Asia Roundup: Aussie gains on upbeat retail sales, greenback eases as soft U.S. service sector data fans recession worries, Asian shares surge - Friday, October 4th, 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
America's Roundup: Dollar dips after U.S. manufacturing data hits 10-year low, Wall Street tumbles, Gold bounces off from two-month lows, Oil prices sink as weak US economic data dims demand outlook-October 2nd 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: Antipodeans consolidate near multi-year lows on monetary easing concerns, greenback declines as weak U.S. data reinforce economic slowdown fears, Asian shares tumble - Wednesday, October 2nd, 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: 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 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
Asia Roundup: Aussie slumps as RBA cuts rates to record low, Kiwi at 4-year trough as downbeat business confidence data stoke monetary easing expectations, Asian shares rally amid holiday-thinned trading - Tuesday, October 1st, 2019
Asia Roundup: Aussie treads water amid further monetary easing concerns, dollar at 1-week low against yen as weak U.S. data fuels global slowdown worries, Asian shares plunge to 1-month trough - Thursday, October 3rd, 2019
Europe Roundup: Euro near 2-1/2 year low as EZ inflation slows, greenback rallies as robust U.S. economic data scale back Fed rate cut expectations, investors eye U.S. manufacturing PMI - Tuesday, October 1st, 2019
Europe Roundup: Sterling eases ahead of PM Johnson's final EU Brexit offer, euro declines on ECB Draghi's comments, European shares tumble - Wednesday, October 2nd, 2019
Asia Roundup: Antipodeans rally on U.S.-China trade talks hopes, greenback at multi-week lows as soft CPI figures support Fed rate cut speculation, investors eye EBC Draghi’s speech - Friday, October 11th, 2019
Europe Roundup: Sterling at 3-month peak on Brexit deal hopes, dollar rallies against yen as investors eye U.S.-China trade talk outcome, European shares surge - Friday, October 11th, 2019
Asia Roundup: Yen eases as investors eye U.S.-China trade talks, greenback steadies on Fed Chair Powell's comments, Asian shares tumble - Wednesday, October 9th, 2019
America’s Roundup: Dollar gains as Fed cuts rates, but easing outlook uncertain, Wall Street sinks, Gold slides 1%,Oil prices extend losses after Saudi pledge to restore lost output-September 19th,2019
• U.S Fed cuts rates, but gives uncertain outlook
• Oil stabilise as Saudi says has restored supply
• Dollar holds near 7-week high vs yen after Fed decision
• U.S Aug Building Permits (MoM) 7.7%,8.4% previous
• U.S Aug Building Permits1.419M, 1.310M forecast, 1.317M previous
• Canada Common CPI (YoY) 1.8% , 1.9% forecast 1.9% previous
• Canada Aug Core CPI (YoY) 1.9%,2.2% forecast, 2.0% previous
• Canada Aug Core CPI (MoM) -0.1%.0.3% previous
• Canada Aug CPI (MoM) -0.1%,-0.2% forecast,0.5% previous
• Russian Aug Real Wage Growth (YoY) 3.0%, 3.0% forecast, 3.0% previous
• Russian Aug Retail Sales (YoY) 0.8%, 0.8% forecast, 1.1% previous
• Russian Aug Unemployment Rate 4.3%, 4.4% forecast, 4.5% previous
• U.S Fed Interest Rate Decision 2.00%, 2.00% forecast, 2.25% previous
Looking Ahead - Economic Data (GMT)
• 22:45 New Zealand GDP (QoQ) (Q2) 0.4% forecast,0.6% previous
• 22:45 New Zealand GDP (YoY) (Q2) 2.0% forecast, 2.5% previous
• 01:30 Australia Aug Employment Change 10.0K forecast, 41.1K previous
• 01:30 Australia Aug Full Employment Change 34.5K previous
• 01:30 Australia Aug Participation Rate 66.1% forecast, 66.1% previous
• 01:30 Australia Aug Unemployment Rate 5.3% forecast, 5.2% previous
• 03:00 Japan BoJ Interest Rate Decision -0.10% forecast,-0.10% previous
Looking Ahead - Events, Other Releases (GMT)
• TBC Japan BoJ Monetary Policy Statement
EUR/USD: The euro dipped against the greenback on Wednesday, as the Federal Reserve cut interest rates by a quarter of a percentage point, as expected, but gave an uncertain outlook on future easing . In cutting interest rates by 25 basis points for the second time this year, the Fed gave a nod to ongoing global risks and "weakened" business investment and exports. But new projections showed policymakers at the median expected rates to stay within the new range through 2020. However, in a sign of ongoing divisions within the Fed, seven of 17 policymakers projected one more quarter-point rate cut in 2019.The euro was down 0.01percent at $1.1028. An index that tracks the dollar versus a basket of six major currencies was down 0.38 at 98.58. Immediate resistance can be seen at 1.1072 (Daily High), an upside break can trigger rise towards 1.1130 (Higher Bollinger Band).On the downside, immediate support is seen at 1.000 (Psychological level),a break below could take the pair towards 1.095 (lower BB).
GBP/USD: Sterling edged lower against dollar on Wednesday, after British prices in August grew at their slowest pace since late 2016, while concerns about whether a last-minute Brexit deal was achievable also weighed on the currency. Prices of goods and services paid by consumers rose at an annual rate of 1.7% in August after a 2.1% increase in July, official data showed. The lower-than-forecast rate will be a welcome boost for British consumers and comes ahead of the Bank of England's monetary policy meeting on Thursday. The BoE targets a 2% inflation rate. The pound, which hit as low as $1.2439 after the inflation data, was last down 0.1% at $1.2475. Immediate resistance can be seen at 1.2556 (Higher BB), an upside break can trigger rise towards 1.2600 (Psychological level).On the downside, immediate support is seen at 1.2439 (5 DMA), a break below could take the pair towards 1.2393 (9 DMA).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Wednesday, as data showing a slight slowdown in domestic inflation failed to move the needle on Bank of Canada interest rate expectations. Canada’s annual inflation rate dipped to 1.9% in August from 2.0% in July on lower gasoline prices, while the average of the Bank of Canada's three preferred measures of core inflation was little changed at 2.0%, data from Statistics Canada showed. The price of oil, one of Canada's major exports, extended the previous day's decline after Saudi Arabia said it would quickly restore full production following last weekend's attacks on its facilities. Immediate resistance can be seen at 1.3252 (21 DMA), an upside break can trigger rise towards 1.3300 (Psychological level).On the downside, immediate support is seen at 1.3257 (5 DMA), a break below could take the pair towards 1.3219 (11 DMA).
USD/JPY: The U.S. dollar rose to hit seven-week high against the yen on Wednesday, after Fed delivered a widely expected interest rate cut aimed at sustaining a record-long economic expansion, but gave few hints of whether or when it could reduce borrowing costs further. The U.S. economic outlook is “favorable,” with labor markets strong and inflation likely to return to the Fed’s 2% inflation goal, Fed Chair Jerome Powell said in a news conference after the decision was announced. In a hint that the Fed may soon take bigger steps, Powell acknowledged that strains in funding markets had been bigger than expected, and he said the central bank may need to resume increases to the Fed’s balance sheet “earlier” than previously thought. Strong resistance can be seen at 108.54 (Higher BB), an upside break can trigger rise towards 109.00 (Psychological level).On the downside, immediate support is seen at 107.80 (9 DMA), a break below could take the pair towards 106 .82 (21 DMA).
European shares ended flat on Wednesday, as gains for the defensive real estate and utilities sectors were countered by losses in luxury good makers, with caution prevailing ahead of the U.S. Federal Reserve’s interest rate decision.
The UK's benchmark FTSE 100 closed down by 0.09 percent, Germany's Dax ended up by 0.14 percent, and France’s CAC finished the up by 0.09 percent.
Wall Street sank on Wednesday when Federal Reserve policy makers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
Dow Jones closed up by 0.13 percent, S&P 500 ended up 0.03 percent, Nasdaq finished the day down by 0.11 percent.
The U.S. Treasury yield curve flattened as Powell spoke, with the 2-year gaining ground against the benchmark 10-year.
Benchmark 10-year notes last rose 6/32 in price to yield 1.7944%, from 1.814% late on Tuesday. The 30-year bond last rose 27/32 in price to yield 2.2413%, from 2.28% late on Tuesday.
Gold prices fell over 1% to a one-week low on Wednesday, pulled down by a lack of clarity on future monetary policy decisions after a widely anticipated interest rate cut by the U.S. Federal Reserve.
Spot gold dropped to $1,487.35 per ounce at 02:50 p.m. EDT (1850 GMT). U.S. gold futures settled up over $2, or 0.2%, at $1,515.80.
Oil prices retreated about 2% on Wednesday, extending the previous day’s declines after Saudi Arabia said it would quickly restore full production following last weekend’s attacks on its facilities and as U.S. crude stockpiles rose unexpectedly.
Brent crude oil futures ended the session down 95 cents, or 1.5%, at $63.60 a barrel while U.S. West Texas Intermediate (WTI) crude CLc1 futures settled $1.23, or 2.1% lower, at $58.11.