America’s Roundup: Dollar weakens on rising coronavirus case numbers, Wall Street closes lower, Gold range-bound, Oil steady as pandemic lockdown worries offset vaccine hopes-November 18th,2020
America’s Roundup: Dollar gains in tug-of-war between vaccine, rising virus cases, Wall Street closes lower, Gold firms, Oil rises about 1%, posts third week of gains on vaccine hopes-November 21st 2020
Asia Roundup: Antipodeans ease on risk aversion, yen gains as virus spread accelerates, Asian shares slump - Friday, November 13th, 2020
Europe Roundup: Euro gains as investors await clear U.S. election verdict, European stocks dips, Gold steady, Oil falls as virus cases rise, U.S. vote count continues-November 6th,2020
Asia Roundup: Aussie at 1-week peak following RBA minutes, dollar slumps against yen amid worries about second coronavirus wave, Biden transition; Asian shares surge on vaccine hopes - Tuesday, November 17th, 2020
America’s Roundup: Dollar little changed by optimistic news on another COVID vaccine, Wall Street gains, Gold slides 1%, Oil settles higher boosted by latest COVID-19 vaccine progress-November 17th,2020
Europe Roundup: Euro gains as ECB's cautious optimism on vaccine supports single currency, European shares edged lower ,Gold steady, Oil falls on COVID-19 surge but on track for weekly gain-November 13th,2020
Europe Roundup: Sterling dips against Brexit deadlock weighs,European shares gains, Gold edges up, Brent oil hits $45 on hopes for COVID-19 vaccine, U.S. crude stock draw-November 11th,2020
Asia Roundup: Kiwi rallies as RBNZ unveils new lending scheme, dollar eases against yen amid concerns over rising virus cases, Asian shares surge as vaccine hopes offset second-wave worries- Wednesday, November 11th, 2020
Europe Roundup:Sterling gains against dollar on Brexit, vaccine hopes, European shares hover at eight-month highs, Gold prices gain, Oil prices drop as near-term demand concerns overshadow COVID-19 vaccine hopes-November 10th,2020
Europe Roundup: Euro eases on rising on COVID-19 count, European stocks slide, Gold slips, Oil prices dip as COVID-19 cases outweigh vaccine optimism-November 19th,2020
America’s Roundup: Dollar flat, euro bumps higher as sentiment see-saws, Wall Street drops, Gold rises 1%, Oil falls on coronavirus surge, unexpected U.S. crude stockpile rise-November 13th,2020
Asia Roundup: Kiwi at 20-month peak as negative rate speculations ease, yen gains as investors adjust vaccine expectations, Asian shares surge - Thursday, November 20th, 2020
Europe Roundup: Sterling down as Britain's economy struggles to maintain recovery ,European shares fall, Gold edges higher, Oil keeps climbing on hopes OPEC+ will hold back supply as COVID-19 cases rise-November 12th,2020
Europe Roundup: Euro gains on upbeat German export data, European stocks jump, Gold gains, Oil rises as Biden wins, OPEC+ signals deal can be tweaked-November 9th,2020
America’s Roundup: Dollar index drops as boost from vaccine eases, Wall Street rises, Gold gains, Oil falls on rising Libya output, coronavirus surge-November 14th,2020
America’s Roundup: Dollar gains on fears of new pandemic wave, Wall Street ends mixed,Gold slips, Oil edges up on OPEC output cut compliance; pandemic still weighs-June 19th,2020
• US Weekly jobless claims higher than expected
• US Continuing Jobless Claims 20,544K,19,800K forecast, 20,929K previous
• US Initial Jobless Claims1,508K,1,300K forecast, 1,542K previous
• Canada May New Housing Price Index (MoM) 0.1%,0.0% previous
• Canada ADP Nonfarm Employment Change 208.4K, -226.7K previous
• Canada April Wholesale Sales (MoM) -21.6%, -12.6% forecast, -2.2% previous
• US June Philly Fed CAPEX Index 26.30 , -21.6%,15.20 previous
• US Philly Fed Employment -4.3, -15.3 previous
• US June Philadelphia Fed Manufacturing Index -23.0 forecast, -43.1 previous
• US June Philly Fed New Orders -25.7 previous
• US June Philly Fed Business Conditions 49.7 previous
• US June Philly Fed Prices Paid 11.10, 3.20 previous
• US Jobless Claims 4-Week Avg 1,773.50K, 2,002.00K previous
• 13:00 Russia Central Bank reserves (USD) 570.8B,565.2B previous
• US May Leading Index (MoM) 2.8%, 2.3% forecast, -4.4% previous
Looking Ahead Economic Data (GMT)
• 23:30 Japan May CPI, n.s.a (MoM) -0.1% previous
• 23:30 Japan May National Core CPI (YoY) -0.1% forecast, -0.2% previous
• 23:30 Japan May National CPI (YoY) 0.1% previous
• 01:30 Australia Retail Sales (MoM) -17.7% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined on Thursday as dollar gained after U.S. data showed that a recovery in the labor market. The number of Americans filing for unemployment benefits fell last week, but the pace of decline appears to have stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession. Immediate resistance can be seen at 1.1242(5 DMA), an upside break can trigger rise towards 1.1291(23.6% fib).On the downside, immediate support is seen at 1.1179 (June18th low), a break below could take the pair towards 1.1164 (38.2% fib).
GBP/USD: Sterling declined against the dollar on Thursday after the Bank of England increasing its bond-buying by 100 billion pounds ($125 billion) to bolster the coronavirus-hit economy.The central bank, which also kept its benchmark interest rate at 0.1%, said it expects a new total of 745 billion pounds in government bond purchase to be hit by the end of the year. By22:20 GMT the pound was 0.5% down against the dollar at $1.2421. Immediate resistance can be seen at 1.2517 (38.2% fib),an upside break can trigger rise towards 1.2610 (11 DMA).On the downside, immediate support is seen at 1.2318 (50% fib), a break below could take the pair towards 1.2206 (Lower BB).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Thursday as investors worried about a potential second wave of the coronavirus pandemic and after domestic data showed a record plunge in wholesale trade for the month of April. Canadian wholesale trade fell 21.6% in April from March, led by a decline in sales in the motor vehicles and motor vehicle parts and accessories subsector as a result of shutdowns related to the coronavirus outbreak. Immediate resistance can be seen at 1.3684 (38.2% fib), an upside break can trigger rise towards 1.3792 (50%fib).On the downside, immediate support is seen at 1.3549 (23.6%fib), a break below could take the pair towards 1.3511 (11 DMA).
USD/JPY: The dollar dipped against the Japanese yen Thursday as concerns about a rise in new coronavirus cases increased demand for safe-haven yen. A surge in new coronavirus infections in several U.S. states and the imposition of travel curbs in Beijing to stop a new outbreak there have served as a reminder of the risks of re-opening economic activity before a vaccine has been developed. The Japanese yen was last 0.32% stronger at 106.66 , the highest since June 12, and close to the one-month high of 106.58 it rose to last week. Strong resistance can be seen at 107.57 (30 DMA), an upside break can trigger rise towards 108.02 (38.2% fib).On the downside, immediate support is seen at 106.67 (50% fib ), a break below could take the pair towards 106.00(Psychological level).
European shares closed lower on Thursday as a spike in COVID-19 cases in China and some U.S. states triggered fears of a second wave of infections, while a 60% plunge in Wirecard shares over missing cash balances weighed on the STOXX 600 index.
UK's benchmark FTSE 100 closed down by 0.47 percent, Germany's Dax ended down by 0.81 percent, France’s CAC finished the day down by 0.75 percent.
Wall Street struggled for direction on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns against data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.
Dow Jones closed down by 0.15% percent, S&P 500 closed up by 0.06 % percent, Nasdaq settled up by 0.33% percent.
U.S. Treasury yields fell on Thursday after cases of the novel coronavirus rose in several U.S. states, deepening concerns that the economy may not bounce back as quickly as hoped.
Benchmark 10-year Treasury yields edged lower in afternoon trading, last down nearly four basis points at 0.694%.
Gold eased on Thursday after data showed lower jobless claims in the United States and on reports Beijing was bringing its latest coronavirus outbreak under control, but mounting infections globally limited losses for the safe-haven metal.
Spot gold fell 0.2% to $1,723.23 per ounce by 12:30 p.m. ET (1630 GMT). U.S. gold futures shed 0.3% at $1,730.10.
Oil prices rose slightly on Thursday as a panel of OPEC and its allies met to review record oil supply cuts, even as the market remained concerned about additional coronavirus cases reported in parts of the United States and China.
Brent crude futures settled at $41.51 a barrel, up 80 cents or nearly 2%. U.S. West Texas Intermediate (WTI) crude futures settled at $38.84 a barrel, up 88 cents, or 2.3%.