43.37 a barrel by 1130 GMT. On Thursday, Brent closed 1.9% down after touching its lowest since July 10.
U.S. crude gained 36 cents, or 0.9%, to $40.28 after dropping 3.3% in the previous session, also off lows not seen since July 10.