Europe Roundup: Euro dips coronavirus outbreak’s pace sparks new fears, European shares slump, Gold jumps over 2%, Oil prices drop 4%-February 24th,2020
Asia Roundup: Aussie rebounds on upbeat wage data, euro slumps on weak economic outlook, greenback near 4-1/2 month peak as investors eye FMOC minutes - Wednesday, February 19th, 2020
America’s Roundup: Dollar index hits highest since May 2017, Wall Street drops, Gold climbs to 7-year high, Oil prices rise as U.S. crude stocks build less than expected-February 21st,2020
America’s Roundup: U.S. dollar falls as Fed rate cut expectations rise,Wall Street deepens losses, Gold retreats, Oil slips as virus fears outweigh supply cuts-February 26th,2020
Asia Roundup: Aussie near 11-year low, gold rallies as epidemic fears hit risk appetite, Asian shares plunge - Wednesday, February 26th, 2020
Europe Roundup: Euro drops against dollar after bleak German investor survey,European shares slump, Gold rises, Oil drops below $57 on coronavirus impact and OPEC+ delay-February 18th,2020
Asia Roundup: Antipodeans ease as virus spreads globally, Japanese yen rallies as virus concern spurs safe-haven demand, Asian shares decline - Monday, February 24th, 2020
America’s Roundup: Dollar climbs as weak German data dents euro, Wall Street falls, Gold hits 1-month peak, Oil falls nearly 1% on virus impact-February 19th,2020
America’s Roundup: Dollar index at near three-year high as yen sinks on stronger risk appetite ,Wall Street rise, Gold gains, Oil up on slowing pace of coronavirus, Venezuela sanctions-February 20th,2020
America’s Roundup: Dollar dips on virus concerns and consumer data, Wall Street dips, Gold eases, Oil prices rise more than 1%, on course for weekly gain-February 15th,2020
America’s Roundup: Dollar slips as U.S. data disappoints, Gold surges 1.5%, Oil retreats in face of renewed coronavirus uncertainties-February 22nd, 2020
Asia Roundup: Aussie near 11-year low as jobs data disappoint, greenback rallies to multi-year peak on stronger risk appetite, Asian shares surge - Thursday, February 20th, 2020
Asia Roundup: Antipodeans ease amid virus scare, euro near 3-year lows on weak growth outlook, investors eye EZ prelim GDP figures - Friday, February 14th, 2020
Europe Roundup: Sterling rises higher on reassuring UK factory data, European shares fall, Gold at seven-year high, Oil falls 1%-February 21st,2020
Europe Roundup:Sterling weakens on rate-cut expectations, European shares fall,Gold gains, U.S. crude drops below $50-February 26th,2020
Asia Roundup: Antipodeans slump as persistent virus fears dampen China stimulus, greenback near 3-year peak on upbeat economic data, Euro consolidates ahead of CPI data - Friday, February 21st, 2020
America’s Roundup: Dollar gains on U.S. economic optimism, Wall Street hits new high,Gold edges higher, Oil steadies as Chinese economy offsets trade optimism-January 18th,2020
• US Dec Building Permits (MoM) -3.9%, 0.9% previous
• US Dec Building Permits 1.416M, 1.468M forecast, 1.474M previous
• US Dec Housing Starts (MoM) 16.9%,2.6% previous
• US Dec Housing Starts 1.608M, 1.375M forecast, 1.375M previous
• Canada Nov Foreign Securities Purchases -1.75B, 11.31B previous
• Canada Nov Foreign Securities Purchases by Canadians 5.55B, 2.03B previous
• US Dec Capacity Utilization Rate 77.0%,77.1% forecast, 77.4% previous
• US Dec Industrial Production (MoM) -0.3%,-0.2% forecast 0.8% previous
• US Dec Industrial Production (YoY) -1.01%,-0.68% previous
• US Nov JOLTs Job Openings, 7.233M forecast, 7.361M
• US Jan Michigan 5-Year Inflation Expectations 2.50%,2.20% previous
• US Jan Michigan Consumer Sentiment 99.1, 115.0 forecast, 115.5 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against the U.S. dollar on Friday, as economic data pointed to solid economic growth, and reduced fears about an impending slowdown. U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates.It comes after data on Thursday showed that U.S. retail sales increased for a third straight month in December, while a gauge of manufacturing activity in the U.S. Mid-Atlantic region rebounded in January to its highest level in eight months. The euro was last down 0.32% at $1.1099. Immediate resistance can be seen at 1.1138 (21 DMA), an upside break can trigger rise towards 1.1200 (Psychological level).On the downside, immediate support is seen at 1.1084 (Daily low), a break below could take the pair towards 1.1057 (Lower BB).
GBP/USD: Sterling declined against dollar on Friday, as weaker than expected UK retail sales data weighed on sterling. British consumers failed to increase their spending for a record fifth month in a row in December, adding to signs of economic weakening that might prompt the Bank of England to cut interest rates this month. Data on Friday showed sales volumes fell by 0.6% from November, defying the median forecast for a rise of 0.5%. The pound was down 0.49% against the dollar, at $1.3014 , the lowest level since Dec. 27. Immediate resistance can be seen at 1.3102 (5 DMA), an upside break can trigger rise towards 1.3331 (Higher BB).On the downside, immediate support is seen at 1.3000 (Psychological level), a break below could take the pair towards 1.2905 (Lower BB).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Friday, extending its recent holding pattern as the greenback broadly rose and investors awaited an interest rate decision next week from the Bank of Canada. The central bank is expected to leave its benchmark interest rate on hold at 1.75% next Wednesday, when it will also update its economic outlook. At (21:04 GMT), the Canadian dollar was trading nearly unchanged at 1.3055 to the greenback. Immediate resistance can be seen at 1.3106 (Jan 9th High), an upside break can trigger rise towards 1.3173 (50 DMA).On the downside, immediate support is seen at 1.3065 (5 DMA), a break below could take the pair towards 1.3033(11 DMA).
USD/JPY: The dollar strengthened against the Japanese yen on Friday, as demand for risk appetite increased after upbeat US economic data. The dollar continued to gain against the yen, after being buoyed on Thursday by data showing that U.S. retail sales increased for a third straight month in December. Data on Friday showed that U.S. manufacturing output rose unexpectedly in December, though industrial production fell. Strong resistance can be seen at 110.40 (Higher BB), an upside break can trigger rise towards 111.00 (Psychological level).On the downside, immediate support is seen at 110.16 (5 DMA), a break below could take the pair towards 109.35 (11 DMA).
European shares clocked a record closing high on Friday after EU Trade Commissioner Phil Hogan struck a positive tone on talks with Washington and on optimism over signs of resilience in China’s economy.
UK's benchmark FTSE 100 closed up by 0.85 percent, Germany's Dax ended up by 0.72 percent, France’s CAC finished the day up by 1.02 percent.
U.S. stock indexes edged higher to hit fresh record highs on Friday on optimism over corporate earnings, economic data and indications of resilience in a Chinese economy battered by a prolonged trade war with the United States.
Dow Jones closed up by 0.17 percent, S&P 500 ended up by 0.34 percent, Nasdaq finished up by 0.34 percent.
U.S. Treasury yields rose on Friday after strong homebuilding and manufacturing reports and upbeat corporate earnings, while traders eyed the potential impact of a new government bond coming by summer.
The benchmark 10-year yield was up 2.5 basis points in morning trading at 1.8337%.
Gold edged higher on Friday boosted by as chronic shortage of the metal in the market and hopes the global economy might be turning the corner.
Gold edged 0.3% higher to $1,557.12 per ounce, but was headed for first weekly decline in six. Prices were down 0.3% for the week.U.S. gold futures rose 0.4% to $1,557.12
Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal.
Brent crude futures rose 23 cents to settle at $64.85 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 2 cents to settle at $58.54 a barrel.