America’s Roundup: Dollar index at near three-year high as yen sinks on stronger risk appetite ,Wall Street rise, Gold gains, Oil up on slowing pace of coronavirus, Venezuela sanctions-February 20th,2020
America’s Roundup: Dollar slips as U.S. data disappoints, Gold surges 1.5%, Oil retreats in face of renewed coronavirus uncertainties-February 22nd, 2020
Europe Roundup: Euro dips coronavirus outbreak’s pace sparks new fears, European shares slump, Gold jumps over 2%, Oil prices drop 4%-February 24th,2020
America’s Roundup: Dollar rises with stocks, investors stay cautious, Wall Street bounces, Gold pares gains, Oil prices drop to lowest in more than a year as coronavirus spreads-February 27th,2020
Europe Roundup: Sterling dips as coronavirus fears rattle nerves ,European share slide 3%, Gold rises, Oil prices on track for biggest weekly fall in four years-February 28th,2020
America’s Roundup: Dollar index hits highest since May 2017, Wall Street drops, Gold climbs to 7-year high, Oil prices rise as U.S. crude stocks build less than expected-February 21st,2020
Asia Roundup: Antipodeans slump as persistent virus fears dampen China stimulus, greenback near 3-year peak on upbeat economic data, Euro consolidates ahead of CPI data - Friday, February 21st, 2020
Asia Roundup: Antipodeans await coronavirus clarity, euro consolidates near 3-year low on growth concerns, Asian shares nudge higher - Monday, February 17th, 2020
Europe Roundup:Sterling weakens on rate-cut expectations, European shares fall,Gold gains, U.S. crude drops below $50-February 26th,2020
Europe Roundup: Euro struggles near three-year lows on economic worries, European shares gain, Gold holds near two-week high, Oil price steady-February 17th,2020
America’s Roundup: Dollar dips on virus concerns and consumer data, Wall Street dips, Gold eases, Oil prices rise more than 1%, on course for weekly gain-February 15th,2020
Asia Roundup: Antipodeans steady on Fed rate cut expectations, yen rallies as coronavirus spread widens, Asian shares consolidate - Tuesday, February 25th, 2020
America’s Roundup: Dollar retreats as coronavirus fallout lifts rate cut expectations, Gold pares gains, Oil prices dive to lowest in over a year on coronavirus fears-February 28th,2020
Asia Roundup: Antipodeans ease as virus spreads globally, Japanese yen rallies as virus concern spurs safe-haven demand, Asian shares decline - Monday, February 24th, 2020
Asia Roundup: Aussie near 11-year low as jobs data disappoint, greenback rallies to multi-year peak on stronger risk appetite, Asian shares surge - Thursday, February 20th, 2020
Asia Roundup: Aussie eases following RBA meeting minutes, yen surges as coronavirus concerns linger, investors eye German ZEW survey- Tuesday, February 18th, 2020
Europe Roundup: Sterling at over 2-month peak on Brexit deal hopes, greenback gains as U.S. Treasury yields resume rise, European shares advance - Friday, September 20th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index nudged up, as the benchmark 10-year Treasury yield edged nearly 1 basis point up ahead of speeches by the Federal Open Market Committee (FOMC) members Williams and Rosengren. The greenback against a basket of currencies traded up at 98.38, having touched a low of 97.14 earlier, its lowest since August 16.
EUR/USD: The euro trimmed gains after the German Finance Ministry stated that the economy started the third quarter on a weaker note, with signs emerging of a future rise in unemployment. The European currency traded flat at 1.1042, having touched a high of 1.1109 last week, its highest since August 27. Immediate resistance is located at 1.1084 (September 5 High), a break above targets 1.1109 (September 13 High). On the downside, support is seen at 1.1015 (September 9 Low), a break below could drag it below 1.0963 (August 30 High).
USD/JPY: The dollar consolidated within narrow ranges as investors refrained from taking big positions as few signs of progress have emerged between U.S. and China talks and a wide gulf remaining. Market eye U.S.-China trade talks in Washington, aimed at laying the groundwork for high-level discussions next month. The major was trading flat at 107.76, having hit a high of 108.47 on Thursday, its highest since August 1. Investors’ will continue to track the broad-based market sentiment, ahead of Fed officials' speeches. Immediate resistance is located at 108.63 (July 5 High), a break above targets 108.99 (July 10 High). On the downside, support is seen at 107.52 (September 12 Low), a break below could take it lower at 106.96 (21-DMA).
GBP/USD: Sterling surged to an over 2-month peak after European Commission President Jean-Claude Juncker said he thought Brussels could reach a deal with Britain to leave the European Union. On Thursday, the Bank of England kept policy rates unchanged, as widely expected, with all nine members of the Monetary Policy Committee voting to keep rates on hold at 0.75 percent and reiterated their warnings that exiting the European Union without a deal damaged growth. The major traded flat at 1.2521, having hit a high of 1.2582 earlier, it’s highest since July 25. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2605 (June 17 High), a break above could take it near 1.2644 (May 31 High). On the downside, support is seen at 1.2480 (5-DMA), a break below targets 1.2404 (10-DMA). Against the euro, the pound was trading flat at 88.10 pence, having hit a high of 87.85 earlier, it’s highest since May 22.
USD/CHF: The Swiss franc rose, extending previous session gains as risk sentiment weakened, weighed down by tensions in the Middle East, U.S.-China trade tensions, concerns over the global economic growth outlook and prospects of monetary easing by central banks. The major trades 0.1 percent down at 0.9915, having touched a low of 0.9889 earlier, it’s lowest since September 16. On the higher side, near-term resistance is around 0.9999 (June 17 High) and any break above will take the pair to next level till 1.0042 (May 24 High). The near-term support is around 0.9875 (21-DMA), and any close below that level will drag it till 0.9854 (September 13 Low).
European shares jumped as stimulus measures by major central banks eased worries about growth.
The pan-European STOXX 600 index rallied 0.4 percent at 393.20 points, while the FTSEurofirst 300 advanced 0.4 percent to 1,544.99 points.
Britain's FTSE 100 trades 0.2 percent up at 7,367.13 points, while mid-cap FTSE 250 gained 0.5 to 20,179.75 points.
Germany's DAX rose 0.2 percent at 12,483.72 points; France's CAC 40 trades 0.5 percent higher at 5,685.55 points.
Crude oil prices surged and were on track to jump more than 7 percent this week, their biggest weekly rise in months, on rising Middle East tensions after a key Saudi Arabian supply facility was knocked out in an attack last weekend. International benchmark Brent crude was trading flat at $64.73 per barrel by 1031 GMT, having hit a high of $69.64 on Monday, its highest since May 30. U.S. West Texas Intermediate was trading 0.1 percent up at $58.66 a barrel, after rising as high as $63.33 on Monday, its highest since May 21.
Gold prices rose, extending previous session gains and were headed for their first weekly gain in a month, supported by a weak dollar, tensions in the Middle East and caution about U.S.-China trade talks. Spot gold was trading 0.4 percent up at $1,504.19 per ounce by 1032 GMT, having touched a low of $1,483.06 on Wednesday, its lowest since August 13 but has gained about 1 percent so far this week. U.S. gold futures were up 0.5 percent at $1,513.5 per ounce.
The U.S. Treasuries slipped slightly during the afternoon session ahead of a host of speeches by members of the Federal Open Market Committee (FOMC) – Williams and Rosengren, scheduled to be delivered today by 12:15GMT and 15:20GMT respectively. The yield on the benchmark 10-year Treasury yield edged nearly 1 basis point up to 1.782 percent, the super-long 30-year bond yield also gained 1 percent to 2.221 percent and the yield on the short-term 2-year too traded 1 basis point higher to 1.751 percent.
The United Kingdom’s gilts suffered during European trading hours after the Bank of England’s (BoE) unchanged monetary policy decision did not create any major economic impact on markets, thus making investors trade on the sidelines. The yield on the benchmark 10-year gilts, rose 1 basis point to 0.647 percent, the 30-year yield remained flat at 1.055 percent and the yield on the short-term 2-year surged 1-1/2 basis points to 0.532 percent.
The German bunds edged tad higher during European trading session after the country’s producer price index (PPI) for the month of August, disappointed market participants, going into negative territory from the prior reading in July. The German 10-year bond yield, which move inversely to its price, remained tad 1/2 basis point down at -0.507 percent, the yield on 30-year note slipped 1 basis point to 0.020 percent and the yield on short-term 2-year hovered around -0.703 percent.
The Japanese government bonds closed mixed as investors remained divided amid a silent session that barely witnessed data of major economic significance ahead of the country’s long weekend, following Autumn Equinox on Monday. The yield on the benchmark 10-year JGB note, which moves inversely to its price, closed flat at -0.219 percent, the yield on the long-term 30-year jumped 2-1/2 basis points to 0.334 percent and the yield on short-term 2-year suffered 4 basis points to -0.303 percent.
The Australian government bonds rallied during Asian session of the last trading day of the week amid a muted session that witnessed data of little economic significance. However, the Federal Reserve’s 25bp rate cut on Wednesday added to decline in yields, which investors are wary of neglecting in the wake of ongoing global geopolitical tensions. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, plunged 3 basis points to 1.058 percent, the yield on the long-term 30-year bond suffered nearly 2 basis points to 1.636 percent and the yield on short-term 2-year suffered nearly 1-1/2 basis points to 0.779 percent.