Europe Roundup: Pound extends gains on new post-Brexit transition time for swaps trading, Gold dips, European shares retreat, Gold dips, Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus-December 31st,2020
Europe Roundup: Euro rises near 2-1/2 high, European stocks rise, Gold steady, Oil prices up as dollar and U.S. oil inventories fall-December 30th,2020
Europe Roundup: Euro gains on Brexit and vaccine optimism, European shares rally, Gold gains,Oil prices touch multi-month highs as OPEC+ expected to cap output-January 4th,2021
America’s Roundup: Dollar hits near three-week peak, Wall St ends lower,Gold eases, Brent crude falls on renewed lockdowns –January 11tyh,2021
America’s Roundup:Dollar gains at end of tumultuous year,Wall Street ends higher, Gold little changed, Oil edges higher, but posts 20% annual drop in tumultuous 2020-January 1st,2020
America’s Roundup: Dollar sinks to lowest since April 2018, Wall Street closes higher, Gold steady, Oil prices rise as U.S. crude stock draw supports but demand hopes dim-December 31st,2020
Europe Roundup: Sterling rises for a second day as dollar falls European stocks rise ,Gold hits 2-month peak, Oil extends gains after surprise Saudi output cut-January 6th,2020
America’s Roundup: Dollar rebounds off March 2018 low as Georgia elections point to Dem sweep, Wall Street ends mixed, Gold slides more than 2% , Oil rises to 10-month high after Saudi output cut, U.S. inventory draw-January 7th,2021
Europe Roundup: Euro falls after weak Eurozone inflation data, European stocks jumps,Gold firms, Oil hits highest since late Feb on Saudi cuts, U.S. stock draw-January 7th,2020
America’s Roundup: Dollar dips as U.S. stimulus optimism boosts risk taking, Wall Street retreats, Gold gains, Oil rises on hopes U.S. pandemic stimulus will spur fuel demand-December 30th,2020
America’s Roundup: Dollar index on track for biggest weekly gain since November, Wall Street drops, Gold falls 1%, Oil drops over 2% on China lockdowns, U.S. stimulus concerns-January 16th,2021
Europe Roundup: Sterling dips as new lockdown weighs on struggling economy European shares inch higher, Gold hits two-month peak, Oil prices up $1 on OPEC output cut talks, Iran tension-January 5th,2021
America’s Roundup: Dollar index languishing near 2-1/2-year low ,Wall Street ends higher, Gold gains, Oil prices jump 5% on OPEC+ output talks, Iran tension-January 6th,2020
Europe Roundup: Euro creeps back above $1.21, European stocks inches higher, Gold gains,Oil prices rise as investors look to higher demand seen in second half-January 19th,2021
Europe Roundup: Sterling recovers ground against dollar, European stocks edges lower, Gold gains, Oil hits 11-month high towards $57 as Saudi cut supports-January 12th,2021
Europe Roundup: Euro dips against dollar as recovery concerns resurface, European stocks inches lower, Gold gains, Oil slips as Chinese lockdowns, U.S. unemployment data temper gains-January 15th,2021
America’s Roundup: Dollar steady as case for Fed's pause solidifies, Wall Street slips, Gold gains, Oil falls as U.S.-China trade deal prospects dim-November 14th,2019
• Optimism over a U.S.-China trade deal fades
• Russia GDP Quarterly (YoY) (Q3) 1.7%, 1.6% forecast, 0.9% previous
• US Oct Core CPI (YoY) 2.3%,2.4% forecast, 2.4% previous
• US Oct Core CPI (MoM) 0.2%, 0.2% forecast, 0.1% previous
• US Oct Core CPI Index 265.01, 264.60 previous
• US Oct CPI (MoM) 0.4%,0.3% forecast, 0.1% previous
• US Oct CPI (YoY) 1.8% , 1.7% forecast, 1.7% previous
• US Oct CPI Index, n.s.a , 257.35, 257.23 forecast, 256.76 previous
• US Oct CPI Index, s.a 257.27, 256.36 previous
• US Oct CPI, n.s.a (MoM) 0.23%,0.08% previous
• US Oct Real Earnings (MoM) -0.1%,0.1% forecast, -0.1% previous
• US Nov Thomson Reuters IPSOS PCSI 61.23, 62.12 previous
• Brazil Nov Thomson Reuters IPSOS PCSI 49.89, 50.11 previous
Looking Ahead - Economic Data (GMT)
• 23:50 Japan Foreign Bonds Buying 668.1B previous
• 23:50 Japan Foreign Investments in Japanese Stocks 420.9B previous
• 23:50 Japan GDP (YoY) (Q3) 0.8% forecast, 1.3% previous
• 23:50 Japan GDP (QoQ) (Q3) 0.2% forecast, 0.3% previous
• 23:50 Japan GDP Capital Expenditure (QoQ) (Q3) 0.9%, 0.2% previous
• 00:30 Australia Oct Employment Change 15.0K, 14.7K previous
• 00:30 Australia Full Employment Change 26.2K previous
• 00:30 Australia Participation Rate 66.1% forecast, 66.1% previous
• 02:00 China Oct Fixed Asset Investment (YoY) 5.4%,5.4% previous
• 02:00 China Oct Industrial Production (YoY) 5.4%, 5.8% previous
• 02:00 Chinese Unemployment Rate 5.2% previous
Looking Ahead - Events, Other Releases (GMT)
• 19:10 New Zealand RBNZ Gov Speaks
• 22:50 Australia RBA Assist Gov Bullock Speaks
EUR/USD: The euro declined against the U.S. dollar on Wednesday , after consumer prices in October rose more than expected and Federal Reserve Chair Jerome Powell offered an optimistic outlook for the economy. U.S. consumer prices jumped by the most in seven months in October, a report from the Labor Department showed, as the cost of healthcare surged by the most in more than three years. The Fed has cut interest rates three times this year in part due to low inflation. The euro was down 0.04 percent at $1.1004.The dollar index, which measures the greenback against six major currencies, was 0.02 percent higher at 98.35. Immediate resistance can be seen at 1.1040 (50 DMA), an upside break can trigger rise towards 1.1099 (100 DMA).On the downside, immediate support is seen at 1.0990 (50 DMA), a break below could take the pair towards 1.0940 (0th Oct).
GBP/USD: The pound was little changed against the dollar Wednesday, but stayed within recent trading ranges as weak economic data, which should hurt sterling, were more than offset by supportive political developments in Britain. Average weekly earnings rose at a weaker pace in the three months to September in the UK.On top of that, inflation fell in October to its lowest level in nearly three years, official data showed on Wednesday, adding to expectations that the Bank of England’s next move might be an interest rate cut.The British currency was last trading at $1.2843, down 0.01 percent on the day. Immediate resistance can be seen at 1.2900(Nov 11th high), an upside break can trigger rise towards 1.2987(31st 0ct high) .On the downside, immediate support is seen at 1.2822 (5 DMA), a break below could take the pair towards 1.2768 (Nov 8th high).
USD/CAD: The Canadian dollar weakened to a one-month low against its U.S. counterpart on Wednesday, adding to its decline since the Bank of Canada shifted to a more dovish stance as investors became more pessimistic about global trade conflicts. Global shares fell after U.S. President Donald Trump threatened to "substantially" increase tariffs if China failed to agree a trade deal, and he also took a swipe at European Union trade policies.Canada is a major exporter of commodities, including oil, so its economy could be hurt by a more uncertain outlook for global trade. At (1406 GMT), the Canadian dollar was trading 0.1% lower at 1.3253 to the greenback. Immediate resistance can be seen at 1.3276 (200 DMA), an upside break can trigger rise towards 1.3300 (Psychological level).On the downside, immediate support is seen at 1.3207 (50 DMA), a break below could take the pair towards 1.3142 (21 DMA).
USD/JPY: The dollar declined against the Japanese yen on Wednesday, as U.S. President Donald Trump’s speech on the trade ties with China diminished optimism for a deal boosted demand for Japanese yen. Trump on Tuesday said a trade deal was “close” but gave no new details on when or where an agreement would be signed, disappointing investors in what was billed as a major speech on his administration’s economic policies.He also rattled some investors by threatening China with even more tariffs if the two countries do not reach a deal. speech on the trade ties with China diminished optimism for a deal. At 20:37 GMT, the dollar was 0.21 percent lower versus the Japanese yen at 108.77. Strong resistance can be seen at 108.67 (11 DMA), an upside break can trigger rise towards 109.00 (Psychological level).On the downside, immediate support is seen at 108.12(50 DMA), a break below could take the pair towards 107.66 (100 DMA).
European shares retreated from four-year highs on Wednesday, as ambiguity over a U.S.-China trade deal and intensifying unrest in Hong Kong kept investors at bay, while Spanish stocks underperformed as Rome braced for more political uncertainty.
The UK's benchmark FTSE 100 closed up by 0.25 percent, Germany's Dax ended up by 0.09 percent, and France’s CAC finished the day up by 0.39 percent.
Wall Street edged lower on Wednesday as President Donald Trump’s threat to “substantially” raise tariffs if China did not make a trade deal with the United States as well as escalating tensions in Hong Kong kept investors away from riskier assets.
At (20:40 GMT) Dow Jones was up by 0.28 percent, S&P 500 was up by 0.04 percent, Nasdaq was down by 0.08 percent.
U.S. Treasury yields fell on Wednesday as optimism that the United States and China will reach a deal to remove tariffs faded, and as the recent rise in yields was seen as overdone.
Benchmark 10-year note yields to 1.973% on Thursday, which was the highest since August 1, and have climbed from 1.67% on November 1.
Gold gained on Wednesday as U.S. President Donald Trump’s speech on the trade ties with China diminished optimism for a deal and dented risk appetite.
Spot gold rose 0.5% to $1,463.70 per ounce at 11:16 a.m. EDT (1616 GMT). U.S. gold futures rose 0.8% to $1,464.80.
Oil prices fell on Wednesday as prospects for a trade deal between the United States and China faded, weighing on the outlook for the global economy and energy demand.
Brent crude futures fell 45 cents, or 0.7%, to $61.61 a barrel by 1313 GMT, while U.S. West Texas Intermediate crude was at $56.55, down 25 cents or 0.45%.