Europe Roundup: Sterling hits 2-week peak, dollar at 4-week trough against yen on U.S. political concerns, European shares slump - Friday, November 17th, 2017
Americas Roundup: Dollar dips on worries over possible delays to U.S. President Donald Trump's tax plans, Wall Street ends lower, Gold turns higher, Oil falls on rising U.S. output, global demand concern-November 15th,2017
Asia Roundup: Antipodeans slump on downbeat Chinese economic data, dollar index steadies ahead of central bank speeches, Asian shares decline - Tuesday, November 14th, 2017
Americas Roundup: Dollar pares losses against euro after U.S. data,Wall Street dips , Oil prices settle lower after U.S. crude stocks rise,gold falls
Americas Roundup: Dollar dips as market awaits Fed minutes, US stocks rally, Gold edges up, Oil rises ahead of OPEC meeting, capped by rising U.S. output-November 22nd 2017
Europe Roundup: Sterling slumps as UK inflation disappoints investors, euro hits over 2-week high following upbeat economic data, European shares edge down - Tuesday, November 14th, 2017
Europe Roundup: Sterling eases on downbeat economic data, dollar index at 1-week peak ahead of Fed Yellen's speech, European shares rebound - Tuesday, November 21st, 2017
Americas Roundup: Dollar index hurt by tax plan skepticism, Gold rises, U.S. Treasury yields slip as risk appetites fade, Wall Street slips, Oil rises over 2 pct, still set for first weekly fall in 6-November 18th 2017
Americas Roundup: Dollar index recovers ground after recent weakness, Political headwinds undermine sterling, Gold recovers lost ground, Oil steady amid Saudi tensions, rising U.S. production-November 14th, 2017
Americas Roundup: Dollar index hits lowest since Sept. 26, Wall Street ends higher, Gold dips on profit-taking, U.S. crude advances to fresh two-year high-November 25th, 2017
Asia Roundup: Yen trades marginally lower despite higher than expected manufacturing PMI data, gold flat at $1,290 mark, Most Asian indices in Green - Friday, Nov 24, 2017
Europe Roundup: Sterling steadies ahead of UK budget statement, dollar index off 1-week high as investors cautiously await FOMC meeting minutes, European shares advance - Wednesday, November 22nd, 2017
Europe Roundup: Sterling off 1-1/2 week high on weak economic data, dollar steadies against yen near 2-month trough amid subdued trading, European shares trade in red - Thursday, November 23rd, 2017
Europe Roundup: Gold steadies in narrow range on subdued dollar, Euro spikes to 6-week high on upbeat German Ifo data - Friday, November 24th, 2017
Asia Roundup: Kiwi steadies as oil gains on production cut hopes, dollar index off 1-week high as U.S. Treasury yields ease, Asian shares at decade peak - Wednesday, November 22nd, 2017
Europe Roundup: Sterling hits 1-week low on concerns over PM May's leadership, dollar index steadies amid U.S. tax reform uncertainty, European shares slide - Monday, November 13th, 2017
Europe Roundup: Sterling gains on BoE rate hike speculation, euro rebounds on better-than-expected economic data, European shares ease – Monday, October 30th, 2017
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased following a sharp retracement in the U.S. Treasury bond yields. The greenback against a basket of currencies traded 0.2 percent down at 94.67, having touched a high of 95.15 on Friday, its highest since July. 20. FxWirePro's Hourly Dollar Strength Index stood at 67.65 (Bullish) by 1100 GMT.
EUR/USD: The euro rose, reversing most of its previous session losses after data showed Eurozone economic sentiment rose by more than expected in October and hit its highest level since 2000. The sentiment in the eurozone rose to 114.0 in October from an upwardly revised 113.1 in September. The European currency traded 0.3 percent up at 1.1636, having touched a low of 1.1574 on Friday, its lowest since Jul. 20. FxWirePro's Hourly Euro Strength Index stood at -123.03 (Highly Bearish) by 1100 GMT. On the lower side, the near term support is around 1.15450 (161.8% retracement of 1.16691 and 1.1880) and any convincing break below will drag the pair down till 1.1500/1.1400. On the higher side, near-term resistance is around 1.16486 (23.6% retracement of 1.1880 and 1.15716) and any break above will take it to next level till 1.1700/1.1720/1.17560.
USD/JPY: The dollar eased, extending previous session losses, weighed down by a sharp retracement in the U.S. Treasury bond yields and the prevalent cautious environment around equity markets. The major was trading 0.05 percent down at 113.56, having hit a high of 114.45 on Friday, its highest since Jul. 11. FxWirePro's Hourly Yen Strength Index stood at 122.47 (Highly Bullish) by 1100 GMT. On the lower side, any close below 112.30 (233- day MA) confirms minor weakness, a decline till 111.60 (55- day EMA)/ 111.13 likely. Any convincing close above 114.50 (161.8% fibo) confirms minor bullishness, a jump till 116 likely.
GBP/USD: Sterling rallied, rebounding from a 3-month low hit in the previous session as Britain's housing market and consumer economy kept most of their momentum in September. The economy’s number of mortgages approved for house purchase declined to a three-month low in September at 66,232 from an upwardly revised 67,232 in August, while the growth rate in unsecured consumer lending edged down to 9.9 percent on a year-on-year basis in September from 10.0 percent in August. Sterling traded 0.4 percent up at 1.3178, having hit a low of 1.3070 on Friday, its lowest since Oct. 6. FxWirePro's Hourly Sterling Strength Index stood at 36.40 (Neutral) by 1100 GMT. The pair has taken support near 38.2% retracement at 1.3075 and any violation below will take it till 1.30270 likely. On the higher side, near-term resistance is around 1.3172 (55- day EMA) and any break above will take it to next level till 1.3230/1.3300. Against the euro, the pound was trading 0.1 percent down at 88.27 pence, having hit a high of 88.25 pence on Friday, its highest since Oct. 3.
USD/CHF: The Swiss franc steadied near a 5-month low, as the greenback declined on profit-taking ahead of FOMC monetary policy decision this week. The major trades flat at 0.9976, having touched a high of 1.0037 the day before, it’s highest since May. 12. FxWirePro's Hourly Swiss Franc Strength Index stood at -48.72 (Neutral) by 1100 GMT. The pair is facing strong resistance is around 1.000 and any break above will take it to next level till 1.00998/1.0174. The near-term major support is around 0.9950 and any break below will drag it till 0.9900/0.9865 (233-day MA).
AUD/USD: The Australian dollar declined, reversing previous session gains as weaker sentiment around commodity space and political developments continued to weigh heavily on the major. The Aussie trades 0.1 percent down at 0.7667, having hit a low of 0.7624 on Friday, it’s lowest since Jul. 11. FxWirePro's Hourly Aussie Strength Index stood at -66.20 (Bearish) by 1100 GMT. On the lower side, the pair should close below 0.7645 (233 –day MA) and any close below targets 0.7600/0.7550. The near-term resistance is around 0.7720 (23.6% fibo) and any break above targets 0.7758 (7- day MA)/0.7801 (21 – day EMA)/0.7860/0.7900/0.7950/0.8000.
European shares declined, despite a recovery in Spanish markets, while greenback tumbled following a sharp drop in the U.S. Treasury bond yields.
The pan-European STOXX 600 index eased 0.1 percent to 393.16 points, while the FTSEurofirst 300 index declined 0.1 percent to 1,545.33 points.
Britain's FTSE 100 trades 0.3 percent lower at 7,485.18 points, while mid-cap FTSE 250 rose 0.2 percent to 20,176.47 points.
Germany's DAX rose 0.05 percent at 13,224.67 points; France's CAC 40 trades 0.05 percent up at 5,495.74 points.
Crude oil markets gained on expectations that an OPEC-led production cut due to expire next March would be extended, however, increasing exports from Iraq capped the upside in prices. International benchmark Brent crude was trading 0.1 percent up at $60.55 per barrel by 1104 GMT, having hit a high of $60.86 earlier, its highest since Jul. 6. U.S. West Texas Intermediate was trading 0.2 percent lower at $53.94 a barrel, after rising as high as $54.61 on Friday, its highest since Mar. 1.
Gold prices declined as investors remained cautious ahead of policy meetings of the Federal Open Market Committee (FOMC) and central banks of England and Japan this week. Spot gold dipped 0.1 percent to $1,271.25 per ounce at 1104 GMT, having touched its lowest since Oct. 6 at $1263.39 on Friday. U.S. gold futures for December delivery were down 0.1 percent, to $1,270.10.
The U.S. Treasuries jumped on rising bets over the appointment of Federal Reserve Governor Jerome Powell as the next Fed Chair after Janet Yellen’s term ends in February 2018. The yield on the benchmark 10-year Treasury slumped 3 basis points to 2.39 percent, the super-long 30-year bond yields plunged nearly 2-1/2 basis points to 2.91 percent and the yield on short-term 2-year note traded 1 basis point lower at 1.59 percent.
The UK gilts remained tad higher as investors wait to watch the Bank of England’s monetary policy decision, scheduled to be unveiled on November 2. The yield on the benchmark 10-year gilts, fell nearly 1 basis point to 1.34 percent, the super-long 30-year bond yields hovered around 1.91 percent and the yield on the short-term 2-year traded 1 basis point lower at 0.45 percent.
The German bunds traded narrowly mixed after the country’s retail sales for the month of September disappointed market participants, although registered higher figures than that in August. The German 10-year bond yields, which move inversely to its price, traded flat at 0.38 percent, the yield on 30-year note slid nearly 1 basis point to 1.27 percent while the yield on short-term 2-year jumped nearly 2 basis points to -0.74 percent.
The New Zealand long-term bonds ended flat as investors remained sidelined in any major trading activity amid lack of sufficient economic data through the day. At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, remained flat at 3.00 percent, the yield on the 20-year note rose 1/2 basis point to 3.55 percent while the yield on short-term 2-year slumped 4-1/2 basis points to 2.03 percent.
The Japanese bonds traded a little higher as investors awaited the Bank of Japan’s second last two-day monetary policy meeting scheduled to be held October 30-31. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell nearly 1 basis point to 0.065 percent, the yield on long-term 30-year declined nearly ½ basis point to 0.873 percent and the yield on short-term 2-year slid ½ basis points to -0.153 percent.
The Australian bonds gained following firmness in the U.S. Treasuries as speculations increased over the appointment of less hawkish Federal Reserve Governor Jerome Powell. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 6-1/2 basis points to 2.726 percent, the yield on the long-term 30-year note also declined 7 basis points to 3.490 percent and the yield on short-term 2-year slid 3 basis points to 1.854 percent.
November 24 15:30 UTC Released
USECRI Weekly Index*
November 24 14:45 UTC Released
US1st Half-Mth Infl YY*
November 27 09:00 UTC 35263526m
November 27 09:00 UTC 35263526m
November 27 14:00 UTC 38263826m
MXTrade Balance, $*
-1.886 Bln USD
November 27 14:00 UTC 38263826m
MXTrade Balance SA*
-1.559 Bln USD
November 27 15:30 UTC 39163916m
USDallas Fed mfg bus index
November 27 21:00 UTC 42464246m
KRBOK Manufacturing BSI*
87 Bln BRL
November 28 00:00 UTC 44264426m
BRCentral Govt Balance
-22.725 Bln BRL
November 28 07:00 UTC 48464846m
DEGDP Growth QQ* Advance