Europe Roundup: Sterling rallies as EU Barnier's comments stoke Brexit deal hopes, euro plunges as German investor sentiment deteriorates, European shares surge - Tuesday, October 15th, 2019
America’s Roundup: Dollar slips versus yen as trade tensions weigh, Wall Street dips,Gold rises, Oil falls on U.S.-China talks-Oct 9th,2019
America's Roundup: Dollar range-bound as trade optimism fades,Wall Street gains, Gold slips 1%,Oil falls on weaker economic growth forecasts-October 16th,2019
Europe Roundup: Sterling eases as no-deal Brext fears persist; Swiss franc, yen gain as trade deal optimism ebb, European shares slump - Monday, October 14th, 2019
America's Roundup: Dollar slips as data disappoints,Wall Street slips, Gold stedies,Oil rises 1% on hopes OPEC will extend supply cuts-October 17th,2019
Asia Roundup: Kiwi eases on RBNZ rate cut expectations, dollar off highs against yen on Hong Kong worries, investors eye EZ CPI figures - Wednesday, October 16th, 2019
Europe Roundup: Sterling eases on Brexit concerns, dollar gains against yen on U.S.-China trade deal hopes, European shares surge - Wednesday, October 9th, 2019
America's Roundup: Dollar dips as U.S.-China trade negotiations begin, Wall Street gain,Gold slips, Oil prices rise as OPEC pledges decision on supply-October 11th,2019
Americas Roundup: Dollar slides on hopes of Brexit, U.S.-China trade deals, Wall Street jumps ,Gold slides, Oil rises 2% after reports of Iranian tanker attack-October 12th,2019
Asia Roundup: Antipodeans rally on U.S.-China trade talks hopes, greenback at multi-week lows as soft CPI figures support Fed rate cut speculation, investors eye EBC Draghi’s speech - Friday, October 11th, 2019
Europe Roundup: Sterling at 3-month peak on Brexit deal hopes, dollar rallies against yen as investors eye U.S.-China trade talk outcome, European shares surge - Friday, October 11th, 2019
Asia Roundup: Kiwi steadies as RBNZ rate cut concerns ease, yen rallies amid caution over U.S.-China trade talks, Asian shares surge - Monday, October 7th, 2019
Asia Roundup: Antipodeans off-highs on soft Chinese trade data, greenback rebounds on U.S.-China trade optimism, Asian shares surge - Monday, October 14th, 2019
America's Roundup: Dollar firms on doubts over Sino-U.S. trade talks,Wall Street falls, Gold eases, Oil prices drop –October 8th 2019
Asia Roundup: Yen eases as investors eye U.S.-China trade talks, greenback steadies on Fed Chair Powell's comments, Asian shares tumble - Wednesday, October 9th, 2019
America's Roundup: Dollar drops to more than one-month low ,Wall Street gains, Gold rises, Oil falls, fanned by inventory rise and global demand worries-October 18th,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
Economic Data Ahead
Key Events Ahead
DXY: The dollar index plunged to a 1-week low, as the U.S. Treasury yield curve was at its steepest in two weeks as two-year yields hit their lowest since September 2017. The greenback against a basket of currencies traded 0.2 percent down at 98.16, having touched a low of 98.14 earlier, its lowest since August 28.
EUR/USD: The euro surged to a 1-week peak, as Italian Prime Minister Giuseppe Conte unveiled a new cabinet that united the anti-establishment 5-Star Movement and the centre-left Democratic Party, easing political tensions. The European currency traded 0.3 percent up at 1.1065, having touched a low of 1.0925 on Tuesday, its lowest since May 2017. Immediate resistance is located at 1.1072 (61.8% retracement of 1.1163 and 1.0925), a break above targets 1.1112 (78.6% retracement). On the downside, support is seen at 1.1003 (5-DMA), a break below could drag it below 1.0963 (August 30 High).
USD/JPY: The dollar rallied to a 3-day peak, as risk appetite improved on news that Hong Kong leader Carrie Lam was withdrawing an extradition bill that triggered months of violent protests. The major was trading 0.3 percent up at 106.55, having hit a high of 106.75 earlier, its highest since August 15. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. ADP employment change, unemployment benefit claims, factory orders and service PMI from both Markit and ISM. Immediate resistance is located at 106.97 (August 13 High), a break above targets 107.56 (August 2 High). On the downside, support is seen at 105.73 (September 3 Low), a break below could take it lower at 105.26 (August 9 Low).
GBP/USD: Sterling advanced to a 1-month peak after lawmakers voted to force Prime Minister Johnson to seek a three-month delay to Brexit if he failed to secure a transition agreement with the European Union. The major traded 0.7 percent up at 1.2339, having hit a high of 1.2353 earlier, it’s highest since July 29. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2383 (July 29 High), a break above could take it near 1.2456 (July 17 High). On the downside, support is seen at 1.2197 (10-DMA), a break below targets 1.2139 (August 30 Low). Against the euro, the pound was trading 0.4 percent down at 89.66 pence, having hit a high of 89.50 earlier, it’s highest since July 26.
USD/CHF: The Swiss franc retreated from a 1-week peak, as risk sentiment improved after global political worries eased with what markets perceived as positive news in Hong Kong, Italy and Britain. The major trades 0.2 percent up at 0.9822, having touched a high of 0.9929 on Tuesday, it’s highest since August 1. On the higher side, near-term resistance is around 0.9875 (August 29High) and any break above will take the pair to next level till 0.9949 (July 31 High). The near-term support is around 0.9775 (August 27 High), and any close below that level will drag it till 0.9737 (August 8 Low).
European shares surged to 1-month highs after China said it would hold trade talks with the United States, raising hopes that both the economies will make progress on the trade dispute.
The pan-European STOXX 600 index rallied 0.6 percent at 385.45 points, while the FTSEurofirst 300 surged 0.5 percent to 1,516.54 points.
Britain's FTSE 100 trades 0.6 percent down at 7,264.44 points, while mid-cap FTSE 250 eased 0.1 to 19,594.70 points.
Germany's DAX rose 0.8 percent at 12,116.68 points; France's CAC 40 trades 0.9 percent higher at 5,583.87 points.
Crude oil prices surged as hopes of progress in resolving the U.S.-China trade row boosted investor sentiment, although a report showing U.S. crude inventories increased unexpectedly weighed on prices. International benchmark Brent crude was trading 0.4 percent higher at $60.68 per barrel by 1122 GMT, having hit a high of $61.14 earlier, its highest since August 29. U.S. West Texas Intermediate was trading 0.1 percent up at $56.02 a barrel, after rising as high as $56.62 earlier, its highest since August 30.
Gold prices declined as investors booked profits after the safe-haven metal rallied to a 6-year peak in the previous session. Spot gold eased 0.7 percent to $1,541.61 per ounce by 1125 GMT, having touched a high of $1,556.88 on Wednesday, its highest since April 2013. U.S. gold futures dropped 0.7 percent to $1,549.70 per ounce.
The eurozone bond yields inched higher as investors cheered signs of progress in resolving the U.S.-China trade war. The 10-year German Bund rose more than 1 basis point to -0.66 percent, away from the record lows of -0.743 percent touched on Tuesday. The 10-year Italian yield was unchanged at 0.826 percent, close to the record low of 0.803 percent. The 30-year Italian bond yields were little moved in early trade.
The yield on Japan’s benchmark 10-year note, which moves inversely to its price, fell to at -0.265 percent down from August high of -0.130 percent, the yield on the long-term 30-year bond hovered at 0.140 percent while the yield on short-term 2-year traded at -0.287 percent.
The Australian government bonds slumped as a mild easing in geopolitical tensions improved risk appetite, pushing the benchmark 10-year yield to a month high. However, the country’s underlying momentum in the economy remains weak, which would further drag down the bond yields. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, edged 4-1/2 basis points higher to 0.969 percent, the yield on the long-term 30-year bond also rose 4 basis points to 1.563 percent while the yield on short-term 2-year climbed 3-1/2 basis points to 0.805 percent.