Asia Roundup: Aussie rebounds on upbeat wage data, euro slumps on weak economic outlook, greenback near 4-1/2 month peak as investors eye FMOC minutes - Wednesday, February 19th, 2020
Europe Roundup: Euro struggles near three-year lows on economic worries, European shares gain, Gold holds near two-week high, Oil price steady-February 17th,2020
Europe Roundup: Euro plunges against dollar as China virus cases soar, European shares falter, Gold rises, Oil prices fall on bearish demand forecasts-February 13th,2020
Asia Roundup: Aussie eases following RBA meeting minutes, yen surges as coronavirus concerns linger, investors eye German ZEW survey- Tuesday, February 18th, 2020
Asia Roundup: Antipodeans slump as persistent virus fears dampen China stimulus, greenback near 3-year peak on upbeat economic data, Euro consolidates ahead of CPI data - Friday, February 21st, 2020
Asia Roundup: Antipodeans await coronavirus clarity, euro consolidates near 3-year low on growth concerns, Asian shares nudge higher - Monday, February 17th, 2020
Europe Roundup: Euro falls below key $1.08 level,European shares rise, Gold holds above $1,600, Oil rises amid hope for short economic hit from coronavirus outbreak-February 19th,2020
Europe Roundup: Sterling rebounds as recovery in risk appetite hits dollar, European shares dip,Gold retreats from seven-year high, Oil steadies above $56-February 25th,2020
Asia Roundup: Kiwi declines on RBNZ governor Adrian Orr's comments, dollar off highs against the yen as China virus fears return, Asian shares ease - Thursday, February 13th, 2020
Asia Roundup: Antipodeans ease as virus spreads globally, Japanese yen rallies as virus concern spurs safe-haven demand, Asian shares decline - Monday, February 24th, 2020
America’s Roundup: Dollar slips as U.S. data disappoints, Gold surges 1.5%, Oil retreats in face of renewed coronavirus uncertainties-February 22nd, 2020
America’s Roundup: Dollar climbs as weak German data dents euro, Wall Street falls, Gold hits 1-month peak, Oil falls nearly 1% on virus impact-February 19th,2020
Asia Roundup: Kiwi rallies on RBNZ's hawkish stance, dollar gains against yen as new virus cases fall, Asian shares surge - Wednesday, February 12th, 2020
America’s Roundup: Dollar pushes higher as virus spreads, Wall Street sinks, Gold gains as much as 2.8%, Oil slumps 5%-February 25th, 2020
America’s Roundup: Dollar gains as traders balance virus, economic reports, Wall Street slips, Gold rises, Oil prices climb on prospects for deeper OPEC+ output cuts-February 14th,2020
Asia Roundup: Antipodeans steady on Fed rate cut expectations, yen rallies as coronavirus spread widens, Asian shares consolidate - Tuesday, February 25th, 2020
America’s Roundup: Dollar dips on Chinese virus concerns, Wall Street rally pauses, Gold falls 1%, Oil market shrugs off Libya crisis amid ample global supply-Jaynagar 22nd,2020
• US Nov Manufacturing Sales (MoM) -0.6%,-0.3% forecast, -0.2% previous
• Belgium Jan Consumer Confidence -6, -8 previous
• New Zealand GlobalDairyTrade Price Index 1.7% , -0.3% forecast , 2.8% previous
Looking Ahead - Economic Data (GMT)
• 23:30 Australia Jan Westpac Consumer -0.8%,-1.9% previous
EUR/USD: The euro rose against the U.S. dollar on Tuesday, as investors awaited European Central Bank (ECB) meeting on Thursday where it is expected to launch a comprehensive review of central bank strategy, including the ECB’s inflation target. The ECB’s first meeting of the year is most likely to launch a rethink of an inflation goal the bank has failed to meet since 2013.The scope and scale of the review will be a key focus for markets given the far-reaching implications for monetary policy. Immediate resistance can be seen at 1.1117 (5 DMA), an upside break can trigger rise towards 1.1128 (11 DMA).On the downside, immediate support is seen at 1.1065 (Dec 24th low), a break below could take the pair towards 1.1000 (Psychological level).
GBP/USD: Sterling strengthened against dollar on Tuesday, as upbeat UK jobs data boosted sterling across the board. Data showed the number of people in employment rose by 208,000 to 32.90 million, the biggest increase since the three months to January 2019 and much stronger than the median forecast in a poll for a rise of 110,000. The data also showed that pay growth slowed a touch to 3.4% annually in November, the slowest since the three months to April 2019. Economists had expected regular pay to grow by 3.4%, although with low inflation earnings are rising in real terms. Immediate resistance can be seen at 1.3024(5 DMA), an upside break can trigger rise towards 1.3060 (11 DMA).On the downside, immediate support is seen at 1.2951 (Jan 14th Low), a break below could take the pair towards 1.2910 (Lower BB).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Tuesday as oil prices fell and domestic data showed that manufacturing sales dropped for the third month in November. Canadian factory sales decreased by 0.6% in November from October, impacted by rail transportation disruptions. That was weaker than the 0.3% decline that analysts had forecast, although there was an upward revision to the prior month. At (1926 GMT), the Canadian dollar was trading 0.1% lower at 1.3072 to the greenback. Immediate resistance can be seen at 1.3106 (Jan 9th High), an upside break can trigger rise towards 1.3173 (50 DMA).On the downside, immediate support is seen at 1.3025 (5 DMA), a break below could take the pair towards 1.3000 (Psychological level).
USD/JPY: The dollar dipped against the Japanese yen on Tuesday, as concern about Chinese coronavirus in Wuhan sparked risk aversion. The outbreak of the disease, which has spread from the central city of Wuhan, is still in its early stages. However, it comes right before the peak travel season during the Lunar New Year holidays, raising risks that it could spread further. The yen edged 0.2% higher to 109.97 per dollar on Tuesday. The dollar index against a basket of six major currencies stood at 97.589, near the highest level in a month. Strong resistance can be seen at 110.30 (Jan 17th High), an upside break can trigger rise towards 111.00 (Psychological level).On the downside, immediate support is seen at 109.69 (11 DMA), a break below could take the pair towards 109.33 (21 DMA).
European stocks dipped as financial markets reacted to mounting concern about a new strain of flu-like virus in China.
The UK's benchmark FTSE 100 closed down by 53 percent, Germany's Dax ended up by 0.06 percent, and France’s CAC finished the day down by 0.54 percent.
U.S. stock indexes slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF paused a record-setting rally on Wall Street.
At (GMT Dow Jones closed down by 0.63 percent, S&P 500 ended down 0.26 percent, Nasdaq finished the day down by 0.28 percent.
U.S. Treasury prices surged on Tuesday, pushing yields lower as risk appetite dropped, amid worries about the potential fallout from a lethal virus that has broken out in China.
U.S. two-year note yields fell to two-week lows, while those on 10-year and 30-year yields slid after rising in the previous two sessions.
Gold shed 1% on Tuesday in volatile trade as investors booked profits after prices hit a two-week high early in the session, although losses were limited by a slide in equities due to worries about a virus outbreak in China.
Spot gold was down 0.2% at $1,557.90 per ounce by 11:48 a.m. EST (1648 GMT), after hitting its highest since Jan. 8 at $1,568.35 in early trading.U.S. gold futures fell 0.2% to $1,558.
Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from growing record U.S. production, would be able to absorb disruptions that have cut Libya’s crude production to a trickle.
Brent futures fell 46 cents, or 0.7%, to $64.74 a barrel, by 12:45 p.m. EST (1745 GMT). U.S. crude fell 7 cents, or 0.1%, to $58.47 per barrel.