Asia Roundup: Aussie rebounds on upbeat wage data, euro slumps on weak economic outlook, greenback near 4-1/2 month peak as investors eye FMOC minutes - Wednesday, February 19th, 2020
Asia Roundup: Antipodeans ease as virus spreads globally, Japanese yen rallies as virus concern spurs safe-haven demand, Asian shares decline - Monday, February 24th, 2020
America’s Roundup: Dollar dips on virus concerns and consumer data, Wall Street dips, Gold eases, Oil prices rise more than 1%, on course for weekly gain-February 15th,2020
Europe Roundup: Sterling rebounds as recovery in risk appetite hits dollar, European shares dip,Gold retreats from seven-year high, Oil steadies above $56-February 25th,2020
Asia Roundup: Aussie near 11-year low, gold rallies as epidemic fears hit risk appetite, Asian shares plunge - Wednesday, February 26th, 2020
Asia Roundup: Aussie eases following RBA meeting minutes, yen surges as coronavirus concerns linger, investors eye German ZEW survey- Tuesday, February 18th, 2020
Asia Roundup: Antipodeans steady on Fed rate cut expectations, yen rallies as coronavirus spread widens, Asian shares consolidate - Tuesday, February 25th, 2020
Asia Roundup: Aussie near 11-year low as jobs data disappoint, greenback rallies to multi-year peak on stronger risk appetite, Asian shares surge - Thursday, February 20th, 2020
America’s Roundup: Dollar rises with stocks, investors stay cautious, Wall Street bounces, Gold pares gains, Oil prices drop to lowest in more than a year as coronavirus spreads-February 27th,2020
Asia Roundup: Japanese yen rallies as investors stampede to safe-haven assets, greenback at 3-week low as pandemic fears lift Fed rate-cut bets, Asian shares plunge - Friday, February 28th, 2020
Europe Roundup: Euro recovers back above $1.09 level,European stocks slide, Gold gains, Oil prices fall for fifth day to lowest in a year-February 27th,2020
Europe Roundup:Sterling weakens on rate-cut expectations, European shares fall,Gold gains, U.S. crude drops below $50-February 26th,2020
Asia Roundup: Antipodeans slump as persistent virus fears dampen China stimulus, greenback near 3-year peak on upbeat economic data, Euro consolidates ahead of CPI data - Friday, February 21st, 2020
America’s Roundup: U.S. dollar falls as Fed rate cut expectations rise,Wall Street deepens losses, Gold retreats, Oil slips as virus fears outweigh supply cuts-February 26th,2020
Europe Roundup: Euro dips coronavirus outbreak’s pace sparks new fears, European shares slump, Gold jumps over 2%, Oil prices drop 4%-February 24th,2020
Europe Roundup: Euro drops against dollar after bleak German investor survey,European shares slump, Gold rises, Oil drops below $57 on coronavirus impact and OPEC+ delay-February 18th,2020
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
• Fed expected to cut rates on Wednesday
• Saudi to recover oil supplies sooner than expected - sources
• Canada Jul Manufacturing Sales (MoM) -1.3%, -0.3% forecast, -1.4% previous
• US Redbook (YoY) 5.4%.6.4% previous
• US Redbook (MoM) -0.9%,-0.4% previous
• Russia PPI (MoM) -0.6%,-2.7% previous
• Russia PPI (YoY) 0.3%,1.1% previous
• US Capacity Aug Utilization Rate 77.9%, 77.6% forecast, 77.5% previous
• US Aug Industrial Production (MoM) 0.6%,0.2% forecast,-0.1% previous
• US Sep NAHB Housing Market Index 68, 66 forecast, 67 previous
• New Zealand GlobalDairyTrade Price Index 2.0% , -0.4% -0.4%
Looking Ahead - Economic Data (GMT)
• 22:45 New Zealand Current Account (QoQ) (Q2) -1.12B forecast, 0.68B previous
• 22:45 New Zealand Current Account % of GDP (Q2) -3.40% forecast, -3.60% previous
• 23:50 Japan Aug Exports (YoY) -10.9% forecast, -1.6% previous
• 23:50 Japan Aug Imports (YoY) -11.2% forecast, -1.2% previous
• 23:50 Japan Aug Trade Balance -355.9B forecast ,-250.7B previous
• 00:30 Australia MI Leading Index (MoM) 0.1% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro fell to a one-week low against the greenback on Tuesday, as an expected U.S. interest rate cut from the Federal Reserve at upcoming meeting made market anxious. Investors are expecting the Fed to announce a 25 basis point rate cut ahead of Fed’s two-day policy meeting on Wednesday . The euro was up 0.43 percent at $1.0996. An index that tracks the dollar versus a basket of six major currencies was down 0.30 at 98.30. Immediate resistance can be seen at 1.1000 (Psychological level), an upside break can trigger rise towards 1.1130 (Higher Bollinger Band).On the downside, immediate support is seen at 1.0989 (Sep 17th low),a break below could take the pair towards 1.0900 (lower BB).
GBP/USD: Sterling strengthened against dollar on Tuesday, as investors assessed the chances Prime Minister Boris Johnson can strike a Brexit deal with the European Union before Oct. 31. Analysts said investors were continuing to reverse their bets against the currency as they worried about being caught on the wrong side should the pound further extend a rally it started last week Johnson is required by a law passed this month to ask the EU for a three-month delay to Brexit if a deal is not approved by Oct. 19, but British media reported that his team are looking at ways to circumvent it. Johnson said on Monday Brexit would happen on Oct. 31, with or without a deal. Immediate resistance can be seen at 1.2562 (Higher BB), an upside break can trigger rise towards 1.2600 (Psychological level).On the downside, immediate support is seen at 1.2495 (5 DMA), a break below could take the pair towards 1.2389 (10 DMA).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Tuesday, with the currency recovering from a near two-week low hit after weaker-than-expected domestic factory data as the greenback broadly declined. Canadian factory sales slid by 1.3% in July from June, far exceeding the 0.3 percent decrease expected by analysts, as plant maintenance shutdowns weighed on sales in the primary metal and motor vehicle industries, Statistics Canada said. Canada's inflation report for August is due on Wednesday and could help guide expectations for the central bank's interest rate outlook. The Canadian dollar was trading little changed at 1.3243 to the greenback .The currency touched its weakest intraday level since Sept. 4 at 1.3300.Immediate resistance can be seen at 1.3252 (21 DMA), an upside break can trigger rise towards 1.3300 (Psychological level).On the downside, immediate support is seen at 1.3240 (5 DMA), a break below could take the pair towards 1.3218 (11 DMA).
USD/JPY: The U.S. dollar was little against the yen on Tuesday, as investors awaited U.S. Federal Reserve’s two-day monetary policy meeting. The Federal Open Market Committee (FOMC) is widely expected to cut interest rates at its two-day meeting starting later in the day. It would be the central bank’s second such cut after lowering rates in July for the first time since the financial crisis.The expected decision from the Fed could put pressure on the Bank of Japan to ease policy at a meeting due on Thursday. Strong resistance can be seen at 108.49 (Higher BB), an upside break can trigger rise towards 109.00 (Psychological level).On the downside, immediate support is seen at 108.16 (9 DMA), a break below could take the pair towards 106 .82 (21 DMA).
European stocks closed marginally lower on Tuesday as energy shares gave up a chunk of Monday’s big gains and banks lost steam ahead of a likely interest rate cut from the U.S. Federal Reserve.
The UK's benchmark FTSE 100 closed down by 0.01 percent, Germany's Dax ended up by 0.74 percent, and France’s CAC finished the day up by 0.24 percent.
U.S. stocks were modestly lower on Tuesday as investors moved to the sidelines ahead of the Federal Reserve’s two-day policy meeting, while the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded.
Dow Jones closed up by 0.13 percent, S&P 500 ended up 0.26 percent, Nasdaq finished the day up by 0.40 percent.
U.S. Treasury yields fell on Tuesday, ahead of an expected interest rate cut by the Federal Reserve at the conclusion of its two-day policy meeting on Wednesday.
Benchmark 10-year notes were last up 5/32 in price to yield 1.828%, down from 1.843% on Monday.
Gold rose on Tuesday, propped up by expectations for an interest rate cut by the U.S. Federal Reserve, but traded within a relatively narrow range as investors awaited further clarity on the central bank’s stance on future monetary policy.
Spot gold was trading 0.5% higher at $1,505.07 per ounce at 1:38 p.m. EDT (1738 GMT). U.S. gold futures settled up 0.1% at $1,513.40 an ounce.
Oil prices tumbled about 6% on Tuesday after Saudi Arabia’s energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5% of global oil output.
Brent crude futures sank $4.47, or 6.5%, to settle at $64.55 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $3.56, or 5.7%, to settle at $59.34 a barrel.