Asia Roundup: Aussie eases on U.S.-China tensions, greenback steadies as U.S. treasury yields resume rise, Asian shares consolidate - Monday, August 10th, 2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
Asia Roundup: Sterling at 5-month peak as BoE stands pat, dollar eases as investors fret over U.S. recovery, Asian shares subdued - Thursday, August 6th, 2020
Europe Roundup:Euro dips on renewed U.S.-Sino tensions, jobs data eyed, European stocks flat, Gold eases, Oil slips below $45 on demand concerns, set for weekly rise-August 7th,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 holds near 1-week high, European stocks maon, Gold loses ground, Oil settles higher on Chinese factory data, U.S. stimulus hopes-August 11th,2020
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
Europe Roundup: Sterling rises to five-month high against dollar as BoE signals sub-zero rates not imminent, European shares dip, Gold flirts with record peak, Oil prices pull back from five-month highs as rising product stocks weigh-August 6th,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
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
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
Asia Roundup: Aussie off 6-month peak on RBA's downbeat economic assessment, greenback steadies near multi-month lows as traders await U.S. nonfarm payrolls, Asian shares ease on U.S.-China tensions - Friday, August 7th, 2020
Europe Roundup: Sterling rises ahead of UK data,, European shares gain, Gold eases, Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut-August 10th,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
Europe Roundup : Euro little changed as investors await Fed meeting, European share flat, Gold eases, Oil prices jump on U.S. inventory drop-July 29th,2020
America’s Roundup: Dollar stays weak amid signs of lagging U.S. economy, Wall Street gains, Gold scales new record, Oil moves up on big crude inventory decline-August 6th,2020
Americas’ Roundup: Dollar trades in narrow range as four-day euro rally fizzles, Wall Street ends lower, Brent at highest since March on U.S. stock draw, recovering demand-May 22nd 2020
• Canada New Housing Price Index (MoM) 0.0%,0.3% previous
• US Initial Jobless Claims 2,438K,2,400K forecast, 2,981K previous
• US Continuing Jobless Claims 25,073K,24,765K forecast, 22,833K previous
• US Jobless Claims 4-Week Avg 3,042.00K, 3,616.50K previous
• Canada ADP Nonfarm Employment Change -226.7K,-177.3K previous
• US May Philadelphia Fed Manufacturing Index -43.1, -41.5 forecast, -56.6 previous
• US May Philly Fed Employment -15.3,-46.7 previous
• US May Philly Fed New Orders -25.7, -70.9 previous
• US May Philly Fed CAPEX Index 15.20 , 12.40 previous
• US May Philly Fed Prices Paid 3.20,-9.30 previous
• US May Philly Fed Business Conditions 49.7, 43.0 previous
• Russia Central Bank Reserves (USD) 562.9B, 562.4B previous
• US May Markit Composite PMI 36.4,27.0 previous
• US Services PMI May 36.9, 30.0 forecast, 26.7 previous
• US May Manufacturing PMI 39.8, 38.0 forecast, 36.1 previous
• US April Leading Index (MoM) 4.4%, -5.5% forecast, -6.7% previous
• US Existing Home Sales (MoM) -17.8% , -18.9% forecast,-8.5% previous
• US April Existing Home Sales 4.33M, 4.30M forecast, 5.27M previous
• US Natural Gas Storage 81B, 83B forecast, 103B previous
Looking Ahead - Events, Other Releases (GMT)
•22:45 New Zealand Retail Sales Quarterly Vs. Year Ago (Q1) 3.3% previous
•22:45 New Zealand Retail Sales (QoQ) (Q1) 0.7% previous
•22:45 New Zealand Core Retail Sales (QoQ) 0.5% previous
•23:30 Japan CPI Apri n.s.a (MoM) -0.2% previous
• 23:30 Japan April National Core CPI (YoY) -0.1% foreast,0.4% previous
• 23:30 Japan April National CPI (YoY) 0.4% previous
• 23:30 Japan National CPI (MoM) 0.0% previous
• 03:00 Japan BoJ Interest Rate Decision -0.10% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro steadied on Thursday after a four-day rising streak that was fuelled by optimism of a closer fiscal union in Europe fizzled out, with U.S.-China tensions and concerning economic data coming to the fore. France and Germany proposed a 500-billion-euro ($543 billion) recovery fund on Monday. The news lifted the euro from the $1.08 levels where it has been languishing for the last two months and pushed it towards $1.10, though the single currency remains more than 4% away from the 2020 highs of $1.15 levels tested in early March.But on Thursday, the euro took a breather, easing down 0.04% to $1.0974 as stock markets across Europe traded in negative territory. Immediate resistance can be seen at 1.1004 (higher BB), an upside break can trigger rise towards 1.1167 (61.8% fib).On the downside, immediate support is seen at 1.0919 (5 DMA), a break below could take the pair towards 1.0831(23.6% fib).
GBP/USD: Sterling edged lower against dollar on Thursday as a combination of weak business activity data and the risk of sub-zero interest rates weighed on the pound. The currency remained under pressure as British five-year government bond yields fell below zero for the first time on Thursday, a day after Britain sold its first government bond with a negative yield.Earlier on Wednesday, IHS Markit’s Flash Composite Purchasing Managers (PMI) data showed Britain’s economy flattened out a bit this month from its nosedive in April caused by the coronavirus lockdown, but remained in the grip of a severe contraction. Immediate resistance can be seen at 1.2337 (21 DMA),an upside break can trigger rise towards 1.2391 (30 DMA).On the downside, immediate support is seen at 1.2201 (5 DMA), a break below could take the pair towards 1.2095 (Lower BB).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Thursday, holding on to gains since the start of the week as oil prices rose and investors grappled with rising tensions between the United States and China. U.S. stock indexes seesawed as growing Sino-U.S. tensions and mixed retail earnings added to worries about the pace of a recovery from a coronavirus-fueled economic slump. The Canadian dollar was trading 0.2% higher at 1.3923 to the greenback, its strongest level since May 11. Immediate resistance can be seen at 1.3971 (5 DMA), an upside break can trigger rise towards 1.3995 (50%fib ).On the downside, immediate support is seen at 1.3930 (38.2% fib), a break below could take the pair towards 1.3856 (23.6% fib).
USD/JPY: The dollar gained against the Japanese yen Thursday as weak Japanese export data and Sino-U.S. trade worries lifted dollar against Japanese yen. Japan’s exports fell the most since the 2009 global financial crisis in April as the coronavirus pandemic slammed world demand for cars, industrial materials and other goods, likely pushing the world’s third-largest economy deeper into recession. The U.S. Dollar Currency Index, which measures the greenback’s strength against six major currencies, was up 0.1% at 99.27. Strong resistance can be seen at 107.83 (Daily high), an upside break can trigger rise towards 108.16 (Higher BB).On the downside, immediate support is seen at 107.43 (5 DMA), a break below could take the pair towards 107.15 (11 DMA).
European shares fell on Thursday, as signs of worsening U.S.-China relations added to concerns over the pace of recovery from the coronavirus-led economic downturn.
UK's benchmark FTSE 100 closed down by 0.77 percent, Germany's Dax ended up by 80 percent, France’s CAC finished the day down by 0.89 percent.
Wall Street receded on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions, raising doubts about the trade deal reached early this year between the world’s two largest economies.
Dow Jones closed down by 0.41 percent, S&P 500 ended down by 0.78 percent, Nasdaq finished down by 0.97 percent.
Gold fell more than 1% on Thursday as investors booked profits from recent rallies and some switched to the safety of cash driven by growing U.S-China trade tensions and doubts about an economic recovery.
Spot gold was down 1.5% to $1,722.78 per ounce by 2:49 a.m. EDT (1849 GMT), having earlier fallen to $1,716.44. U.S. gold futures settled 1.7% lower at $1,721.90.
Global benchmark Brent rose more than 1% on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease coronavirus restrictions on people’s movements.
Brent rose 34 cents, or 1%, to settle at $36.09 per barrel. U.S. West Texas Intermediate crude CLc1 closed up 43 cents, or 1.28%, to $33.92.