Asia Roundup: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 2020
Asia Roundup: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
America’s Roundup: Dollar gains on coronavirus, tariff concerns, Wall Street ends lower, Gold retreats from an over 7-1/2 year high, Oil dives over 5% as U.S. crude stocks hit record, COVID cases mount-June 25th 2020
Asia Roundup: Euro eases on fresh trade tensions, greenback steadies as coronavirus surge drives cash hunt, Asian shares plunge amid holiday-thinned trading - Thursday, June 25th, 2020
Europe Roundup: Euro dips lower against dollar as markets balanced hopes for a global economic recovery, European stocks dips,Gold hits 8-year peak.Oil rises on manufacturing data, U.S. inventories-July 1st 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
Asia Roundup: Aussie gains on upbeat retail sales, dollar consolidates within narrow ranges amid holiday-thinned trading, Asian shares at 4-month peak - Friday, July 3rd, 2020
America’s Roundup: Dollar stumbles as jump in coronavirus cases dented the economic outlook, Wall Street ends higher, Gold hits highest since October 2012, Oil flat, near highest since March, after Trump assurance on China trade-June 24th,2020
Europe Roundup: Euro dips as coronavirus surge unnerves investors European stocks dips, Gold soars towards 8-year high, Oil falls on rising stocks, worries of new virus wave-June 24th,2020
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
America’s Roundup: Dollar turns higher as focus turns to surging coronavirus cases, Wall Street jumps, Gold gains, Oil up more than 2% on U.S. jobs data but virus fears cap gains-July 3rd 2020
America’s Roundup: Dollar falters as decent U.S. data curbs safe haven demand, Wall Street gains, Gold retreats from near 8-year peak, Oil prices firm on factory, inventory data-July 2nd, 2020
America’s Roundup: Dollar edges lower amid uncertain U.S. outlook, Wall Street gains,Gold gains, Oil slips slightly on rising coronavirus cases, returning Libyan supplies-1st July 2020
America’s Roundup: U.S. dollar rises as surge in coronavirus cases boosts haven bid,Wall Street falls, Gold slides, Oil settles lower on rise in U.S. coronavirus cases-June 27th,2020
America's Roundup: Dollar gains versus yen on continued trade deal optimism, Wall Street hits fresh record high, Gold slides over 1%, Oil rebounds to $62 on hopes for U.S.-China trade deal-November 8th,2019
• 13:30 US Continuing Jobless Claims 1,689K, 1,683K forecast, 1,690K previous
• 13:30 US Initial Jobless Claims 211K, 215K forecast, 218K previous
• 13:30 US Jobless Claims 4-Week Avg 215.25K, 214.75K previous
Looking Ahead - Economic Data (GMT)
• 23:30 Japan Sep Household Spending (YoY) 7.8% forecast, 1.0% previous
• 23:30 Japan Sep Household Spending (MoM) 3.8% forecast, 2.4% previous
• 23:30 Japan Sep Overall wage income of employees -0.1% previous
•23:30 Japan Sep Overtime Pay (YoY) 0.10% previous
• 23:50 Japan Foreign Bonds Buying -1,018.5B previous
• 23:50 Japan Foreign Investments in Japanese Stocks 649.5B previous
• 23:50 Japan Oct Foreign Reserves (USD) 1,322.6B previous
• 00:30 Australia Sep Home Loans (MoM) 1.8% previous
• 00:30 Australia Invest Housing Finance (MoM) 3.2% previous
• 03:00 China Exports (YoY) -3.5% forecast, -3.2% previous
• 03:00 China Imports (YoY) -8.9% forecast, -8.5% previous
• 03:00 China Trade Balance (USD) 41.20B, 39.65B previous
• 05:00 Japan Sep Coincident Indicator (MoM) -0.7% previous
• 05:00 Japan Leading Index 91.9 previous
• 05:00 Japan Sep Leading Index (MoM) -1.8% previous
Looking Ahead - Events, Other Releases (GMT)
• 00:30 Australia RBA Monetary Policy Statement
EUR/USD: The euro slipped lower against the U.S. dollar on Thursday, as outlook improved for greenback as U.S.-China neared trade deal. The dollar gained after comments from a Chinese commerce ministry spokesman about the terms of a potential trade deal prompted investors to switch to greenback. The euro was down 0.13 percent at $1.1049. An index that tracks the dollar versus a basket of six major currencies was up 0.21 at 98.15. Immediate resistance can be seen at 1.1096 (21 DMA), an upside break can trigger rise towards 1.1188 (200 DMA).On the downside, immediate support is seen at 1.1037 (50 DMA), a break below could take the pair towards 1.1000 (Psychological level).
GBP/USD: The pound declined to hit two-week low against dollar on Thursday after two Bank of England officials unexpectedly voted to cut interest rates this month and others said they would consider a cut if global and Brexit headwinds did not lift. The BoE said that its nine-member Monetary Policy Committee voted 7-2 to keep its key rate at 0.75%, in sharp contrast to forecasts in a poll for a unanimous decision. The British currency fell to its low point in nearly two weeks down as much as $1.2794. It was last down 0.26% on the day at $1.2823. Immediate resistance can be seen at 1.2879 (5 DMA), an upside break can trigger rise towards 1.2971 (Oct 31st high).On the downside, immediate support is seen at 1.2793 (Daily low), a break below could take the pair towards 1.2700 (Psychological level).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Thursday, recovering from an earlier eight-day low as domestic jobs data loomed and Beijing signaled a 'phase one' trade deal with the United States was close to being sealed. U.S. crude oil futures were up 1.5% at $57.20 a barrel as hopes rose for an end to a long dispute that has weighed on economic growth and fuel demand. At (1914 GMT), the Canadian dollar was trading nearly unchanged at 1.3177 to the greenback. Immediate resistance can be seen at 1.3193 (100 DMA), an upside break can trigger rise towards 1.3273 (200 DMA).On the downside, immediate support is seen at 1.3159 (5 DMA), a break below could take the pair towards 1.3100 (Psychological level).
USD/JPY: The dollar strengthened against the Japanese yen on Thursday, as dollar was bolstered by comments from a Chinese commerce ministry official that suggested the world’s two largest economies are inching closer to a trade deal. The dollar rose to near three-month highs versus the yen after the news, retracing its 0.3% losses earlier in the session, as investors interpreted the comments as positive news. It was last up 0.2% at 109.19 yen .Strong resistance can be seen at 109.93 (Daily High), an upside break can trigger rise towards 108.88 (30th May High).On the downside, immediate support is seen at 108.82 (5 DMA), a break below could take the pair towards 108.61 (21 DMA).
A proposal to shorten trading hours on Europe’s stock exchanges could help to boost liquidity and would have far-reaching benefits for the industry’s hard-working traders.
UK's benchmark FTSE 100 closed up by 0.13 percent, Germany's Dax ended up by 0.83 percent, France’s CAC finished the day up by 0.41percent.
Wall Street’s main indexes hit fresh record highs on Thursday, rallying on signs of progress in U.S.-China trade relations and another batch of largely upbeat earnings reports.
At (19:46) Dow Jones closed was up at 0.74 percent, S&P 500 was up by 0.34 percent, Nasdaq was up by 0.42 percent.
U.S. Treasury yields rose to eight-week highs on Thursday as renewed optimism that the United States and China will reach a deal to de-escalate their trade war boosted risk appetite and reduced demand for safe-haven bonds.
Benchmark 10-year notes fell 23/32 in price to yield 1.890%, the highest since Sept. 16, and up from 1.821% late Wednesday.
Gold slid more than 1% on Thursday to its lowest level in over a month as U.S. Treasury yields jumped and global equities markets cheered China and United States’ agreement to cancel some tariffs in phases.
Spot gold was down 1.4% at $1,469.03 per ounce as of 11:03 a.m. EST (1603 GMT), having slipped to $1,467.71 its lowest since Oct. 1 earlier. U.S. gold futures fell 1.5% to $1,470.70.
Oil rose above $62 a barrel on Thursday after China hinted at progress toward a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and fuel demand.
Brent crude, the global benchmark, rose 62 cents to $62.36 by 1101 GMT after settling down $1.22 on Wednesday. West Texas Intermediate crude climbed 66 cents to $57.01