America’s Roundup: Dollar set for best week in three weeks on stimulus uncertainty, virus concerns, Wall Street gains, Gold dips, Oil dips on COVID-19 resurgence, fears of more supply-October 17th,2020
Asia Roundup: Kiwi eases on negative interest rates expectations, dollar slumps against yen as Trump's stimulus proposal draws criticism, Chinese stocks boost Asian markets higher - Monday, October 12th, 2020
Europe Roundup: Sterling edges up as Brexit mood brightens ,European shares gains, Gold firms ,Oil rises above $42 on supply losses, U.S. stimulus hopes-October 8th,2020
Europe Roundup: Euro rises on softer dollar, U.S. stimulus hopes, European stocks rise, Gold rises,Oil prices head for 10% weekly jump on North America, Norway outages-October 9th,2020
Europe Roundup: Sterling holds above $1.30 ahead of new lockdown measures ,European shares gains ,Gold slips from three-week high, Oil prices fall as supply concerns ease-October 12th,2020
America’s Roundup: Dollar steadies after coming under pressure, Wall Street falls, Oil ends up on supply issues, nixed U.S. stimulus talks a bearish sign-October 7th,2020
Asia Roundup: Aussie rises as consumer sentiment improves, greenback hold gains amid renewed concerns over coronavirus vaccine, Asian shares plunge - Wednesday, October 14th, 2020
Europe Roundup: Euro dips on fading U.S. stimulus hopes, virus concerns, Europe shares tumbles 2%, Gold falls, Oil slips as new lockdown measures threaten demand recovery-October 15th,2020
Asia Roundup: Antipodeans set for weekly losses, greenback steadies as pandemic recovery stalls, Asian shares slump - Friday, October 16th, 2020
Europe Roundup: Sterling edges up ahead of UK decision on Brexit negotiations,European stocks gain,Gold edges up,Oil slides on COVID-19 resurgence-October 16th,2020
America’s Roundup: Dollar slips as investors eye Biden presidency, Wall Street finishes up, Gold jumps 1%,Oil prices slip over 1% after Norway oil worker strike ends-October 10th,2020
Asia Roundup: Kiwi steadies on mixed economic data, dollar halts 2-day losing streak against yen as investors eye U.S. stimulus, Asian shares plunge - Tuesday, October 13th, 2020
Asia Roundup: Antipodeans rebound from weekly lows, greenback eases as U.S. stimulus delay dents investor sentiment, investors await ECB Chief Lagarde’s speech - Wednesday, October 7th, 2020
America’s Roundup: Euro gains as risk mood sours,European stocks flat , Gold gains, Oil prices fall on U.S. stimulus impasse, rising U.S. crude stockpiles-October 7th,2020
America’s Roundup: Dollar hold gains as risk-off sentiment boosts greenback, Wall street ends down, Gold edges up, Oil eases as new lockdowns raise concern about fuel demand-October 16th,2020
America’s Roundup: Dollar steady as markets wait on stimulus news, Wall Street hits one-month high, Gold firms, Oil jumps on supply losses, possible OPEC output reversal-October 9th,2020
Europe Roundup:Euro dips on fading economic recovery hopes in Eurozone, European stocks slip to 3-month lows,Gold slides to two-month low, Oil falls as frail demand outlook outweighs U.S. stock drawdown-September 24th,2020
•French Sep Business Survey 96, 95 forecast, 93 previous
•Switzerland SNB Interest Rate Decision -0.75%,-0.75% forecast, -0.75% previous
•German Sep Business Expectations 97.7, 98.0 forecast, 97.5 previous
•German Sep Ifo Business Climate Index 93.4, 93.8 forecast, 92.6 previous
•German Sep Current Assessment 89.2, 89.5 forecast, 87.9 previous
•Italian Trade Balance Non-EU 3.27B, 4.44B previous
•ECB LTRO 174.5B, 1,308.4B previous
•UK Sep CBI Distributive Trades Survey 11, -10 forecast, -6 previous
•US Initial Jobless Claims 870K, 840K forecast, 860K previous
•US Continuing Jobless Claims 12,580K,12,300K forecast, 12,628K previous
•US Jobless Claims 4-Week Avg 878.25K,912.00K previous
•Belgium Sep NBB Business Climate -10.8, -11.0 forecast, -12.0 previous
•Russia Central Bank Reserves (USD) 590.9B,591.8B previous
Looking Ahead - Economic Data (GMT)
•14:00 US Aug New Home Sales 895K forecast, 901K previous
•14:00 US New Home Sales (MoM) -0.1% forecast, 13.9% previous
•14:30 US Natural Gas Storage 78B forecast, 89B previous
•15:00 US Sep KC Fed Manufacturing Index 23 previous
•15:00 US Sep KC Fed Composite Index 14 previous
Looking Ahead - Events, Other Releases (GMT)
•14:00 US Fed Chair Powell Testifies
•14:00 UK BoE Gov Bailey Speaks
•15:00 German Buba Wuermeling Speaks
•17:00 US Chicago Fed President Evans Speaks
•18:00 US FOMC Member Williams Speaks
EUR/USD: The euro declined against dollar on Thursday as signs of an economic slowdown in Europe and concerns about the fallout from a second wave of coronavirus infections weighed on euro. A surge in COVID-19 cases in Europe risks becoming a deadly double epidemic of flu and coronavirus infections, EU health officials warned on Thursday as they urged Europeans and their governments not to let their guard down. Sentiment for the euro has suffered a big blow after surveys released on Wednesday showed new restrictions to quell a resurgence in coronavirus infections slammed the euro zone’s services industry into reverse. Immediate resistance can be seen at 1.1642 (Daily high), an upside break can trigger rise towards 1.1724(38.2%fib).On the downside, immediate support is seen at 1.1625 (23.6% fib ), a break below could take the pair towards 1.1600 (Psychological level).
GBP/USD: Sterling edged higher on Thursday after British finance minister Rishi Sunak announced fresh plans to help the pandemic-ravaged economy with a new jobs support scheme to help keep people employed on shorter hours, but warned he could not save every business or role. Sterling has lost 4.8% against the dollar in September so far, and is on course for its worst month since October 2016, as talks of negative rates, the looming risk of a no-deal Brexit and new UK lockdown measures all weighed on the currency. Against the dollar, the pound was up 0.18% at 1.2750 by 13:00 GMT.Immediate resistance can be seen at 1.2786 (5DMA), an upside break can trigger rise towards 1.2827 (38.2%fib).On the downside, immediate support is seen at 1.2668(23.6% fib), a break below could take the pair towards 1.2600(Psychological level).
USD/CHF: The dollar rose against Swiss franc on Thursday as investors sought its safe-haven appeal on growing concerns over the resilience of an economic recovery in the United States and Europe amid a second wave of coronavirus infections. Federal Reserve policymakers called on the U.S. government to provide more fiscal support, fuelling a bout of selling in risky assets overnight, while European economic data has worsened in recent days prompting investors to lighten their positions after a rally in August. Against a basket of six other currencies , the dollar edged up 0.1% to a two-month high at 94.56. Immediate resistance can be seen at 0.9273 (38.2% fib), an upside break can trigger rise towards 0.9323(23.6% fib).On the downside, immediate support is seen at 0.9230(50% fib), a break below could take the pair towards 0.9187(61.8%fib).
USD/JPY: The dollar rose against the Japanese yen on Thursday concern grew over the resilience of an economic recovery in the United States and Europe amid a second wave of coronavirus infections. The dollar benefited from another spike in coronavirus cases in Europe, which boosted its safe-haven appeal, while Federal Reserve policymakers called on the U.S. government to provide more fiscal support, fuelling a bout of selling in risky assets overnight. Against a basket of six other currencies , the dollar edged up 0.1% to a two-month high at 94.50. It is up nearly 2% so far this week as economic momentum shows signs of fading. Strong resistance can be seen at 105.51 (38.2% fib), an upside break can trigger rise towards 105.87 (55 DMA).On the downside, immediate support is seen at 104.98 (5DMA ), a break below could take the pair towards 104.46(23.6% fib).
A sell-off in global risk assets drove European equities to near three-month lows on Thursday, as the absence of fresh stimulus for the U.S. economy and a second wave of coronavirus cases raised fears of a slowing global recovery.
At (GMT 13:30 ),UK's benchmark FTSE 100 was last trading down at 0.91 percent, Germany's Dax was down by 0.30 percent, France’s CAC was last down by 0.53 percent.
Gold dropped to a more than two-month low on Thursday, weakened by a robust dollar and as analysts said the lack of additional stimulus measures reduced the metal’s appeal.
Spot gold fell 0.6% to $1,851.85 per ounce by 0929 GMT, extending falls into a fourth session. Earlier in the day, it hit its lowest since July 22 at $1,847.99.U.S. gold futures were down 0.8% to $1,854.30.
Oil prices dropped on Thursday, despite a fall in U.S. inventories last week, amid a stronger dollar and a renewed wave of COVID-19 cases in Europe that led to renewed travel restrictions in several countries.
Brent crude futures fell 21 cents, or 0.5%, to $41.56 a barrel by 0922 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 26 cents, or 0.7%, to $39.67 a barrel.