Europe Roundup: Sterling edges lower as Britain maintains fierce stance on Brexit, European stocks gain, Gold hits 3-week peak, Oil hits one-month high as signs of demand emerge amid coronavirus crisis-May 15th,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
Asia Roundup: Aussie set for first weekly loss in six weeks, greenback gains on stimulus optimism, Asian shares subdued - Friday, May 15th, 2020
Asia Roundup: Aussie eases on Hong Kong unrest, dollar rallies against yen amid hopes of economic recovery, investors eye ECB Lagarde’s speech - Wednesday, May 27th, 2020
Asia Roundup: Dollar rallies against yen on easing of coronavirus lockdowns, Asian shares rally, investors eye U.S. consumer confidence data - Tuesday, May 26th, 2020
America’s Roundup: Dollar weak as euro rises on Franco-German proposal for recovery fund ,Wall Street dips, Gold edges higher ,Oil dips as U.S. Senate grills Fed chair, Treasury secretary –May 20th,2020
Asia Roundup: Aussie eases folloeing RBA Lowe's comments, greenback steadies on FOMC minutes, investors eye EZ Markit PMI's - Thursday, May 21st, 2020
America’s Roundup: Dollar struggles as rising oil prices lift commodity currencies, Wall Street jumps, Gold eases off highs, Oil jumps to two-month high on easing lockdowns, positive vaccine results-May 19th 2020
Europe Roundup: Euro buoyed as investor sentiment improves, European shares gain,Gold eases, Oil prices climb as faith in supply cuts grows-May 26th,2020
Europe Roundup: Euro takes a breather after four-day rising streak, European shares dips, Gold drops 1%,Oil at highest since March on lower U.S. inventories, recovering demand-May 21st 2020
Asia Roundup: Euro rallies on Franco-German proposal for recovery fund, Asian shares consolidate as vaccine hopes ease, investors eye FOMC minutes - Wednesday, May 20th, 2020
America’s Roundup: Dollar up as Powell downplays chances of negative U.S. interest rates ,Wall Street falls, Gold gains, Oil slips more than 1% despite surprise U.S. crude stock drawdown-May 14th,2020
Europe Roundup: Euro rise as investors focus on turns EU recovery plan, European shares edge higher, Gold dips to two-week low, Oil falls on U.S.-China tensions over Hong Kong-May 27th,2020
Europe Roundup: Euro rallies on Franco-German proposal for recovery fund, European shares dips, Gold edges higher, Oil gains on signs of output cuts, improved demand-May 19th,2020
Asia Roundup: Dollar steadies as Hong Kong tensions weigh, euro rallies on massive EU stimulus plan, Asian shares trim gains - Thursday, May 28th, 2020
Europe Roundup: Sterling tumbles on record-low retail data, trade tensions, European shares dip, Gold gains, Oil prices drop as China-U.S. tensions grow –May 22nd 2020
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%.