Asia Roundup: Aussie falls noticeably against U.S. dollar, hits fresh 6 – week low at $0.6827 mark; Asian markets in green; gold touches $1,550 mark in early Asia - Wednesday, January 22, 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
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
Asia Roundup: - Japanese yen remains almost unchanged after CPI, core CPI data; Asian markets mixed, gold trades flat at $1,560 mark - Friday, January 24, 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
America’s Roundup: Dollar gains vs euro as ECB holds policy steady, Wall Street ends lower, Gold dips, Oil falls 2% as spectre of China virus threatens fuel demand-January 24th,2020
Asia Roundup: Dollar gains against yen on U.S.-China trade deal optimism, oil rallies as U.S. crude inventories decline more than expected; investors eye German CPI - Thursday, January 16th, 2020
Europe Roundup: Sterling steadies vs dollar as rate cut bets melt, European stocks falls, Gold dips on profit-taking, Oil falls as spectre of China virus looms over fuel demand-January 23rd, 2020
America’s Roundup:Dollar steady as investors assess health threat, Wall ends higher, Gold dips, Oil slides 2%-January 23rd,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 strengthens as BOJ keeps policy rate unchanged, Asian markets in red, gold noticeably up - Tuesday, January 21, 2020
America’s Roundup: Dollar gains on positive U.S. economic data,Wall Street ends higher, Gold slips, Oil gains on U.S.-China deal-January 17th,2020
Europe Roundup: Sterling rallies after upbeat UK jobs data, European shares falls, Gold eases, Oil prices slide as supply concerns fade-January 21st,2020
Europe Roundup: Sterling firms as rate-cut talk abates, European shares rebound, Gold slips, Oil dips as surplus forecast overshadows Libya disruption-January 22nd 2020
Asia Roundup: PBoC keeps Prime rate unchanged at 4.15 pct, Asian markets mixed, gold back above $1,560 mark - Monday, January 20, 2020
Europe Roundup: Euro dips as investors cheer U.S. data, European shares dip, Gold range bound, Oil rises as Libyan oilfields shut down-January 20th,2020
America’s Roundup: Dollar falls as Fed's Williams' remarks stoke rate-cut bets, Gold steadies near two-week high, Oil falls about 2.5% as U.S. Gulf production returns-July 19th,2019
• US Initial Jobless Claims, 216k, 216k forecast, 208k previous
• US Continued Jobless Claims, 1.686 mln, 1.700 mln forecast, -1.728 mln previous
• US July Philadelphia Fed Manufacturing Index 21.8,5.0 forecast, 0.3 previous
• US July Philly Fed Business Conditions 38.0, 21.4 previous
• US July Philly Fed CAPEX Index 36.90, 28.00 forecast
• US July Philly Fed Employment 30.00, 15:04 forecast
• US July Philly Fed New Orders 18.09,8.03 forecast
• Canada ADP Nonfarm Employment Change 30.4k, 16.0k forecast
• Russia Central Bank reserves 519.7B, forecast 518.3B
• South Africa July Interest Rate Decision 6.50%, forecast 6.50%,, 6.50%, previous
• South Africa July Prime Rate 10:00%, 10:25%, previous
Looking Ahead - Economic Data (GMT)
• 23:30 Japan June National Core CPI (YoY), 0.6% forecast, 0.8%, previous
• 23:30 Japan June National CPI (MoM), 0.7% forecast, 0.7%, previous
• 03:00 New Zealand Credit Card Spending (YoY) 6.6%, previous
• 04:30 Japan All Industries Activity Index (MoM), 0.3% forecast, 0.9%, previous
Looking Ahead - Events, Other Releases (GMT)
• 15:05 Federal Reserve Bank of St. Louis President and Federal Open Market Committee (FOMC) voting member( March 2011 - today) James Bullard is to speak.
• 20:30 Federal Reserve Bank of Boston President and Federal Open Market Committee (FOMC) voting member( March 2011 - today) Eric S. Rosengren to speak.
EUR/USD: The euro rose higher against the U.S. dollar on Thursday ,as risk aversion in the broader markets pushed benchmark U.S. yields to a nine-day low dragging dollar lower.The dollar index versus a basket of six major currencies was down 0.2% at 97.081.The index had climbed to a one-week peak of 97.444 the previous day on stronger-than-expected U.S. retail sales and a slump in sterling. But it edged lower as safe-haven Treasury yields fell in the wake of weak U.S. housing market data and concerns about the prolonged U.S.-China trade dispute. The International Monetary Fund (IMF) said on Wednesday the greenback was overvalued by 6% to 12%, based on near-term economic fundamentals. The Fed is widely expected to lower interest rates by 25 basis points (bps) at its July 30-31 policy meeting, with some in the market wagering on a larger 50 bps cut. Immediate resistance can be seen at 1.1285 (21 DMA), an upside break can trigger rise towards 1.1318 (200 DMA).On the downside, immediate support is seen at 1.1237 (9 DMA), a break below could take the pair towards 1.1200 (Psychological level).
GBP/USD: The British pound rose against the dollar on Thursday, as traders betting against the currency took some profits after it plunged this week amid jitters about the threat of a no-deal Brexit. Retail sales data for June will be released at 0830 GMT, helping traders assess the state of the British economy. Several economists have predicted it shrank in the second quarter. Sterling dropped this week after the two candidates to replace Prime Minister Theresa May appeared to push for a no-deal Brexit if they cannot renegotiate a proposed withdrawal agreement with the European Union. The pound rose 0.9% to $1.2551, away from the 27-month low of $1.2382 hit on Wednesday. Immediate resistance can be seen at 1.2582 (21 DMA), an upside break can trigger rise towards 1.2651 (50 DMA).On the downside, immediate support is seen at 1.2496 (9 DMA), a break below could take the pair towards 1.2400 (Psychological level).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Thursday, as the greenback broadly fell and domestic data supported the view the economy is recovering after a slow patch at the turn of the year. Canadian home prices rose 0.8% in June from the prior month, thanks to a seasonal boost, but the increase was lower than the month's 21-year average, data showed. A separate report from ADP, a human resources solutions company, showed that Canada added 30,400 jobs in June, as hirin rebounded after a sharp decline in May. The Canadian dollar was trading 0.3% higher at 1.3045 to the greenback, or 76.66 U.S. cents. The currency, which last Friday notched a near nine-month high at 1.3018, traded in a range of 1.3035 and 1.3093. Immediate resistance can be seen at 1.3097 (21 DMA), an upside break can trigger rise towards 1.3192 (Higher Bollinger Bands).On the downside, immediate support is seen at 1.3021 (July 15th low), a break below could take the pair towards 1.3000 (Psychological level).
USD/JPY: The dollar weakened against the Japanese yen on Thursday, as remarks from New York Federal Reserve President John Williams increased bets the central bank would lower interest rates at month-end. Williams said Central bankers need to act quickly and forcefully when rates are low and economic growth is slowing. After Williams’ comments, traders increased their bets that the Fed could go deeper than a quarter-point cut at its meeting in late July. The dollar index fell 0.42% to 96.81, after being mainly flat on the day. Strong resistance can be seen at 107.90 (Psychological level), an upside break can trigger rise towards 108.21 (11 DMA).On the downside, immediate support is seen at 107.00 (Psychological level), a break below could take the pair towards 106.80 (June 25th low).
European stocks ended lower on Thursday, as earnings worries ran high after poor results from software firm SAP sank technology shares, although hopes of looser monetary policy from the European Central Bank helped indexes bounce off early lows.
UK's benchmark FTSE 100 closed down by 0.56 percent , Germany's Dax ended down by 0.92 percent, France’s CAC finished the day down by 0.38percent.
U.S. stock indexes edged higher on Thursday as investors awaited more developments around trade, while Netflix posted a surprise drop in U.S. subscribers, kicking off earnings for the FAANG group of stocks on a sour note.
Dow Jones closed down flat, S&P 500 ended up by 0.36 percent, Nasdaq finished the down up by 0.27 percent.
U.S. Treasury yields declined on Thursday, after a Federal Reserve official said policymakers need to add stimulus early to address too-low inflation when interest rates are near zero and said they cannot wait for economic disaster to unfold.
Benchmark 10-year notes were last up 7/32 to yield 2.038%, down from 2.061% late Wednesday.
Gold prices held steady on Thursday, holding close to a two-week high, as the dollar eased on rising expectations of an interest rate cut by the U.S. Federal Reserve.
Spot gold was up 0.2% at $1,430.01 an ounce as of 02:00 p.m. EDT (1800 GMT), after touching its highest since July 3 at $1,432.20. U.S. gold futures settled up 0.3% at $1,432.90 an ounce.
Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region.
Brent crude futures settled down $1.73, or 2.7% at $61.93 a barrel.West Texas Intermediate crude futures were down $1.48 a barrel, or 2.6% at $55.30.
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