Europe Roundup: Sterling at 1-week low amid prevailing no-deal Brexit fears, euro gains on better-than-expected German industrial data, European shares plunge - Tuesday, October 8th, 2019
Europe Roundup: Sterling eases on persisting no-deal Brexit fears, greenback plunges amid renewed Fed rate cut expectations, investors eye U.S. nonfarm payroll report - Friday, October 4th, 2019
Europe Roundup: Sterling consolidates as no-deal Brexit concerns persist, euro eases as German industrial orders decline more than expected, investors eye Fed Chair Powell's speech - Monday, October 7th, 2019
America's Roundup: Dollar slips as data disappoints,Wall Street slips, Gold stedies,Oil rises 1% on hopes OPEC will extend supply cuts-October 17th,2019
Asia Roundup: Antipodeans ease on downbeat Chinese factory prices, dollar declines against yen as U.S.-China trade deal, Brexit hopes ebb, Asian shares nudge higher - Tuesday, October 15th, 2019
America's Roundup: Dollar dips as U.S.-China trade negotiations begin, Wall Street gain,Gold slips, Oil prices rise as OPEC pledges decision on supply-October 11th,2019
Europe Roundup: Sterling eases as no-deal Brext fears persist; Swiss franc, yen gain as trade deal optimism ebb, European shares slump - Monday, October 14th, 2019
Europe Roundup: Sterling rebounds on better-than-expected GDP, dollar tumbles as U.S.-China talks resume, European shares plunge - Thursday, October 10th, 2019
Asia Roundup: Antipodeans off-highs on soft Chinese trade data, greenback rebounds on U.S.-China trade optimism, Asian shares surge - Monday, October 14th, 2019
Europe Roundup: Sterling rallies as EU Barnier's comments stoke Brexit deal hopes, euro plunges as German investor sentiment deteriorates, European shares surge - Tuesday, October 15th, 2019
America's Roundup: Dollar range-bound as trade optimism fades,Wall Street gains, Gold slips 1%,Oil falls on weaker economic growth forecasts-October 16th,2019
America's Roundup: Dollar slips as U.S. jobs-inspired rally fizzles, Wall Street rise, Gold gains, Oil settles up-October 5th,2019
Asia Roundup: Kiwi steadies as RBNZ rate cut concerns ease, yen rallies amid caution over U.S.-China trade talks, Asian shares surge - Monday, October 7th, 2019
Asia Roundup: Kiwi rallies on upbeat economic data, dollar gains against yen ahead of U.S.-China trade talks, Asian shares nudge higher - Tuesday, October 8th, 2019
Asia Roundup: Kiwi eases on RBNZ rate cut expectations, dollar off highs against yen on Hong Kong worries, investors eye EZ CPI figures - Wednesday, October 16th, 2019
America’s Roundup: Dollar slips versus yen as trade tensions weigh, Wall Street dips,Gold rises, Oil falls on U.S.-China talks-Oct 9th,2019
America’s Roundup: Dollar firms on reduced bets for deep US rate cut,Wall Street dips, Gold edges lower, Oil steadies as demand worries offset Iran's new nuclear threats-July 9th,2019
• Markets reprice chance of big Fed cut after jobs data
• Traders shift focus to Fed's Powell 2-day testimony
• Sterling falls toward $1.25, close to six-month low
• Deutsche Bank shares fall on overhaul move
• Russia Jun CPI MoM, 0.0%, 0.1% forecast, 0.3% previous
• US June CB Employment Trends Index,109.50,-111.20 previous
Looking Ahead - Economic Data (GMT)
• 07:00 Australia Jun NAB Business Confidence
Looking Ahead - Events, Other Releases (GMT)
• No major events are scheduled
EUR/USD: The euro declined against the U.S. dollar on Monday, as dollar continued its march after news of a stronger-than-expected increase in U.S. jobs in June scaled back traders' expectations of a sharp Federal Reserve rate cut at the end of July. Traders await Fed Chairman Jerome Powell's two-day testimony before Congress, which starts on Tuesday for clues about a rate decrease. The euro was down 0.12 percent at $1.1210. An index that tracks the dollar versus a basket of six major currencies was up 0.27 at 97.40. Immediate resistance can be seen at 1.1256 (5 DMA), an upside break can trigger rise towards 1.1313 (11 DMA).On the downside, immediate support is seen at 1.1184 (Ichimoku Cloud Base), a break below could take the pair towards 1.1140 (Lower Bollinger Bands).
GBP/USD: The British pound hovered near a six-month low against the dollar on Monday, as investors continued to bet on lower British interest rates and added to their short positions on the currency.As major central banks around the world including the Fed shift towards monetary policy easing, investors are betting that the Bank of England will follow suit. Last week it fuelled investors’ expectations of a 25 basis point cut over the next 12 months, hurting the pound.Uncertainty over Britain’s departure from the European Union, as well as over who will become the new British prime minister and lead the country out of the bloc, added to sterling’s weakness. The pound declined 0.10 percent at $1.2510, not far from the $1.2481 low reached on Friday. Immediate resistance can be seen at 1.2556 (5 DMA), an upside break can trigger rise towards 1.2627 (11 DMA).On the downside, immediate support is seen at 1.2458 (Lower Bollinger Band), a break below could take the pair towards 1.2400 (Psychological level).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Monday, as the greenback broadly gained, but the loonie held near last week’s eight-month high ahead of an interest rate decision on Wednesday from the Bank of Canada. The U.S. dollar .DXY hovered at a three-week high against a basket of major currencies as traders awaited Fed Chairman Jerome Powell’s testimony this week before Congress for clues about a rate decrease. The price of oil, one of Canada's major exports, was supported by tensions over Iran's nuclear program but gains were tempered by global economic growth concerns. At (2040 GMT), the Canadian dollar was trading 0.14% lower at 1.3096 to the greenback .Immediate resistance can be seen at 1.3108 (11 DMA), an upside break can trigger rise towards 1.3200 (21 DMA).On the downside, immediate support is seen at 1.3035 (July 4th low), a break below could take the pair towards 1.2931 (23.6% retracement level).
USD/JPY: The dollar strengthened against the Japanese yen on Monday, as strong U.S. job gains tempered expectations the Federal Reserve will deliver a large interest rate cut. Traders await Fed Chairman Jerome Powell’s two-day testimony before Congress, which starts on Wednesday for clues about a rate decrease. U.S. non-farm payrolls rebounded in June, rising the most in five months, the Labor Department said on Friday.The solid job gain slashed expectations of a 50 basis-point rate cut at the Fed’s July 30-31 policy meeting, although modest wage gains and other data showing the U.S. economy was losing steam point to a quarter-point rate cut.The dollar was 0.27 percent lower versus the Japanese yen at 108.78. Strong resistance can be seen at 109.00 (50 DMA), an upside break can trigger rise towards 109.27 (Higher Bollinger Band).On the downside, immediate support is seen at 108.15 (5 DMA), a break below could take the pair towards 107.52 (July 3rd 2019).
Banks led European shares slightly lower on Monday as Deutsche Bank slid despite a major restructuring move, while fading hopes of a sharp interest-rate cut by the U.S. Federal Reserve weighed on broader markets.
The UK's benchmark FTSE 100 closed down by 0.05 percent, Germany's Dax ended down by 0.20 percent, and France’s CAC finished the down by 0.08 percent.
U.S. stocks fell on Monday, pressured by a drop in Apple Inc and declines in healthcare stocks as investors toned down expectations of an aggressive interest rate cut by the Federal Reserve later this month.
Dow Jones closed down by 0.43 percent, S&P 500 ended down 0.47 percent, Nasdaq finished the day down by 0.78 percent.
The U.S. Treasury yield curve flattened on Monday, after stronger-than-expected employment data on Friday led traders to significantly reduce bets on an aggressive 50 basis point interest-rate cut in July.
The yield on the benchmark 10-year note was last down 2.4 basis points at 2.020%, with the 30-year yield 3.3 basis points lower at 2.515%. The 10-year yield was just off its open a week prior, after rising on Friday following the employment report.
Gold prices edged lower on Monday as increasing expectations that the U.S. Federal Reserve will not aggressively cut interest rates later this month boosted the dollar, making gold expensive for holders of other currencies.
Spot gold fell 0.37 % to $1,394.25 per ounce at (2026 GMT). U.S. gold futures settled at $1,400 per ounce.
Oil prices steadied on Monday as tensions over Iran’s nuclear program countered concerns about whether slowing global economic growth would hit oil demand.
Brent crude futures fell 12 cents to settle at $64.11 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 15 cents to settle at $57.66 a barrel.