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
America’s Roundup: Dollar steadies from 2-year lows, Wall Street closes lower, Gold retreats from record peak,Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
Asia Roundup: Dollar steadies near 2-year low as investors turn to Congress for stimulus, Asian shares surge, markets await EZ economic data - Thursday, July 30th, 2020
Europe Roundup: Euro's advance slows as risk sentiment falters, European shares slip,Gold retreats more than 1%, Oil prices slide as virus surge weighs on demand outlook-July 30th,2020
Asia Roundup: Aussie eases on U.S.-China tensions, greenback steadies as U.S. treasury yields resume rise, Asian shares consolidate - Monday, August 10th, 2020
America’s Roundup: Dollar climbs after US jobs data, U.S. stocks gains,Gold eases, Oil slips below $45/bbl on demand concerns but posts weekly rise-August 08,2020
Asia Roundup: Sterling at 5-month peak as BoE stands pat, dollar eases as investors fret over U.S. recovery, Asian shares subdued - Thursday, August 6th, 2020
America’s Roundup: Dollar slides as Trump's election tweet rattle markets,Wall Street falls ,Gold retreats, Oil down nearly 4% as virus surge weighs on demand outlook-July 31st,2020
America’s Roundup: Dollar gains on upbeat manufacturing data,Wall Street jumps, Gold pulls back from record high, Oil rises more than 1% on hopes for economic recovery-August 4th,2020
Europe Roundup: Sterling heads lower after early gains, European shares dips,Gold edges back from record peak, Oil falls as rising virus cases overshadow demand recovery-August 4th,2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
Asia Roundup: Aussie off 6-month peak on RBA's downbeat economic assessment, greenback steadies near multi-month lows as traders await U.S. nonfarm payrolls, Asian shares ease on U.S.-China tensions - Friday, August 7th, 2020
America’s Roundup: Dollar hits two-year lows as Fed affirms dovish stance, Wall Street closes higher, Gold gains, Oil edges up after sharp U.S. crude inventory drop-July 30th,2020
Asia Roundup: Aussie gains on upbeat economic data, dollar eases on recovery worries, Asian shares consolidate - Wednesday, August 5th, 2020
Asia Roundup: Dollar slumps against yen as investors eye Fed policy meeting outcome, U.S. stimulus talks; Asian shares nudge lower - Wednesday, July 29th, 2020
Europe Roundup: Sterling rises ahead of UK data,, European shares gain, Gold eases, Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut-August 10th,2020
America’s Roundup: Dollar climbs to 3-week peak, Wall Street drops, Gold jumps to 3-week high, Oil prices rise on dip in U.S. crude stockpiles and IEA data-May 15th,2020
• Weekly jobless claims total 2.981 million
• Fed, BOJ and BoE all say rates aren’t going any lower
• Brent, WTI just above $30/bbl, $26/bbl respectively
• US Continuing Jobless Claims 22,833K,22,833K, 25,100K forecast, 22,647K previous
• US Jobless Claims 4-Week Avg 3,616.50K, 4,173.50K previous
• US Initial Jobless Claims 2,981K, 2,500K forecast, 3,169K previous
• Canada March Manufacturing Sales (MoM) -2.6%,-9.2%, -5.7% forecast, 0.5% previous
• US Import April Price Index (MoM)
-2.6%,3.1% forecast, -2.3% previous
• US Export April Price Index (MoM) -3.3%,-2.1% forecast, -1.6% previous
• Russia Central Bank Reserves (USD) 562.4B, 567.3B previous
Looking Ahead Economic Data
•22:30 New Zealand April Business NZ PMI 53.2 previous
•22:45 New Zealand April FPI (MoM) 0.7% previous
• 23:50Japan April PPI (MoM) -0.9% forecast, -0.9% previous
• 02;00 China April Retail Sales (YoY) -7.0% forecast, -15.8% previous
• 02;00 China May China Thomson Reuters IPSOS PCSI 67.96 previous
• 02;00 Chinese April Industrial Production YTD (YoY ) -8.4% previous
• 02;00 Chinese April Chinese Retail Sales YTD (YoY) -19.64% previous
• 02;00 Chinese April Fixed Asset Investment (YoY) -10.0% forecast, -16.1% previous
• 02;00 Chinese April Industrial Production (YoY) 1.5% forecast, -1.1% previous
• 02;00 Chinese Unemployment Rate 5.9% previous
Looking Ahead - Events, Other Releases (GMT)
• 02;00 China NBS Press Conference
EUR/USD: The euro strengthened on Thursday as stock markets weakened broadly after Federal Reserve Chairman Jerome Powell dismissed speculation over U.S. interest rates entering negative territory.European stock markets fell, and U.S. stocks were also down, the third consecutive session of losses and sending investors to the relative safety of the greenback.The euro was down 0.2% against the dollar at $1.0798. Immediate resistance can be seen at 1.0827(38.2% fib), an upside break can trigger rise towards 1.0890 (50% fib).On the downside, immediate support is seen at 1.0754 (23.6% fib), a break below could take the pair towards 1.0700 (Psychological level).
GBP/USD: Sterling edged lower against dollar on Thursday as sterling was held down by a combination of coronavirus-induced economic woes and Brexit risks. Sterling fell after the government reiterated its refusal to extend the Brexit transition period deadline beyond December this year, signalled its unwillingness to compromise in trade negotiations with the EU and said that there would be border checks.Cable was also held down by the fact that the dollar strengthened after Federal Reserve Chair Jerome Powell squashed growing speculation about negative interest rates in the United States. Immediate resistance can be seen at 1.2241 (Daily high), an upside break can trigger rise towards 1.2273 (5 DMA).On the downside, immediate support is seen at 1.2179 (Daily low), a break below could take the pair towards 1.2144 (Lower BB).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Thursday, rebounding from an earlier one-week low as Wall Street fluctuated and the Bank of Canada said that measures taken to ease financial market strains were working. In an annual review of Canada's financial systems, the central bank said that "access to liquidity has greatly improved in key financial markets" even as it expressed concern over vulnerabilities in the energy sector. The Canadian dollar was last trading 0.2% higher at 1.4066 to the greenback. Immediate resistance can be seen at 1.4142 (Daily high), an upside break can trigger rise towards 1.4256 (Higher BB).On the downside, immediate support is seen at 1.4026 (5 DMA), a break below could take the pair towards 1.3996 (55 DMA).
USD/JPY: The dollar rose against the Japanese yen Thursday after Federal Reserve Chair Jerome Powell squashed growing speculation about negative interest rates in the United States and warned of an “extended period” of weak economic growth. Powell's comments sent investors moving to the relative safety of the greenback, with the dollar index rising to a near three-week high. Strong resistance can be seen at 107.07 (21 DMA), an upside break can trigger rise towards 107.45 (30 DMA).On the downside, immediate support is seen at 106.80 (9 DMA), a break below could take the pair towards 106.00(Psychological level).
European shares declined on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away and signals that top central banks may have hit the bottom with interest rates.
UK's benchmark FTSE 100 closed down by 2.75 percent, Germany's Dax ended down by 1.96 percent, France’s CAC finished the day down by 1.65 percent.
Wall Street’s main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn due to the virus outbreak.
Dow Jones closed down by 1.62% percent, S&P 500 closed up by 1.15 % percent, Nasdaq settled down by 0.91% percent.
Investors pushed U.S. Treasury yields lower on Thursday as they took stock of another grim jobs report and tried to gauge the success of efforts to reopen the economy in the face of the COVID-19 pandemic.
The benchmark 10-year yield was down 3.1 basis points in afternoon trading at 0.6202%.
Gold climbed to a near three-week high on Thursday, propelled by safe-haven demand, as investors ditched riskier assets on concerns over long-drawn economic weakness and renewed U.S.-China trade tensions.
Spot gold rose 0.8% to $1,729.46 per ounce by 11:06 a.m. EDT (1506 GMT), having hit a high since April 24 at $1,734.39. U.S. gold futures gained 1.3% to $1,738.90.
Oil prices settled higher on Thursday after the International Energy Agency (IEA) forecast lower global stockpiles in the second half of 2020, although worries remain that a second surge in coronavirus infections could occur in coming months.
Brent crude futures settled up $1.94, or 6.7 percent, to $31.13 a barrel.U.S. West Texas Intermediate (WTI) crude futures settled up $2.27, or 9%, to $27.56 a barrel.