Asia Roundup: Japanese yen rebounds as U.S. says China tariffs in place till Phase 2 deal, greenback consolidates following mixed CPI figures, Asian shares plunge - Wednesday, January 15th, 2020
Europe Roundup: Sterling falls as slowing growth increases rate cut speculation,European shares flat, Gold slips 1% . Oil steady as fears over U.S.-Iran conflict ease-January 13th, 2020
America’s Roundup: Dollar holds near two-week high, Gold slides, Oil eases as focus shifts from Iran tensions to U.S. crude build-January 10th,2020
Europe Roundup: Sterling reverses gains after weak British retail sales,European shares rise, Gold firms, Oil ends week steady as China growth offsets trade deal optimism-January 17th,2020
Asia Roundup: Japanese yen off highs as U.S.-Iran tensions ease, Asian shares rebound; investors await Iran's response – Tuesday, January 7th, 2020
America’s Roundup: Dollar gains as markets stabilize after Iran strike, Wall Street gains, Gold eases, Oil dives as U.S., Iran tensions ease-January 9th,2020
Europe Roundup: Euro dips as investors cheer U.S. data, European shares dip, Gold range bound, Oil rises as Libyan oilfields shut down-January 20th,2020
Asia Roundup: Aussie rallies on U.S.-China trade deal optimism, Asia shares at 19-month highs, investors eye UK economic data - Monday, January 13th, 2020
America’s Roundup: Dollar firms as Sino-U.S. trade deal day draws near, Wall Street rises, Gold slips as risk-on sentiment weighs, Oil falls 1%-January 14th,2020
America’s Roundup: Dollar gains on positive U.S. economic data,Wall Street ends higher, Gold slips, Oil gains on U.S.-China deal-January 17th,2020
Europe Roundup: Sterling consolidates on rate cut concerns, Swiss franc at 2-week low as Mideast tensions fade, investors eye U.S. nonfarm payroll report - Friday, January 10th, 2020
America’s Roundup: Dollar dips on U.S.-Iran tensions, Wall Street dips, Gold prices surge 2%,Oil price gains turn up the heat on emerging market oil importers-January 7th,2020
Europe Roundup: Sterling recovers as traders wait for data cues on BoE rate cut, European shares edge higher, Gold inches down, Oil rises after U.S.-China deal, IEA forecast limits gains-January 16th, 2020
Europe Roundup: Sterling eases amid no deal Brexit fears, Swiss franc declines as U.S.-Iran tensions ebb, European shares rebound - Tuesday, January 7th, 2020
Asia Roundup: Aussie halts 6-day losing streak on upbeat retail sales, yen eases as U.S.-Iran tension fades, Asian shares surge - Friday, January 10th, 2020
Europe Roundup: Sterling at 2-week trough on BoE Carney's comments; Swiss franc, yen ease as U.S.-Iran fears abate, European shares at record high - Thursday, January 9th, 2020
America’s Roundup: Dollar on hopes of global stimulus measures, Wall Street rallies, Gold dips, Oil rises 2% after attack on Saudi field, stimulus expectations-August 20th,2019
• Investors await Fed symposium later this week
• U.S. crude oil prices increase by more than 2%
• Russian Jul Real Wage Growth (YoY) 3.5%,2.3% forecast,2.9% previous
• Russian Retail Sales (YoY), -1.0%, 1.5% forecast, 1.4% previous
• Russian Jul Unemployment Rate, 4.5%, 4.5% forecast 4.4% previous
• Russian GDP Monthly (YoY), 1.7%,- 0.7% previous.
Looking Ahead - Economic Data (GMT)
• No Economic Data
Looking Ahead - Events, Other Releases (GMT)
• 01:30 Australia RBA Meeting Minutes
EUR/USD: The euro dipped against dollar on Monday, as the greenback rallied broadly on rising global risk appetite. The U.S. dollar strengthened against a basket of currencies as risk sentiment gradually improved after a week of turmoil on hopes that major central banks would look to launch fresh stimulus measures to lift their sluggish economies. Markets are now focused on the U.S. Federal Reserve’s Jackson Hole symposium this week for greater clarity on the future path of interest rates. An index that tracks the dollar versus a basket of six major currencies was last up 0.17 at 98.17. Immediate resistance can be seen at 1.1147 (21 DMA), an upside break can trigger rise towards 1.1223 (50 DMA).On the downside, immediate support is seen at 1.1066 (Daily Low), a break below could take the pair towards 1.1000 (Psychological level).
GBP/USD: Sterling edged lower against dollar on Monday, although sentiment towards the pound was better than in recent sessions as investors hoped Britain and the European Union could make some progress in Brexit talks. The pound last week had its strongest run in two months, helped by investors cutting their bets against the currency and some buying from traders who believe Britain can avoid a no-deal Brexit in October, when the country is due to leave the EU.Prime Minister Boris Johnson will meet French President Emmanuel Macron and German Chancellor Angela Merkel this week ahead of a G7 summit on Aug. 24-26 in Biarritz, France. The pound weakened 0.14% down to $1.2124. Immediate resistance can be seen at 1.2690 (10 DMA), an upside break can trigger rise towards 1.2759 (Dec 10th High).On the downside, immediate support is seen at 1.2104 (11 DMA), a break below could take the pair towards 1.2016 (12th Aug Low).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Monday, as risk appetite gradually returned to global markets. U.S. stocks opened higher on Monday as signs of an interest rate reform in China bolstered hopes that major economies would act to stave off the slowing economic effects of escalating global trade tensions. Meanwhile, the price of oil rose following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs of progress in U.S.-China trade negotiations. The Canadian dollar was last trading 0.51 percent lower at C$1.3330 to the greenback. Immediate resistance can be seen at 1.3400 (Psychological Level), an upside break can trigger rise towards 1.3424 (Higher Bollinger Bands).On the downside, immediate support is seen at 1.3263 (11 DMA), a break below could take the pair towards 1.3212 (21 DMA)
USD/JPY: The dollar strengthened against the Japanese yen on Monday, as risk sentiment improved after a week of turmoil on hopes major central banks would launch fresh stimulus measures to lift their sluggish economies. Optimism about government action to calm U.S. recession concerns, triggered by last week’s inversion of the bond yield curve, grew ahead of the Federal Reserve’s symposium later in the week in Jackson Hole, Wyoming, where analysts said central bankers could announce new measures. The dollar was 0.28 percent lower versus the Japanese yen at 106.63. Strong resistance can be seen at 107.10 (21 DMA), an upside break can trigger rise towards 107.67 (50 DMA).On the downside, immediate support is seen at 105.68 (15th Aug low), a break below could take the pair towards 105.00 (Psychological level)
European shares ended higher for a second straight session on Monday on signs that measures would be adopted to prop up growth in major economies, while bond yields rebounded amid improved global sentiment plagued by recession worries.
The UK's benchmark FTSE 100 closed up by 1.02 percent, Germany's Dax ended up by 1.32 percent, and France’s CAC finished the up by 1.34 percent.
U.S. stocks surged on Monday, building on previous session’s rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.
Dow Jones closed up by 0.96 percent, S&P 500 ended up 1.21 percent, Nasdaq finished the day up by 1.35 percent.
U.S. Treasury yields rose on Monday and the yield curve steepened after the Treasury Department late on Friday said it was gauging market interest in issuing new ultra-long-dated debt, and as risk sentiment improved.
Benchmark 10-year notes were last down 21/32 in price to yield 1.611%. The yields have risen from a three-year low of 1.475% on Thursday.
Gold prices fell more than 1% on Monday as concerns eased that major economies could tip into recession, boosting investors’ affinity for risk and detracting from bullion’s safe-haven allure.
Spot gold was down 1% at $1,498.90 per ounce as of 1:47 p.m. EDT (1747 GMT). U.S. gold futures settled down 0.8% at $1,511.60.
Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen's Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a global slowdown.
Brent crude , the international benchmark for oil prices, settled at $59.74 a barrel, rising $1.10, or 1.88%.
U.S. West Texas Intermediate (WTI) crude futures settled at $56.21 a barrel, up $1.34, or 2.44%.
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