Europe Roundup : Euro little changed as investors await Fed meeting, European share flat, Gold eases, Oil prices jump on U.S. inventory drop-July 29th,2020
America’s Roundup: Dollar heads for steepest monthly drop in decade, Wall Street gains, Gold rises, Oil posts monthly gains as U.S. reports record output cuts in May-August 1st,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
Europe Roundup: Euro rise after positive economic indicators, European shares gains, Gold rise to new record high, Oil prices rise as U.S. crude inventories show large drop-August 5th,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
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,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
Asia Roundup: Aussie gains on upbeat economic data, dollar eases on recovery worries, Asian shares consolidate - Wednesday, August 5th, 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
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
America’s Roundup: Dollar strengthens after US jobless claims data,Wall Street gains, Gold accelerates higher, Oil settles below 5-month highs amid fuel demand worries-August 7th,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
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'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
America’s Roundup: Dollar steadies from 2-year lows, Wall Street pauses, Gold retreats from record peak. Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
America’s Roundup: Dollar holds near 1-week high, European stocks maon, Gold loses ground, Oil settles higher on Chinese factory data, U.S. stimulus hopes-August 11th,2020
America’s Roundup: Dollar dips as infections spike hits confidence,Wall Street ends higher, Gold jumps, Oil up above 2% on tighter supplies, eased lockdowns-June 23rd 2020
• WHO reports single-day record of COVID cases
• Stocks, oil edge higher on recovery hopes
• US Chicago May Fed National Activity 2.61, -16.74 previous
• EU June Consumer Confidence -14.7, -15.0 forecast, -18.8 previous
• US May Existing Home Sales (MoM) -9.7%,-3.0% forecast, -17.8% previous
• US May Existing Home Sales 3.91M, 4.12M forecast, 4.33M previous
Looking Ahead - Events, Other Releases (GMT)
•23:00 Australia Manufacturing PMI 44.0 previous
•23:00 Australia Services PMI 26.9 previous
• 00:30 Japan June Manufacturing PMI 38.4 previous
• 00:30 Japan Services PMI 26.5 previous
• 05:00 Japan BoJ Core CPI (YoY) -0.1% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro gained against on Monday as investors shrugged off worries that rising coronavirus infections in parts of Europe and the United States over the weekend could scupper a quick economic rebound. Torn between record stimulus and growing fears of a second wave of infections, stocks have been moving sideways in recent weeks after rising more than 40% from March lows on hopes the worst of the pandemic was over. Immediate resistance can be seen at 1.1289 (23.6% fib), an upside break can trigger rise towards 1.1351 (June 16th high).On the downside, immediate support is seen at 1.1228 (5 DMA), a break below could take the pair towards 1.1166 (38.2% fib).
GBP/USD: Sterling rose against dollar on Monday, recovering from a three-week low during Asian trading, helped by a weaker dollar, hopes of a Brexit trade deal and expectations of better economic data. Britain has until the end of the year to sign a new trade agreement with the European Union, when a transition period following its exit from the bloc comes to an end. Although much remains to be discussed, both parties have signalled progress. The pound was last up 0.07% at $1.2468, having fallen earlier to $1.2337, its lowest since June 1. Immediate resistance can be seen at 1.2523 (38.2% fib),an upside break can trigger rise towards 1.2523 (38.2% fib).On the downside, immediate support is seen at 1.2422 (30 DMA), a break below could take the pair towards 1.2307 (50% fib).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Monday as investors focused on the rally on Wall Street rather than the prospect of a long period of monetary policy stimulus from the Bank of Canada. Wall Street's major indexes climbed as investors appeared to look past the potential economic impact of rising coronavirus cases in the United States and other major economies. The Canadian dollar was trading 0.5% higher at 1.3532 to the greenback. Immediate resistance can be seen at 1.3555(5 DMA), an upside break can trigger rise towards 1.3530 (38.2%).On the downside, immediate support is seen at 1.3470 (23.6%fib), a break below could take the pair towards 1.3331 (Lower BB).
USD/JPY: The dollar dipped against the Japanese yen Monday as investors edged into perceived safe-haven assets after the World Health Organization reported a record global increase in COVID-19 cases. New U.S. cases on Saturday hit the highest since early May, while the WHO reported on Sunday total cases rose by 183,020 in a 24-hour period. Fears of a second wave have also spurred safe-haven demand. The dollar index fell 0.664%. The Japanese yen strengthened 0.04% versus the greenback at 106.88 per dollar. The Japanese yen strengthened 0.04% versus the greenback at 106.94 per dollar. Strong resistance can be seen at 107.05 (9 DMA), an upside break can trigger rise towards 107.23 (21DMA ).On the downside, immediate support is seen at 106.72 (50% fib ), a break below could take the pair towards 106.12(Lower BB).
European shares closed at a near one-week low on Monday as signs of a resurgence in coronavirus cases in Germany and elsewhere unnerved investors who were hoping for a swift economic recovery from the crisis.
The UK's benchmark FTSE 100 closed up by 0.76 percent. Germany's Dax ended down by 0.55 percent, and France’s CAC finished the down by 0.62 percent.
Wall Street’s three major indexes closed higher on Monday with the biggest gains in technology stocks as investors focused on the potential for more government stimulus measures even as they worried about an increase in coronavirus cases in the United States and other countries.
Dow Jones closed up by 0.59 percent, S&P 500 ended up 0.65 percent, Nasdaq finished the day up by 1.11 percent.
U.S. Treasury yields were stable on Monday, as investors awaited details on what a continuing increase in COVID-19 cases could mean for the U.S. economy.
The benchmark 10-year yield was up 1.1 basis points in afternoon trading at 0.7102%.
Gold prices climbed 1% on Monday to hit the highest level in more than a month, as investors took refuge in the safe-haven metal after an uptick in coronavirus cases dampened hopes for a quick economic recovery.
Spot gold was up 0.7% to $1,755.58 per ounce at 02:41 p.m. ET (1841 GMT). The session high was 1,762.84, the highest since May 18.
Oil was up 2% on Monday on tighter crude supplies from major producers and as coronavirus lockdowns kept easing despite a record rise in cases globally.
Brent crude settled at $43.08 a barrel, up 89 cents, or 2.1%. The West Texas Intermediate (WTI) crude contract for August, the day’s more-active contract, settled at $40.73 a barrel, rising 90 cents, or 2.3%.