Asia Roundup: Aussie off highs as economy struggles to grow, yen at 2-week peak against dollar as trade concerns linger, Asian shares slump - Wednesday, December 4th, 2019
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 slip as U.S.-China trade deadline looms,Wall Street ends flat, Gold firms, Oil rises but U.S.-China trade war weighs on demand outlook-December 11th,2019
America's Roundup: Dollar jumps vs safe-haven yen on U.S.-China trade deal hopes, Wall Street hits session high, Gold holds steady, Oil rises 1%-December 13th, 2019
Europe Roundup: Sterling off highs on UK poll projections; Swiss franc, yen gains on U.S.-China trade concerns, greenback steadies ahead of Fed policy statement - Wednesday, December 11th, 2019
Europe Roundup: Sterling at multi-year highs on Johnson's UK election victory, euro rallies on ECB De Guindos' comments, European shares surge - Friday, December 13th, 2019
Europe Roundup: Sterling at 7-month peak as investors speculate on Conservative majority, euro tumbles as German services sector growth weakens, investors eye U.S. service PMI - Wednesday, December 4th, 2019
America’s Roundup: Dollar edges lower after Fed holds rates steady, Wall Street gains, Gold firms,Oil drops on surprise U.S. crude build but tariff deadline eyed-December 12th,2019
Asia Roundup: Antipodeans steady near multi-month peak as investors await clarity on fresh U.S. tariffs; greenback consolidates ahead of Fed decision, Asian shares ease - Tuesday, December 10th, 2019
Asia Roundup: Antipodeans at multi-week peaks on Fed's dovish stance, dollar consolidates within narrow ranges against yen as tariffs decision looms, investors eye UK election - Thursday, December 12th, 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 rallies above 1.3100 ahead of next week's election; Swiss franc, yen ease on U.S.-China trade optimism, European shares rally - Thursday, December 5th, 2019
Europe Roundup: Sterling eases below 1.2900 as probability of a hung parliament increases, euro tumbles as EZ factory activity declines, investors eye ECB President Lagarde's speech - Monday, December 2nd, 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
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 poised for best week since mid-October, euro off highs as German industry output declines, investors eye U.S. nonfarm payroll - Friday, December 6th, 2019
America’s Roundup: Dollar buoyed by U.S.-China tariffs pledge, Wall Street little changed, Oil falls amid doubts over US-China trade deal-November 9th,2019
• Canada Oct Housing Starts 202.0K, 221.2K forecast 221.1K previous
• Canada Sep Building Permits (MoM) -6.5%,-2.0% forecast, 5.6% previous
• Canada Oct Employment Change -1.8K, 15.9K forecast, 53.7K previous
• Canada Full Employment Change -16.1K, 70.0K previous
• Canada Oct Part Time Employment Change 14.3K, -16.3K previous
• Canada Oct Participation Rate 65.7%,65.7% forecast, 65.7% previous
• Canada Oct Unemployment Rate 5.5%,5.5% forecast, 5.5% previous
• US Nov Michigan 5-Year Inflation Expectations 2.40%,2.30% previous
• US Nov Michigan Consumer Expectations 85.9, 84.9 forecast, 84.2 previous
• US Nov Michigan Consumer Sentiment 95.7, 95.9 forecast, 95.5 previous
• US Nov Michigan Current Conditions 110.9, 112.5 forecast, 113.2 previous
• US Wholesale Inventories (MoM) -0.4%,-0.3% forecast, 0.1% previous
Looking Ahead - Economic Data (GMT)
• 01:30 China Oct CPI (YoY) 3.3% forecast, 3.0% previous
• 01:30 China Oct CPI (MoM) 0.7% forecast, 0.9% previous
• 01:30 China Oct PPI (YoY) -1.5%,-1.2% previous
Looking Ahead - Events, Other Releases (GMT)
No significant events
EUR/USD: The euro slipped lower against the U.S. dollar on Friday, as greenback benefited from news that China and the U.S. had agreed to roll back tariffs to end their bitter trade war. Sentiment for the dollar is like to remain favourable, as de-escalation in the U.S.-China trade war removes a huge risk to the global economic growth. At (GMT 18:37), the euro was down 0.26 percent at $1.1021.The dollar index, which measures the greenback against six major currencies, was 0.24 percent higher at 98.37. Immediate resistance can be seen at 1.1105 (9 DMA), an upside break can trigger rise towards 1.1190 (Higher BB).On the downside, immediate support is seen at 1.1010 (Higher BB), a break below could take the pair towards 1.0964 (Sep 23rd low).
GBP/USD: The British pound declined against the dollar on Friday, as stronger dollar and caution ahead of Britain’s Dec. 12 election weighed on British pound. The pound was unaffected by news that Scottish First Minister Nicola Sturgeon would seek approval to form a “progressive alliance” to keep the Conservatives out in the event of a hung parliament. The British currency slid to as low as $1.2777, down 0.26 percent on the day. Immediate resistance can be seen at 1.2840 (5 DMA), an upside break can trigger rise towards 1.2900 (Psychological level).On the downside, immediate support is seen at 1.2764 (300 DMA), a break below could take the pair towards 1.2698 (Lower BB).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Friday, as oil prices slipped and the U.S. dollar was broadly stronger against most major peers. U.S. crude oil futures were down 2.1% at $55.95 a barrel. At (1908 GMT), the Canadian dollar was trading 0.4% lower at 1.3222 to the greenback. The currency touched its weakest intraday level since Oct. 16 at 1.3237.Immediate resistance can be seen at 1.3237 (Daily High), an upside break can trigger rise towards 1.3274 (200 DMA).On the downside, immediate support is seen at 1.3208 (50 DMA), a break below could take the pair towards 1.3143 (21 DMA).
USD/JPY: The U.S. dollar edged lower against the yen on Friday, as conflicting signals from China and the United States on progress made in trade talks boosted demand for Japanese yen. Multiple sources familiar with the talks said the plan faced fierce internal opposition at the White House and from outside advisers.At (GMT 19:18),the dollar was 0.09 percent lower versus the Japanese yen at 109.17. Strong resistance can be seen at 109.49 (Daily High), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 109.00 (5 DMA), a break below could take the pair towards 108.77 (11 DMA).
European shares broke a five-day winning streak on Friday after U.S. President Donald Trump said he has not agreed to roll back tariffs on China, adding to uncertainties on whether the two sides were really getting close to signing a partial deal.
UK's benchmark FTSE 100 closed down by 0.63 percent, Germany's Dax ended down by 0.46 percent, France’s CAC finished the day down by 0.02 percent.
Wall Street halted a record run on Friday as U.S. President Donald Trump contradicted reports that the United States and China would roll back existing tariffs.
At ( GMT 19:29) Dow Jones was down by 0.21 percent, S&P 500 was down 0.03 percent, Nasdaq was up by 0.14 percent.
U.S. Treasury yields held just below three-month highs on Friday as investors evaluated the likelihood that the United States and China would reach a deal to roll back tariffs, as officials made contradictory statements on the issue.
Benchmark 10-year note yields rose as high as 1.973% on Thursday on optimism a deal would be reached, the highest since Aug. 1. On Friday, the yields traded just below this level at 1.933%.
Gold prices fell on Friday and were on track for their biggest weekly decline in almost 3 years as a stronger dollar weighed, while optimism around U.S.-China trade talks dented bullion’s safe-haven appeal.
Spot gold was down 0.6% at $1,458.52 per ounce at 1309 GMT, poised for its biggest weekly drop - about 3.7% - since November 2016. Prices earlier fell to their lowest since Aug. 5 at $1,455.80.U.S. gold futures fell 0.5% to $1,459.70.
Oil prices pared losses on Friday, after earlier falling more than 1% following comments from U.S. President Donald Trump that he has not agreed to roll back tariffs on China.
Brent crude futures rose 3 cents to $62.32 a barrel by 1:23 p.m. EST (1823 GMT). West Texas Intermediate (WTI) crude fell 7 cents to $57.08 a barrel.
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