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 dips on renewed U.S.-Sino tensions, jobs data eyed, European stocks flat, Gold eases, Oil slips below $45 on demand concerns, set for weekly rise-August 7th,2020
Europe Roundup: Sterling rises to five-month high against dollar as BoE signals sub-zero rates not imminent, European shares dip, Gold flirts with record peak, Oil prices pull back from five-month highs as rising product stocks weigh-August 6th,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: 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
Asia Roundup: Aussie gains on upbeat economic data, dollar eases on recovery worries, Asian shares consolidate - Wednesday, August 5th, 2020
Europe Roundup: Euro rise after positive economic indicators, European shares gains, Gold rise to new record high, Oil prices rise as U.S. crude inventories show large drop-August 5th,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
Asia Roundup: Dollar slumps across the board on abysmal U.S. economic data, Asian shares plunge, investors eye EZ CPI - Friday, July 31st, 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: Aussie steadies as RBA keeps policy steady, dollar gains against yen as investors await U.S. stimulus deal, Asian shares surge - Tuesday, August 4th, 2020
Asia Roundup: Aussie eases on U.S.-China tensions, greenback steadies as U.S. treasury yields resume rise, Asian shares consolidate - Monday, August 10th, 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
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
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: 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
Europe Roundup: Sterling rises on delayed response to Sunak's economic plan,European shares gain, Gold rises towards nine-year peak , Oil slips as coronavirus fears offset gasoline recovery signs-July 9th,2020
• German May Exports (MoM) 9.0%,13.8% forecast, -24.0% previous
• German May Trade Balance 7.6B, 5.2B forecast, 3.2B previous
• German May Imports (MoM) 3.5%,12.0% forecast, -16.5% previous
• German May Current Account Balance n.s.a 6.5B, 7.7B previous
• 12:15 Canada June Housing Starts 211.7K, 198.0K forecast, 193.5K previous
• 12:30 US Jobless Claims 4-Week Avg 1,437.25K, 1,503.75K previous
• 12:30 US Continuing Jobless Claims 18,062K, 18,950K forecast, 19,290K previous
•12:30 US Initial Jobless Claims 1,314K, 1,375K forecast, 1,427K previous
• 12:30 Canada May Building Permits (MoM ) 211.7K ,-17.1% previous
Looking Ahead - Economic Data (GMT)
• 13:00 Russia Central Bank Reserves (USD) 568.3B previous
• 14:00 US May Wholesale Trade Sales (MoM) -4.0% forecast,-16.9% previous
• 14:00 US Wholesale Inventories (MoM) -1.2% forecast, 0.3% previous
• 14:00 US Natural Gas Storage 58B forecast, 65B previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro hovered close to the one-month high against dollar on Thursday after German export data failed to meet analysts' expectations. German exports rebounded less than expected in May as demand remained subdued despite the lifting of lockdown measures introduced to contain the spread of the coronavirus. Imports rose by 3.5% after a slump of 16.6% the previous month, suggesting that consumption in Europe’s largest economy remained weak. The trade surplus increased to 7.6 billion euros. Immediate resistance can be seen at 1.1221 (Daily high), an upside break can trigger rise towards 1.1300 (Psychological level).On the downside, immediate support is seen at 1.1168 (61.8 % fib), a break below could take the pair towards 1.1134 (5 DMA).
GBP/USD: Sterling strengthened against a broadly weaker dollar Thursday as investors delayed responding to finance minister Rishi Sunak’s announcement of plans to revive the economy, while Brexit risks continued to weigh on the British currency. Sunak promised an additional 30 billion pounds ($38 billion) on Wednesday to help the coronavirus-hit economy. Investors barely reacted to the news immediately after the announcement, and sterling was steady on Wednesday a day after hitting three-week highs against both the dollar and euro. Immediate resistance can be seen at 1.2668 (Higher BB), an upside break can trigger rise towards 1.2700 (Psychological level).On the downside, immediate support is seen at 1.2581(38.2%fib), a break below could take the pair towards 1.2506 (July 8th low).
USD/CHF: The dollar declined against the Swiss franc on Thursday as rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. The dollar is typically seen as a safe haven for investors to park their cash each time a resurgence of the pandemic seems to threaten a global economic recovery. The greenback was 0.5% lower versus the Swiss franc at 0.9381 franc. Immediate resistance can be seen at 0.9407 (5 DMA), an upside break can trigger rise towards 0.9441 (11 DMA).On the downside, immediate support is seen at 0.9359 (23.6% fib), a break below could take the pair towards 0.9300 (Psychological level ).
USD/JPY: The dollar declined against the Japanese yen on Thursday as dollar dipped as investors focussed on the prospect of a gradual, stimulus-induced pick up in the global economy .The number of cases of the novel coronavirus continued to surge in many countries with the global count breaching 12 million on Wednesday. The dollar was last down 0.1% at 107.27 yen. Strong resistance can be seen at 107.40 (5 DMA), an upside break can trigger rise towards 107.88 (Higher BB).On the downside, immediate support is seen at 107.15 (50% fib), a break below could take the pair towards 106.64 (Higher BB).
European stocks rose on Thursday as software giant SAP signalled a rebound in its business from a coronavirus hit and China’s stock markets extended a rally, supporting risk sentiment in the continent.
At (GMT 12:15),UK's benchmark FTSE 100 was last trading lower at 0.43 percent, Germany's Dax was up by 1.50 percent, France’s CAC was last up by 0.34 percent.
Gold held above $1,800 on Thursday, close to the near nine-year peak hit in the previous session, on growing fears that surging coronavirus cases could stall a global economic recovery
Spot gold was little changed at $1,809.19 per ounce at 1133 GMT. It climbed to its highest since September 2011 at $1,817.71 on Wednesday. U.S. gold futures were 0.3% lower at $1,816.
Oil prices edged lower on Thursday as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand.
Brent crude futures fell 21 cents, or 0.4%, to $43.08 by 0908 GMT, after gaining 0.5% on Wednesday.
U.S. West Texas Intermediate (WTI) crude futures dipped 25 cents, or 0.6%, to $40.65 a barrel , after rising 0.7% on Wednesday.
Euro zone bond yields held their ground on Thursday, with investors’ main focus expected to be any new developments on the European Union’s recovery fund, which aims to help the region’s economy recover from the coronavirus pandemic.
Germany’s 10-year yield was down 1 basis point to -0.45%, close to one-week lows. Italian 10-year yields were unchanged at 1.28%.