Americas Roundup: Dollar slides on hopes of Brexit, U.S.-China trade deals, Wall Street jumps ,Gold slides, Oil rises 2% after reports of Iranian tanker attack-October 12th,2019
Asia Roundup: Antipodeans off-highs on soft Chinese trade data, greenback rebounds on U.S.-China trade optimism, Asian shares surge - Monday, October 14th, 2019
America’s Roundup: Dollar flat after FOMC meeting minutes,Wall Street advances, Gold little changed, Oil rises on signs of warming U.S.-China tensions-Oct 10th,2019
Asia Roundup: Aussie gains on upbeat economic data, dollar at 1-week peak against yen on trade deal hopes, investors eye UK GDP figures - Thursday, October 10th, 2019
Asia Roundup: Kiwi steadies as RBNZ rate cut concerns ease, yen rallies amid caution over U.S.-China trade talks, Asian shares surge - Monday, October 7th, 2019
Asia Roundup: Aussie treads water amid further monetary easing concerns, dollar at 1-week low against yen as weak U.S. data fuels global slowdown worries, Asian shares plunge to 1-month trough - Thursday, October 3rd, 2019
Europe Roundup: Sterling consolidates as investors await EU response to Brexit offer, euro tumbles on worse-than-expected PPI, European shares volatile - Thursday, October 3rd, 2019
America's Roundup: Dollar slips as U.S. jobs-inspired rally fizzles, Wall Street rise, Gold gains, Oil settles up-October 5th,2019
Europe Roundup: Sterling eases on persisting no-deal Brexit fears, greenback plunges amid renewed Fed rate cut expectations, investors eye U.S. nonfarm payroll report - Friday, October 4th, 2019
Asia Roundup: Yen eases as investors eye U.S.-China trade talks, greenback steadies on Fed Chair Powell's comments, Asian shares tumble - Wednesday, October 9th, 2019
Asia Roundup: Kiwi rallies on upbeat economic data, dollar gains against yen ahead of U.S.-China trade talks, Asian shares nudge higher - Tuesday, October 8th, 2019
Asia Roundup: Antipodeans rally on U.S.-China trade talks hopes, greenback at multi-week lows as soft CPI figures support Fed rate cut speculation, investors eye EBC Draghi’s speech - Friday, October 11th, 2019
America's Roundup: Dollar firms on doubts over Sino-U.S. trade talks,Wall Street falls, Gold eases, Oil prices drop –October 8th 2019
Europe Roundup: Sterling at 3-month peak on Brexit deal hopes, dollar rallies against yen as investors eye U.S.-China trade talk outcome, European shares surge - Friday, October 11th, 2019
America's Roundup: Dollar dips as U.S.-China trade negotiations begin, Wall Street gain,Gold slips, Oil prices rise as OPEC pledges decision on supply-October 11th,2019
America's Roundup: Dollar dips after U.S. manufacturing data hits 10-year low, Wall Street tumbles, Gold bounces off from two-month lows, Oil prices sink as weak US economic data dims demand outlook-October 2nd 2019
America's Roundup: Dollar dips after China slowdown sparks risk-off move, Wall Street falls, Gold gains, Oil falls 2 pct on concerns about weakening global economy-January 15th, 2018
• Britain's May to meet lawmakers in last-ditch Brexit deal bid.
• Pound briefly hits 2-mth high, braces for Brexit parliament vote.
• Trump predicts U.S. will reach trade deal with China.
• Hot labor market won't cause rapid rise in wages: SF Fed paper.
• U.S. inflation expectations stabilize after steady year -NY Fed.
• U.S. government shutdown drags into fourth week amid stalemate.
• Trump's Attorney General pick vows to shield Russia probe from politics.
• Basel eases capital hit from new trading book rules for banks.
• Oil falls 1 percent on concerns about China slowdown.
Looking Ahead - Economic Data (GMT)
• No major economic data scheduled
Looking Ahead - Events, Other Releases (GMT)
• 10:30 ECB Mario Draghi participates in meeting of the plenary of the European Parliament in Strasbourg
• 13:30 Philadelphia Fed issues historical revisions to its monthly Non-manufacturing Business Outlook Survey in Philadelphia
• 15:00 ECB President Mario Draghi addresses the European Parliament in Strasbourg
• 16:30 Minneapolis Fed’s Neel Kashkari speaks on the regional economy before the Rochester Economic Summit
• 17:30 Bank of Brazil Governor Illan Goldfajn speaks at Geneva's International Centre for Monetary and Banking Studies in Geneva
• 18:00 Dallas Fed’s Robert Kaplan participates in a session before the Plano Chamber of Commerce Annual Meeting in Texas
• 18:00 Kansas City Fed’s Esther George speaks on the economic and monetary policy outlook before The Central Exchange in Kansas City
EUR/USD: The euro edged lower against US dollar on Monday, as soft Chinese data sparked the sell-off in euro. Market sentiment swung negative after data showed that, China's exports unexpectedly fell in December, pointing to a further weakening of its economy and a gloomy growth picture. The euro was down 0.02 percent at $1.1466. An index that tracks the dollar versus a basket of six major currencies was down 0.07 at 95.60. Immediate resistance can be seen at 1.1507 (Ichimoku Cloud Top), an upside break can trigger rise towards 1.1560 (Higher Bollinger Band).On the downside, immediate support is seen at 1.1447 (9 DMA), a break below could take the pair towards 1.1409 (21 DMA).
GBP/USD: The British pound was steady against dollar on Monday, as markets seized onto Prime Minister Theresa May's warning that, failure to approve her Brexit deal could lead to Britain eventually staying in the European Union. The currency rallied to a high of $1.2926, up 0.3 percent on the day while against the euro it firmed 0.16 percent to stand at 89.16 pence by 2045 GMT, the highest since Dec. 5. A stronger dollar also weighed on the British currency. Immediate resistance can be seen at 1.2936 (38.2% retracement level), an upside break can trigger rise towards 1.2964 (Ichimoku Cloud Top).On the downside, immediate support is seen at 1.2849 (50% retracement level), a break below could take the pair towards 1.2790 (9 DMA).
USD/CAD: The Canadian dollar weakened to a 6-day low against its U.S. counterpart on Monday, reducing gains since the start of the year after data showing a drop in Chinese imports and exports raised fears of a slowdown in the global economy. Chinese exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world's second largest economy in 2019 and deteriorating global demand. The Canadian dollar traded 0.1 percent lower at 1.3274 to the greenback. Immediate resistance can be seen at 1.3327 (9 DMA), an upside break can trigger rise towards 1.3442 (21 DMA).On the downside, immediate support is seen at 1.3172 (100 DMA), a break below could take the pair towards 1.3123 (Nov 16th 2018 Low).
USD/JPY: The dollar declined against the Japanese yen on Monday, as weak Chinese trade data dented risk sentiment and rekindled fears of a global economic slowdown. Chinese exports fell by their most in two years in December, alongside a significant contraction in imports, data showed on Monday. That prompted a deceleration in global stock markets and highlighted fears of a sharper slowdown in global growth. The Japanese yen, a safe-haven currency that benefits in times of geopolitical turmoil, strengthened against the U.S. dollar by 0.33 percent. Strong resistance can be seen at 108.64 (11 DMA), an upside break can trigger rise towards 108.94 (50% retracement level).On the downside, immediate support is seen at 107.97 (Daily low), a break below could take the pair towards 107.64 (23.6% retracement level).
China's surprisingly weak trade data brought a four-day rally in European shares to a halt on Monday, with luxury goods and technology stocks leading the drop as investors fretted about slowing global growth and weaker-than-expected earnings.
UK's benchmark FTSE 100 closed down by 1 percent, the pan-European FTSEurofirst 300 ended the day down by 0.62 percent, Germany's Dax ended down by 0.35 percent, France’s CAC finished the day down by 0.5 percent.
U.S. stocks declined on Monday as an unexpected drop in China's exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicks off.
Dow Jones closed down by 0.38 percent, S&P 500 ended down by 0.54 percent, Nasdaq finished the day down by 0.95 percent.
U.S. Treasury yields turned higher on Monday, after trading mostly lower, as risk sentiment improved after President Donald Trump said he was not looking to declare a national emergency amid a partial government shutdown.
The U.S. 10-year note yields rose to 2.706 percent, up from 2.699 percent late on Friday. U.S. 30-year bond yields, were also up at 3.053 percent, from 3.036 percent on Friday.
On the short end of the curve, U.S. 2-year yields were still slightly down on the day at 2.538 percent, compared with Friday's 2.545 percent.
Gold prices rose on Monday as global stocks fell on an unexpected drop in China's exports that signaled further weakening in the world's second-largest economy and prompted investors to seek safety in the precious metal.
Spot gold rose 0.4 percent to $1,291.40 per ounce at 2052 GMT, while U.S. gold futures settled 0.1 percent higher to $1,291.3.
Oil prices fell more than 2 percent on Monday, taking a pause after a recent rally, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand.
Brent crude futures lost $1.49, or 2.5 percent, to settle at $58.99 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.08 to settle at $50.51 a barrel, a 2.1 percent loss.