America’s Roundup: Dollar dips as market recovers from weak U.S. jobs data,Wall Street drops, Gold eases, Oil prices edge up off three-month lows, but demand concerns persist-September 12th,2020
America’ Roundup: Sterling regains lost ground after BoE negative rate talk,Wall Street falls ,Gold slips ,Oil rises 2%, reverses loses as OPEC+ addresses market weakness-September 18th,2020
Europe Roundup: Euro drifts lower ahead of ECB meeting, European stocks slip,Gold eases, Oil slides over 3% to lowest since June on demand fears-September 8th,2020
America’s Roundup: U.S. dollar skids to two-week low vs yen as Fed looms,Wall Street climbs, Gold slips, Oil rises over 2% as U.S. Gulf Coast braces for hurricane -September 16th,2020
Europe Roundup: Euro edges higher on ECB day, all eyes on inflation comments, European shares inch higher, Gold hits one-week high, Brent oil benchmark dips but stays over $40 a barrel-September 10th,2020
Europe Roundup: Euro firms as ECB policymakers calm worries,European shares flat, Gold slips, Oil falls on U.S. market slide, surprise inventories rise-Sep 11th,2020
Asia Roundup: Aussie gains on China's better-than-expected trade surplus, greenback eases on economic recovery concerns, Asian shares consolidate - Monday, September 7th, 2020
Asia Roundup: Kiwi retreats from 2-week low as business confidence improves, Aussie rebounds as consumer sentiment rises, Asian shares plunge on tech selloff - Wednesday, September 9th, 2020
Europe Roundup: Euro dips as Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,2020
America’s Roundup: Dollar dips dovish U.S. Fed policy bets,Wall Street climbs,Gold gains, Oil edges lower, shrugging off Gulf of Mexico shut-ins-September 16th,2020
Asia Roundup: Dollar eases on growing concerns over U.S. stimulus, euro rallies on ECB Lagarde's comments, investors eye U.S. CPI data - Friday, September 11th, 2020
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 2020
America’s Roundup: U.S. dollar skids from four-week high, Wall Street bounces, Gold firms, Oil prices edge up off three-month lows; demand concerns persist-September 10th,2020
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 2020
Asia Roundup: Antipodeans halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 2020
Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,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
•German June Current Account Balance n.s.a 22.4B, 6.5B previous
•German June Imports (MoM) 7.0%,10.9% forecast, 3.5% previous
•German June Exports (MoM) 14.9%,13.3% forecast, 9.0% previous
•German June Trade Balance 14.5B, 10.1B forecast, 7.6B previous
•German June Industrial Production (MoM) 8.9%,8.1% forecast, 7.8% previous
•French Non-Farm Payrolls (QoQ) (Q2) -0.6%,-2.0% previous
•French June Imports 40.4B, 34.7B previous
•French July French Reserve Assets Total 200,385.0M, 197,166.0M previous
•French June French Trade Balance -8.0B, -7.1B previous
•French June Exports 32.4B, 27.7B previous
•French June Current Account -8.40B, -8.50B previous
•French June Industrial Production (MoM) 12.7%,8.9% forecast, 19.6% previous
•UK Jul Halifax House Price Index (MoM) 1.6%,-0.1% previous
•UK Halifax House Price Index (YoY) 3.8%,2.5% previous
•Italian Jun Trade Balance 6.232B, 5.584B previous
Looking Ahead Economic Data (GMT)
•12:30 Canada Jul Full Employment Change 488.1K previous
•12:30 Canada Jul Part Time Employment Change 464.8K previous
•12:30 US Jul Average Hourly Earnings (MoM) -0.5% forecast, -1.2% previous
•12:30 US Jul Private Nonfarm Payrolls 1,474K forecast, 4,767K previous
•12:30 US Jul Nonfarm Payrolls 1,600K forecast, 4,800K previous
•12:30 US Jul Manufacturing Payrolls 253K, 356K previous
•12:30 US Jul Government Payrolls 33.0K previous
• 12:30 Canada Jul Unemployment Rate 11.0% forecast, 12.3% previous
•12:30 Canada Jul Participation Rate 64.4% forecast, 63.8% 63.8% previous
•12:30 US Jul Average Weekly Hours 34.4 forecast, 34.5 previous
•12:30 US Jul Unemployment Rate 10.5%,11.1% previous
•12:30 US Jul Average Hourly Earnings (YoY) (YoY) 4.1% forecast, 5.0% previous
•12:30 US Jul Participation Rate 61.5% previous
•12:30 US Jul U6 Unemployment Rate 18.0% previous
•12:30 Canada Jul Employment Change 400.0K, 952.9K previous
•13:00 Brazil Jul CPI (MoM) 0.35% forecast,0.26% previous
•13:00 Brazilian IPCA Inflation Index SA (MoM) 0.31% previous
•14:00 Canada Jul Ivey PMI 57.5 forecast, 58.2 previous
•14:00 Canada Jul Ivey PMI n.s.a 62.9 previous
•14:00 US June Wholesale Trade Sales (MoM) 4.9% forecast,5.4% previous
•14:00 US Wholesale Inventories (MoM) -2.0% forecast, -1.2% previous
•14:00 Brazil Auto Production (MoM) 129.1% previous
•14:00 Brazil Auto Sales (MoM) 113.6% previous
•19:00 US June Consumer Credit 10.00B forecast, -18.28B previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Friday as geopolitical tensions and uncertainty over a new U.S. coronavirus stimulus package supported greenback. The rising geopolitical tensions come at a time when a number of contries are struggling with fresh coronavirus outbreaks. Germany’s manufacturing economy continued its recovery from the coronavirus lockdown for the second consecutive month in June, with output rising 8.9%, helped by a 14.9% jump in exports, data showed on Friday. Immediate resistance can be seen at 1.0889 (Daily high), an upside break can trigger rise towards 1.1929 (23.6% fib).On the downside, immediate support is seen at 1.1808(38.2% fib), a break below could take the pair towards 1.1709 (50%fib).
GBP/USD: Sterling dipped against dollar on Friday as global market sentiment turned sour after the latest standoff between Washington and Beijing. World stocks tumbled and the U.S. dollar rose after U.S. President Donald Trump banned U.S. transactions with two popular Chinese apps: Tencent’s messenger app WeChat and ByteDance’s video-sharing app TikTok. Cable fell as low as $1.3074 and was only a touch off that at $1.3090 at 1230 GMT. Immediate resistance can be seen at 1.3180(23.6% fib), an upside break can trigger rise towards 1.3200 (Psychological level).On the downside, immediate support is seen at 1.3018 (11 DMA), a break below could take the pair towards 1.2972 (38.2%fib).
USD/CHF: The dollar rebounded against the Swiss franc on Friday after President Donald Trump took steps to ban transactions with the Chinese owners of two popular mobile apps. The U.S. dollar is rebounding after a persistent sell-off in the past few weeks on the back of a combination of rising U.S. coronavirus infections, a steady decline in Treasury yields, and a lack of consensus in Washington over additional fiscal stimulus. The U.S. dollar strengthened even though data on employment due at 12:30 GMT is expected to come in weaker. Immediate resistance can be seen at 0.9141 (11DMA), an upside break can trigger rise towards 0.9181 (50%fib).On the downside, immediate support is seen at 0.9119 (38.2%fib), a break below could take the pair towards 0.9054(23.6% fib).
USD/JPY: The dollar rebounded against the Japanese yen Friday after U.S. President Donald Trump cranked up antagonism with Beijing by banning U.S. transactions with two popular Chinese apps: Tencent’s WeChat and ByteDance’s TikTok. Risk appetite was subdued on Friday with hopes fading for a quick deal by U.S. policymakers on stimulus worth at least $1 trillion to support the fragile economy. The White House and Democrats remained far apart on the size of the stimulus package and what to include.The risk-off mood pushed U.S. Treasury yields lower and offered a brief respite to the struggling dollar Strong resistance can be seen at 105.81 (14 DMA), an upside break can trigger rise towards 106.30 (38.2% fib).On the downside, immediate support is seen at 105.47 (11 DMA), a break below could take the pair towards 105.15 (38.2%fib).
European shares were trading largely flat on Friday after their Asian peers were hit by an escalation in U.S.-China tensions, but an upbeat earnings season and hopes of more stimulus kept most regional indexes on course for weekly gains.
At (GMT 12:15 ),UK's benchmark FTSE 100 was last trading down at 0.14 percent, Germany's Dax was up by 0.05 percent, France’s CAC finished was down by 0.32 percent.
Gold’s record-breaking rally paused on Friday as the dollar got some respite from investors looking for a hedge against the U.S.-China spat, but fears over a worsening pandemic kept bullion on track for its longest streak of weekly gains in about a decade.
Spot gold eased 0.2% to $2,058.55 per ounce by 0945 GMT, having scaled a record peak of $2,072.50 in early trade. It has added 4% so far this week in what would be its ninth straight weekly gain.
Oil dipped below $45 a barrel on Friday on worries that a demand recovery would slow due to a resurgence of coronavirus cases, although a pledge from OPEC member Iraq to cut oil output further in August provided support.
Brent crude fell 31 cents, or 0.7%, to $44.78 by 0942 GMT. U.S. West Texas Intermediate (WTI) crude slipped 39 cents, or 0.9%, to $41.56