Asia Roundup: Aussie at 1-week peak on more stimulus hopes, greenback rebounds from recent lows as panic selling eases, Asian shares surge - Friday, March 27th, 2020
Europe Roundup: Euro jumps on dollar weakness, European shares turns choppy, Gold falls, Oil prices fall as demand woes eclipse U.S. stimulus-March 25th,2020
America’s Roundup: Dollar retains advantage amid coronavirus crisis, Wall Street slides, Gold surges 2%, Oil edges higher, U.S. gasoline slumps over 30% on sinking demand-March 24th,2020
Asia Roundup: Antipodeans near 1-week peak, dollar steadies against yen as investors wait U.S. stimulus bill, Asian shares rally - Wednesday, March 25th, 2020
Europe Roundup: Euro dips against dollar as German manufacturing output sinks in March , European stocks slide, Gold surges ,Oil market slammed again by supply glut and weak demand-April 1st 2020
America’s Roundup: Dollar gains as investors seek shelter amid pandemic crisis, Wall Street gains, Gold rises, Brent hits 18-year low, U.S. crude dips below $20/bbl-March 31st,2020
America’s Roundup: U.S. dollar rises as global slump looms, Wall Street sinks, Gold gains, Oil falls after U.S. crude stockpiles jump and gasoline demand slumps-April 1st,2020
America’s Roundup: Dollar gains for second day, shrugs off record U.S. jobless claims, Wall Street rallies, Gold gains, Oil soars after Trump says Saudis and Russians to cut output-April 3rd ,2020
Asia Roundup: Aussie hits 2-week peak as Chinese manufacturing activity expands, gold eases as dollar strengthens, shares surge, investors eye EZ prelim CPI - Tuesday, March 31st, 2020
Europe Roundup: Sterling gains as traders shun safe-haven dollar, European shares dip, Gold slips, Oil falls as demands fears outweigh stimulus efforts-March 27th,2020
Asia Roundup: Aussie slumps despite additional stimulus announcement, yen rebounds amid worsening coronavirus crisis, Asian shares tumble - Monday, March 23rd, 2020
Asia Roundup: Aussie eases despite better-than-expected retail sales, greenback near 1-week peak as U.S. non-farm payrolls loom, Asian shares steady - Friday, April 3rd, 2020
America’s Roundup: Euro falls against dollar as recession fears grow,European shares gain, Gold dips over 2%, Oil price bounces off 18-year lows-March 31st,2020
Europe Roundup: Euro gains as ECB removes barriers in crisis fighting purchases, European stocks drop, Gold dips, Oil falls as sinking demand outweighs stimulus hopes-March 26th,2020
Asia Roundup: Dollar holds gains as investors eye U.S. unemployment data, Asian shares plunge as coronavirus roils global economy - Thursday, April 2nd, 2020
America’s Roundup: Dollar edges higher as investors wait on fiscal stimulus,Wall Street surges, Gold gains, Oil little changed as falling demand offsets hopes of U.S. aid package-March 25th,2020
America’s Roundup: Dollar gains against euro on virus concerns, economic outlook, Wall Street ends higher, Gold hits one-week high, Oil drops to 13-month low-February 11th,2020
• US Jan CB Employment Trends Index 110.20, 108.80 previous
• US 3-Month Bill Auction 1.550%,1.550% previous
• US 6-Month Bill Auction 1.510%,1.520% previous
Looking Ahead - Economic Data (GMT)
• 00:30 Australia Home Loans (MoM) 1.8% previous
• 00:30 Australia Invest Housing Finance 2.2% previous
• 00:30 Australia Jan NAB Business Survey, 3 previous
Looking Ahead - Economic Data (GMT)
• 14:00 ECB President Lagarde Speaks
EUR/USD: The euro declined against the U.S. dollar on Monday, as bullish outlook for the U.S. economy and weak data in the eurozone made the greenback more attractive than the single currency. Strong economic data in the United States made the greenback more attractive. Data on Friday showed that U.S. job growth accelerated in January. By contrast, German industrial output recorded its biggest fall in December since the recession-hit year of 2009, data on Friday showed. Data on Monday also revealed that Italian industrial output was much weaker than expected in December.The euro was down 0.02 percent at $1.1138. Immediate resistance can be seen at 1.0949 (5 DMA), an upside break can trigger rise towards 1.1015 (11 DMA).On the downside, immediate support is seen at 1.0900 (Psychological level), a break below could take the pair towards 1.0876 (Oct 1st low).
GBP/USD: Sterling pulled back from 2-1/2 month lows against dollar on Monday, as investors priced in the risk of Britain failing to agree a trade deal with the European Union in the 11 months left of the Brexit transition period. Having dipped in early Monday trade to a 2-1/2 month low of $1.2873, sterling rebounded to as much as $1.2946 before inching down again to $1.2919 by 1700 GMT, a quarter percent firmer on the day. The pound was 0.6% stronger against the euro at 84.48 pence .. Immediate resistance can be seen at 1.2950 (5 DMA), an upside break can trigger rise towards 1.3001 (11 DMA).On the downside, immediate support is seen at 1.2862 (Daily low), a break below could take the pair towards 1.2800 (Psychological level).
USD/CAD: The Canadian dollar declined to a four-month low against its U.S. counterpart on Monday as worries that the coronavirus outbreak would slow global economic growth overshadowed stronger-than-expected domestic housing data.Global shares sank as the death toll from a coronavirus outbreak exceeded that of the SARS epidemic of two decades ago. Canada is a major producer of commodities, including oil, so its economy could be hurt by a slowdown in global growth At (1446 GMT), the Canadian dollar was trading 0.1% lower at 1.3321 to the greenback .Immediate resistance can be seen at 1.3330 (Saily high), an upside break can trigger rise towards 1.3346 (Oct 10th high).On the downside, immediate support is seen at 1.3301 (5 DMA), a break below could take the pair towards 1.3261 (11 DMA).
USD/JPY: The dollar strengthened against the Japanese yen on Monday, as investors remained on side-lines as the death toll from a coronavirus outbreak exceeded the SARS epidemic of two decades ago. Investors continued to monitor the advance of the virus, which had killed more than 900 people as of Sunday, mostly in China’s provincial capital of Wuhan, the epicenter of the outbreak.The full economic impact of the virus is still unknown but is expected to exacerbate a slowdown in the Chinese economy. Strong resistance can be seen at 110.02 (7th Feb high), an upside break can trigger rise towards 110.58 (Higher BB).On the downside, immediate support is seen at 109.38 (9 DMA), a break below could take the pair towards 109.00 (Psychological level).
Deal talks and a rally in defensive sectors supported European shares on Monday as investors grappled with the potential impact of the coronavirus, while Irish stocks were hit by a strong showing for the left-wing Sinn Fein in a national election.
UK's benchmark FTSE 100 closed down by 0.27 percent, Germany's Dax ended down by 0.15 percent, France’s CAC finished the day down by 0.23 percent.
Wall Street resumed its rally from last week, with the Nasdaq hitting a record high on Monday, as a recent batch of strong domestic economic data and largely upbeat earnings overshadowed fears about the impact of the coronavirus epidemic on global growth.
Dow Jones closed up by 0.60 percent, S&P 500 ended up by 0.73 percent, Nasdaq finished the down up by 1.13 percent.
Continued demand for safe-haven assets from investors nervous about the economic damage caused by the coronavirus outbreak drove yields lower on Monday, inverting one measure of the yield curve.
The spread between yields of three-month and 10-year Treasuries was at minus 1.21 basis points in afternoon trade, having inverted earlier in the day. The spread was below zero for several days last week.
Gold rose to its highest in one week on Monday as the death toll from the coronavirus outbreak rose further and investors sought safe havens from the economic impact.
Spot gold was up 0.3% at $1,574.44 per ounce by 11:33 a.m. EST (1633 GMT). Its session high was the highest since Feb. 4 at $1,576.21. U.S. gold futures were 0.3% higher at $1,577.90.
Oil prices fell to their lowest level since December 2018 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
Brent futures fell $1.20, or 2.2%, to settle at $53.27 a barrel, their lowest close since Dec. 28, 2018, while U.S. West Texas Intermediate crude fell 75 cents, or 1.5%, to settle at $49.57, the lowest close since Jan. 7, 2019.