America’s Roundup: Dollar falls on talk of new U.S. stimulus, Wall Street closes higher, Gold slips, Oil prices slip as surge in virus cases raises concerns about demand-November 20th,2020
Europe Roundup:Euro little changed against dollar as vaccine cheers fades ,European shares gain, Gold little changed,Oil rises on hopes for delay to OPEC+ supply increase-November 18th,2020
Asia Roundup: Kiwi at 1-1/2 month peak as Q4 inflation expectations accelerate, greenback steadies amid U.S. election concerns, Asian shares at near 3-year peak - Friday, November 6th, 2020
Asia Roundup: Antipodeans steady near recent peaks, dollar holds firm against yen as investors applaud vaccine development, Asian shares surge - Tuesday, November 10th, 2020
Europe Roundup:Euro gains on optimism over another coronavirus vaccine, European shares slip, Gold dips, Oil prices rise on possible OPEC+ supply action, vaccine hopes-November 17th,2020
Europe Roundup: Euro eases on rising on COVID-19 count, European stocks slide, Gold slips, Oil prices dip as COVID-19 cases outweigh vaccine optimism-November 19th,2020
America’s Roundup: Dollar little changed by optimistic news on another COVID vaccine, Wall Street gains, Gold slides 1%, Oil settles higher boosted by latest COVID-19 vaccine progress-November 17th,2020
Europe Roundup: Sterling down as Britain's economy struggles to maintain recovery ,European shares fall, Gold edges higher, Oil keeps climbing on hopes OPEC+ will hold back supply as COVID-19 cases rise-November 12th,2020
Europe Roundup: Euro gains as investors await clear U.S. election verdict, European stocks dips, Gold steady, Oil falls as virus cases rise, U.S. vote count continues-November 6th,2020
Europe Roundup:Sterling gains against dollar on Brexit, vaccine hopes, European shares hover at eight-month highs, Gold prices gain, Oil prices drop as near-term demand concerns overshadow COVID-19 vaccine hopes-November 10th,2020
Asia Roundup: Kiwi rallies as RBNZ unveils new lending scheme, dollar eases against yen amid concerns over rising virus cases, Asian shares surge as vaccine hopes offset second-wave worries- Wednesday, November 11th, 2020
America’s Roundup: Dollar hits three-week highs versus Japanese yen after vaccine news,Wall Street ends mixed, Gold gains,Oil gains nearly 3% on vaccine hopes, even as nations reimpose lockdowns-November 11th,2020
Europe Roundup:Euro gains on vaccine cheer, European shares gain, Gold slips, Oil prices rise on back of COVID vaccine news-November 23rd,2020
America’s Roundup: Dollar weakens on rising coronavirus case numbers, Wall Street closes lower, Gold range-bound, Oil steady as pandemic lockdown worries offset vaccine hopes-November 18th,2020
Asia Roundup: Kiwi at 20-month peak as negative rate speculations ease, yen gains as investors adjust vaccine expectations, Asian shares surge - Thursday, November 20th, 2020
America’s Roundup: Dollar gains in tug-of-war between vaccine, rising virus cases, Wall Street closes lower, Gold firms, Oil rises about 1%, posts third week of gains on vaccine hopes-November 21st 2020
America’s Roundup: U.S. dollar slides as vaccine news offsets surge in virus cases, Wall Street gains, Gold poised for fifth weekly gain, Oil rises as International Energy Agency boosts demand forecast-July 11th,2020
• Canada June Participation Rate 63.8%, 61.4% previous
• Canada June Employment Change 952.9K, 700.0K forecast, 289.6K previous
• Canada June Unemployment Rate 12.3%, 12.0% forecast, 13.7% previous
• US June Core PPI (MoM) -0.3%,0.1% forecast,-0.1% previous
• US June PPI (YoY) -0.8% -0.2%,-0.8% previous
• US June Core PPI (YoY) 0.1%, 0.4% forecast, 0.3% previous
• US June PPI (MoM) -0.2%, 0.4% forecast, 0.4% previous
• Canada June Part Time Employment Change 464.8K, 70.3K previous
• Canada June Full Employment Change 488.1K, 219.4K previous
• Brazilian June IPCA Inflation Index SA (MoM) 0.31%, -0.36% previous
• Brazilian June CPI (MoM) 2.13%, 0.29% forecast,-0.38% previous
• Russia May Trade Balance 3.67B, 5.50B forecast, 6.24B previous
• Brazilian June CPI (YoY ) 0.26%,2.16% forecast, 1.88% previous
• U.S. Baker Hughes Oil Rig Count 258,185 previous
Looking Ahead – Economic data ahead
• No data ahead
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Friday as investor mood soured as global markets reacted to the end of China's stock market rally and a surge in coronavirus cases in the United States. Investors in Europe have also been in a 'wait and see' mood for days ahead of next week's ECB meeting and the EU summit about the Commission's proposed recovery fund. Immediate resistance can be seen at 1.1300 (23.6% fib), an upside break can trigger rise towards 1.1336 (Higher BB).On the downside, immediate support is seen at 1.1254 (Daily low), a break below could take the pair towards 1.1200 (Psychological level).
GBP/USD: Sterling was little changed against the dollar on Friday as investors mostly stayed on the sidelines as negotiations between Britain and the European Union on a trade deal. This leaves sterling traders unsure how to approach the pound and the currency driven mostly by external factors. Britain is also facing challenges to reviving its economy, badly hit by the coronavirus. Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year, rating agency Moody’s said on Friday. Immediate resistance can be seen at 1.2663 (Higher BB), an upside break can trigger rise towards 1.2700 (Psychological level).On the downside, immediate support is seen at 1.2574 (38.2% fib), a break below could take the pair towards 1.2476 (21 DMA).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Friday as investors weighed a record domestic jobs gain and rising U.S. coronavirus cases, with the loonie recovering from an earlier 10-day low. Canada’s economy added 952,900 jobs in June, mostly in the service sector, as firms reopened following closures triggered by COVID-19, data from Statistics Canada showed. Economists had expected an increase of 700,000. The loonie was trading nearly unchanged at 1.3580 to the greenback, or 73.64 U.S. cents, having touched its weakest intraday level since June 30 at 1.3631. The currency was on track to weaken 0.3% for the week. Immediate resistance can be seen at 1.3633 (38.2%), an upside break can trigger rise towards 1.3667 (Higher BB).On the downside, immediate support is seen at 1.3562 (5 DMA), a break below could take the pair towards 1.3492 (Lower BB).
USD/JPY: The dollar declined against the Japanese yen on Friday as dollars safe-haven allure diminished, on hopes of a potential vaccine for the novel coronavirus that outweighed concerns about the surge in infections in the United States and around the world. The U.S. currency posted its largest weekly percentage loss against a basket of major currencies in a month. The dollar also slid after U.S. producer prices unexpectedly fell 0.2% in June, following a 0.4% rebound in May, as the economy battles depressed demand amid the COVID-19 pandemic. Strong resistance can be seen at 107.18 (50% fib), an upside break can trigger rise towards 107.83 (Higher BB).On the downside, immediate support is seen at 106.60 (Lower BB ), a break below could take the pair towards 106.10 (38.2% fib).
European shares rose on Friday after upbeat industrial output data from Italy and France raised hopes of an economic recovery, even as a spike in coronavirus cases around the world kept gains in check.
UK's benchmark FTSE 100 closed up by 0.76 percent, Germany's Dax ended up by 1.15 percent, France’s CAC finished the day up by 1.01 percent.
The S&P 500 and the Dow advanced on Friday as a positive update from Gilead’s antiviral drug to treat COVID-19 countered nerves over a record rise in coronavirus cases in the United States that threatens to damage Corporate America.
Dow Jones closed ended up by 1.44 percent, S&P 500 closed up by 1.05 percent, Nasdaq was up by 0.66 % percent.
Longer-term U.S. Treasury yields rebounded on Friday, following Wall Street higher as optimism about an antiviral drug to treat COVID-19 countered worries about the economic fallout from a record rise in coronavirus cases in the United States.
The yield on the benchmark 10-year U.S. Treasury note rose 2.8 basis points to 0.6332%, after dipping as low as 0.569% earlier in the session - its lowest level since April 22.
Gold prices on Friday were set to mark a fifth straight weekly gain, hovering above the key $1,800 level as a record surge in U.S. COVID-19 infections bolstered the metal’s safe-haven appeal.
Spot gold prices were little changed at $1,802.26 per ounce by 10:58 a.m. EDT (1458 GMT), and were up about 1.5% for the week, having soared to their highest since Sept. 2011 at $1,817.71 on Wednesday. U.S. gold futures rose 0.3% to $1,809.50 per ounce.
Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption.
Brent crude settled up 89 cents, or 2%, at $43.24 a barrel and U.S. oil settled up 93 cents, or 2.4%, at $40.55 a barrel.