America’s Roundup: Dollar dips amid doubts about U.S. stimulus, Wall Street gains, Gold hits highest since 2011, Oil falls as U.S. posts surprise rise in crude inventories-July 23rd 2020
Asia Roundup: Yen rallies to over 4-month peak as coronavirus outbreak worsens, gold at all-time high amid U.S.-China tensions, investors eye German IFO Survey - Monday, July 27th, 2020
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,2020
America’s Roundup: Dollar falls to two-year low, Wall Street rises, Gold hits record high, Oil rises on hopes for U.S. stimulus measure-July 28th,2020
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
Asia Roundup: Dollar steadies near 2-year low as investors turn to Congress for stimulus, Asian shares surge, markets await EZ economic data - Thursday, July 30th, 2020
Europe Roundup: Euro hits new four-month high against dollar, European stock index gain, Gold rises to nine-year peak, Oil prices up at levels last seen in March on vaccine hopes-July 21st,2020
America’s Roundup: Dollar slides as Trump's election tweet rattle markets,Wall Street falls ,Gold retreats, Oil down nearly 4% as virus surge weighs on demand outlook-July 31st,2020
Europe Roundup: Euro down from four-month high ,European stocks slip, Gold firms as virus woes bolster demand, Oil falls as virus infections rise, eyes on EU recovery plan-July 20th,2020
Asia Roundup: Aussie gains on upbeat retail sales, greenback slumps amid U.S. stimulus doubts, Asian shares surge - Wednesday, July 22nd, 2020
America’s Roundup: Dollar heads for steepest monthly drop in decade, Wall Street gains, Gold rises, Oil posts monthly gains as U.S. reports record output cuts in May-August 1st,2020
Europe Roundup: Euro hits 18-month high against dollar, European stocks dips ,Gold hits highest since 2011 on stimulus bets, Oil falls as inventories rise, U.S.-Chinese tensions escalate-July 22nd 2020
America’s Roundup: Dollar falls to 4-month lows vs yen, Wall Street closes lower, Gold smashes $1,900 barrier , Oil up on strong economic data, U.S.-China tensions cap gains-July 25th,2020
Europe Roundup: Euro gains as dollar breaks down,European stocks dips, Gold gains, Oil prices edges up on weak dollar, U.S.-China tensions-July 24th,2020
Europe Roundup: Euro firm on EU fund deal, European shares gains,Gold hits nine-year high, Oil eases as high U.S. oil stocks outweigh weak dollar-July 23rd 2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
America’s Roundup: Dollar gains as virus concerns dents risk appetite, Wall Street ends higher ,Gold steadies, Oil prices climb as U.S. economic data lends support-June 26th,2020
• Virus surges in U.S., new restrictions considered
• Dollar stronger in FX markets
• Brent slips back under $40 a barrel
• Disney shares slipped as it delayed reopening theme parks
• Apple announces closing of 14 stores in Florida due to virus
• US May Core Durable Goods Orders (MoM) 4.0%, 2.5% forecast, -7.7% previous
• US May Goods Trade Balance -74.34B, -70.73B previous
• US Corporate Profits (QoQ) (Q1) -12.4%,-14.2% previous
• US Wholesale Inventories (MoM) -1.2% , 0.3% previous
• US Initial Jobless Claims 1,480K,1,300K forecast, 1,508K previous
• US Continuing Jobless Claims 19,522K, 19,968K forecast, 20,544K previous
• US Jobless Claims 4-Week Avg 1,620.75K, 1,773.50K previous
• US May Durables Excluding Defense (MoM) 15.5%, -16.6% previous
• US May Retail Inventories Ex Auto -1.5%, -1.1% previous
• US May Goods Orders Non Defense Ex Air (MoM) 2.3%, 1.0% forecast, -6.1% previous
• US May Durable Goods Orders (MoM) 15.8%, 10.9% forecast,-17.7% previous
• US GDP Price Index (QoQ) (Q1) 1.6%, 1.4% forecast, 1.4% previous
• US Core PCE Prices (Q1) 1.70%, 1.60% forecast, 1.60% previous
• US PCE Prices (Q1) 1.3%, 1.3% previous
• US GDP Sales (Q1) -3.5%, -3.7% previous
• US Real Consumer Spending (Q1) -6.8%,-6.8% previous
• US GDP (QoQ) (Q1) -5.0%,-5.0% forecast, 2.1% previous
• Russia Central Bank reserves (USD) 567.8B,570.8B previous
• US June KC Fed Composite Index 1, -19 previous
• US June KC Fed Manufacturing Index 2,-25 previous
Looking Ahead – Economic data (GMT)
• 23:50 Japan June CPI Tokyo Ex Food and Energy (MoM) 0.1% previous
• 23:50 Japan June Tokyo Core CPI (YoY) 0.2% forecast, 0.2% previous
• 23:50 Japan June Tokyo CPI (YoY) 0.4% previous
EUR/USD: The euro declined against dollar on Thursday on safety buying of greenback increased as fears grew over a rapid rise in coronavirus infections in some U.S. states and as trade tensions between the United States and the European Union increased. The governors of New York, New Jersey and Connecticut on Wednesday ordered travelers from eight other U.S. states to be quarantined for two weeks on arrival, as COVID-19 infections asurged in regions spared the brunt of the initial outbreak. Immediate resistance can be seen at 1.1254 (23.6% fib), an upside break can trigger rise towards 1.1349 (23rd June high).On the downside, immediate support is seen at 1.1151 (30 DMA), a break below could take the pair towards 1.1122 (38.2% fib).
GBP/USD: Sterling gained against dollar on Thursday as traders bought back into the currency following its recent run lower, although worries about a second wave of COVID-19 infections and negotiations over a Brexit deal kept the rebound in check. Analysts said there was no specific new development that pushed the pound higher, but with European equities steadying after earlier falls and some calm returning to markets, sterling was able to claw its way upwards. The British currency was last up 0.3% at $1.2418 against a dollar. Before a sharp drop on Wednesday, the pound had traded around $1.254. Immediate resistance can be seen at 1.2521 (38.2% fib), an upside break can trigger rise towards 1.2543 (14 DMA).On the downside, immediate support is seen at 1.2313 (50% fib), a break below could take the pair towards 1.2245 (Lower BB).
USD/CAD: The Canadian dollar slipped to a 10-day low against its U.S. counterpart on Thursday, as investors digested the loss of one of Canada's triple-A ratings and worried that a rise in American coronavirus cases could slow economic recovery. Fitch on Wednesday cut Canada's rating to "AA+" from "AAA," making it the first time since August 2004 that the ratings agency did not give Canada top marks. Canada had been one of a handful of countries with a AAA rating from all three of the main agencies. The Canadian dollar was trading 0.1% lower at 1.3650 to the greenback. The currency touched its weakest intraday level since June 15 at 1.3670. Immediate resistance can be seen at 1.3703 (Higher BB), an upside break can trigger rise towards 1.3737 (50 %fib).On the downside, immediate support is seen at 1.3625 (38.2%fib), a break below could take the pair towards 1.3559 (14DMA).
USD/JPY: The dollar edged lower against the Japanese yen on Thursday as a surge in U.S. coronavirus cases and an IMF warning of an almost 5% plunge in the global economy increased safe haven demand. In the United States, Florida, Oklahoma and South Carolina reported record increases in new cases on Wednesday and Australia posted its biggest daily rise in two months.The governors of New York, New Jersey and Connecticut ordered travellers from eight other states to quarantine on arrival, a worry for investors who had mostly been expecting an end to pandemic restrictions. Strong resistance can be seen at 107.38 (50 DMA), an upside break can trigger rise towards 108.12 (38.2% fib).On the downside, immediate support is seen at 106.71 (61.8% fib), a break below could take the pair towards 106.00 (Psychological level).
European stocks closed higher on Thursday, as improving economic data and more support from the European Central Bank helped lift sentiment, while shares in Germany’s Lufthansa jumped after a top shareholder backed a government bailout.
UK's benchmark FTSE 100 closed down up at 0.38 percent, Germany's Dax settled up by 0.69 percent, France’s CAC finished the day up by 0.97 percent.
Wall Street’s main indexes closed higher in choppy trading on Thursday, with bank stocks soaring ahead of annual stress test results and helping to offset investor jitters over alarming increases in new coronavirus cases.
Dow Jones closed up by 1.18 percent, S&P 500 ended up by 1.18 percent, Nasdaq ended up by 1.09 % percent.
U.S. Treasury yields fell on Thursday as traders bought safe-haven assets while the COVID-19 pandemic continued to spread and layoffs stayed high.
The benchmark 10-year yield was down 2.5 basis points at 0.6593%.
Gold prices drifted sideways on Thursday as a surge in coronavirus cases and mounting economic tolls kept investors on edge, though the metal stepped back from last session's more than 7-1/2-year high.
Spot gold was little changed at $1,762.11 per ounce as of 2 p.m. ET (1800 GMT), after hitting its highest level since October 2012 at $1,779.06 on Wednesday. U.S. gold futures settled 0.3% lower at $1,770.60.
Oil prices rose about 2% in a volatile session on Thursday, buoyed by signs of a marginal improvement in the U.S. economy and a tepid rise in fuel demand, but price gains were limited by rising cases of COVID-19 in some U.S. states.
Brent crude rose 74 cents, or 1.8%, to settle at $41.05 a barrel. U.S. West Texas Intermediate (WTI) crude ended the session up 71 cents, or 1.9%, at $38.72.