Asia Roundup: Aussie eases following RBA meeting minutes, yen surges as coronavirus concerns linger, investors eye German ZEW survey- Tuesday, February 18th, 2020
America’s Roundup: Dollar gains against euro on virus concerns, economic outlook, Wall Street ends higher, Gold hits one-week high, Oil drops to 13-month low-February 11th,2020
Asia Roundup: Antipodeans await coronavirus clarity, euro consolidates near 3-year low on growth concerns, Asian shares nudge higher - Monday, February 17th, 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
Europe Roundup: Euro struggles near three-year lows on economic worries, European shares gain, Gold holds near two-week high, Oil price steady-February 17th,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
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
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
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
Asia Roundup: Aussie gains as business confidence slightly improves, Kiwi rebounds from near 4-month trough ahead RBNZ policy meeting, Asian shares nudge higher - Tuesday, February 11th, 2020
America’s Roundup: Dollar gains on optimism coronavirus will be contained,Wall Street rises, Gold hits one-week low, Oil rises 3% as demand worries ease amid fewer new coronavirus cases-February 13th,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
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
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
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 recedes from four-month highs as risk appetite improves, S&P 500, Nasdaq notches record high, Gold slips, Oil rises from 13-month low-February 12th,2020
America's Roundup: Dollar gains vs yen,as risk sentiment improves,Wall Street rises, Gold slips, Oil steadies as U.S. crude stocks draw but fuel inventories rise-Aug 22nd, 2019
• Canada Jul Core CPI (YoY) 2.0%, 2,0 % previous
• Canada Jul Core CPI (MoM) 0.3%, 0.0 % previous
• Canada CPI Jul (MoM) 0.5%,0.2 forecast,-0.2 previous
• US Jul Existing Home Sales (MoM) 2.5%, 2.5%, forecast ,-1.3% previous
• US Jul Existing Home Sales 5.42M,5.39M forecast,5.29M previous
Looking Ahead - Economic Data (GMT)
• 19:00 Australia Manufacturing PMI 51.9 previous
• 19:00 Australia Manufacturing PMI 51.9 previous
•19:50 Japan Foreign Bond Buying 173.1B previous
• 19:50 Japan Foreign Investments In Japanese Stock 187.0B previous
• 20:30 Japan Manufacturing PMI 49.8 forecast,49.4 previous
• 21:30 Australia Construction Work Done QoQ -1.9 previous
• 00:30 Japan All Industries Activity Index (MoM) -0.7 forecast, 0.3 previous
Looking Ahead - Events, Other Releases (GMT)
• 07:30 ECB Publishes Account of Monetary Policy Meeting
EUR/USD:The euro was little changed against dollar on Wednesday,as forex markets remained mostly calm ahead of a crucial meeting of central bankers later this week. With markets rushing to price significant easing from central banks in the United States and Europe, the outlook for euro/dollar will depend largely on whether or not policymakers live up to those expectations. The euro was last down 0.1% at $1.1092. The dollar, measured against a basket of currencies, rose 0.1% to 98.265.Immediate resistance can be seen at 1.1129 (9 DMA), an upside break can trigger rise towards 1.1141 (21 DMA).On the downside, immediate support is seen at 1.1065 (21 Aug low), a break below could take the pair towards 1.1000 (Psychological level).
GBP/USD: The pound declined against dollar on Wednesday, as worries over a no-deal Brexit clouded investor appetite for the currency despite German Chancellor Angela Merkel suggesting on Tuesday that there might be room for negotiation. British Prime Minister Boris Johnson is due to meet Merkel on Wednesday ahead of a G7 meeting at the weekend and is expected to tell the chancellor that unless she agrees to change the Brexit deal, Britain will leave the European Union on Oct. 31 without a deal. The pound was down 0.2% at $1.2145, retreating from the 12-day high of $1.2180 reached on Tuesday. It has risen, however, by 0.8% since mid-August lows. Immediate resistance can be seen at 1.2174 (21 DMA), an upside break can trigger rise towards 1.2250 (31st July High).On the downside, immediate support is seen at 1.2060 (20th Aug Low), a break below could take the pair towards 1.2000 (Psychological level).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Wednesday, rebounding from two-month low it hit the previous session, after stronger-than-expected domestic inflation data. Canada’s annual inflation rate held steady in July at 2.0% as lower costs for services were offset by higher prices for durable goods. Analysts had expected the annual rate to fall to 1.7% from 2.0% in June.The Canadian dollar was last trading 0.4% higher at 1.3292 to the greenback . The currency, which on Tuesday touched its weakest intraday level since June 19, was trading in a range of 1.3254 to 1.3324. Immediate resistance can be seen at 1.3326 (Daily High), an upside break can trigger rise towards 1.3400 (Psychological level).On the downside, immediate support is seen at 1.3232 (21 DMA), a break below could take the pair towards 1.3181 (13 Aug Low).
USD/JPY: The U.S. dollar edged higher against the yen on Wedneday, as risk appetite further improved with global stocks and U.S. yields higher ahead of an annual Federal Reserve gathering later this week in Jackson Hole, Wyoming and a summit of major central banks this weekend.Market participants are waiting for any statement from the Fed and other global monetary authorities meeting at a Group of Seven summit this weekend on possible measures to lift slumping economies around the world. The dollar rose 0.3% against the yen to 106.59 yen, gaining in four of the last five sessions.Strong resistance can be seen at 106.92 (21 DMA), an upside break can trigger rise towards 107.57 (50 DMA).On the downside, immediate support is seen at 106.00 (Psychological level), a break below could take the pair towards 105.65 (Aug 14th low).
European stocks closed higher on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars.
The UK's benchmark FTSE 100 closed up by 1.11 percent, Germany's Dax ended up by 1.30 percent, and France’s CAC finished the up by 1.70 percent.
U.S. stocks closed higher on Wednesday ,as strong results from Lowe's and Target boosted retailers,while investors awaited minutes from the Federal Reserve's Julypolicy meeting due later in the day..
Dow Jones closed up by 0.93 percent, S&P 500 ended up 0.83 percent, Nasdaq finished the day up by 0.90 percent.
U.S. Treasury yields rose on Wednesday as rising stock prices reflected improving risk sentiment, and as investors awaited the release of minutes from the Federal Reserve’s July meeting.
Benchmark 10-year notes were last down 9/32 in price to yield 1.589%, up from 1.559% late on Tuesday.The two-year, 10-year yield curve was steady at 4 basis points.
Gold edged lower on Wednesday as equities gained and investors awaited minutes from the U.S. Federal Reserve’s July meeting for clues on future interest rate cuts.
Spot gold was down 0.2% at $1,504.00 per ounce at 1:45 p.m. EDT (1745 GMT).U.S. gold futures settled at $1,515.70.
Oil futures steadied on Wednesday after U.S. government data showed a drawdown in domestic crude stocks but rises in refined product inventories, while lingering worries about the global economy weighed on the market.
Brent crude futures rose 27 cents to settle at $60.30 a barrel, down from a session high of $61.41.
U.S. West Texas Intermediate (WTI) crude fell 45 cents to settle at $55.68 a barrel, after hitting $57.13 a barrel.