Asia Roundup: Antipodeans surge on trade optimism, euro advances after ECB cuts key rate and approves restarting bond purchases, Asian shares rally - Friday, September 13th, 2019
America’s Roundup: Dollar slips ahead of Fed rate decision,Wall Street ends mixed, Gold rises, Oil plummets 6% as Saudi minister says supplies fully restored-September 18th,2019
Europe Roundup: Sterling eases as investors eye vote on early election, euro tumbles as EZ growth halves in Q2, markets await U.S. non-farm payroll report - Friday, September 6th, 2019
Europe Roundup: Sterling eases as Brexit uncertainty persists, euro steadies as investors eye ECB policy decision and Draghi’s presser, European shares off 6-week peak - Thursday, September 12th, 2019
America's Roundup: Euro gains as bank relief offsets ECB stimulus, Wall Street ends mixed, Gold eases,Oil dips as demand concerns counter U.S.-China trade hopes-September 14th,2019
Europe Roundup: Sterling eases on worse-than-expected retail sales, Swiss franc rallies as SNB keeps policy steady, European shares surge - Thursday, September 19th, 2019
America’s Roundup: Dollar gains as Fed cuts rates, but easing outlook uncertain, Wall Street sinks, Gold slides 1%,Oil prices extend losses after Saudi pledge to restore lost output-September 19th,2019
Europe Roundup: Swiss franc, yen at 5-week lows as risk appetite improves, greenback gains as U.S. Treasury yields surge, sterling off 6-week peak amid persisting political uncertainty - Tuesday, September 10th, 2019
America's Roundup: Dollar gains on trade optimism, strong U.S. data, Wall Street ends higher, Gold slides 2%, Oil prices slip-September 6th, 2019
Europe Roundup: Sterling at 1-month peak as UK economy shows unexpected strength, euro rallies as EZ investor morale improves, European shares surge - Monday, September 9th, 2019
America’s Roundup: Dollar climbs on U.S. oil stockpile use after Saudi attacks,Wall Street dips, Gold rises 1%.Oil jumps nearly 15% in record trading after attack on Saudi facilities-September 17th, 2019
Europe Roundup: Sterling rallies above 1.2400 on Brexit deal hopes, gold set for third weekly decline, investors eye U.S. retail sales - Friday, September 13th, 2019
America’s Roundup: Dollar gains as risk sentiment improves, Wall Street ends flat, Gold dips to 2-week low, Oil gets boost as new Saudi minister commits to output cuts-September 10th,2019
America's Roundup: Dollar gains ahead of ECB meeting, Wall Street gains, Gold climbs, Oil prices slide 2% after report Trump weighed easing Iran sanctions-September 12th,2019
America's Roundup: Euro gains after ECB decision, yen weakens on trade hopes, Wall Street gains, Gold dips, Oil prices fall 1% on U.S.-China trade doubts, OPEC+ talks-September 13th, 2019
Asia Roundup: Aussie at 6-week peak amid optimism around U.S.-China trade talks, dollar gains against yen as risk appetite improves, Asian shares surge - Wednesday, September 11th, 2019
America's Roundup: Dollar retreats on rising expectations of a rate cut, Wall Street falls, Gold prices climb 1%, Oil plummets, on track for biggest weekly drop in 2019-May 24th, 2019
• U.S., China exchange barbs over Huawei as trade tensions flare
• Fed: U.S. households see slight economic improvement over last year
• Fed's Kaplan says he's 'agnostic' on next Fed rate move
• UK's May hangs on after Brexit gambit backfires
• US May Markit Comp Flash PMI, 50.9, 53.0 previous
• US Apr New Home Sales-Units, 0.673 mln, 0.675 mln forecast, 0.692 mln previous, 0.723 mln revised
• US Apr New Home Sales Chg MM, -6.9%, -2.8% forecast, 4.5% previous, 8.1% revised
• US 18 May, w/e Initial Jobless Claims, 211k, 215k forecast, 212k previous
• US 11 May, w/e Continued Jobless Claims 1.676 mln, 1.670 forecast, 1.660 previous, 1.664 mln revised
• CA Mar Wholesale Trade MM, 1.4%, 0.9% f'cast, 0.3% previous, 0.2% revised
Looking Ahead - Economic Data (GMT)
• 22:45 New Zealand Apr Trade Balance, 922.0 mln previous
• 23:30 Japan Apr CPI, Core Nationwide YY, 0.9% forecast, 0.8% previous
• 23:30 Japan Apr CPI MM NSA, 0.0% previous
Looking Ahead - Events, Other Releases (GMT)
• N/A Eurogroup head Mario Centeno speaks at the Economic Outlook Forum, Lisbon
• 09:15 BoE's Sam Woods' keynote speech at the Building Society Association Annual Conference, London
• 09:30 German Finance Minister Olaf Scholz speaks at the annual conference of finance ministers of the federal states, Berlin
EUR/USD: The euro rose sharply against the U.S. dollar on Thursday, as weaker domestic data and the threat of economic fallout from the trade war with China increased expectations for an interest-rate cut this year weighed on greenback. Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in economic growth was underway. The euro was up 0.29 percent at $1.1182. An index that tracks the dollar versus a basket of six major currencies was down 0.23 at 97.86. Immediate resistance can be seen at 1.1187 (11 DMA), an upside break can trigger rise towards 1.1230 (50 DMA).On the downside, immediate support is seen at 1.1160 (5 DMA), a break below could take the pair towards 1.1100 (Psychological level).
GBP/USD: Sterling weakened against dollar on Thursday, as pressure mounted on Prime Minister Theresa May to name a date for her departure after a backlash over her last-ditch plans for Britain's exit from the European Union. May's final attempt to get colleagues' backing for a divorce deal triggered a revolt on Wednesday by some of her Brexit-supporting ministers, deepening political uncertainty in Britain and sparking another round of selling of the pound. The pound dropped 0.4% to a new 4-1/2 month low of $1.2605, before recovering some of those losses. It is the worst performing major currency in May, and so far has lost more than 3% of its value against the dollar. Immediate resistance can be seen at 1.2655 (5 DMA), an upside break can trigger rise towards 1.2770 (9 DMA).On the downside, immediate support is seen at 1.2600 (Lower Bollinger Band), a break below could take the pair towards 1.2574 (13th Dec 2018 low).
USD/CAD: The Canadian dollar weakened to a six-day low against the greenback and lost ground against other G10 currencies on Thursday, as plunging oil prices overshadowed domestic data showing a stronger-than-expected gain for wholesale trade. The price of oil, one of Canada's major exports, slumped to its lowest since March 13 as global trade tensions dampened the demand outlook. U.S. crude oil futures settled 5.7% lower at $57.91 a barrel, its biggest decline since Dec. 24. At (2016 GMT), the Canadian dollar was last trading 0.3% lower at 1.3478 to the greenback, or 74.19 U.S. cents. The currency touched its weakest intraday level since May 17 at 1.3502.Immediate resistance can be seen at 1.3500 (Psychological Level), an upside break can trigger rise towards 1.3517 (May 17th high).On the downside, immediate support is seen at 1.3475 (9 DMA), a break below could take the pair towards 1.3397 (50 DMA).
USD/JPY: The dollar weakened against the Japanese yen on Thursday, as fears that the U.S-China trade war was escalating into a tech-focused cold war increased demand for safe haven assets. U.S-China trade tensions flared up with U.S. Secretary of State Mike Pompeo accusing Chinese telecom giant Huawei Technologies of lying about its ties to the government and Beijing saying Washington must end its "wrong actions" if it wanted trade talks to continue. Investors worry about further negative impacts the protracted war will have on global growth, with soft economic data from Germany and the euro zone on Thursday being the latest evidence.At (2022 GMT) ,the dollar was 0.77 percent lower versus the Japanese yen at 109.55. Strong resistance can be seen at 109.59 (11 DMA), an upside break can trigger rise towards 110.45 (21 DMA).On the downside, immediate support is seen at 109.45 (9 DMA), a break below could take the pair towards 109.00 (Psychological level).
European shares sank on Thursday as the latest round of U.S.-China trade friction and a soft set of business surveys sapped investors' risk appetite, while pressure on British Prime Minister Theresa to quit added to Brexit concerns.
UK's benchmark FTSE 100 by 1.4percent, the pan-European FTSEurofirst 300 ended the day down by 1.42 percent, Germany's Dax ended down by 1.7 percent, France’s CAC finished the day down by down by 1.7 percent.
The S&P 500 extended its losses slightly on Thursday afternoon after a Federal Reserve statement, and energy stocks led the declines as oil prices fell.
Dow Jones closed down by 1.11 percent, S&P 500 ended down by 1.19 percent, Nasdaq finished the day down by 1.57 percent.
U.S. Treasury yields dropped across the board on Thursday as risk appetite faded amid continued concerns about global growth and a worsening trade conflict between the United States and China.
In late trading, U.S. 10-year note yields fell to 2.293% from 2.393% late on Wednesday, after earlier sliding to 2.292%, its lowest since October 2017.
Gold prices jumped 1% on Thursday as the U.S. dollar pulled back from a two-year peak scaled earlier in the session, and global equities and U.S. Treasury yields slid on escalating U.S.-China trade tensions.
Spot gold climbed 0.9% to $1,284.78 per ounce by (1858 GMT), after rising as much as 1.1% to a one-week peak of 1,287.23.U.S. gold futures for June settled up 0.9% at 1,285.40.
Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six months.
Brent crude futures, the international benchmark, settled down $3.23, or 4.6%, at $67.76 a barrel.
U.S. West Texas Intermediate (WTI) crude futures dropped $3.51, or 5.7%, to $57.91 a barrel. Earlier, the contract touched $57.33 a barrel, the lowest since March 13.