Europe Roundup: Sterling gains on infrastructure spending promise, Brexit caps gains, European shares gain Gold holds close to near 8-year peak, Oil rises on improving economic data, supply cut-June 29th,2020
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
Europe Roundup: Sterling rises on delayed response to Sunak's economic plan,European shares gain, Gold rises towards nine-year peak , Oil slips as coronavirus fears offset gasoline recovery signs-July 9th,2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
America’s Roundup: Dollar climbs from four-week low as U.S. stocks decline, Wall Street dips, Gold slips after nine-year high, Oil slips on fears rising COVID-19 cases to clip demand-July 10th,2020
Asia Roundup: Aussie extends gains on risk-on trades, yen rallies as COVID-19 cases grow, Asian shares surge - Thursday, July 9th, 2020
America’s Roundup: Dollar recovers some overnight losses , Wall Street gains,Gold steadies near multi-year peak, Oil rises on improving economic data but virus case jump caps gains-June 30th,2020
Europe Roundup: Sterling nears three-week highs against dollar,European stocks ease from one-month highs, Gold retreats from multi-year peak, Oil down as U.S. virus spike stokes demand worries-July 7th,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
Asia Roundup: Aussie near 3-week peak ahead of RBA policy meeting, dollar steadies against yen as investors eye U.S. services sector data, Asian shares at 4-month high - Monday, July 6th, 2020
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
Europe Roundup: Euro dips against dollar as coronavirus anxiety deepens, European stocks gain, Gold set for fifth weekly gain, Oil dips, heading for weekly loss as virus cases rise-July 10th,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 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 little changed against Japanese yen as virus fears counter gains, Wall Street gains, Gold edges higher, Oil steady as hopeful economic data face spike in virus cases-July 7th,2020
Europe Roundup: Euro rises on upbeat Euro zone retail sales data, European shares gain, Gold ticks higher, Oil mixed on tighter supply, surge in U.S. virus cases-July 6th,2020
America's Roundup: Dollar little changed as U.S.-China trade talk outcome awaited. Wall Street slids,Gold prices gain, Oil prices fall on large U.S. crude build-November 7th,2019
• Brazil Oct Auto Production (MoM) 16.6%, 8.3% previous
• Brazil Oct Auto Sales (MoM) 7.9%, 3.3% previous
• Russia CPI (YoY) 3.8%, 3.8% forecast, 4.0% previous
• Russia CPI (MoM) -0.2%,-0.2% forecast, -0.2% previous
• US Nonfarm Productivity (QoQ) (Q3) -0.3%,0.9% forecast, 2.5% previous
• US Unit Labor Costs (QoQ) (Q3) 3.6%, 2.2% forecast, 2.4% previous
• Canada Oct Ivey PMI 51.8, 55.8 previous
• Canada Ivey PMI 48.2, 49.3 forecast, 48.7 previous
Looking Ahead - Economic Data (GMT)
• 21:30 Australia Oct AIG Construction Index 42.6 previous
• 23:00 Japan Nov Reuters Tankan Index -5 previous
• 00:30 Australia Sep Exports (MoM) -3% previous
• 00:30 Australia Sep Imports (MoM) 0% previous
• 00:30 Australia Sep Trade Balance 5.000B forecast, 5.926B previous
Looking Ahead - Events, Other Releases (GMT)
• 23:30 US FOMC Member Williams Speaks
• 10:00 Eurogroup Meeting
• 12:00 BoE MPC Meeting Minutes
• 12:30 BoE Gov Carney Speaks
• 16:05 FOMC Member Kaplan Speaks
• 22:10 FOMC Member Bostic Speaks
EUR/USD: The euro edged lower against the U.S. dollar on Wednesday,as weak euro zone economic figures weighed on euro. Data showed Germany’s services sector barely grew in October, while euro zone business activity expanded slightly faster than expected last month but remained close to stagnation. The euro was down 0.03 percent at $1.1070.The dollar index, which measures the greenback against six major currencies, was 0.03 percent higher at 97.94. Immediate resistance can be seen at 1.1092 (21 DMA), an upside break can trigger rise towards 1.1119 (100 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 against the dollar Wednesday, as investors calculated the risks the upcoming general election poses to Britain’s ability to complete its exit from the European Union before Jan. 31, its latest departure deadline. Traders also waited to see what the Bank of England (BoE) might have to say regarding the impact of Brexit on the British economy, after its meeting on Thursday. Uncertainty around Britain’s departure from the EU has left a strong mark on business confidence and weak economic data makes it increasingly likely that BoE’s next move will be to cut interest rates, rather than an increase .The British currency was last trading at $1.2850, down 0.24 percent on the day. Immediate resistance can be seen at 1.2898 (5 DMA), an upside break can trigger rise towards 1.3076 (Higher BB).On the downside, immediate support is seen at 1.2801(21 DMA), a break below could take the pair towards 1.2696 (200 DMA).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Wednesday, trading in a narrow range as investors awaited the outcome of trade talks between the United States and China and Canada's jobs report loomed at the end of the week. Canada is a major exporter of commodities, including oil, so its economy could benefit from an improved outlook for global trade. Canada's employment report for October is due on Friday, which can help guide expectations for the Bank of Canada policy outlook. At (1926 GMT), the Canadian dollar was trading 0.18% lower at 1.3181 to the greenback. Immediate resistance can be seen at 1.3212 (50 DMA), an upside break can trigger rise towards 1.3257 (Higher BB).On the downside, immediate support is seen at 1.3150 (21 DMA), a break below could take the pair towards 1.3126 (9 DMA).
USD/JPY: The dollar declined against the Japanese yen on Wednesday, as U.S. productivity data disappointed and investors turned a bit cautious about U.S.-China trade talks. Traders and investors hope a preliminary deal will roll back at least some of the punitive tariffs Washington and Beijing have imposed on each other’s goods, but it remained uncertain when or where U.S. President Donald Trump will meet Chinese President Xi Jinping to sign the agreement. At 1915 GMT, the dollar was 0.23 percent lower versus the Japanese yen at 108.90. Strong resistance can be seen at 109.23 (Daily high), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 108.66 (9 DMA), a break below could take the pair towards 108.00(Psychological level).
European stocks scaled a fresh four-year peak on Wednesday driven by a surge in shares of consumer-focused companies that helped offset declines in autos and miners, while investors awaited new developments from U.S.-China trade talks.
The UK's benchmark FTSE 100 closed up by 0.12 percent, Germany's Dax ended up by 0.24 percent, and France’s CAC finished the day up by 0.33 percent.
The S&P 500 and Dow Jones indexes opened near record highs on Wednesday, as a largely upbeat corporate earnings season and optimism around a U.S.-China trade truce drive a Wall Street rally.
At (19:36 GMT) Dow Jones was down by 0.03 percent, S&P 500 was down by 0.01percent, Nasdaq was down by 0.35 percent.
Benchmark U.S. Treasury prices gained on Wednesday, following a three-day selloff, as investors waited on further signals that the United States and China will reach a deal to de-escalate their trade war.
Benchmark 10-year notes gained 12/32 in price to yield 1.825%, down from 1.865% late Tuesday. The notes have technical support at around 1.85%.
Gold prices rose on Wednesday, a day after sliding 2%, as doubts about a U.S.-China trade breakthrough buoyed demand for the safe-haven metal.
Spot gold rose 0.4% to $1,489.95 per ounce at 12:50 p.m. EST (1750 GMT). U.S. gold futures were up 0.6% at $1,492.
Oil prices slipped on Wednesday after a much larger build in U.S. crude inventories than expected.
Brent crude was down 42 cents to $62.54 a barrel by 11:05 a.m. EST (1605 GMT). West Texas Intermediate crude lost 12 cents at $57.11 per barrel.