America’s Roundup: Dollar climbs after US jobs data, U.S. stocks gains,Gold eases, Oil slips below $45/bbl on demand concerns but posts weekly rise-August 08,2020
Asia Roundup: Aussie off 6-month peak on RBA's downbeat economic assessment, greenback steadies near multi-month lows as traders await U.S. nonfarm payrolls, Asian shares ease on U.S.-China tensions - Friday, August 7th, 2020
Europe Roundup: Sterling rises ahead of UK data,, European shares gain, Gold eases, Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut-August 10th,2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street closes lower, Gold retreats from record peak,Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
America’s Roundup: Dollar retreats on stimulus talks, Wall Street ends higher, Gold gains, Oil edges up to highest since March on hopes for U.S. stimulus-August 5th,2020
America’s Roundup: Dollar holds near 1-week high, European stocks maon, Gold loses ground, Oil settles higher on Chinese factory data, U.S. stimulus hopes-August 11th,2020
Europe Roundup: Euro's advance slows as risk sentiment falters, European shares slip,Gold retreats more than 1%, Oil prices slide as virus surge weighs on demand outlook-July 30th,2020
Asia Roundup: Dollar slumps against yen as investors eye Fed policy meeting outcome, U.S. stimulus talks; Asian shares nudge lower - Wednesday, July 29th, 2020
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
America’s Roundup: Dollar gains on upbeat manufacturing data,Wall Street jumps, Gold pulls back from record high, Oil rises more than 1% on hopes for economic recovery-August 4th,2020
Asia Roundup: Dollar slumps across the board on abysmal U.S. economic data, Asian shares plunge, investors eye EZ CPI - Friday, July 31st, 2020
America’s Roundup: Dollar stays weak amid signs of lagging U.S. economy, Wall Street gains, Gold scales new record, Oil moves up on big crude inventory decline-August 6th,2020
Asia Roundup: Dollar steadies across the board on U.S. stimulus hopes, gold eases from record peak on profit taking, Asian shares nudge higher - Tuesday, July 28th, 2020
Europe Roundup : Euro little changed as investors await Fed meeting, European share flat, Gold eases, Oil prices jump on U.S. inventory drop-July 29th,2020
America’s Roundup: Dollar strengthens after US jobless claims data,Wall Street gains, Gold accelerates higher, Oil settles below 5-month highs amid fuel demand worries-August 7th,2020
Europe Roundup: Sterling heads lower after early gains, European shares dips,Gold edges back from record peak, Oil falls as rising virus cases overshadow demand recovery-August 4th,2020
Europe Roundup: Sterling gains on weaker dollar, Brexit hopes, European shares dips,Gold hits 1-month peak, Oil steady as a rise in virus cases counters tighter supplies-June 22nd 2020
• UK June CBI Industrial Trends Orders -58, -62 previous
• Portuguese April Current Account -1.579B, -1.119B previous
• US Chicago May Fed National Activity 2.61, -16.74 previous
• French 12-Month BTF Auction-0.526%,-0.496% previous
• French 6-Month BTF Auction -0.529%,-0.507% previous
• French 3-Month BTF Auction -0.551%,-0.510% previous
• EU June Consumer Confidence -14.7, -15.0 forecast, -18.8 previous
• US May Existing Home Sales (MoM) -9.7%,-3.0% forecast, -17.8% previous
• US May Existing Home Sales 3.91M, 4.12M forecast, 4.33M previous
Looking Ahead - Events, Other Releases (GMT)
• 15:30 US 6-Month Bill Auction 0.185% previous
• 15:30 US 3-Month Bill Auction 0.175% previous
Looking Ahead - Events, Other Releases (GMT)
• 16:30 EU ECB's Lane Speaks
• 22:30 US FOMC Member Kashkari Speaks
EUR/USD: The euro gained against dollar on Monday as investors shrugged off worries that rising coronavirus infections in parts of Europe and the United States over the weekend could scupper a quick economic rebound. Torn between record stimulus and growing fears of a second wave of infections, stocks have been moving sideways in recent weeks after rising more than 40% from March lows on hopes the worst of the pandemic was over. Immediate resistance can be seen at 1.1261 (23.6% fib), an upside break can trigger rise towards 1.1289 (23.6% fib).On the downside, immediate support is seen at 1.1164 (38.2% fib), a break below could take the pair towards 1.1100(Psychological level).
GBP/USD: Sterling rose against dollar on Monday, recovering from a three-week low during Asian trading, helped by a weaker dollar, hopes of a Brexit trade deal and expectations of better economic data. Britain has until the end of the year to sign a new trade agreement with the European Union, when a transition period following its exit from the bloc comes to an end. Although much remains to be discussed, both parties have signalled progress. The pound was last up 0.3% at $1.2386, having fallen earlier to $1.2337, its lowest since June 1. Against the euro, sterling was flat at 90.46 pence. Immediate resistance can be seen at 1.2462 (5 DMA),an upside break can trigger rise towards 1.2523 (38.2% fib)On the downside, immediate support is seen at 1.2311 (50% fib), a break below could take the pair towards 1.2228 (Lower BB).
USD/CHF: The dollar declined against the Swiss franc on Monday as rising coronavirus infections in parts of Europe and the United States increased demand for safe-haven assets. The pandemic is accelerating globally with the World Health Organization reporting a record increase in global coronavirus cases on Sunday. Immediate resistance can be seen at 0.9534 (50% fib), an upside break can trigger rise towards 0.9560 (21DMA).On the downside, immediate support is seen at 0.9444 (38.2% fib), a break below could take the pair towards 0.9416 (Lower BB).
USD/JPY: The dollar dipped against the Japanese yen Monday as demand for safe haven yen increased after the World Health Organization reported a record global increase in COVID-19 cases . New U.S. cases on Saturday hit the highest since early May, while the WHO reported on Sunday total cases rose by 183,020 in a 24-hour period. Fears of a second wave have also spurred safe-haven demand. Strong resistance can be seen at 107.05 (9 DMA), an upside break can trigger rise towards 107.23 (21DMA ).On the downside, immediate support is seen at 106.72 (50% fib ), a break below could take the pair towards 106.12(Lower BB).
European shares slipped on Monday as signs of a resurgence in coronavirus cases in Germany and elsewhere unnerved investors who were hoping for a swift economic recovery from the crisis.
At (GMT 13:30 ),UK's benchmark FTSE 100 was last trading down at 0.57 percent, Germany's Dax was down by 0.69 percent, France’s CAC finished was down by 0.54 percent.
Oil prices were steady on Monday, supported by tighter supplies from major producers but held in check by concerns about a record rise in global coronavirus infections that could stall a recovery in fuel demand.
Brent crude was down 8 cents, or 0.2%, at $42.11 a barrel by 1102 GMT. The West Texas Intermediate crude contract (WTI) for August , which became the day’s more active contract, fell 13 cents, or 0.3%, at $39.70.
Gold jumped to its highest in more than a month on Monday as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic recovery.
Spot gold was up 0.5% at $1,751.63 per ounce by 0650 GMT after hitting its highest since May 18. U.S. gold futures rose 0.7% to $1,764.50.
Euro zone government bond yields were little changed on Monday, with the market supported by news of rising coronavirus cases and hopes that changes to the composition of Germany’s top court could lead to less confrontation with the European Central Bank.
In early trade, yields on higher-rated euro zone bonds such as Germany, France and the Netherlands were all little changed on the day .Germany’s benchmark 10-year Bund yield traded at -0.42%, not too far off recent three-week lows.