America’s Roundup: Dollar dips as market recovers from weak U.S. jobs data,Wall Street drops, Gold eases, Oil prices edge up off three-month lows, but demand concerns persist-September 12th,2020
Asia Roundup: Aussie declines as consumer inflation expectations ease, euro rebounds on improving economic outlook hopes, investors eye ECB policy decision - Thursday, September 10th. 2020
Europe Roundup: Sterling falls to 6-week low vs dollar, European shares inch higher, Gold falls, Oil prices reverse some losses but demand concerns persist-September 9th,2020
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 2020
America’s Roundup: Dollar falls against the yen,Wall Street ends lower,Gold rises, Oil flat as Libya developments counter OPEC+ boost-September 19th,2020
Asia Roundup: Antipodeans halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 2020
Europe Roundup: Euro edge down ahead of U.S. jobs data, European shares gain, Gold gains, Oil holds above $44, heads for weekly drop on demand concerns-September 4th,2020
Europe Roundup: Euro gains as soft U.S. data, uncertainty darken outlook, European share dips, Gold rises, Oil prices mixed as OPEC boost countered by Libyan developments-September 18th,2020
Europe Roundup: Euro gains on weaker dollar, all eyes on Fed meeting, European stocks gain, Gold rises, Oil slips as demand concerns rise, Libya output looms-September 14th,2020
America’s Roundup: Dollar gains after Fed upgrades economic outlook, Wall Street ends mixed, Gold gains,Oil up more than 4% as U.S. stockpiles fall, hurricane hits output-September 17th,2020
Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,2020
Europe Roundup: Euro firms as ECB policymakers calm worries,European shares flat, Gold slips, Oil falls on U.S. market slide, surprise inventories rise-Sep 11th,2020
America’s Roundup: Dollar dips dovish U.S. Fed policy bets,Wall Street climbs,Gold gains, Oil edges lower, shrugging off Gulf of Mexico shut-ins-September 16th,2020
America’s Roundup: U.S. dollar skids from four-week high, Wall Street bounces, Gold firms, Oil prices edge up off three-month lows; demand concerns persist-September 10th,2020
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 2020
Asia Roundup: Kiwi retreats from 2-week low as business confidence improves, Aussie rebounds as consumer sentiment rises, Asian shares plunge on tech selloff - Wednesday, September 9th, 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
• US Feb Pending Home Sales (MoM) 2.4%, -1.0% forecast, 5.2% previous
• US Feb Pending Home Sales Index111.5, 108.8 previous
• US March Dallas Fed Mfg Business Index-70.0, 6.2 forecast, 1.2 previous
Looking Ahead - Economic Data (GMT)
•21:45 New Zealand Feb Building Consents (MoM) 1.0% forecast,-2.0% previous
• 23:01 UK March GfK Consumer Confidence -15 forecast, -7 previous
•23:30 Japan Feb Jobs/applications ratio 2.4% forecast, 2.4% previous
• 23:30 Japan Feb Industrial Production (MoM) 0.1% forecast,1.0% previous
•23:30 Japan March Industrial Production forecast 1m ahead (MoM) 5.3% previous
• 23:30 Japan Feb Retail Sales (YoY) -1.2% forecast,-0.4% previous
• 00:00 Australia HIA New Home Sales (MoM) -1.9% forecast, 5.7% previous
• 00:00 New Zealand March ANZ Business Confidence -24.1 forecast , -19.4 previous
• 00:30 Australia Feb Private Sector Credit (MoM) 0.2%,0.4% previous
• 01:30 China March Chinese Composite PMI 28.9 previous
•01:30 China March Manufacturing PMI 45.0 forecast, 35.7 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro dipped against dollar on Monday as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty. The euro, sterling and Aussie dollar were all down 0.6 % to 1% in London trading, bringing an end to recent rebounds that followed the Federal Reserve’s efforts to calm the rush to own the U.S. currency earlier this month. Concern about the spreading coronavirus and the economic impact of shutdowns continued to dominate foreign exchange markets, but price moves on Monday were relatively well-contained and much smaller than in recent sessions. Immediate resistance can be seen at 1.1152 (38.2% fib), an upside break can trigger rise towards 1.1280 (23.6% fib).On the downside, immediate support is seen at 1.0949 (61.8% fib), a break below could take the pair towards 1.0900 (Psychological level).
GBP/USD: Sterling edged lower against the dollar on Monday, as the greenback reasserted itself as a safe haven for investors amid the coronavirus pandemic and Britain’s economic outlook took another hit in the face of a credit ratings downgrade. The pound rose nearly 7 percent against the dollar last week as measures to inject liquidity into markets by the U.S. Federal Reserve and a $2 trillion stimulus bill passed by the U.S Congress cooled demand for the U.S. currency as a safe haven. Immediate resistance can be seen at 1.2522 (38.2% fib), an upside break can trigger rise towards 1.2600 (Psychological level).On the downside, immediate support is seen at 1.2305 (50 % fib), a break below could take the pair towards 1.2095 (61.8 %fib).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Monday as the price of oil fell and the greenback climbed against a basket of major currencies, with the loonie giving up some of the previous week's sharp gains. U.S. crude oil futures on Monday were down 6% at $20.21 a barrel, while the U.S. dollar snapped a week of declines as investors braced for prolonged uncertainty and governments tightened lockdowns to fight the coronavirus. Immediate resistance can be seen at 1.4170 (5 DMA), an upside break can trigger rise towards 1.4253 (11 DMA).On the downside, immediate support is seen at 1.4000 (Psychological level), a break below could take the pair towards 1.4943 (21 DMA).
USD/JPY: The dollar declined against the Japanese yen Monday as recession fears grew across the world as the coronavirus continued to spread across the world. Total deaths are nearly 34,000 and the United States has emerged as the latest epicentre, with more than 137,000 cases and 2,400 deaths. Lockdowns are toughening worldwide and U.S. President Donald Trump, who had talked about reopening the economy for Easter, on Sunday extended guidelines for social restrictions to April 30. Strong resistance can be seen at 108.69(61.8% fib), an upside break can trigger rise towards 109.35 (61.8%fib).On the downside, immediate support is seen at 107.07 (23.6 % fib), a break below could take the pair towards 106.69 (18th March low ).
European stocks closed higher on Monday after last-minute gains, with buying focused largely on defensive sectors amid plummeting oil prices and continued anxiety over the coronavirus.
UK's benchmark FTSE 100 closed up by 0.97percent, Germany's Dax ended up by 1.90 percent, France’s CAC finished the day up by 0.62 percent.
Wall Street rose on Monday as President Donald Trump followed last week’s massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors hopeful that the economic impact of the coronavirus could still be contained.
Dow Jones closed up by 3.19 percent, S&P 500 ended down at 3.35 percent, Nasdaq finished the day up by 3.62 percent.
U.S. Treasury yields were mostly lower but steady on Monday morning after U.S. President Donald Trump extended stay-at-home guidelines to battle the worsening coronavirus pandemic.
The benchmark 10-year yield was down 12 basis points in morning trading at 0.6243%, with most of the decline taking place overnight.
Gold prices inched up on Monday after an extension of restrictions in the United States exacerbated concerns about the economic toll of the coronavirus pandemic, driving investors to safe-haven assets.
Spot gold rose 0.1% at $1,618 an ounce by 2:37 p.m. EDT (1837 GMT). U.S. gold futures settled 0.2% lower to $1,622 an ounce.
Oil took another eyewatering 8% tumble on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months.
Brent futures were down 8%, or $2, at $22.50 a barrel their lowest for 18 years. U.S. West Texas Intermediate (WTI) crude futures fell as far as $19.92, near a 2002 low hit this month.