Europe Roundup: Sterling rallies above 1.2400 on Brexit deal hopes, gold set for third weekly decline, investors eye U.S. retail sales - Friday, September 13th, 2019
Europe Roundup: Swiss franc, yen at 5-week lows as risk appetite improves, greenback gains as U.S. Treasury yields surge, sterling off 6-week peak amid persisting political uncertainty - Tuesday, September 10th, 2019
America's Roundup: Euro gains as bank relief offsets ECB stimulus, Wall Street ends mixed, Gold eases,Oil dips as demand concerns counter U.S.-China trade hopes-September 14th,2019
Europe Roundup: Sterling slumps as UK inflation declines, greenback steadies as investors await Fed monetary policy cues, euro eases on soft CPI - Wednesday, September 18th, 2019
Asia Roundup: Aussie slumps on weak economic data, Kiwi tumbles as NZ posts current account deficit, greenback steadies ahead of Fed policy decision - Wednesday, September 18th, 2019
Europe Roundup: Sterling eases on growing Brexit uncertainty, euro gains as German investor morale improves, oil off highs as markets assess Saudi attack impact - Tuesday, September 17th, 2019
Europe Roundup: Sterling consolidates near 6-week peak, Swiss franc, yen declines as China exempts some U.S. goods from retaliatory tariffs, European shares at multi-week peak - Wednesday, September 11th, 2019
Europe Roundup: Sterling eases on worse-than-expected retail sales, Swiss franc rallies as SNB keeps policy steady, European shares surge - Thursday, September 19th, 2019
Europe Roundup: Sterling gains as no-deal Brexit fears ease, euro at 1-week peak as new Italian coalition government unveils cabinet, European shares surge - Thursday, September 5th, 2019
Asia Roundup: Antipodeans decline on downbeat Chinese new home prices, greenback gains ahead of Fed policy meeting, Asian shares tumble - Tuesday, September 17th, 2019
America's Roundup: Euro gains after ECB decision, yen weakens on trade hopes, Wall Street gains, Gold dips, Oil prices fall 1% on U.S.-China trade doubts, OPEC+ talks-September 13th, 2019
Europe Roundup: Sterling eases as investors eye vote on early election, euro tumbles as EZ growth halves in Q2, markets await U.S. non-farm payroll report - Friday, September 6th, 2019
Europe Roundup: Sterling off highs amid persisting no-deal Brexit concerns, greenback gains ahead of Fed policy meeting, oil rallies on Saudi facility attacks- Monday, September 16th, 2019
America's Roundup: Dollar firms, ECB meeting in focus, Wall Street slips, Gold dips to near one-month low, Oil falls on possibility of Iran exports resuming after Trump fires hardline adviser-September 11th, 2019
America’s Roundup: Dollar climbs on U.S. oil stockpile use after Saudi attacks,Wall Street dips, Gold rises 1%.Oil jumps nearly 15% in record trading after attack on Saudi facilities-September 17th, 2019
Asia Roundup: Aussie slumps on dismal China PPI, greenback gains as U.S.-China trade-deal progress boosts risk appetite, investors eye UK labour report - Tuesday, September 10th, 2019
Europe Roundup: Sterling eases ahead of May-Juncker meeting, euro near 2-week peak on ECB Praet's comments, European shares advance - Wednesday, February 20th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index gained amid optimism that Washington and Beijing are close to agreeing on a deal to end their trade conflict. The greenback against a basket of currencies trades 0.05 percent up at 96.58, having touched a low of 96.43 on Tuesday, its lowest since February 8. FxWirePro's Hourly Dollar Strength Index stood at -99.13 (Slightly Bearish) by 1000 GMT.
EUR/USD: The euro rallied to a near 2-week peak after European Central Bank chief economist Peter Praet stated that the central bank will soon discuss new, multi-year loans to banks. The European currency traded 0.05 percent up at 1.1344, having touched a high of 1.1358, its highest since Feb. 7. FxWirePro's Hourly Euro Strength Index stood at 23.45 (Neutral) by 1000 GMT. Investors’ will continue to digest ECB Praet's comments ahead of the release of the U.S. Federal Reserve's policy meeting minutes. Immediate resistance is located at 1.1368 (Feb.7 High), a break above targets 1.1394 (Jan. 23 High). On the downside, support is seen at 1.1299 (5-DMA), a break below could drag it till 1.1216 (Nov. 13 Low).
USD/JPY: The dollar surged to a near 1-week peak after U.S. President Donald Trump stated that trade talks with China were going well and suggested he was open to pushing off the March 1 deadline to complete negotiations. The major was trading 0.2 percent up at 110.78, having hit a high of 110.95, its highest since February 14. FxWirePro's Hourly Yen Strength Index stood at -80.89 (Slightly Bearish) by 1000 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the Fed's latest policy meeting minutes. Immediate resistance is located at 111.12 (Feb. 14 Low), a break above targets 111.40 (Dec. 26 Low). On the downside, support is seen at 110.25 (Feb.15 Low), a break below could take it lower at 109.60 (Feb. 7 Low).
GBP/USD: Sterling plunged from an over 2-week peak on fears Britain could leave the EU block in 37 days without a deal, if PM May failed to persuade European Commission chief Jean-Claude Juncker or the British parliament to modify her deal. The major traded 0.3 percent down at 1.3028, having hit a high of 1.3076 earlier; it’s highest since February 14. FxWirePro's Hourly Sterling Strength Index stood at 143.18 (Highly Bullish) 1000 GMT. Immediate resistance is located at 1.3103 (Feb. 4 High), a break above could take it near 1.3160 (January 31 High). On the downside, support is seen at 1.2993 (21-DMA), a break below targets 1.2902 (5-DMA). Against the euro, the pound was trading 0.3 percent down at 87.02 pence, having hit a high of 86.72 on Tuesday, it’s highest since Jan. 29.
USD/CHF: The Swiss franc consolidated near a 1-week peak as traders positioned ahead of the release of Federal Reserve policy minutes. The major trades flat at 1.0012, having touched a low of 1.0001 on Tuesday; it’s lowest since February 11. FxWirePro's Hourly Swiss Franc Strength Index stood at 47.38 (Neutral) by 1000 GMT. On the higher side, near-term resistance is around 1.0054 (February 18 High) and any break above will take the pair to next level till 1.0111 (November 12 High). The near-term support is around 0.9961 (January 22 Low), and any close below that level will drag it till 0.9889 (December 7 Low).
European shares advanced on hopes of progress in trade talks between the United States and China.
The pan-European STOXX 600 index surged 0.2 percent at 369.75 points, while the FTSEurofirst 300 index rallied 0.1 percent to 1,454.13 points.
Britain's FTSE 100 trades 0.2 percent up at 7,191.13 points, while mid-cap FTSE 250 gained 0.5 to 19,161.60 points.
Germany's DAX rose 0.3 percent at 11,339.04 points; France's CAC 40 trades 0.2 percent higher at 5,169.15 points
Crude oil prices declined, drifting away from 2019 highs, weighed down by surging U.S. supply and slowing economic growth, however, supply cuts led by producer club OPEC and Washington's sanctions on Iran and Venezuela limited downside. International benchmark Brent crude was trading 0.4 percent down at $66.15 per barrel by 1034 GMT, having hit a high of $66.81 on Monday, its highest since November 20. U.S. West Texas Intermediate was trading 0.5 percent higher at $56.32 a barrel, after rising as high as $56.75 earlier, its highest since the November 20.
Gold prices rose to a fresh 10-month high as the dollar struggled ahead of the U.S. Federal Reserve's policy meeting minutes. Spot gold was 0.3 percent up at $1,345.07 per ounce by 1037 GMT, having touched a high of $1,346.61 per ounce earlier, its highest level since April 20. U.S. gold futures were steady at $1,345.40.
The Italian bond yields were flat to a basis point higher in early trade, while Germany's 10-year Bund yield was steady at around 0.10 percent.
The Japanese government bond prices rose modestly, the two-year JGB yield declined half a basis point to minus 0.185 percent, its lowest since November 2017. The 10-year yield fell half a basis point to a 1-1/2-month low of 0.040 percent. The 30-year yield slipped as much to 0.580 percent.
The Australian bond futures surged, with the three-year bond contract up 3.5 ticks at 98.355. The 10-year contract rose 3 ticks to 97.8950.
The New Zealand government bonds firmed, sending yields 1 to 2 basis points lower.