America’s Roundup: U.S. dollar rises as global slump looms, Wall Street sinks, Gold gains, Oil falls after U.S. crude stockpiles jump and gasoline demand slumps-April 1st,2020
Asia Roundup: Aussie gains on coronavirus slowdown, euro halts 6-day losing streak following ECB's Stournaras comments, Asian shares surge - Tuesday, April 7th, 2020
America’s Roundup: Euro falls against dollar as recession fears grow,European shares gain, Gold dips over 2%, Oil price bounces off 18-year lows-March 31st,2020
Asia Roundup: Dollar holds gains as investors eye U.S. unemployment data, Asian shares plunge as coronavirus roils global economy - Thursday, April 2nd, 2020
Asia Roundup: Aussie hits 2-week peak as Chinese manufacturing activity expands, gold eases as dollar strengthens, shares surge, investors eye EZ prelim CPI - Tuesday, March 31st, 2020
America’s Roundup: Dollar index on track for biggest weekly fall in decade, Wall Street tumbles, Gold eases, Oil plunges more than 5% despite stimulus efforts-March 28th,2020
Asia Roundup: Aussie eases despite PBoC interest rate cut, greenback rebounds across board as U.S. House passes $2.2 trillion bill, Asia shares plunge - Monday, March 30th, 2020
America’s Roundup: U.S. dollar rises on quarter-end flows, Wall Street slides, Gold slides, Oil steady on U.S.-Russia energy talks but still near 18-year lows-April 1st,2020
America’s Roundup: Dollar resumes climb investors disregard grim jobs report, Wall Street falls ,Gold inches up, Brent crude surges 10% on hopes of oil output deal-April 4th,2020
Asia Roundup: Aussie retreats from 1-week peak, dollar declines against yen as investors scurried for liquid cash, Asian shares volatile - Thursday, March 26th, 2020
Europe Roundup: Euro dips against dollar as EU officials fail to agree rescue package, European shares retreat, Gold ticks up , Oil rebounds on output cut hopes-April 8th,2020
Asia Roundup: Aussie eases despite better-than-expected retail sales, greenback near 1-week peak as U.S. non-farm payrolls loom, Asian shares steady - Friday, April 3rd, 2020
Asia Roundup: Japanese yen steadies amid fears of worsening coronavirus pandemic, greenback erases losses after Fed announces temporary repo facilities for central banks, Asian shares plunge - Wednesday, April 1st, 2020
Europe Roundup: Euro recovers on virus slowdown hopes, European shares jump, Gold rises more than 1%, Oil falls after Saudi Arabia, Russia delay meeting-April 6th,2020
Europe Roundup: Euro gains as ECB removes barriers in crisis fighting purchases, European stocks drop, Gold dips, Oil falls as sinking demand outweighs stimulus hopes-March 26th,2020
Europe Roundup: Sterling rises higher on reassuring UK factory data, European shares fall, Gold at seven-year high, Oil falls 1%-February 21st,2020
• EU Feb Manufacturing PMI 49.1, 47.5 forecast, 47.9 previous
• EU Feb Markit Composite PMI 51.6, 51.0 forecast, 51.3 previous
• EU Feb Services PMI 52.8, 52.2 forecast, 52.5 previous
• UK Composite PMI 53.3, 52.8 forecast , 53.3 previous
• UK Manufacturing PMI 51.9, 49.7 forecast, 50.0 previous
• UK Jan Public Sector Net Borrowing -10.54B, -12.05B3 forecast, 3.46B previous
• UK Services PMI 53.3, 53.4 forecast, 53.9 previous
• Italian Jan CPI (MoM) 0.1%,0.2% forecast, 0.1% previous
• Italian Jan Italian CPI (YoY) 0.5%,0.6% forecast , 0.5% previous
• EU Jan Core CPI (YoY) 1.1%,1.1% forecast, 1.1% previous
• EU Jan Core CPI (MoM) -1.7%,-1.7% forecast, -1.7% previous
• EU Jan CPI (MoM) -1.0%,-1.0% forecast, 0.3% previous
• EU Jan CPI (YoY) 1.4%,1.4% forecast, 1.4% previous
Looking Ahead - Economic Data (GMT)
• 13:30 Canada Dec Core Retail Sales (MoM) 0.4% forecast, 0.2% previous
• 13:30 Canada Dec Retail Sales (MoM) 0.1% forecast, 0.9% previous
• 14:45 US Feb Manufacturing PMI 51.5 forecast, 51.9 previous
• 14:45 US Feb Markit Composite PMI 53.3 previous
• 14:45 US Feb Services PMI 53.0 forecast, 53.4 previous
• 15:00 US Jan Existing Home Sales 5.43M, 5.54M previous
• 15:00 US Jan Existing Home Sales (MoM) -1.8% , 3.6% previous
Looking Ahead - Economic events and other releases (GMT)
• 14:35 US FOMC Member Kaplan Speaks
• 15:00 US FOMC Member Bostic Speaks
• 15:15 US FOMC Member Brainard Speaks
• 18:00 US FOMC Member Clarida Speaks
• 18:30 US FOMC Member Mester Speaks
EUR/USD: The euro recovered some ground against dollar on Friday, after a batch of business surveys delivered healthier-than-expected views of the euro zone economy. Purchasing managers’ surveys showed the private sector in Germany, the bloc’s biggest economy, expanded steadily in February as growth in services activity made up for an easing recession in manufacturing. Business activity in France and the wider euro zone also expanded faster than expected in February, PMI surveys showed.The euro was last trading up 0.15% at $1.0799 . Immediate resistance can be seen at 1.0830 (9 DMA), an upside break can trigger rise towards 1.0847 (11 DMA).On the downside, immediate support is seen at 1.0766 (Lower BB), a break below could take the pair towards 1.0700 (Psychological level).
GBP/USD: Sterling rose against the dollar on Friday after UK purchasing managers indexes showed British factories posted the fastest rise in output for 10 months. The ‘flash’ early readings of the IHS Markit/CIPS UK Purchasing Managers’ Index (PMI) showed the expansion of Britain’s vast services sector slowed slightly this month, but this was cancelled out by an unexpected upturn in manufacturing. Sterling hit the day’s high of $1.2928 against a broadly weaker dollar, up nearly 0.4%. Against the euro, the pound climbed back to the session’s high of 83.68 pence. Immediate resistance can be seen at 1.2956 (11 DMA), an upside break can trigger rise towards 1.3015 (30 DMA).On the downside, immediate support is seen at 1.2845 (Lower BB), a break below could take the pair towards 1.2800 (Psychological level).
USD/CHF: The dollar edged lower against the Swiss franc on Friday, as investors dumped riskier assets for safe haven assets, with coronavirus cases in China and elsewhere spreading. China reported more cases of the disease on Friday, with finance leaders from the Group of 20 major economies meeting in Saudi Arabia over the weekend set to discuss risks to the global economy stemming from the outbreak. At (GMT 13:07), Greenback dipped 0.19% versus the Swiss franc to 0.9823. Immediate resistance can be seen at 0.9854 (Higher BB), an upside break can trigger rise towards 0.9863 (200 DMA).On the downside, immediate support is seen at 0.9810 (9 DMA), a break below could take the pair towards 0.9748 (50 DMA).
USD/JPY: The dollar declined against the Japanese yen on Friday as traders swooped back into Japan’s yen after its worst four-day run in over two years. The Japanese currency had lost 2% against the dollar in the previous two days alone as worries about the impact of the coronavirus on Asia had spread, but its early burst in London left it up 0.5% on the day at 111.93 yen. Strong resistance can be seen at 112.21 (Daily high), an upside break can trigger rise towards 112.39 (23.6% Fib ).On the downside, immediate support is seen at 111.46 (50% Fib), a break below could take the pair towards 111.08 (61.8% Fib).
European shares dropped on Friday as markets awaited a local reading on economic health to gauge the extent of the impact of the coronavirus on business activity in the bloc.
At (GMT 12:38),UK's benchmark FTSE 100 was last trading lower at 0.11 percent, Germany's Dax was up by 0.09 percent, France’s CAC was last down by 0.01 percent.
Gold rose 1% on Friday to its highest in seven years as the spread of the coronavirus intensified concerns about its impact on economic activity and global growth, increasing the metal’s safe-haven appeal.
Spot gold rose 0.9% to $1,633.46 per ounce as of 1027 GMT, after hitting its highest since Feb.14, 2013 at $1,635.98 earlier in the session. U.S. gold futures jumped 1% to $1,636.40.
Oil prices fell around 1% on Friday, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush to cut output to buttress the market.
Brent crude was down 64 cents, or 1.1%, at $58.67 a barrel by 0703 GMT, while U.S. crude dropped 54 cents, or 1%, at $53.34 a barrel.
Germany’s 10-year government bond yield bounced off four-month lows after a batch of business surveys delivered healthier-than-expected views of the euro zone economy.
Ten-year German government bond yields fell to a four-month low, with the entire yield curve on the cusp of turning negative. The entire Dutch yield also returned to negative territory.