Asia Roundup: Kiwi declines on RBNZ governor Adrian Orr's comments, dollar off highs against the yen as China virus fears return, Asian shares ease - Thursday, February 13th, 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
Asia Roundup: Kiwi rallies on RBNZ's hawkish stance, dollar gains against yen as new virus cases fall, Asian shares surge - Wednesday, February 12th, 2020
Europe Roundup: Sterling firms above 2-1/2 month lows vs dollar, European shares hit record high,Gold eases, Oil rises 2%-February 12th,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
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
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
Europe Roundup: Sterling falls for fourth day as dollar, EU talks offset retail bounce ,European shares muted, Gold eases, Oil holds near one-month high-February 20th,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
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
America’s Roundup: Dollar gains as traders balance virus, economic reports, Wall Street slips, Gold rises, Oil prices climb on prospects for deeper OPEC+ output cuts-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
Asia Roundup: Antipodeans steady on Fed rate cut expectations, yen rallies as coronavirus spread widens, Asian shares consolidate - Tuesday, February 25th, 2020
Europe Roundup:Sterling recovers from 2-1/2 month low following economic growth data, European stocks rise,Gold eases from 1-week high,Oil rises from 13-month low-February 11th,2020
Europe Roundup: Euro falls below key $1.08 level,European shares rise, Gold holds above $1,600, Oil rises amid hope for short economic hit from coronavirus outbreak-February 19th,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 gains vs euro as ECB holds policy steady, Wall Street ends lower, Gold dips, Oil falls 2% as spectre of China virus threatens fuel demand-January 24th,2020
• ECB's Lagarde says monetary policy to remain accommodative
• US Continuing Jobless Claims 1,731K, 1,746K forecast, 1,768K previous
• US Initial Jobless Claims 211K, 215K forecast, 205K previous
• US Jobless Claims 4-Week Avg 213.25K, 216.50K previous
• US Dec Leading Index (MoM) -0.3%,0.1% forecast, 0.1% previous
• US Jan Consumer Confidence -8.1, -7.8 forecast, -8.1 previous
• US Jan KC Fed Composite Index -1, -5 previous
• US Jan KC Fed Manufacturing Index -4, -6 forecast ,-3 previous
• Brazil CAGED Net Payroll Jobs 99.23K previous
• Brazil Dec Federal Tax Revenue 155.00B, 125.16B previous
Looking Ahead - Economic Data (GMT)
• 21:45 New Zealand CPI (YoY) (Q4) 1.8% forecast,1.5% previous
• 21:45 New Zealand CPI (QoQ) (Q4) 0.4%,0.7% previous
• 22:00 Australia Manufacturing PMI 49.0, 49.2 previous
•22:00 Australia Services PMI 49.5, 49.8 previous
• 23:30 Japan CPI, N.S.A (MoM 0.1% previous
• 23:30 Japan National Core CPI (YoY) 0.7%,0.5% previous
• 00:30 Japan Jan Manufacturing PMI 48.4 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro strengthened against the U.S. dollar on Thursday, after the European Central Bank left unchanged its key interest rates and stimulus programs and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB’s main goal and how to achieve it. ECB rate-setters did not make any policy change on Thursday, simply standing by their pledge to keep buying bonds and, if needed, cut interest rates until price growth in the euro zone heads back to their goal.The euro was 0.32 % lower against the greenback at $1.1055, its weakest since Dec. 9. Immediate resistance can be seen at 1.1066 (100 DMA), an upside break can trigger rise towards 1.1132 (21 DMA).On the downside, immediate support is seen at 1.1030 (Daily low), a break below could take the pair towards 1.1000 (Psychological level).
GBP/USD: Sterling was steady against dollar on Thursday, as investors weighed up whether the Bank of England would cut interest rates next week. Money markets are now pricing in a slightly more than 50% chance of a 25 basis point rate cut, down from 70% earlier in the week, after a several surveys pointed to a possible upturn in the British economy that BoE policymakers had recently said appeared absent. Sterling slipped 0.1% to $1.3128 in early US trading on Thursday, but it remained some way off the $1.2962 levels it traded at on Monday. Immediate resistance can be seen at 1.3155 (Daily high), an upside break can trigger rise towards 1.3200 (Psychological level).On the downside, immediate support is seen at 1.3126 (5 DMA), a break below could take the pair towards 1.3050 (9 DMA).
USD/CAD: The Canadian dollar weakened to a one-month low against its U.S. counterpart on Thursday as the coronavirus outbreak weighed on oil prices, with the loonie adding to its decline since the Bank of Canada opened the door to lower interest rates. The price of oil, one of Canada's major exports, fell on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago. U.S. crude oil futures were down 2.8% at $55.16 a barrel. Immediate resistance can be seen at 1.3179 (100 DMA), an upside break can trigger rise towards 1.3123 (Higher BB).On the downside, immediate support is seen at 1.3125 (5 DMA), a break below could take the pair towards 1.3068 (11 DMA).
USD/JPY: The dollar edged lower against the Japanese yen on Thursday, as concern of new coronavirus outbreak in China increased demand for Japanese yen. Millions of Chinese are preparing to travel for the Lunar New Year which begins on Saturday, increasing the potential for the disease to spread. The cities of Wuhan and Huanggang, representing a total population of about 18 million people, were put on a travel lockdown to prevent the virus from spreading, a public health measure that the World Health Organization called “unprecedented.”. Strong resistance can be seen at 109.87 (11 DMA), an upside break can trigger rise towards 110.07 (Higher BB).On the downside, immediate support is seen at 109.32(21 DMA), a break below could take the pair towards 109.00 (Psychological level).
European shares fell for a fourth straight session on Thursday as worries over the spread of a new coronavirus in China created uncertainty over the potential economic fallout.
UK's benchmark FTSE 100 closed down by 0.85 percent, Germany's Dax ended down by 0.94 percent, France’s CAC finished the day down by 0.65 percent.
U.S. stock indexes fell on Thursday, as mounting worries over a coronavirus outbreak in China, disappointing corporate earnings and weakness in financial stocks prompted investors to hit the brakes after a strong start of the year.
Dow Jones closed down by 0.14percent, S&P 500 ended up by 0.02 percent, Nasdaq finished up by 0.20 percent.
U.S. Treasury prices rallied on Thursday, pushing yields to multi-week lows, boosted by safe-haven demand on persistent concerns about the impact of the latest coronavirus, which recently broke out in China.
U.S. 30-year yields dropped to a seven-week low, while those on two-year and 10-year notes fell to fresh two-week troughs.
Gold eased on Thursday as investors booked profits from recent rallies but held above the $1,550 technical support level on continuing low interest rates and a drop in risk appetite.
Spot gold was down 0.2% to $1,556.05 per ounce by 1340 GMT. U.S. gold futures were little changed at$1,555.70 per ounce.
Oil prices fell 2% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories.
Brent crude futures fell $1.17, or 1.9%, to settle at $62.04 a barrel. The session low was $61.25, the lowest since early December.
U.S. West Texas Intermediate (WTI) crude ended down $1.15, or 2%, at $55.59 a barrel, after hitting $54.77, its lowest since November.