Europe Roundup: Sterling eases after UK employment data, dollar hits 4-week low against yen on risk-off sentiment, European shares at 8-week trough - Wednesday, November 15th, 2017
Asia Roundup: Aussie touches 4-month trough on weak wages, dollar index steadies near multi-week lows ahead of U.S. consumer price data, Asian shares ease - Wednesday, November 15th, 2017
Europe Roundup: Sterling slumps as UK inflation disappoints investors, euro hits over 2-week high following upbeat economic data, European shares edge down - Tuesday, November 14th, 2017
Americas Roundup: Dollar dips on worries over possible delays to U.S. President Donald Trump's tax plans, Wall Street ends lower, Gold turns higher, Oil falls on rising U.S. output, global demand concern-November 15th,2017
Americas Roundup: Dollar index recovers ground after recent weakness, Political headwinds undermine sterling, Gold recovers lost ground, Oil steady amid Saudi tensions, rising U.S. production-November 14th, 2017
Asia Roundup: Kiwi steadies as oil gains on production cut hopes, dollar index off 1-week high as U.S. Treasury yields ease, Asian shares at decade peak - Wednesday, November 22nd, 2017
Europe Roundup: Sterling hits 2-1/2 week high on Brexit negotiation progress hopes, euro off lows as investors digest Germany worries, European shares volatile - Monday, November 20th, 2017
Americas Roundup: Dollar index hurt by tax plan skepticism, Gold rises, U.S. Treasury yields slip as risk appetites fade, Wall Street slips, Oil rises over 2 pct, still set for first weekly fall in 6-November 18th 2017
Americas Roundup: Dollar pares losses against euro after U.S. data,Wall Street dips , Oil prices settle lower after U.S. crude stocks rise,gold falls
Europe Roundup: Sterling gains after UK retail sales, dollar index retreats from 4-week lows ahead of U.S. tax vote, European shares rebound - Thursday, November 16th, 2017
Americas Roundup: Dollar index hits lowest since Sept. 26, Wall Street ends higher, Gold dips on profit-taking, U.S. crude advances to fresh two-year high-November 25th, 2017
Europe Roundup: Sterling eases on downbeat economic data, dollar index at 1-week peak ahead of Fed Yellen's speech, European shares rebound - Tuesday, November 21st, 2017
Europe Roundup: Sterling off 1-1/2 week high on weak economic data, dollar steadies against yen near 2-month trough amid subdued trading, European shares trade in red - Thursday, November 23rd, 2017
Asia Roundup: Antipodeans slump on downbeat Chinese economic data, dollar index steadies ahead of central bank speeches, Asian shares decline - Tuesday, November 14th, 2017
Americas Roundup: Dollar index hits six-day high, euro sinks on German political worries, Wall Street rise, Oil eases as traders, investors grow edgy ahead of OPEC-November 21st 2017
Asia Roundup: Aussie hits 5-month low on RBA meeting minutes, dollar index near 1-week high on higher U.S. Treasury yields, Asian shares gain - Tuesday, November 21st, 2017
Europe Roundup: Sterling slumps amid Brexit talk and political uncertainty, dollar off highs on U.S. tax reform delay concerns, European shares trade in red- Wednesday, November 8th, 2017
Economic Data Ahead
Key Events Ahead
DXY: The dollar index consolidated within a narrow range as investors’ turned cautious over a possible delay in the implementation of a major corporate tax cut under a crucial U.S. tax reforms plan. The greenback against a basket of currencies traded flat at 94.83, having touched a high of 95.15 the day before, its highest since Oct. 27. FxWirePro's Hourly Dollar Strength Index stood at -23.00 (Neutral) by 1000 GMT.
EUR/USD: The euro rebounded after declining to a 3-1/2 month low in the previous session, as the dollar weakened across the board amid U.S. tax reforms uncertainty and evidence of the U.S. president's waning popularity. The European currency traded 0.1 percent up at 1.1598, having touched a low of 1.1554 on Tuesday; its lowest since July 20. FxWirePro's Hourly Euro Strength Index stood at -147.47 (Highly Bearish) by 1000 GMT. The pair has broken the low of 1.15742 made last week, which confirms further weakness and a dip till 1.1500/1.14235 (38.2% retracement of 1.04833 and 1.20925). On the higher side, minor bullishness can be seen only above 1.1640 (233- H MA) and any break above will take the pair to next level till 1.1720/1.1755.
USD/JPY: The dollar slumped, reversing almost all of its previous session gains, as worries over possible delays to Donald Trump's tax reform plan weighed heavily on market sentiment. The major was trading 0.3 percent down at 113.67, having hit a high of 114.73 on Monday, its highest since Mar. 15. FxWirePro's Hourly Yen Strength Index stood at 154.71 (Highly Bullish) by 1000 GMT. On the lower side, any close below 112.30 (233- day MA) confirms minor weakness, a decline till 111.60 (55- day EMA)/111.13 likely. Any convincing close above 114.50 (161.8% fib) confirms minor bullishness, a jump till 116 likely.
GBP/USD: Sterling declined, extending previous session losses amid growing doubts over Prime Minister Theresa May's ability to deliver a good Brexit deal and on a string of scandals in the ruling Conservative party. The major traded 0.3 percent down at 1.3121, having hit a low of 1.3039 on Friday, its lowest since Oct. 6. FxWirePro's Hourly Sterling Strength Index stood at 46.00 (Neutral) by 1000 GMT. The pair has formed bearish flag pattern in the 4-hour chart and any minor bullishness can be seen only above 1.3210. The near-term resistance is around 1.3180 and any short-term bullish continuation only above 1.3380. On the lower side, near-term major support is around 1.3100 and any violation below will drag it down till 1.30380/1.30270. Against the euro, the pound was trading 0.5 percent down at 88.40 pence, having hit a low of 89.38 pence on Thursday, its lowest since Oct. 26.
USD/CHF: The Swiss franc consolidated near the 1.0000 handle, supported by persisting risk-off market profile. The major trades 0.1 percent down at 0.9987, having touched a high of 1.0037 last month, it’s highest since May. 12. FxWirePro's Hourly Swiss Franc Strength Index stood at 39.05 (Neutral) by 1000 GMT. The near-term support stands at 0.9938 (Oct 30th low) and any break below will drag the pair to next level till 0.9910 (100- 4H MA)/0.9860. The major resistance is around 1.0040 and any break above will take it till 1.0100/1.0174.
AUD/USD: The Australian dollar rallied after falling to an 11-day low the prior day on expectations that domestic interest rates will stay at record lows for a long time yet. The Aussie trades 0.4 percent up at 0.7674 having hit a low of 0.7627 on Tuesday; it’s lowest since Oct. 27. FxWirePro's Hourly Aussie Strength Index stood at -86.92 (Slightly Bearish) by 1000 GMT. On the lower side, the pair should close below 0.7624 for further weakness. Any close below targets 0.7600/0.7550. The near-term resistance is around 0.7685 (55- 4H EMA) and any break above targets 0.7732 (100- 4H MA)/0.7780.
European shares declined, weighed down by losses in banking stocks, while greenback steadied below an 11-day high touched in the previous session as doubts over tax cuts dented dollar bulls' sentiment.
The pan-European STOXX 600 index edged down 0.2 percent to 393.87 points, while the FTSEurofirst 300 index fell 0.2 percent to 1,549.55 points.
Britain's FTSE 100 trades 0.1 percent lower at 7,508.33 points, while mid-cap FTSE 250 eased 0.1 percent to 20,287.50 points.
Germany's DAX rose 0.01 percent at 13,380.69 points; France's CAC 40 trades 0.2 percent down at 5,472.07 points.
Crude oil prices steadied as the overall market remained well supported by OPEC-led supply cuts. International benchmark Brent crude was trading 0.4 percent up at $63.74 per barrel by 1011 GMT, having hit a high of $64.62 the prior day, its highest since June 2015. U.S. West Texas Intermediate was trading 0.3 percent up at $57.07 a barrel, after rising as high as $57.67 on Tuesday, its highest since Jun. 2015.
Gold prices gained, reversing almost all of its previous session losses, as the dollar eased following a media report that suggested a delay in the implementation of a major corporate tax cut under a crucial U.S. tax reforms plan. Spot gold was up 0.5 percent at $1,280.86 per ounce as of 1013 GMT, having touched a one-week low of $1,265.43 on Friday. U.S. gold futures for December delivery gained 0.3 percent to $1,279 an ounce.
The U.S. Treasuries traded tad lower as investors wait to focus on the country’s long-term 10-year auction, scheduled to be held today by 18:00GMT. The yield on the benchmark 10-year Treasury rose 1 basis point to 2.31 percent, the super-long 30-year bond yields also climbed 1 basis point to 2.77 percent and the yield on the short-term 2-year note too traded nearly a basis point higher at 1.63 percent.
The UK gilts traded range-bound as investors refrained from any major trading activity amid a silent trading session that witnessed data of less economic significance. The UK 10-year bond yields, which move inversely to its price, slid 1/2 basis point to 1.22 percent, the yield on 30-year note also remained tad lower at 1.81 percent while the yield on short-term 2-year traded 1 basis point higher at 0.44 percent.
The German bunds remained flat as investors remained sidelined in any major trading activity amid a silent trading session that witnessed data of least economic significance. The German 10-year bond yields, which move inversely to its price, hovered around 0.33 percent, the yield on 30-year note remained tad lower at 1.20 percent and the yield on short-term 2-year traded flat at -0.76 percent.
The New Zealand bonds closed lower as investors shrugged off weak GlobalDairyTrade Price Index data. At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, jumped 3-1/2 basis points to 2.87 percent, the yield on the 20-year note also surged 3-1/2 basis points to 3.39percent and the yield on short-term 2-year ended 1-1/2 basis points higher at 2.02 percent.
The Japanese bonds traded firmer following solid daily market operations from the Bank of Japan. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell nearly 1 basis point to 0.024 percent, the yield on long-term 40-year also slid 1 basis point to 0.999 percent and the yield on short-term 2-year declined 1-1/2 basis points to -0.201 percent
The Australian bonds traded a little firmer as markets awaited the Statement on Monetary Policy (SoMP) from the Reserve Bank of Australia. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 1 basis point to 2.589 percent, the yield on the long-term 30-year note declined nearly 1 basis point to 3.361 percent and the yield on short-term 2-year remained steady at 1.791 percent.
November 24 15:30 UTC Released
USECRI Weekly Index*
November 24 14:45 UTC Released
US1st Half-Mth Infl YY*
November 27 09:00 UTC 31943194m
November 27 09:00 UTC 31943194m
November 27 14:00 UTC 34943494m
MXTrade Balance, $*
-1.886 Bln USD
November 27 14:00 UTC 34943494m
MXTrade Balance SA*
-1.559 Bln USD
November 27 15:30 UTC 35843584m
USDallas Fed mfg bus index
November 27 21:00 UTC 39143914m
KRBOK Manufacturing BSI*
87 Bln BRL
November 28 00:00 UTC 40944094m
BRCentral Govt Balance
-22.725 Bln BRL
November 28 07:00 UTC 45144514m
DEGDP Growth QQ* Advance