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
America’s Roundup: Dollar steadies from 2-year lows, Wall Street pauses, Gold retreats from record peak. Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
Asia Roundup: Yen rallies against dollar as U.S.-China tensions escalate, Asian shares decline, investors eye U.S. weekly unemployment benefit claims - Thursday, July 23rd, 2020
America’s Roundup: Dollar slides as Trump's election tweet rattle markets,Wall Street falls ,Gold retreats, Oil down nearly 4% as virus surge weighs on demand outlook-July 31st,2020
Europe Roundup: Euro hits 18-month high against dollar, European stocks dips ,Gold hits highest since 2011 on stimulus bets, Oil falls as inventories rise, U.S.-Chinese tensions escalate-July 22nd 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
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
America’s Roundup: Dollar falls to two-year low, Wall Street rises, Gold hits record high, Oil rises on hopes for U.S. stimulus measure-July 28th,2020
America’s Roundup: Dollar falls to 4-month lows vs yen, Wall Street closes lower, Gold smashes $1,900 barrier , Oil up on strong economic data, U.S.-China tensions cap gains-July 25th,2020
America’s Roundup: Dollar hits two-year lows as Fed affirms dovish stance, Wall Street closes higher, Gold gains, Oil edges up after sharp U.S. crude inventory drop-July 30th,2020
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,2020
Europe Roundup: Euro rises on back of weaker dollar European shares fall, Gold soars to all-time high ,Oil slips on U.S.-China tensions,rising virus cases-July 27th,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
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 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: Yen at 1-month peak on U.S.-China tensions, Asian shares off 6-month high, investors eye EZ Markit PMI - Friday, July 24th, 2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
• Italian Jun Composite PMI 47.6, 33.9 previous
•Italian Jun Services PMI 46.4, 47.0 forecast, 28.9 previous
•French Jun Markit Composite PMI 51.7, 51.3 forecast, 32.1 previous
•French Jun Services PMI 50.7, 50.3 forecast, 31.1 previous
•German Jun Services PMI 47.3, 45.8 forecast, 32.6 previous
• German Jun Composite PMI 47.0, 45.8 forecast, 32.3 previous
• EU Jun Markit Composite PMI 48.5, 47.5 forecast, 31.9 previous
• EU Jun Services PMI 48.3, 47.3 forecast, 30.5 previous
•UK Jun Services PMI 47.1, 47.0 forecast, 29.0 previous
•UK Jun Composite PMI 47.7, 47.6 forecast, 30.0 previous
• Brazil June Markit Composite PMI 40.5, 28.1 previous
• Brazil June Markit Services PMI 35.9, 27.6 previous
Looking Ahead - Economic Data (GMT)
• No data ahead
Looking Ahead – Events and other releases (GMT)
• No significant events
EUR/USD: The euro edged lower against dollar on Friday robust U.S. payrolls data supported dollar, but a surge in coronavirus cases in the United States kept a lid on stronger gains. Nonfarm payrolls surged by 4.8 million jobs in June, above the average forecast of 3 million jobs in June, thanks to rises in the hard-hit hospitality sectors. A separate report on jobless claims, the most timely data on employment, showed the number of people receiving benefits after an initial week of aid actually rose 59,000 to 19.290 million in the week ending June 20. The euro fell 0.1% versus the dollar to $1.1239. Immediate resistance can be seen at 1.1289 (23.6% fib), an upside break can trigger rise towards 1.1300 (Psychological level).On the downside, immediate support is seen at 1.1214 (Daily low), a break below could take the pair towards 1.1168 (38.2 % fib).
GBP/USD: Sterling headed for its first positive week in four against the dollar on Friday, holding below the $1.25 mark as a week of negotiations between Britain and the European Union ended prematurely, with meetings expected to resume next week. The pound slipped briefly in morning trading in London, a move one analyst attributed to some spillover of political uncertainty in Europe following the resignation of French prime minister Eduoard Philippe and the appointment of his successor.By 1509 GMT, the pound was trading flat to the dollar at $1.2464. Immediate resistance can be seen at 1.2524 (38.2% fib), an upside break can trigger rise towards 1.2600 (Psychological level).On the downside, immediate support is seen at 1.2444 (100 DMA), a break below could take the pair towards 1.2400 (Psychological level).
USD/CHF: The dollar held gains against Swiss franc on Friday as dollar supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk. The U.S. economy added more jobs than expected in June, data showed on Thursday, but reaction in the currency market has been muted because another spike in coronavirus infections threatens to once again put the breaks on economic activity. The dollar held steady at 0.9460 Swiss franc after three straight days of gains. Immediate resistance can be seen at 0.9471 (Daily high), an upside break can trigger rise towards 0.9535 (50% fib).On the downside, immediate support is seen at 0.9448 (38.2% fib), a break below could take the pair towards 0.9419 (Lower BB).
USD/JPY: The dollar declined against the Japanese yen on Friday currency traders’ risk appetite was boosted only slightly by better-than-expected jobs data in the United States, as surging coronavirus cases continued to taper market optimism.U.S. payrolls surged on Thursday but the reaction in currencies was limited. Even after two months of job recovery from May, the U.S. economy has recovered just over a third of an historic plunge of 20.787 million jobs lost in April. Strong resistance can be seen at 108.09 (5 DMA), an upside break can trigger rise towards 108.30 (61.8% fib).On the downside, immediate support is seen at 107.27 (March 3rd low), a break below could take the pair towards 107.00 (Psychological level).
European stocks dipped on Friday after gains through the week as another record surge in U.S. coronavirus cases dulled optimism from a brisk recovery in China’s services sector.
UK's benchmark FTSE 100 closed down at 1.33 percent, Germany's Dax closed down at 0.64 percent, France’s CAC ended the day down by 0.85 percent.
Gold prices were little changed on Friday as worries over an accelerating number of coronavirus cases countered a fillip to risk sentiment from positive U.S. and Chinese economic data.
Spot gold was mostly unchanged at $1,774.33 per ounce by 10:33 a.m EDT (1433 GMT). Most U.S. markets are closed on Friday ahead of Independence Day on July 4.U.S. gold futures edged down 0.2% to $1,786.10 per ounce.
Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery.
Brent crude was down 56 cents, or 1.3%, at $42.58 a barrel by 1352 GMT, and U.S. West Texas Intermediate (WTI) crude fell 58 cents, or 1.4%, to $40.07.
Bunds were set to close their worst week in a month on Friday but analysts expect pressure to abate given uncertainty around the spread of the coronavirus and central bank support.
10-year German yields are up 4 basis points this week, set for their biggest weekly rise since the week ending June 5 .