America’s Roundup: Dollar firms above 1-month lows on trade tensions, Wall Street bounces, Gold retreats, Oil jumps 4% on U.S. stockpiles drop-December 5th,2019
America's Roundup: Dollar gains after stronger-than-expected U.S. jobs report, Gold slips 1%,Wall Street climbs ,Oil rises sharply this week as OPEC+ agrees on deeper output cuts-December 7th,2019
Europe Roundup: Sterling rebounds from 1-1/2 week low, dollar rallies against yen on renewed U.S.-China deal hopes, investors eye Fed Powell's speech - Monday, November 25th, 2019
America’s Roundup: Dollar retreats on trade uncertainty, Wall Street ends higher,Gold firms,Oil little changed despite OPEC+ plan to deepen cuts-December 6th,2019
Europe Roundup: Sterling at 6-week peak as poll show Conservative lead widening, euro tumbles as EZ PPI eases, European shares plunge on trade tariffs - Tuesday, December 3rd, 2019
America’s Roundup: Dollar rises after upbeat U.S. data ,Wall St at record levels on trade hopes, Oil edges lower after U.S. crude and gasoline build-November 28th,2019
Asia Roundup: Kiwi at 4-month peak, dollar steadies against yen on trade deal optimism; Asian shares rally - Friday, December 6th, 2019
Europe Roundup: Sterling gains as poll shows Conservative lead, Swiss franc at 1-1/2 month low on trade deal optimism, European shares at 4-year peak - Wednesday, November 27th, 2019
Asia Roundup: Antipodeans surge, dollar rallies against yen on upbeat Chinese factory activity, Asia shares advance - Monday, December 2nd, 2019
America’s Roundup: Dollar on defensive after new US-China trade wrinkle, Wall Street falls, Gold jumps over 1%, Oil falls after Trump warns of China trade deal delay-December 4th,2019
Europe Roundup: Sterling declines as polls show Conservative lead narrowing, euro halts 4-day losing streak as German consumer sentiment improves, European shares tumble - Tuesday, November 26th, 2019
Europe Roundup: Sterling gains following YouGov poll, euro rebounds as Eurozone sentiment improves, European shares tumble - Thursday, November 28th, 2019
Asia Roundup: Kiwi rallies to 4-month peak as RBNZ increases bank capital requirements, greenback eases on soft U.S. services report, investors eye OPEC meetings - Thursday, December 5th, 2019
Asia Roundup: Antipodeans ease on prospects of U.S. tariffs, greenback rallies on strong U.S. jobs data, Asian shares surge - Monday, December 9th, 2019
Europe Roundup: Sterling at 8-month peak on expectations of Conservative win in UK election, euro steadies as EZ investor morale improves, European shares tumble - Monday, December 9th, 2019
Asia Roundup: Aussie eases on rate cut forecast, dollar rallies against yen on Trump trade deal comments, Asian shares surge - Wednesday, November 27th, 2019
Europe Roundup: Sterling steadies below 1.3000 on upbeat UK manufacturing PMI, greenback near 2-week trough ahead of U.S. nonfarm payroll report, European shares surge - Friday, November 1st, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index tumbled to an 11-day trough as investors expect the U.S. economy created 89,000 new jobs in October, fewer than the 136,000 created in September. The greenback against a basket of currencies traded flat at 97.27, having touched a low of 97.16 earlier, its lowest since October 21.
EUR/USD: The euro consolidates near a 10-day high hit in the previous session, as Christine Lagarde began her presidency of the European Central Bank. The European currency traded flat at 1.1147, having touched a high of 1.1131 on Thursday, its highest since October 21. Immediate resistance is located at 1.1179, a break above targets 1.1200. On the downside, support is seen at 1.1127 (5-DMA), a break below could drag it below 1.1106..
USD/JPY: The dollar tumbled to a 3-week low as a U.S. interest rate cut and renewed concern about U.S.-China trade talks underpinned safe-haven assets. The major was trading flat at 108.02, having hit a low of 107.88 earlier, its lowest since October 10. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. nonfarm payrolls, unemployment benefit claims and manufacturing PMI from both Markit and ISM. Immediate resistance is located at 108.22, a break above targets 108.47. On the downside, support is seen at 107.62, a break below could take it near at 107.31.
GBP/USD: Sterling rallied, extending gains for the fifth straight session after data showed UK's Purchasing Managers’ Index rose to 49.6 from 48.3 in September, its highest level since April. The major traded 0.1 percent lower at 1.2953, having hit a high of 1.2975 the day before, it’s highest since October 22. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3000, a break above could take it near 1.3068. On the downside, support is seen at 1.2876 (5-DMA), a break below targets 1.2841. Against the euro, the pound was trading flat at 86.11 pence, having hit a low of 86.76 last week, it’s lowest since Oct. 17.
USD/CHF: The Swiss franc retreated from a 10-day peak as investor risk sentiment revived on data that showed China’s factory activity expanded at the fastest pace in over two years in October. The major trades flat at 0.9866, having touched a low of 0.9854 earlier, it’s lowest since October 22. On the higher side, near-term resistance is around 0.9891 and any break above will take the pair to the next level till 0.9916. The near-term support is around 0.9843, and any close below that level will drag it till 0.9800.
European shares rallied and were on track for their best day in more than a week, as an unexpected bounce in China’s manufacturing activity overshadowed conflicting tones surrounding a possible U.S.-China trade deal.
The pan-European STOXX 600 index surged 0.4 percent at 398.15 points, while the FTSEurofirst 300 rallied 0.4 percent to 1,561.82 points.
Britain's FTSE 100 trades 0.3 percent up at 7,272.17 points, while mid-cap FTSE 250 gained 0.2 to 20,068.40 points.
Germany's DAX rose 0.4 percent at 12,912.40 points; France's CAC 40 trades 0.4 percent lower at 5,751.16 points.
Crude oil prices steadied after tumbling to a 1-week low in the previous session on a combination of rising global supply and uncertain future demand. International benchmark Brent crude was trading 0.5 percent up at $59.72 per barrel by 1052 GMT, having hit a low of $59.19 the day before, its lowest since October 23. U.S. West Texas Intermediate was trading 0.4 percent higher at $56.18 a barrel, after falling as low as $53.70 on Thursday, its highest since October 23.
Gold prices declined as investors booked profit after strong Chinese factory data eased fears of an economic slowdown, but the uncertainty surrounding a U.S.-China trade deal boosted safe-haven appeal. Spot gold eased 0.2 percent to $1,510.16 per ounce at 1055 GMT, having hit a high of $1,514.66 earlier, its highest since Oct. 25 but is set to rise 0.5 percent on a weekly basis, after a 1 percent gain the previous week. U.S. gold futures were down 0.1 percent at $1,513.10 per ounce.
The U.S. Treasuries fell during the afternoon session, ahead of the country’s labour market report for the month of October, scheduled to be released today by 12:30GMT and the ISM manufacturing PMI for the similar period, also due for release today by 14:00GMT. In addition, FOMC members Williams, Clarida, Quarles and Williams will deliver their respective speeches through the day, adding direction to the debt market. The yield on the benchmark 10-year Treasury yield rose 1 basis point to 1.700 percent, the super-long 30-year bond yield surged 1-1/2 basis points to 2.190 percent and the yield on the short-term 2-year too traded 1-1/2 basis points higher at 1.540 percent.
The United Kingdom’s gilts narrowly slipped during European trading hours Friday after the country’s manufacturing PMI for the month of October cheered market expectations, edging tad closer to the 50-point benchmark, which separates expansion from contraction. The yield on the benchmark 10-year gilts, edged 1 basis point up to 0.639 percent, the 30-year yield also rose 1 basis point to 1.147 percent and the yield on the short-term 2-year remained flat at 0.510 percent.
The German bunds remained flat during European session Friday amid a muted trading session that witnessed data of little economic significance. The German 10-year bond yield, which move inversely to its price, hovered around -0.404 percent, the yield on 30-year note traded steady at 0.087 percent and the yield on short-term 2-year remained tad down at -0.667 percent.
Tesla Cybertruck update: Is Elon Musk's futuristic pickup truck joining the 'Cyberpunk 2077' vehicle lineup?