America’s Roundup: Dollar stumbles as jump in coronavirus cases dented the economic outlook, Wall Street ends higher, Gold hits highest since October 2012, Oil flat, near highest since March, after Trump assurance on China trade-June 24th,2020
Asia Roundup: Aussie at 1-week peak on Trump's assurance over U.S.-China trade pact, dollar gains as traders speculate pandemic recovery, Asian shares rebound - Tuesday, June 23rd, 2020
Asia Roundup: Euro eases following ECB Knot's comments, yen rallies as resurgent virus threatens global economic recovery, Asian shares consolidate - Friday, June 26th, 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
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
Europe Roundup: Euro dips lower against dollar as markets balanced hopes for a global economic recovery, European stocks dips,Gold hits 8-year peak.Oil rises on manufacturing data, U.S. inventories-July 1st 2020
America’s Roundup: Dollar gains as virus concerns dents risk appetite, Wall Street ends higher ,Gold steadies, Oil prices climb as U.S. economic data lends support-June 26th,2020
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
Asia Roundup: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 2020
Europe Roundup: Sterling slips further to $1.24, weighed down by Brexit,European shares rise, Gold on course for third weekly gain, Oil prices inch up as demand upswing counters virus concerns-June 26th,2020
America’s Roundup: Dollar recovers some overnight losses , Wall Street gains,Gold steadies near multi-year peak, Oil rises on improving economic data but virus case jump caps gains-June 30th,2020
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
America’s Roundup: Dollar records small weekly gain on safe-haven demand, Wall Street climbs, Gold rises, Oil boosted by OPEC+ cuts even as virus weighs on market-June 20th,2020
Europe Roundup: Euro dips on fears of pandemic wave, European stocks rebound, Gold steadies, Oil slips towards $40 on record U.S. inventories, COVID fears-June 25th,2020
Europe Roundup: Sterling gains on weaker dollar, Brexit hopes, European shares dips,Gold hits 1-month peak, Oil steady as a rise in virus cases counters tighter supplies-June 22nd 2020
America's Roundup: Dollar dips on trade optimism, before Fed meeting, Gold edges up, Oil prices rose on hopes for a Sino-American trade deal –October 29th,2019
• US Sep Chicago Fed National Activity -0.45, 0.15 previous
• US Sep Goods Trade Balance -70.39B, -73.06B previous
• US Sep Retail Inventories Ex Auto 0.3%,-0.2% previous
• US Wholesale Inventories (MoM) -0.3%, 0.2% previous
Looking Ahead - Economic Data (GMT)
• 23:30 Japan Oct Tokyo Core CPI (YoY) 0.7% forecast, 0.5% previous
• 23:30 Japan Oct Tokyo CPI (YoY) 0.4% previous
• 23:30 Japan Oct CPI Tokyo Ex Food and Energy (MoM) -0.3% previous
Looking Ahead - Events, Other Releases (GMT)
• 06:45 Australia RBA Governor Lowe Speaks
EUR/USD: The euro gained against the U.S. dollar on Monday, as investors cut long dollar positions ahead of Federal Reserve’s meeting this week. The Fed meeting this week is widely expected to result in a cut in interest rates of 25 basis points, and that has been priced in, but some analysts expect the Fed to sound “hawkish” by signalling it is reluctant to cut rates further. The euro was up 0.19 percent at $1.1100. The dollar index, which measures the U.S. currency against a basket of six currencies, down 0.10% to 97.73.Immediate resistance can be seen at 1.1162 (24th Oct High), an upside break can trigger rise towards 1.1200 (200 DMA).On the downside, immediate support is seen at 1.1074 (25th Oct low), a break below could take the pair towards 1.1000 (Psychological level).
GBP/USD: Sterling strengthened against dollar on Monday, after British lawmakers rejected Prime Minister Boris Johnson’s bid to end the political paralysis around Brexit with a Dec. 12 election. Johnson failed to gain the majority backing in parliament he required for an election, the third time he has failed to do so. The vote took place after the European Union agreed to a three-month flexible Brexit delay. Johnson, who pledged to deliver Brexit on Oct. 31 “do or die”, was forced to request a delay after parliament rejected the sequencing of ratification of his exit agreement.The pound was slightly higher at $1.2162 on Monday, not far from Friday’s low of $1.2800. Immediate resistance can be seen at 1.2885 (5 DMA), an upside break can trigger rise towards 1.2900 (Psychological level).On the downside, immediate support is seen at 1.2788 (Oct 24th low), a break below could take the pair towards 1.2712 (200 DMA).
USD/CAD: The Canadian dollar strengthened to its highest in more than three months against the greenback on Monday after investors boosted bullish bets on the currency and ahead of an interest rate decision this week from the Bank of Canada. The Bank of Canada has been on hold this year even as major central banks such as the U.S. Federal Reserve and the European Central Bank have eased. The Fed is expected to cut rates on Wednesday for the third time since July. That could lower the range for the Fed's benchmark rate below the Bank of Canada's equivalent rate for the first time since December 2016. The Canadian dollar was trading 0.2% higher at 1.3056 to the greenback. Immediate resistance can be seen at 1.3098 (9 DMA), an upside break can trigger rise towards 1.3120 (11 DMA).On the downside, immediate support is seen at 1.3048 (Oct 28thlow), a break below could take the pair towards 1.3000 (Psychological level).
USD/JPY: The dollar strengthened against the Japanese yen on Monday, as optimism that the U.S. and China will reach a trade deal reduced demand for safe haven currencies. U.S. President Donald Trump said on Monday he expected to sign a significant part of the trade deal with China ahead of schedule but did not elaborate on the timing. The comments come after the U.S. Trade Representative’s office and China’s Commerce Ministry said on Friday that U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement, with talks to continue. 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 108.60 (11 DMA), a break below could take the pair towards 108.06 (21 DMA).
European shares touched their highest level since January 2018 on Monday, boosted by carmakers and miners on hopes that the United States and China were closer to getting a trade deal.
UK's benchmark FTSE 100 closed up by 0.09 percent, Germany's Dax ended up by 0.37 percent, France’s CAC finished the day up by 0.15 percent.
The S&P 500 hit record high at open on Monday on rising hopes of a U.S.-China trade deal, while bets that the Federal Reserve would lower borrowing costs at its policy meeting this week also brightened the mood.
Dow Jones closed up by 0.49 percent, S&P 500 ended up by 0.55 percent, Nasdaq finished the down by 1.01 percent.
U.S. Treasury yields rose on Monday morning after the European Union agreed to a three-month flexible delay of Britain's departure from the European Union.
The benchmark 10-year yield was last up 5.7 basis points to 1.858%, the biggest move across maturities.
Gold inched up on Monday, after a near 1% jump in the previous session, as investors awaited a U.S. Federal Reserve rate decision later in the week, while progress in U.S.-China trade talks curbed appetite for safe haven assets.
Spot gold rose 0.2% to $1,506.95 per ounce as of 0700 GMT. U.S. gold futures were up 0.3% at $1,509.60 per ounce.
Oil prices rose on Monday on hopes for a Sino-American trade deal but gains were capped by weak Chinese industrial data.
Brent crude was up 26 cents, or 0.4%, at $62.28 a barrel by 1337 GMT.West Texas Intermediate (WTI) crude rose 20 cents, or 0.3% to $56.86 a barrel.