America’s Roundup: Dollar dips as Fed rate cut weakens greenback, Wall Street ends lower,Gold gains 1%,Oil prices decline on U.S. pipe disruptions, weak Chinese data-November 1st,2019
Asia Roundup: Aussie steadies as RBA stands pat, dollar rallies against yen on U.S.-China trade deal hopes, Asian shares at 4-month peak - Tuesday, November 5th, 2019
Europe Roundup: Euro eases on political uncertainties, greenback rallies amid U.S. China trade deal hopes, European shares nudge higher - Tuesday, November 5th, 2019
Europe Roundup: Sterling consolidates near 1-week low ahead of BoE policy meeting outcome, euro rebounds on ECB's EZ growth forecast, gold tumbles as U.S.-China trade deal hopes revive- Thursday, November 7th, 2019
America's Roundup: Dollar little changed as U.S.-China trade talk outcome awaited. Wall Street slids,Gold prices gain, Oil prices fall on large U.S. crude build-November 7th,2019
Europe Roundup: DXY pauses downside amid upbeat data and positive signals around US-China trade negotiations, Bullion halts the three-day rise, European indices set to hit fresh multi-month highs - Monday, November 4th 2019
Europe Roundup: Sterling eases on downbeat labour data, euro slumps following ECB Coeure's comments, investors eye Trump's trade speech - Tuesday, November 12th, 2019
Asia Roundup: Antipodeans tumble on soft Chinese trade figures, dollar near 5-month peak against yen amid renewed hopes of U.S.-China trade deal, Asian shares off 6-month high - Friday, November 8th, 2019
America's Roundup: Dollar gains versus yen on continued trade deal optimism, Wall Street hits fresh record high, Gold slides over 1%, Oil rebounds to $62 on hopes for U.S.-China trade deal-November 8th,2019
Europe Roundup: DXY extends post FOMC losses, Gold retraces above $1500 mark amid renewed US-China trade uncertainties, European Stocks drop - Thursday, October 31st 2019
America’s Roundup: Dollar steady as case for Fed's pause solidifies, Wall Street slips, Gold gains, Oil falls as U.S.-China trade deal prospects dim-November 14th,2019
Europe Roundup: Sterling consolidates near 1.2800 amid persisting Brexit concerns, euro tumbles ahead of Spanish election, greenback at 3-week peak on U.S.-China trade hopes - Friday, November 8th, 2019
Asia Roundup: Japanese yen remains almost unchanged after manufacturing PMI, unemployment rate data; gold touches $1,513 mark in early Asia; most Asian markets in green - Friday, November 01, 2019
Asia Roundup: Kiwi at 1-week trough ahead of labour market data, greenback steadies on U.S.-China trade deal optimism, Asian shares surge - Wednesday, November 6th, 2019
America’s Roundup: Dollar rises versus yen, as risk appetite improves, Wall Street gains, Gold eases, Oil prices gains on U.S.-China trade deal hopes-November 5th,2019
Europe Roundup: Sterling rebounds on better-than-expected GDP, dollar tumbles as U.S.-China talks resume, European shares plunge - Thursday, October 10th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index plunged to a 1-week low as the 10-year Treasuries yield dipped to one basis point to 1.577 percent, while U.S.-China trade talks resumed. The greenback against a basket of currencies traded 0.4 percent down at 98.75, having touched a low of 98.66 earlier, its lowest since October 3.
EUR/USD: The euro rallied to a near 3-week peak after the Financial Times reported that the ECB had restarted its bond-buying programme last month despite objections of its own officials. The European currency traded 0.6 percent up at 1.1031, having touched a high of 1.1033 earlier, its highest since September 20. Immediate resistance is located at 1.1059 (78.6% retracement of 1.1109 and 1.0879), a break above targets 1.1087. On the downside, support is seen at 1.0948 (10-DMA), a break below could drag it below 1.0904.
USD/JPY: The dollar declined after rising to a 1-week peak earlier in the day, following contradictory reports about U.S.-China trade talks. The major was trading 0.1 percent down at 107.40, having hit a high of 107.77 earlier, its highest since October 2. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. unemployment benefit claims, consumer price index, Fed official's speeches. Immediate resistance is located at 107.88 (September 25 High), a break above targets 108.25 (September 13 High). On the downside, support is seen at 106.96 (September 24 Low), a break below could take it near at 106.62 (September 6 Low).
GBP/USD: Sterling rebounded from recent lows on data that showed Britain’s economy likely dodged recession in the run-up to its deadline for leaving the European Union this month. The economy's gross domestic product in the three months to August was 0.3 percent higher than in the previous three months, beating all forecasts and accelerating from an upwardly revised 0.1 percent in the three months to July. Investors now await a meeting between the British and Irish leaders just three weeks before Britain is due to leave the European Union. The major traded 0.3 percent up at 1.2248, having hit a low of 1.2195 on Tuesday, it’s lowest since September 4. Immediate resistance is located at 1.2285 (10-DMA), a break above could take it near 1.2364 (21-DMA). On the downside, support is seen at 1.2154 (August 28 Low), a break below targets 1.2108 (August 22 Low). Against the euro, the pound was trading 0.2percent down at 89.80 pence, having hit a low of 90.10 earlier, it’s lowest since Sept. 9.
USD/CHF: The Swiss franc gained, reversing most of its previous session losses, as fading prospects of a partial trade deal between China and the United States weakened investor risk sentiment. The major trades 0.3 percent down at 0.9930, having touched a low of 0.9904 on Tuesday, it’s lowest since September 30. On the higher side, near-term resistance is around 0.9987 and any break above will take the pair to next level till 1.0027. The near-term support is around 0.9897, and any close below that level will drag it till 0.9865.
European shares declined, weighed down by losses in healthcare companies, U.S.-China trade war and uncertainty over Brexit.
The pan-European STOXX 600 index fell 0.2 percent at 379.58 points, while the FTSEurofirst 300 declined 0.2 percent to 1,494.11 points.
Britain's FTSE 100 trades 0.2 percent down at 7,154.69 points, while mid-cap FTSE 250 eased 0.4 to 19,091.78 points.
Germany's DAX rose 0.05 percent at 12,099.05 points; France's CAC 40 trades 0.3 percent higher at 5,516.85 points.
Crude oil prices consolidated as the U.S.-China trade war continued to cloud prospects for the global economy and fuel demand despite a resumption in talks seeking a resolution to the 15-month conflict. International benchmark Brent crude was trading 0.3 percent up at $58.39 per barrel by 1115 GMT, having hit a low of $57.13 last week, its lowest since August 7. U.S. West Texas Intermediate was trading 0.3 percent higher at $52.71 a barrel, after falling as low as $51.39 earlier, its lowest since October 3.
Gold prices rallied to 1-week highs as investors flocked to the safety of safe-haven assets following contradictory reports about U.S.-China trade talks. Spot gold gained 0.2 percent to $1,507.80 per ounce by 1118 GMT, having touched a high of $1,516.96 earlier, its highest since October 3. U.S. gold futures dropped 0.1 percent to $1,511.80.
The U.S. Treasuries remained mixed during the afternoon session ahead of the country’s consumer price inflation (CPI) for the month of September, scheduled to be released today by 12:30GMT, besides, the weekly initial jobless claims, also due later today. In addition, speeches by Federal Open Market Committee (FOMC) members Kashkari and Mester, due today at 16:15GMT and 21:30GMT respectively, will add further direction to the debt markets. The yield on the benchmark 10-year Treasury yield remained flat at 1.587 percent, the super-long 30-year bond yield gained 1 basis point to 2.096 percent while the yield on the short-term 2-year slipped 1-1/2 basis point to 1.460 percent.
The German bunds plunged during European session despite a lower-than-expected trade surplus registered for the month of August, while eyes still remain on the country’s consumer price inflation (CPI) for the month of September, due for release on October 11 by 06:00GMT for further direction in the debt market. The German 10-year bond yield, which move inversely to its price, jumped 3-1/2 basis points to -0.518 percent, the yield on 30-year note surged 3 basis points to -0.034 percent and the yield on short-term 2-year traded 2 basis points higher at -0.719 percent.
The Australian government bonds traded lower as markets are hopeful of a resolution from the U.S.-China trade talks scheduled to be held later today. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, climbed 1 basis point to 0.898 percent, the yield on the long-term 30-year bond surged nearly 1-1/2 basis points to 1.497 percent while the yield on short-term 2-year traded flat at 0.638 percent.