Europe Roundup: Euro dips lower against dollar as markets balanced hopes for a global economic recovery, European stocks dips,Gold hits 8-year peak.Oil rises on manufacturing data, U.S. inventories-July 1st 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
Asia Roundup: Aussie gains on upbeat retail sales, dollar consolidates within narrow ranges amid holiday-thinned trading, Asian shares at 4-month peak - Friday, July 3rd, 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
Asia Roundup: Euro eases on fresh trade tensions, greenback steadies as coronavirus surge drives cash hunt, Asian shares plunge amid holiday-thinned trading - Thursday, June 25th, 2020
Europe roundup: Sterling gains as dollar sags, investors eye month-end for trade deal, European stocks surge,Gold steadies off 8-year high, Oil prices gain on fall in U.S. crude stockpiles-July 2nd 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 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
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
Europe Roundup: Euro rises on upbeat Euro zone retail sales data, European shares gain, Gold ticks higher, Oil mixed on tighter supply, surge in U.S. virus cases-July 6th,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
Asia Roundup: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 2020
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
America’s Roundup: Dollar stumbles as jump in coronavirus cases dented the economic outlook, Wall Street ends higher, Gold hits highest since October 2012, Oil flat, near highest since March, after Trump assurance on China trade-June 24th,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
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
Europe Roundup: Euro steady as doubts over EU recovery fund arise,European shares gains,Gold gains, Oil prices steady,awaiting confirmation of surprise U.S. inventory build-May 28th,2020
• Spanish May HICP (YoY) -0.9%,-0.9% forecast,-0.7% previous
• Spanish April Retail Sales (YoY) -31.6%,-14.1% previous
•Spanish CPI (MoM) 0.0%,0.3% previous
• Spanish CPI (YoY) -1.0%,-0.7% previous
• Spanish HICP (MoM) 0.0%,0.4% previous
• Italian April Consumer Confidence 94.3, 88.5 forecast,101.0 previous
• Italian April Business Confidence 71.2, 79.0 forecast, 89.5 previous
• EU May Consumer Inflation Expectation 28.6, 29.1 previous
• EU May Business and Consumer Survey 67.5, 70.3 forecast, 67.0 previous
• EU May Business Climate -2.43, -1.81 previous
• EU May Industrial Sentiment -27.5, -27.0 forecast, -30.4 previous
• EU May Services Sentiment -43.6, -28.6 forecast, -35.0 previous
• Belgium May CPI (MoM) 0.07%, 0.16% previous
• Italian April PPI (MoM) -2.6%,-1.0% previous
• France Jobseekers Total 4,315.7K, 3,488.6K previous
• German May HICP (YoY) 0.5% , 0.5% forecast, 0.8% previous
• German May HICP (MoM) 0.0%, -0.1% forecast, 0.4% previous
• German May CPI (MoM) -0.1%,-0.1% forecast, 0.4% previous
• German May CPI (YoY) 0.6%,0.6% forecast, 0.9% previous
• Canada Current Account (Q1) -17.3B,-10.0B forecast, -8.8B previous
• US Real Consumer Spending (Q1) -6.8%,-7.6% previous
• US GDP (QoQ) (Q1) -5.0%,-4.8% forecast 2.1% previous
• US GDP Sales (Q1) -3.7%,-4.3% previous
• US April Core Durable Goods Orders (MoM) -7.4%,-14.0% forecast, -0.2% previous
• US April Durables Excluding Defense (MoM) -16.2%, -16.5% previous
• US Initial Jobless Claims 2,123K, 2,100K forecast, 2,438K previous
• US Continuing Jobless Claims 21,052K, 25,750K forecast, 25,073K previous
• US Jobless Claims 4-Week Avg 2,608.00K, 3,042.00K previous
• 13:00 Russia Central Bank Reserves (USD) 565.3B, 562.9B previous
• 13:30 US April Pending Home Sales Index 88.2 previous
• 13:30 US April Pending Home Sales (MoM) -15.0%,-20.8% previous
• 14:30 US Natural Gas Storage 107B, 81B previous
• 14:30 US May KC Fed Composite Index -30 previous
• 14:30 US KC Fed Manufacturing Index -62 previous
• 15:00 US Crude Oil Inventories -1.944M, -4.983M previous
• 15:00 US Cushing Crude Oil Inventories-4.261 M forecasts, -5.587M previous
• 15:00 US Gasoline Inventories 0.100M forecast, 2.830M previous
Looking Ahead - Events, Other Releases (GMT)
•15:00 FOMC Member Williams Speaks
EUR/USD: The euro was steady against dollar on Thursday as investors questioned whether a 750 billion euro ($826.35 billion) European Union plan to prop up the bloc’s coronavirus-hit economies would be delivered. The EU executive unveiled a plan on Wednesday to support economies hammered by the pandemic, hoping to end months of squabbling over how to fund a recovery that exposed faultlines across the 27-nation bloc.Under the proposal, the EU Commission will disburse two-thirds of the funds in grants and the rest in loans to cushion the unprecedented slump expected this year. Immediate resistance can be seen at 1.1064 (50% fib), an upside break can trigger rise towards 1.1167 (61.8% fib).On the downside, immediate support is seen at 1.0958(38.2% fib), a break below could take the pair towards 1.0877(21 DMA).
GBP/USD: The pound was flat against the dollar on Thursday, near the lows reached the days before on reports that Brexit talks are at an impasse.Sterling fell 1% after Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year.British Prime Minister Boris Johnson will resume Brexit talks in person in Brussels next month, the Times newspaper reported on Thursday. The government insists it will not extend the transition period.The pound is near its lowest levels in more than three decades, as it grapples with Brexit, the prospect of negative interest rates in Britain, a deep recession and a growing pile of debt. Immediate resistance can be seen at 1.2325 (50 % fib), an upside break can trigger rise towards 1.2400 (Psychological level).On the downside, immediate support is seen at 1.2230 (9 DMA), a break below could take the pair towards 1.2104 (38.2 %fib).
USD/CHF: The dollar Strengthened against the Swiss franc on Thursday as rising Sino-U.S. tensions increased demand for greenback. The escalating war of words between the world’s two biggest economies put heavy pressure on the yuan, which spilled over into the Antipodean currencies as the mood turned cautious compared with the ebullience in equities markets. At ( GMT 13:00),greenback edged higher 0.08% versus the Swiss franc to 0.9685 Immediate resistance can be seen at 0.9710 (38.2% fib) upside break can trigger rise towards 0.9783 (23.6% fib).On the downside, immediate support is seen at 0.9648(50 % fib), a break below could take the pair towards 0.9587(61.8% fib).
USD/JPY: The dollar was little changed against the Japanese yen on Thursday as worries about escalating U.S.-China trade tensions dented market optimism. Investors kept a close eye for new U.S. action against China after U.S. President Donald Trump said Washington would respond strongly this week against Beijing's move to impose a proposed security law on Hong Kong. Any escalation would hammer a global economy already on track for a deep recession.. Strong resistance can be seen at 107.90 (38.2% fib), an upside break can trigger rise towards 108.00 (Psychological level).On the downside, immediate support is seen at 107.47 (11 DMA), a break below could take the pair towards 106.59 (50% Fib).
European shares rose for the fourth straight session on Thursday, as optimism over businesses reopening and a massive stimulus plan for the European Union outweighed concerns over rising U.S.-China tensions.
At (GMT 13:00),UK's benchmark FTSE 100 was last trading up at 1.03 percent, Germany's Dax was up by 0.58 percent, France’s CAC was trading up by 1.05 percent.
Gold rebounded on Thursday as deteriorating U.S.-China relations over Beijing’s move to impose a national-security law in Hong Kong fanned concerns over quick economic recovery and drove investors towards the safe-haven metal.
Spot gold was up 0.8% at $1,722.70 per ounce by 1054 GMT, recovering from a two-week low of $1,693.22 touched in the previous session. U.S. gold futures rose 0.8% to $1,739.70.
Oil futures steadied on Thursday as the market awaited confirmation of industry data that showed a surprise increase in U.S. crude stocks, which offset hopes for a demand recovery as coronavirus lockdowns ease.
Brent crude futures were down 0.06%, or 2 cents, at $34.72 a barrel at 1311 GMT after dropping by more than $1 to $33.62 in early trade.
U.S. West Texas Intermediate (WTI) crude futures were down 0.3%, or 10 cents, at $32.71. U.S. futures earlier slipped as much as 5% to a low of $31.14.