Asia Roundup: Yen rallies against dollar as U.S.-China tensions escalate, Asian shares decline, investors eye U.S. weekly unemployment benefit claims - Thursday, July 23rd, 2020
America’s Roundup: Dollar hits two-year lows as Fed affirms dovish stance, Wall Street closes higher, Gold gains, Oil edges up after sharp U.S. crude inventory drop-July 30th,2020
Europe Roundup: Euro's advance slows as risk sentiment falters, European shares slip,Gold retreats more than 1%, Oil prices slide as virus surge weighs on demand outlook-July 30th,2020
Asia Roundup: Dollar steadies across the board on U.S. stimulus hopes, gold eases from record peak on profit taking, Asian shares nudge higher - Tuesday, July 28th, 2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street closes lower, Gold retreats from record peak,Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
Asia Roundup: Dollar slumps against yen as investors eye Fed policy meeting outcome, U.S. stimulus talks; Asian shares nudge lower - Wednesday, July 29th, 2020
Europe Roundup: Sterling heads lower after early gains, European shares dips,Gold edges back from record peak, Oil falls as rising virus cases overshadow demand recovery-August 4th,2020
Asia Roundup: Yen at 1-month peak on U.S.-China tensions, Asian shares off 6-month high, investors eye EZ Markit PMI - Friday, July 24th, 2020
America’s Roundup: Dollar falls to two-year low, Wall Street rises, Gold hits record high, Oil rises on hopes for U.S. stimulus measure-July 28th,2020
America’s Roundup: U.S. dollar skids to 4-month low, Wall Street closes lower, Gold jumps 1%,Oil falls on coronavirus demand concerns, weak U.S. jobs numbers-July 24th,2020
Asia Roundup: Aussie steadies as RBA keeps policy steady, dollar gains against yen as investors await U.S. stimulus deal, Asian shares surge - Tuesday, August 4th, 2020
America’s Roundup: Dollar heads for steepest monthly drop in decade, Wall Street gains, Gold rises, Oil posts monthly gains as U.S. reports record output cuts in May-August 1st,2020
America’s Roundup: Dollar slides as Trump's election tweet rattle markets,Wall Street falls ,Gold retreats, Oil down nearly 4% as virus surge weighs on demand outlook-July 31st,2020
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,2020
America’s Roundup: Dollar gains on upbeat manufacturing data,Wall Street jumps, Gold pulls back from record high, Oil rises more than 1% on hopes for economic recovery-August 4th,2020
Asia Roundup: Aussie gains on upbeat retail sales, greenback slumps amid U.S. stimulus doubts, Asian shares surge - Wednesday, July 22nd, 2020
America’s Roundup: Dollar records small weekly gain on safe-haven demand, Wall Street climbs, Gold rises, Oil boosted by OPEC+ cuts even as virus weighs on market-June 20th,2020
• Canada April Retail Sales (MoM) -15.1%,-10.0% previous
• US Current Account (Q1)Current Account (Q1) -103.0B, -109.8B previous
• Canada April Core Retail Sales (MoM) -13.5% forecast,-0.4% previous
• Russia May Retail Sales (YoY) -15.3%,-23.4% previous
• Russian April Real Wage Growth (YoY) -8.0% forecast,5.9% previous
• U.S. Baker Hughes Total Rig Count 279 previous
• U.S. U.S. Baker Hughes Oil Rig Count 199 previous
Looking Ahead – Economic data (GMT)
• No economic data ahead
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Friday after an EU summit, in which the bloc will seek to bridge regional divisions over a 750 billion euro coronavirus recovery fund, got underway. European Central Bank head Christine Lagarde told EU leaders that their economy was in a “dramatic fall” and called on the bloc to act to spearhead revival. Sweden, Denmark, Austria and the Netherlands - the bloc’s so-called “frugal four” - say the proposed recovery fund is too big and the allocation of money not sufficiently linked to the pandemic. Immediate resistance can be seen at 1.1241 (5 DMA), an upside break can trigger rise towards 1.1284 (23.6% fib).On the downside, immediate support is seen at 1.1164 (38.2% fib)., a break below could take the pair towards 1.1100(Psychological level).
GBP/USD: Sterling was on track for its worst week since mid-May after fresh data on Friday showed government borrowing had hit record highs, more evidence that the coronavirus-stricken economy was a long way from recovering. Britain’s public debt exceeded economic output for the first time since 1963, when the country was still paying off debt from World War Two. The pound was down 0.4% against the dollar at $1.2378 by 1515 GMT, its lowest since June 1. Immediate resistance can be seen at 1.2425 (50% fib),an upside break can trigger rise towards 1.2518 (38.2% fib).On the downside, immediate support is seen at 1.2311 (50% fib), a break below could take the pair towards 1.2176 (Lower BB).
USD/CAD: The Canadian dollar was little changed against the greenback on Friday after domestic data that was consistent with an economy regaining some ground in May after an April free fall and ahead of a speech next week by Bank of Canada Governor Tiff Macklem.Canadian retail sales plummeted 26.4% in April, Statistics Canada data showed. That was a bigger drop than economists had expected but a flash estimate from the national statistical agency was for sales to rebound 19.1% in May. The Canadian dollar was trading nearly unchanged at 1.3600 to the greenback . Immediate resistance can be seen at 1.3612 (21 DMA), an upside break can trigger rise towards 1.3682 (38.2% fib).On the downside, immediate support is seen at 1.3546 (23.6% fib), a break below could take the pair towards 1.3518 (11 DMA).
USD/JPY: The dollar dipped against the Japanese yen Friday as fears of a second wave of coronavirus infections kept investors cautious. Markets this week have been focused on an uptick in coronavirus cases in many U.S. states, as well as new infections detected in Beijing, raising fears of a return to global lockdowns. The world’s reserve currency, which made small advances in the North American session, gained 0.54% this week against a basket of currencies, its best performance since mid-May. Strong resistance can be seen at 107.05 (5 DMA), an upside break can trigger rise towards 107.41 (11 DMA).On the downside, immediate support is seen at 106.72 (50% fib ), a break below could take the pair towards 106.00(Psychological level).
European shares closed higher on Friday, with defensive plays leading gains as investors remained hopeful that a massive stimulus package will soon be passed even though EU leaders made little progress in negotiations.
UK's benchmark FTSE 100 closed up by 1.18 percent, Germany's Dax ended up by 0.40 percent, France’s cac 40 ended up 0.42.
Wall Street lost ground on Friday, reversing earlier gains as spiking cases of COVID-19 and Apple Inc announcement of fresh store closures heightened concerns that a new round of lockdowns would be imposed and delay an economic recovery.
Dow Jones closed down by 0.80 percent, S&P 500 ended down by 0.56 percent, Nasdaq finished up by 0.03 percent.
U.S. Treasury yields gave up earlier gains on Friday as the spread of the novel coronavirus in some U.S. states cast doubts on whether the economy will bounce back as quickly as hoped.
Benchmark 10-year note yields were little changed on the day at 0.699%, after earlier rising to 0.745%.The yield curve between two-year and 10-year notes was steady on the day at 51 basis points.
Gold gained on Friday as a rise in coronavirus cases raised concerns of a second wave of the pandemic that could compel governments to implement new lockdowns.
Spot gold was up 1.1% to $1,740.79 per ounce by 2:03 p.m. ET (1803 GMT), while U.S. gold futures settled 1.3% up at $1,753 per ounce.