America's Roundup: Dollar slips as data disappoints,Wall Street slips, Gold stedies,Oil rises 1% on hopes OPEC will extend supply cuts-October 17th,2019
America's Roundup: Dollar drops to more than one-month low ,Wall Street gains, Gold rises, Oil falls, fanned by inventory rise and global demand worries-October 18th,2019
Europe Roundup: Sterling steadies near 5-month peak, euro rallies as EZ current account surplus widens, European shares plunge - Friday, October 18th, 2019
Asia Roundup: Antipodeans surge on mixed Chinese economic data, greenback tumbles as weak U.S. retail sales support Fed rate cut expectations, Asian shares decline - Friday, October 18th, 2019
America's Roundup: Dollar range-bound as trade optimism fades,Wall Street gains, Gold slips 1%,Oil falls on weaker economic growth forecasts-October 16th,2019
Asia Roundup: Antipodeans at 1-month peak as PBoC stands pat, dollar gains against yen on U.S.-China trade deal hopes, Asian shares rally - Monday, October 21st, 2019
Europe Roundup: Sterling eases on Brexit concerns, dollar gains against yen on U.S.-China trade deal hopes, European shares surge - Wednesday, October 9th, 2019
Europe Roundup: Sterling consolidates near 5-month peak ahead of Brexit vote, euro declines on downbeat German economic data, European shares surge - Tuesday, October 22nd, 2019
America’s Roundup: Dollar weak as Brexit deal boosts euro, sterling, Wall Street dips, Gold dips, Oil falls as China economic concerns outweigh rising refinery runs-October 11th, 2019
America’s Roundup: Dollar up against sterling, euro on revived Brexit fears,Wall Street falls, Gold holds tight range, Oil rises on optimism about prospects for a US-China deal-October 23rd, 2019
Europe Roundup: Sterling breaks above 1.3000 on Brexit deal hopes, greenback rebounds amid U.S.-China trade deal optimism, Europe shares advance - Monday, October 21st, 2019
Asia Roundup: Antipodeans off-highs on soft Chinese trade data, greenback rebounds on U.S.-China trade optimism, Asian shares surge - Monday, October 14th, 2019
America’s Roundup: Dollar slips versus yen as trade tensions weigh, Wall Street dips,Gold rises, Oil falls on U.S.-China talks-Oct 9th,2019
Europe Roundup: Sterling rallies as UK-EU agree on new Brexit deal, dollar rallies against yen amid developments on U.S.-China trade talks, European shares surge - Thursday, October 17th, 2019
Asia Roundup: Aussie gains on upbeat economic data, dollar at 1-week peak against yen on trade deal hopes, investors eye UK GDP figures - Thursday, October 10th, 2019
Asia Roundup: Antipodeans rally on U.S.-China trade talks hopes, greenback at multi-week lows as soft CPI figures support Fed rate cut speculation, investors eye EBC Draghi’s speech - Friday, October 11th, 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
• ECB cuts deposit rate to record low
• U.S. to delay tariff increase on Chinese imports
• U.S. core CPI rises, but Fed still expected to ease
• Mnuchin: govt seriously considering 50-year bond issue next year
• US Continuing Jobless Claims 1,670K, 1,690K forecast, 1,674K previous
• US Jobless Claims 4-Week Avg 212.50K , 216.75K previous
• US Initial Jobless Claims 204K, 215K forecast, 219K previous
• US Aug Core CPI (YoY) 2.4%, 2.3% forecast, 2.2% previous
• US Aug CPI (MoM) 0.1%,0.1% forecast ,0.3% previous
• Canada Jul New Housing Price Index (MoM) -0.1%,-0.1% previous
• Russia Central Bank reserves (USD) 532.7B, 530.5B previous
• US Aug Federal Budget Balance -200.0B, -195.0B forecast, -120.0B previous
Looking Ahead - Economic Data (GMT)
• New Zealand Aug Business NZ PMI 48.2 previous
• Japan Jul Capacity Utilization (MoM) -2.6% previous
• Japan Jul Industrial Production (MoM ) 1.3% forecast,-3.3% previous
Looking Ahead - Events, Other Releases (GMT)
No significant events
EUR/USD: The euro gained against the dollar on Thursday, erasing earlier losses, after the European Central Bank launched new stimulus but failed to live up to some dovish market expectations. The ECB cut its deposit rate to a record low -0.5% from-0.4% and will restart bond purchases of 20 billion euros month from November. It also said it expects bond purchases to run for as long as necessary and end shortly before it starts raising the key ECB interest rates. The euro was up 0.01 percent at $1.1064. An index that tracks the dollar versus a basket of six major currencies was down 0.27 at 98.36. Immediate resistance can be seen at 1.1064 (Daily high), an upside break can trigger rise towards 1.1129 (50 DMA).On the downside, immediate support is seen at 1.1023 (11 DMA), a break below could take the pair towards 1.0926 (Daily low).
GBP/USD: Sterling strengthened against dollar on Thursday, as pound firmed against the dollar, as the euro enjoyed a broad rebound in the wake of the European Central Bank’s new stimulus announcement. The ECB cut its deposit rate by 10 basis points and announced a bond purchase programme of 20 billion euros a month, starting from November, but the move failed to live up to some dovish market expectations, leading to some volatile euro moves. The single currency had initially fallen after the ECB statement but but rebounded across the board as ECB President Mario Draghi hinted at the limits of monetary policy and called on governments to expand budget spending.r the ECB statement. The pound trimmed initial losses to stand up 0.1% on the day at $1.2336. Immediate resistance can be seen at 1.2411 (Higher BB), an upside break can trigger rise towards 1.2432 (Ichimoku Cloud Top).On the downside, immediate support is seen at 1.2272 (5 DMA), a break below could take the pair towards 1.2231 (21 DMA).
USD/CAD: The Canadian dollar weakened to a six-day low against its U.S. counterpart on Thursday, as oil prices fell and investors grew skeptical about a potential thawing of trade tensions between the United States and China. Oil prices fell after a media report cast doubt on the possibility of an interim U.S.-China trade deal and as a meeting of the OPEC+ alliance yielded no decision on deepening crude supply cuts. U.S. crude oil futures settled 1.2% lower at $55.09 a barrel, extending this week's decline. Meanwhile, data from Statistics Canada on Thursday showed that new home prices fell 0.1% in July. Prices have been flat or falling since August 2018. The Canadian dollar was trading 0.2% lower at 1.3215 to the greenback.Immediate resistance can be seen at 1.3220 (9 DMA), an upside break can trigger rise towards 1.3258 (21 DMA).On the downside, immediate support is seen at 1.3118 (Lower BB), a break below could take the pair towards 1.3100 (Psychological level).
USD/JPY: The U.S. dollar strengthened against the yen on Thursday, as rising bond yields and stronger dollar dented deman for safe-haven assets. U.S. Treasury yields climbed to a multi-week peak, tracking German bonds, as hopes of easing U.S.-China trade tensions and expectations of fiscal stimulus measures by global central banks buoyed risk sentiment. The earlier ECB action overshadowed a stronger-than-expected U.S. core inflation number, which posted the largest annual gain in a year. The consumer price index excluding the volatile food and energy components gained 0.3% for a third straight month. Strong resistance can be seen at 108.20 (Daily High), an upside break can trigger rise towards 109.00 (Psychological level).On the downside, immediate support is seen at 107.74 (5 DMA), a break below could take the pair towards 107 .02 (11 DMA).
A gauge of global stock markets rose for a seventh straight day in choppy trading on Thursday after hints of progress in the U.S.-China trade dispute, pushing bond yields off lows hit earlier on the heels of new stimulus measures put forth by the European Central Bank.
The UK's benchmark FTSE 100 closed up by 0.09 percent, Germany's Dax ended up by 0.41 percent, and France’s CAC finished the the day up by 0.44 percent.
Wall Street advanced on Thursday, and the S&P 500 hovered a hair’s breadth below its all-time high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank.
Dow Jones closed up by 0.17 percent, S&P 500 ended up 0.29 percent, Nasdaq finished the day up by 0.30 percent.
U.S. Treasury prices fell on Thursday with 10-year yields hitting five-week highs, following a report that suggests advisers to President Donald Trump were mulling an interim trade deal with China and soft demand at a 30-year bond auction.
In mid-afternoon U.S. trading, U.S. benchmark 10-year note yields were up 5.10 basis points at 1.7837% after hitting rose 1.801%, their highest level since Aug. 5.Thirty-year bond yields were 5.80 basis points higher at 2.2658%. They reached 2.28%, the highest since Aug.12.
Gold prices fell to their lowest level in nearly a month on Tuesday, as rising bond yields and the dollar dented the allure of safe-haven assets.
Spot gold was down 0.4% at $1,492.20 per ounce as of 1:44 p.m. EDT (1744 GMT), having earlier hit its lowest level since Aug. 13, at $1,486. U.S. gold futures settled 0.8% lower at $1,499.20 per ounce.
Oil prices fell about 1% on Thursday after a media report cast doubt on the possibility of an interim U.S.-China trade deal and as a meeting of the OPEC+ alliance yielded no decision on deepening crude supply cuts.
Brent crude futures settled at $60.38 a barrel, shedding 43 cents, or 0.71%. WTI crude futures settled at $55.09 a barrel, losing 66 cents, or 1.18%.