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
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
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
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 dips as infections spike hits confidence,Wall Street ends higher, Gold jumps, Oil up above 2% on tighter supplies, eased lockdowns-June 23rd 2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
America’s Roundup: Dollar edges lower amid uncertain U.S. outlook, Wall Street gains,Gold gains, Oil slips slightly on rising coronavirus cases, returning Libyan supplies-1st July 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 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 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 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
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: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 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: Euro dips as coronavirus surge unnerves investors European stocks dips, Gold soars towards 8-year high, Oil falls on rising stocks, worries of new virus wave-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: Euro takes a breather after four-day rising streak, European shares dips, Gold drops 1%,Oil at highest since March on lower U.S. inventories, recovering demand-May 21st 2020
• Focus on U.S. initial jobless claims data due at 1230 GMT
• French May Services PMI 29.4, 27.8 forecast, 10.2 previous
• French May Manufacturing PMI 40.3, 36.1 forecast, 31.5 previous
• French May Composite PMI 30.5, 32.0 forecast, 11.1 previous
• German May Composite PMI 31.4, 34.1 forecast, 17.4 previous
• German May Manufacturing PMI 36.8, 39.2 forecast, 34.5 previous
• German May Services PMI 31.4, 26.6 forecast, 16.2 previous
• EU May Services PMI 28.7, 25.0 forecast, 12.0 previous
• EU May Manufacturing PMI 39.5, 38.0 forecast, 33.4 previous
• EU May Markit Composite PMI 30.5, 25.0 forecast, 13.6 previous
• UK Manufacturing PMI 40.6, 36.0 forecast, 32.6 previous
• UK Services PMI 27.8, 25.0 forecast, 13.4 previous
• UK Composite PMI 28.9, 25.0 forecast, 13.8 previous
• UK May CBI Industrial Trends Orders -62, -59 forecast, -56 previous
Looking Ahead - Events, Other Releases (GMT)
• 12:30 Canada New Housing Price Index (MoM) 0.3% previous
• 12:30 US Initial Jobless Claims 2,400K forecast, 2,981K previous
• 12:30 US Continuing Jobless Claims 24,765K forecast, 22,833K previous
• 12:30 US Jobless Claims 4-Week Avg 3,616.50K previous
• 12:30 Canada ADP Nonfarm Employment Change-177.3K previous
• 12:30 US May Philadelphia Fed Manufacturing Index -41.5 forecast, -56.6 previous
• 12:30 US May Philly Fed Employment -46.7 previous
• 12:30 US May Philly Fed New Orders -70.9 previous
• 12:30 US May Philly Fed CAPEX Index 12.40 previous
• 12:30 US May Philly Fed Prices Paid -9.30 previous
• 12:30 US May Philly Fed Business Conditions 43.0 previous
• 13:00 Russia Central Bank Reserves (USD) 562.4B previous
•13:00 Russia April Industrial Production (YoY) -10.0% forecast,0.3% previous
• 13:45 US May Markit Composite PMI 27.0 previous
• 13:45 US Services PMI May 30.0 forecast, 26.7 previous
•13:45 US May Manufacturing PMI 38.0 forecast, 36.1 previous
•14:00 US April Leading Index (MoM) -5.5% forecast, -6.7% previous
•14:00 US Existing Home Sales (MoM) -18.9% forecast,-8.5% previous
•14:00 US April Existing Home Sales 4.30M forecast, 5.27M previous
•14:30 US Natural Gas Storage 83B forecast, 103B previous
Looking Ahead - Events, Other Releases (GMT)
•14:00 US FOMC Member Williams Speaks
•17:00 US FOMC Member Clarida Speaks
•18:30 US FOMC Member Brainard Speaks
•18:30 US Fed Chair Powell Speaks
EUR/USD: The euro steadied on Thursday after a four-day rising streak that was fuelled by optimism of a closer fiscal union in Europe fizzled out, with U.S.-China tensions and concerning economic data coming to the fore. France and Germany proposed a 500-billion-euro ($543 billion) recovery fund on Monday. The news lifted the euro from the $1.08 levels where it has been languishing for the last two months and pushed it towards $1.10, though the single currency remains more than 4% away from the 2020 highs of $1.15 levels tested in early March.But on Thursday, the euro took a breather, easing down 0.04% to $1.0974 as stock markets across Europe traded in negative territory. Immediate resistance can be seen at 1.1004 (higher BB), an upside break can trigger rise towards 1.1167 (61.8% fib).On the downside, immediate support is seen at 1.0964(38.2% fib), a break below could take the pair towards 1.0919 (5 DMA).
GBP/USD: Sterling edged lower against dollar on Thursday as a combination of business activity data and the risk of sub-zero interest rates weighed on the pound. IHS Markit’s flash PMI data showed Britain’s economy flattened out a bit this month from its nosedive in April caused by the coronavirus lockdown, but remains in the grip of a severe contraction. A drop in inflation fuelled speculation this week that the Bank of England might cut interest rates below zero to bolster an economy hammered by the coronavirus pandemic. Immediate resistance can be seen at 1.2337 (21 DMA),an upside break can trigger rise towards 1.2391 (30 DMA).On the downside, immediate support is seen at 1.2201 (5 DMA), a break below could take the pair towards 1.2095 (Lower BB).
USD/CHF: The dollar strengthened against the Swiss franc on Thursday as Sino-U.S. tensions and weak economic indicators in Europe increased demand for dollar. Stock markets across Europe opened in negative territory while shortly after the bell, data showed that France's business slump eased not quite as much as expected in May.Shortly after that, an indicator which tracks the manufacturing and services sectors showed that Germany's recession eased in May but also less than anticipated. Immediate resistance can be seen at 0.9661 (30 DMA), an upside break can trigger rise towards 0.9725 (23.6% fib).On the downside, immediate support is seen at 0.9615 (38.2 %fib), a break below could take the pair towards 0.9533 (50 % fib).
USD/JPY: The dollar gained against the Japanese yen Thursday as weak Japanese export data and Sino-U.S. trade worries lifted dollar against Japanese yen. Japan’s exports fell the most since the 2009 global financial crisis in April as the coronavirus pandemic slammed world demand for cars, industrial materials and other goods, likely pushing the world’s third-largest economy deeper into recession. Strong resistance can be seen at 107.80 (38.2 % fib), an upside break can trigger rise towards 108.16 (Higher BB).On the downside, immediate support is seen at 107.57 (30 DMA), a break below could take the pair towards 106.57 (50 % fib).
European shares fell on Thursday following a strong run this week after the latest business activity data revealed the damaging impact of the coronavirus crisis.
At (GMT 12:05 ),UK's benchmark FTSE 100 was last trading down at 0.43 percent, Germany's Dax was down by 1.07 percent, France’s CAC finished was down by 0.76 percent.
Gold slipped 1% on Thursday, pulling away from this week's 7-1/2 year peak as the dollar strengthened and hopes of a quick economic recovery dented bullion's safe-haven appeal.
Spot gold was down 0.9% at $1,733.90 per ounce at 1106 GMT. U.S. gold futures fell 1% to $1,735.70 per ounce.
Oil rose on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease restrictions on people’s movements imposed due to the coronavirus crisis.
Brent crude for July rose 54 cents, or 1.5%, at $36.29 per barrel at 1015 GMT. U.S. West Texas Intermediate crude climbed 67 cents, or 2.0%, to $34.16. Both benchmarks are at their highest since March 11.
Italian government 10-year bond yields rose on Thursday from a near six-week low reached this week as nervous investors awaited more detail to emerge from the proposed 500 billion euro ($547.90 billion) European Union recovery fund.