Europe Roundup: Sterling falls as slowing growth increases rate cut speculation,European shares flat, Gold slips 1% . Oil steady as fears over U.S.-Iran conflict ease-January 13th, 2020
America’s Roundup: Dollar dips after U.S., China sign Phase 1 trade deal, Wall Street pares gains, Gold firms, Oil down slightly after U.S.-China trade deal, U.S. product build-January 16th,2020
Europe Roundup: Swiss franc rallies amid US, Iran tension, euro rebounds as EZ investor morale improves, European shares slump - Monday, January 6th, 2020
Europe Roundup: Sterling recovers as traders wait for data cues on BoE rate cut, European shares edge higher, Gold inches down, Oil rises after U.S.-China deal, IEA forecast limits gains-January 16th, 2020
America’s Roundup: Dollar dips on U.S.-Iran tensions, Wall Street dips, Gold prices surge 2%,Oil price gains turn up the heat on emerging market oil importers-January 7th,2020
Asia Roundup: Japanese yen at 7-1/2 month low as risk sentiment improves; Aussie consolidates despite upbeat Chinese data, Asian shares surge - Friday, January 17th, 2020
Asia Roundup: Japanese yen eases as Washington drops China FX manipulator label, Asian shares at record high, investor await U.S.-China trade deal - Tuesday, January 14th, 2020
Europe Roundup: Sterling consolidates on rate cut concerns, Swiss franc at 2-week low as Mideast tensions fade, investors eye U.S. nonfarm payroll report - Friday, January 10th, 2020
America’s Roundup: Dollar holds near two-week high, Gold slides, Oil eases as focus shifts from Iran tensions to U.S. crude build-January 10th,2020
America’s Roundup: Dollar gains as U.S.-Iran fears ease ,Wall Street ends lower, Gold edges up, Oil falls 1% as investors reassess Middle East risks-January 8th,2020
Asia Roundup: Japanese yen rebounds as U.S. says China tariffs in place till Phase 2 deal, greenback consolidates following mixed CPI figures, Asian shares plunge - Wednesday, January 15th, 2020
Asia Roundup: Antipodeans consolidate near recent lows, yen at 3-month peak as U.S., Iran exchange threats, Asian shares slump - Monday, January 6th, 2020
America’s Roundup: Dollar firms as Sino-U.S. trade deal day draws near, Wall Street rises, Gold slips as risk-on sentiment weighs, Oil falls 1%-January 14th,2020
America’s Roundup: Dollar gains on U.S. economic optimism, Wall Street hits new high,Gold edges higher, Oil steadies as Chinese economy offsets trade optimism-January 18th,2020
Europe Roundup: Sterling reverses gains after weak British retail sales,European shares rise, Gold firms, Oil ends week steady as China growth offsets trade deal optimism-January 17th,2020
Asia Roundup: Japanese yen off highs as U.S.-Iran tensions ease, Asian shares rebound; investors await Iran's response – Tuesday, January 7th, 2020
America’s Roundup: Dollar dips as risk-off mood boosts yen, Wall Street slips, Gold rises, Oil mixed amid U.S. crude stock build-November 15th, 2019
• Russia Central Bank Reserves (USD) 541.1B, 542.9B previous
• US Continuing Jobless Claims 1,683K, 1,687K forecast, 1,693K previous
• US Initial Jobless Claims 225K, 215K forecast, 211K previous
• US Jobless Claims 4-Week Avg 217.00K, 215.25K previous
• US Oct PPI (MoM) 0.4%,0.3% forecast, -0.3% previous
• US Sep New Housing Price Index (MoM) 0.2%,0.1% forecast, 0.1% previous
• US Industrial Production (MoM)) 1.4% forecast, 1.4% Looking Ahead - Economic Data (GMT)
• 21:30 New Zealand Oct Business NZ PMI 48.4 previous
• 21:30 China Thomson Reuters IPSOS PCSI 68.92 previous
Looking Ahead - Events, Other Releases (GMT)
• 02:30 Canada BoC Gov Poloz Speaks
• 02:45 Australia RBA Assist Gov Debelle Speaks
EUR/USD: The euro was little changed against the U.S. dollar on Thursday, as Chinese economic data slowed added to worries about the global growth fallout from the U.S.-China trade war. China’s factory output growth slowed significantly more than expected in October, as weakness in global and domestic demand and the drawn-out Sino-U.S. trade war weighed on broad segments of the world’s second-largest economy. Worries about spiralling violence as anti-government protests intensify in Hong Kong have also soured investor sentiment.The euro was up 0.17 percent at $1.1025.The dollar index, which measures the greenback against six major currencies, was 0.18 percent lower at 98.14. Immediate resistance can be seen at 1.1040 (50 DMA), an upside break can trigger rise towards 1.1099 (100 DMA).On the downside, immediate support is seen at 1.0988 (Daily low), a break below could take the pair towards 1.0960 (Lower BB).
GBP/USD: The pound strengthened against the dollar Thursday, as expectations that Britain’s ruling Conservative Party might win a majority in a Dec. 12 election has fuelled investors’ optimism that the Brexit impasse will finally end. Prime Minister Boris Johnson’s Conservatives have a 10-point lead over the main opposition Labour Party, a poll by Savanta ComRes showed on Wednesday.A poll by Ipsos Mori on Thursday showed that 25% of respondents expected a Conservative majority while a third expected a hung parliament with the Conservatives as the largest party. Immediate resistance can be seen at 1.2900 (Psychological level), an upside break can trigger rise towards 1.2970 (Higher BB).On the downside, immediate support is seen at 1.2775 (Lower BB), a break below could take the pair towards 1.2696 (200 DMA).
USD/CAD: The Canadian dollar weekend to hit one-week low against its U.S. counterpart on Thursday as a speech by Bank of Canada Governor Stephen Poloz loomed and investors grew more nervous about a global economic slowdown. World stocks fell as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war. At(1918 GMT), the Canadian dollar was trading 0.1% lower at 1.3262 to the greenback. Immediate resistance can be seen at 1.3276 (200 DMA), an upside break can trigger rise towards 1.3293 (Higher BB).On the downside, immediate support is seen at 1.3239 (5 DMA), a break below could take the pair towards 1.3194 (11 DMA).
USD/JPY: The dollar declined against the Japanese yen on Thursday, as demand for safe haven yen increased amid ongoing political turmoil in Hong Kong. Hong Kong pro-democracy protesters paralyzed parts of the city for a fourth day on Thursday, forcing schools to close and blocking highways, as students built campus barricades and the government dismissed rumors of a curfew. At 1908 GMT, the dollar was 0.44 percent lower versus the Japanese yen at 108.33. Strong resistance can be seen at 109.49 (Nov 7th High), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 108.12 (50 DMA), a break below could take the pair towards 107.66 (100 DMA).
European shares closed lower on Thursday as a warning from German carmaker Daimler and weak economic data from major economies added to concerns about a global slowdown.
The UK's benchmark FTSE 100 closed down by 0.80 percent, Germany's Dax ended down by 0.38 percent, and France’s CAC finished the day down by 0.10percent.
U.S. stocks slipped on Thursday, weighed down by technology shares after Cisco’s dour forecast raised worries of a global economic slowdown and overshadowed strong results from big box retailer Walmart.
At (19:10 GMT) Dow Jones was down by 0.08 percent, S&P 500 was up by 0.01 percent, Nasdaq was down by 0.11 percent.
U.S. Treasury yields fell on Thursday as investors reassessed the likelihood that the United States and China are close to reaching a deal to de-escalate their trade war and as bonds retraced last week’s selloff, which was exaggerated by technical factors.
Benchmark 10-year note yields rose to 1.973% last Thursday, which was the highest since Aug. 1, and have climbed from 1.670% on Nov. 1.
Gold prices rose on Thursday as investors remained concerned about the imminence of a trade deal between the United States and China, while a slip in riskier assets and the U.S. currency further supported the metal.
Spot gold rose 0.7% to $1,472.66 per ounce as of 02:05 p.m. EST (1905 GMT). U.S. gold future settled up 0.7% at $1,473.40 per ounce.
Oil prices were mixed on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, while forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus supported Brent.
Brent crude futures were up 3 cents to $62.40 a barrel by 1:22 p.m. EST (1822 GMT), while West Texas Intermediate crude CLc1 was down 20 cents to $56.92 a barrel.
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