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: U.S. dollar slides as vaccine news offsets surge in virus cases, Wall Street gains, Gold poised for fifth weekly gain, Oil rises as International Energy Agency boosts demand forecast-July 11th,2020
The number of Samsung Electronics' common stock shareholders had surged to 1.36 million in March this yea
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
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
Americas Roundup: U.S. dollar slides to two-week low,Wall Street inches up, Gold smashes through $1,800 level,Oil falls as rise in virus cases, U.S. inventories stall recovery-July 9th,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
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 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
Europe Roundup: Sterling falls to lowest since early September against dollar, European shares rises, Gold dips 3%,Oil near $30 as recession fears, pump war weigh-March 17th,2020
• UK Jan Average Earnings ex Bonus 3.1%,3.2% forecast, 3.2% previous
• UK Jan Average Earnings Index +Bonus 3.1%,3.0% forecast, 2.9% previous
• UK Feb Claimant Count Change 17.3K, 21.4K forecast, -0.2K previous
• UK Jan Employment Change 3M/3M (MoM) 184K, 143K forecast, 180K previous
• UK Jan Unemployment Rate 3.9%, 3.8% forecast, 3.8% previous
• German March ZEW Current Conditions -43.1, -30.0 forecast, -15.7 previous
• German March ZEW Economic Sentiment -49.5, -26.4 forecast , 8.7 previous
• EU Wages in euro zone (YoY) (Q4) 2.30%, 2.60% previous
• EU Labor Cost Index (YoY) (Q4) 2.40%,3.00% forecast, 2.60% previous
• EU March ZEW Economic Sentiment -49.5, 10.4 previous
Looking Ahead - Economic Data (GMT)
• 12:55 US Feb Redbook (YoY) 6.0% previous
• 12:55 US Feb Redbook (MoM) -0.1% previous
• 13:00 US Feb Utilization Rate 77.1% forecast, 76.8% previous
• 13:00 US Feb Industrial Production (YoY) -0.83% previous
• 13:00 US Industrial Production (MoM) 0.4% forecast, -0.3% previous
• 13:00 US Feb Manufacturing Production (MoM) 0.3% , -0.1% previous
• 14:00 US Jan Business Inventories (MoM) -0.1%,0.1% previous
• 14:00 US Jan JOLTs Job Openings 6.476M forecast, 6.423M previous
• 14:00 US Jan Retail Inventories Ex Auto 0.3% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Tuesday, after data showed mood among German investors slumped in March due to impact of the coronavirus outbreak on Europe’s largest economy. The ZEW research institute’s monthly survey showed economic sentiment among investors collapsed to -49.5 from 8.7 in February. This was the biggest drop since the survey began in 1991. Economists had expected a drop to -26.4. The euro was down 1.76 percent at $1.0983. Immediate resistance can be seen at 1.1066 (100 DMA), an upside break can trigger rise towards 1.1139 (5 DMA.On the downside, immediate support is seen at 1.0972 (Daily low), a break below could take the pair towards 1.9700 (Psychological level).
GBP/USD: Sterling dropped to its lowest level against the U.S. dollar since early September on Tuesday, as Britain toughened its approach to containing the coronavirus outbreak. The pound has been in retreat as fears about the likely full economic impact of the pandemic have roiled global markets and sent investors fleeing to assets seen as relative safe havens, including the dollar. The pound fell as much as 0.6% to $1.2192 on Tuesday. Against the euro it edged up 0.2% to 91.06 pence per euro, but was still trading near the previous day’s six-month low of 89.89 pence. Immediate resistance can be seen at 1.2274 (Daily high), an upside break can trigger rise towards 1.2409 (5 DMA).On the downside, immediate support is seen at 1.284 (Daily low), a break below could take the pair towards 1.2800 (Psychological level).
USD/CHF: The dollar strengthened against the Swiss franc on Tuesday, as nervous traders stuck with the most liquid currency amid very fragile sentiment. Market liquidity was tight and investors remained very cautious after coordinated moves by central banks failed to quell anxiety about the coronavirus pandemic. Investors are now waiting to see the scale of government fiscal responses to battle the economic fallout from the virus and limit the economic contraction. At (GMT 13:22), Greenback gained1.51% versus the Swiss franc to 0.9610. Immediate resistance can be seen at 0.9618 (Daily high), an upside break can trigger rise towards 0.9669 (50 DMA).On the downside, immediate support is seen at 0.9473 (5 DMA), a break below could take the pair towards 0.9446 (11 DMA).
USD/JPY: The dollar gained against the Japanese yen on Tuesday, as dollar won a brief reprieve on signs of more economic support from policymakers. Market liquidity was light and investors remained nervous after coordinated moves by central banks had spectacularly failed to quell trepidation over the coronavirus pandemic. The dollar rose 0.5% to 106.98 yen, having risen as much as 1.3% to 107.18 as U.S. stock futures bounced back 3% after a 10% fall of more than 10% the previous day. Still, the dollar was down 1.6% so far this week. Strong resistance can be seen at 107.81 (21 DMA), an upside break can trigger rise towards 108.91 (50 DMA).On the downside, immediate support is seen at 105.86 (5 DMA), a break below could take the pair towards 105.00 (Psychological level).
European shares rose on Tuesday, following a sharp sell-off in the previous session triggered by panic over the hold that the coronavirus has over Europe and the resulting damage to business activity and company finances globally.
At (GMT 13:03),UK's benchmark FTSE 100 was last trading down at 1.44 percent, Germany's Dax was down by 1.24 percent, France’s CAC finished was down by 0.76 percent.
Gold tumbled 3% on Tuesday, while other precious metals also extended a free fall from the previous session as fears over the global economic toll from the fast-spreading coronavirus prompted investors to dump most assets and hoard cash.
Spot gold fell 2.8% to $1,471.98 per ounce by 1024 GMT, having slumped as much as 5.1% on Monday to its lowest since November 2019. U.S. gold futures were down 1% to $1,472.40.
Oil traded near $30 a barrel on Tuesday, close to its lowest since 2016, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
Brent crude slipped 5 cents to $30.00 a barrel at 1157 GMT, having earlier touched $31.25. On Monday it sank to $29.45, the lowest since January 2016.
U.S. West Texas Intermediate (WTI) crude reversed most of an earlier 4.7% gain to stand at $29.16.
Germany’s benchmark 10-year Bund yield rose to a one-month high on Tuesday on growing expectations of higher government spending to combat the fallout from coronavirus, while borrowing costs in France and Spain hit their highest since last May.
Germany’s 10-year bond yield rose to -0.40% a one-month high.French 10-year bond yields rose to 0.26%, their highest level since May last year.