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
Asia Roundup: Kiwi at 4-month peak, dollar steadies against yen on trade deal optimism; Asian shares rally - Friday, December 6th, 2019
America’s Roundup : Dollar edges lower as U.S.-China trade talks continue, Wall Street climbs, Gold steadies near two-week low, Oil gains, bolstered again by US-China trade talks-November 27th,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
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 at 6-week peak as poll show Conservative lead widening, euro tumbles as EZ PPI eases, European shares plunge on trade tariffs - Tuesday, December 3rd, 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
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
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
Asia Roundup: Aussie rallies as RBA stands pat, greenback eases following weak U.S. manufacturing data, Asian shares plunge on Trump's Latin American tariffs - Tuesday, December 3rd, 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 gains as business sentiment improves, dollar off highs against yen after Trump signs Hong Kong protest bill, Asian shares tumble - Thursday, November 28th, 2019
Asia Roundup: Euro gains ahead of EZ flash CPI, greenback firm near 2-week peak as upbeat U.S. data trims Fed cut bets, Asian shares plunge - Friday, November 29th, 2019
America's Roundup: Dollar loses trade uncertainty weighs,Wall Street slips, Gold gains, Oil slumps but sets monthly gain ahead of OPEC meeting-November 30th,2019
Europe Roundup: Sterling declines as polls show Conservative lead narrowing, euro halts 4-day losing streak as German consumer sentiment improves, European shares tumble - Tuesday, November 26th, 2019
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 dips ahead Fed decision, Wall Street holds steady, Gold falls to 1-week low, Oil mixed on forecast of falling U.S. fuel stockpiles-October 30th,2019
• Fed expected to cut rates on Thursday
• Traders see 94% chance for 25 basis point rate cut by Fed
• Britain likely to hold election in December
• U.S. consumer confidence fell in October
• US Redbook (YoY) 4.5%,4.3% previous
• US Redbook (MoM) 0.0%,-0.1% previous
• US Aug S&P/CS HPI Composite - 20 s.a. (MoM) -0.2%, 0.1% forecast, 0.1% previous
• US Aug S&P/CS HPI Composite - 20 n.s.a. (MoM) 0.0%, 0.3% forecast, 0.2% previous
• US Aug S&P/CS HPI Composite - 20 n.s.a. (YoY) 2.0%, 2.1% forecast, 2.0% previous
• US Oct CB Consumer Confidence 125.9 , 128.0 forecast, 126.3 previous
• US Sep Pending Home Sales (MoM) 1.5%, 0.9% forecast, 1.4% previous
• US Sep Pending Home Sales Index 108.7, 107.1 previous
• US Oct Dallas Fed Services Revenues 15.4, 12.9 previous
• US Oct Texas Services Sector Outlook 1.8, 6.3 previous
Looking Ahead - Economic Data (GMT)
• 23:50 Japan Sep Retail Sales (YoY) 6.9%, 1.8% previous
• 00:30 Australia HIA New Home Sales (MoM) 7.3% previous
• 00:30 Australia CPI (QoQ) (Q3) 0.5% forecast, 0.6% previous
• 00:30 Australia CPI (YoY) (Q3) 1.7% forecast, 1.6% previous
• 00:30 Australia CPI Index Number (Q3) 114.80 previous
• 00:30 Australia Trimmed Mean CPI (QoQ) (Q3) 0.4% forecast, 0.4% previous
• 00:30 Australia Trimmed Mean CPI (YoY) (Q3) 1.6%, 1.6% previous
• 00:30 Australia Weighted mean CPI (QoQ) (Q3) 0.4% forecast,0.4% previous
• 00:30 Australia Weighted mean CPI (YoY) (Q3) 1.3%, 1.2% previous
• 18:00 US Fed Interest Rate Decision 1.75%, 2.00% previous
• 20:00 Brazil Interest Rate Decision 5.50%,5.50% previous
Looking Ahead - Events, Other Releases (GMT)
• 14:00 Canada BoC Rate Statement
• 15:15 Canada BOC Press Conference
• 17:30 Eurozone ECB's Lautenschlaeger Speaks
• 18:00 US FOMC Statement
EUR/USD: The euro strengthened against the U.S. dollar on Tuesday, as investors awaited for the outcome of the U.S. Federal Reserve meeting on Wednesday. The Fed is expected to cut rates on Wednesday and investors will be watching for any indication that further cuts are likely. Fed policymakers are deeply divided on whether the U.S. central bank should be cutting rates. The euro was up 0.09 percent at $1.1110. An index that tracks the dollar versus a basket of six major currencies was down 0.04 at 97.70. Immediate resistance can be seen at 1.1127 (100 DMA), an upside break can trigger rise towards 1.1200 (200 DMA).On the downside, immediate support is seen at 1.1070 (Daily low), a break below could take the pair towards 1.1000 (Psychological level).
GBP/USD: Sterling strengthened against dollar on Tuesday, as Britain looked set for a snap December election, but its recent surge on hopes of a smooth Brexit look may be capped by outside risks that the various election outcomes could bring. Sterling has gained more than 5 percent over the last three weeks against the U.S. dollar, and stocks rallied as fears of Britain crashing out of the European Union faded after European policymakers agreed on a third Brexit extension until Jan. 31. But the growing optimism has been punctured this week as market watchers worried that some of those concerns that have dogged investor sentiment for most of this year may return to haunt the pound if the election result is not a clear one. Immediate resistance can be seen at 1.2905 (Daily High), an upside break can trigger rise towards 1.2950 (24th Oct High).On the downside, immediate support is seen at 1.2800 (Psychological level), a break below could take the pair towards 1.2712 (200 DMA).
USD/CAD: The Canadian dollar declined against its U.S. counterpart on Tuesday, pulling back from an earlier three-month high as oil prices fell and ahead of interest rate decisions this week by the Bank of Canada and the U.S. Federal Reserve. The price of oil, one of Canada’s major exports, fell for a second day, pressured by expectations of a rise in U.S. crude inventories and doubts that OPEC and its allies will cut oil output further in December. U.S. crude oil futures were down 1.6% at $54.93 a barrel. At (1950 GMT), the Canadian dollar was trading 0.3% lower at 1.3067 to the greenback, or 76.53 U.S. cents. Immediate resistance can be seen at 1.3108 (5 DMA), an upside break can trigger rise towards 1.3191 (21 DMA).On the downside, immediate support is seen at 1.3042 (Oct 29thlow), a break below could take the pair towards 1.3000 (Psychological level).
USD/JPY: The dollar dipped against the Japanese yen on Tuesday, ahead of the two-day Federal Reserve policy meeting. Traders are currently pricing in a 97.3% chance of a cut tomorrow, up from 49.2% a month ago, according to CME Group's FedWatch tool. Though there has been no clear commitment to another reduction in borrowing costs from Fed policymakers, a failure to lower rates on Wednesday could risk upending financial markets that are confident another cut is coming. Strong resistance can be seen at 109.00 (200 DMA), an upside break can trigger rise towards 109.32 (Aug 1st high).On the downside, immediate support is seen at 108.68 (11 DMA), a break below could take the pair towards 108.00 (Psychological level).
European shares closed lower for the first time in seven sessions on Tuesday, as weak earnings dampened optimism surrounding the U.S.-China trade progress.
UK's benchmark FTSE 100 closed down by 0.34 percent, Germany's Dax ended down by 0.02 percent, France’s CAC finished the day up by 0.17 percent.
The S&P 500 eased back from a record high on Tuesday to trade near the unchanged mark as investors weaved through the heart of earnings season and the latest headlines on a potential trade deal between the U.S. and China.
Dow Jones closed down by 0.04 percent, S&P 500 ended down by 0.06 percent, Nasdaq finished the down by 0.58 percent.
U.S. Treasury yields on Tuesday were lower across maturities as the Federal Reserve began its two-day policy meeting after which it is expected to announce its third interest-rate cut this year.
The benchmark 10-year yield was 0.9 basis point lower at 1.844%. The two-year yield, a proxy for market expectations of interest rate policy changes, was flat at 1.648%, with expectations of a rate cut Wednesday fully priced in by the market.
Oil prices were mixed on Tuesday, paring earlier steep losses as investors focused on signs that U.S.-China trade tensions could ease next month and expectations that U.S. refined product stockpiles declined last week.
Brent crude settled at $61.59 a barrel, up 2 cents, after falling as low as $60.66. U.S. West Texas Intermediate crude ended 27 cents lower at $55.54 a barrel, after earlier hitting a session low of $54.61.
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