America’s Roundup: Dollar notches small weekly gain after weak U.S. data, Wall Street gains, Gold hits 7-year high, Oil prices jump as demand shows signs of picking up-May 16th,2020
Europe Roundup: Euro gains against dollar ahead of Federal Reserve Chairman Jerome Powell’s speech, European shares slide, Gold steady, Oil holds near $30, caught between demand loss and supply cuts-May 13th,2020
Asia Roundup: Aussie eases as Beijing readies new security law, dollar plunges against yen on rising U.S.-China tension, Asian shares slump - Friday, May 22nd, 2020
Americas’ Roundup: Dollar trades in narrow range as four-day euro rally fizzles, Wall Street ends lower, Brent at highest since March on U.S. stock draw, recovering demand-May 22nd 2020
America’s Roundup: Dollar climbs to 3-week peak, Wall Street drops, Gold jumps to 3-week high, Oil prices rise on dip in U.S. crude stockpiles and IEA data-May 15th,2020
Asia Roundup: Aussie gains as lockdowns ease, greenback halts 3-day rally on dismal U.S. data, Asian shares nudge higher - Monday, May 18th, 2020
Europe Roundup: Euro takes a breather after four-day rising streak, European shares dips, Gold drops 1%,Oil at highest since March on lower U.S. inventories, recovering demand-May 21st 2020
America’s Roundup: Dollar up as Powell downplays chances of negative U.S. interest rates ,Wall Street falls, Gold gains, Oil slips more than 1% despite surprise U.S. crude stock drawdown-May 14th,2020
Europe Roundup: Sterling edges lower as Britain maintains fierce stance on Brexit, European stocks gain, Gold hits 3-week peak, Oil hits one-month high as signs of demand emerge amid coronavirus crisis-May 15th,2020
Asia Roundup: Yen rallies against dollar on second wave virus fears, Asian shares plunge - Tuesday, May 12th, 2020
Europe Roundup: Euro as German survey fuels optimism, European shares rise, Gold dips, Oil falls as U.S.-China tensions take toll-May 25th,2020
Europe Roundup: Euro gains as dollar rally pauses, European shares edged higher, Gold gains, Oil prices up after Saudi pledge on cuts eases some glut fears-May 12th,2020
Europe Roundup: Euro rallies on Franco-German proposal for recovery fund, European shares dips, Gold edges higher, Oil gains on signs of output cuts, improved demand-May 19th,2020
Europe Roundup: Sterling stuck near 8-week lows on talk of negative rates, Brexit, European shares gain, Gold jumps by 1%,Oil rises as lockdowns ease-May 18th,2020
America’s Roundup: Dollar struggles as rising oil prices lift commodity currencies, Wall Street jumps, Gold eases off highs, Oil jumps to two-month high on easing lockdowns, positive vaccine results-May 19th 2020
America’s Roundup: U.S. dollar slides ahead of Fed's Powell speech, Wall Street dips, Gold gains, Oil rises as OPEC looks to deepen, extend supply cuts-May 13th,2020
America’s Roundup: Dollar index on track for biggest weekly fall in decade, Wall Street tumbles, Gold eases, Oil plunges more than 5% despite stimulus efforts-March 28th,2020
• US Feb Core PCE Price Index (MoM) 0.2%,0.2% forecast 0.1% previous
• US Feb Core PCE Price Index (YoY) 1.8,1.7% forecast, 1.6% previous
• US Feb PCE Price index (YoY) 0.1%, 0.1% previous
• US Feb Personal Income (MoM) 0.6%, 0.4% forecast 0.6% previous
• US Feb Personal Spending (MoM) 0.2%,0.2% forecast, 0.2% previous
• US Feb Real Personal Consumption (MoM) 0.1%,0.1% previous
• US Michigan March 5-Year Inflation Expectations2.30%, 2.30% previous
• US March Michigan Consumer Expectations 79.7,85.3 forecast, 85.3 previous
• US March Michigan Consumer Sentiment 89.1, 90.0 forecast, 95.9 previous
• US March Michigan Current Conditions 103.7, 112.5 forecast, 112.5 previous
• US March Michigan Inflation Expectations 2.2%,2.3% forecast 2.3% previous
• Canada Jan Budget Balance (YoY) -10.56B, -10.97B previous
• Canada Jan Budget Balance0.42B, 0.78B previous
• Canada BoC Interest Rate Decision 0.25%, 1.25% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro strengthened against dollar on Friday after the European Central Bank’s decided not to apply purchase limits for any individual country in its emergency bond-buying scheme. The weakening in the dollar was seen partly as a sign that central bankers have been successful in easing stress in the money markets. The market volatility is expected to continue as the coronavirus pandemic that triggered closures in economies worldwide remains very much a threat. Immediate resistance can be seen at 1.1162 (38.2% fib), an upside break can trigger rise towards 1.1200 (Psychological level).On the downside, immediate support is seen at 1.1064 (38.2% fib), a break below could take the pair towards 1.0966 (61.8% fib).
GBP/USD: Sterling rose against dollar on Friday as investors became more confident that the United States government and central bank economic stimulus could alleviate some of the impact of the coronavirus crisis. Waters have calmed since the U.S. government promised $2 trillion in fiscal stimulus and the Federal Reserve injected more dollars into the financial market by buying U.S. government bonds and swaping dollars for foreign currencies with other major central banks. At (GMT 19:36) Sterling was up 2.22% at $1.2469. Immediate resistance can be seen at 1.2489 (Daily high), an upside break can trigger rise towards 1.2623 (23.6% fib).On the downside, immediate support is seen at 1.2382 (38.2% fib), a break below could take the pair towards 1.2204 (50% fib).
USD/CAD: The Canadian dollar reversed its earlier losses against its U.S. counterpart on Friday after Bank of Canada unexpectedly cut its overnight interest rate by 50 basis points to 0.25%.The central bank also launched what observers called its first-ever quantitative easing program, saying it would buy government and commercial debt. Poloz, who is set to retire in June, said the asset purchase program is aimed at improving the “functionality” of financial markets. He said that negative interest rates are an available tool, but he did not think they were suitable because they could have harmful effects on the financial system. Immediate resistance can be seen at 1.4060 (50% fib), an upside break can trigger rise towards 1.4191(61.8% fib) On the downside, immediate support is seen at 1.3922 (38.2% fib), a break below could take the pair towards 1.3744 (23.6 % fib).
USD/JPY: The dollar declined against the Japanese yen Friday as trillions of dollar’s worth of stimulus efforts by governments and central banks helped temper a rout in global markets triggered by the coronavirus pandemic. The dollar had been riding high in March amid a drive for dollars by investors trying to get their hands on the world’s most liquid currency which is considered a safe haven.But big government spending pledges, including a $2.2 trillion U.S. package, and co-ordinated efforts by central banks around the world to increase the supply of dollars have supported a rally in other major currencies. Strong resistance can be seen at 109.43 (61.8% fib), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 107.67 (Daily low), a break below could take the pair towards 107.43 (23.6% fib ).
Stocks across the globe fell on Friday after a historic three-day run-up, with indexes poised to close the month and quarter with starkly negative performances.
UK's benchmark FTSE 100 closed down by 3.68 percent, Germany's Dax ended down by 4.23 percent, France’s CAC finished the day up by 2.68 percent.
Wall Street’s historic three-day bounce was stalled on Friday as doubts about the fate of the U.S. economy resurfaced with the number of coronavirus cases in the country skyrocketing.
Dow Jones closed down by 4.06 percent, S&P 500 closed down by 3.33 percent, Nasdaq settled down by 3.79 percent.
Treasury yields fell on Friday as investors sought safety in high-quality assets after the number of coronavirus cases in the United States surpassed China.
Benchmark 10-year notes last rose 21/32 in price to yield 0.7424%, from 0.808% late on Thursday. The 30-year bond last rose 1-26/32 in price to yield 1.3291% from 1.395%.
Gold fell on Friday on caution ahead of the weekend, but prices were set to post their biggest weekly gain since 2008 as economic damage expected from the coronavirus boosted bullion’s safe-haven appeal.
Spot gold fell 0.5% to $1,620.81 per ounce as of 11:42 a.m. EDT (1542 GMT). U.S. gold futures were 1.7% lower at $1,623.30 per ounce.
Oil prices plunged more than 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Brent crude was down $2.03, or 7.7%, at $24.31 a barrel by 12:03 p.m. EDT (1603 GMT). U.S. crude was down $1.29, or 5.7%, at $21.31.