Europe Roundup: Sterling steadies as investors eye Dec. 12 elections, greenback tumbles amid doubts over U.S.-China trade deal, European shares slump - Thursday, November 21st, 2019
Asia Roundup: Aussie rebounds as business conditions improve, gold consolidates ahead of U.S. President Trump speech, Asian shares plunge - Tuesday, November 12th, 2019
America's Roundup: Dollar falls on trade deal outlook, Gold rebounds, Oil slips as concerns over U.S.-China trade talks drag on-Nov 220th,2019
Europe Roundup: Sterling gains as no-deal Brexit chances ease, euro steadies near 1-month low as Euro zone industry output rises, European shares off 4-month peak - Wednesday, November 13th, 2019
Europe Roundup: Sterling steadies as UK economy grows at slowest annual rate, euro holds near 4-week trough amid political turmoil, European shares tumble - Monday, November 11th, 2019
America’s Roundup: Dollar slips on fresh doubts on trade deal,Wall Street slips, Gold edges down, Oil prices fall almost 2% on trade talks uncertainty-November 19th,2019
America's Roundup: Dollar gains versus yen on continued trade deal optimism, Wall Street hits fresh record high, Gold slides over 1%, Oil rebounds to $62 on hopes for U.S.-China trade deal-November 8th,2019
America’s Roundup: Dollar buoyed by U.S.-China tariffs pledge, Wall Street little changed, Oil falls amid doubts over US-China trade deal-November 9th,2019
America’s Roundup: Dollar little changed after Trump speech reveals little on trade, Gold prices dip, Oil prices dip-November 13th,2019
Asia Roundup: Antipodeans ease on renewed U.S.-China trade tensions, greenback steadies ahead of Fed meeting minutes, Asian shares slump - Wednesday, November 20th, 2019
Asia Roundup: Kiwi halts 5-day losing streak ahead of RBNZ policy meeting, dollar eases against yen amid persisting U.S.-China trade deal concerns, Asian shares plunge - Monday, November 11th, 2019
America’s Roundup: Dollar dips as risk-off mood boosts yen, Wall Street slips, Gold rises, Oil mixed amid U.S. crude stock build-November 15th, 2019
Americas Roundup: Dollar firmer as trade tensions support,Gold slips, Wall Street dips, Oil jumps over 2% after U.S. inventory data, Russia OPEC comments-November 21st,2019
Asia Roundup: Aussie at 1-month low on downbeat employment data, dollar eases against yen amid renewed U.S.-China trade deal concerns, Asian shares slump - Thursday, November 14th, 2019
Europe Roundup: Sterling halts 4-day rally on doubts over Conservative Party's win in election, greenback rebounds as investors await Fed meeting minutes, European shares rally - Tuesday, November 19th, 2019
Europe Roundup: Sterling near 4-week peak on election optimism, gold declines on U.S.-China trade deal hopes, European shares at record peak - Monday, November 18th, 2019
America's Roundup:Dollar rebound on new U.S.-China trade call, Wall Street surges, Gold sheds 2%, Oil soars near 5% on easing U.S.-China trade tensions-August 14th,2019
• U.S. CPI rises in July
• Dollar soars against yen after U.S. makes some concessions
• U.S. to delay some tariffs on Chinese exports
• Oil gains 5% on easing U.S.-China trade tensions
• US Jul Core CPI (YoY), 2.2%, 2.1% forecast,2.1% previous
• US Jul Core CPI (YoY), 0.3%, 0.2% forecast,0.3% previous
• US Jul Core CPI (MoM), 263.57, 263.57 previous
• US Jul Core CPI (MoM), 0.3%, 0.3% forecast,0.1% previous
• US Jul Real Earnings (MoM) -0.3% forecast,0.2% previous
• US Redbook (YoY) 4.4%, 5.1% previous
• US Redbook (YoY) -2.0%,1.1% previous
• US Jul Cleveland CPI (MoM) 0.3%,0.3% previous
Looking Ahead - Economic Data (GMT)
• 23:50 Japan Jun Core Machinery Orders (YoY) -0.6%,-3.7% previous
• 23:50 Japan Jun Core Machinery Orders (MoM) -1.0%,-7.8% previous
• 01.30 Australia Aug Westpac Consumer Sentiment -4.1% previous
• 01.30 Australia Wage Price Index (YoY) (Q2) 2.3% forecast , 2.3% previous
• 01.30 Australia Wage Price Index (QoQ) (Q2) 0.5% forecast , 0.5% previous
• 02:00 China Jul China Fixed Asset Investment (YoY) 5.9% forecast , 5.8% previous
• 02:00 China Jul Industrial Production (YoY) 6 % forecast , 6.3% previous
• 02:00 China Jul Chinese Industrial Production YTD (YoY) 6 % forecast , 6.3% previous
• 02:00 China Chinese Unemployment Rate 5.1% previous
Looking Ahead - Events, Other Releases (GMT)
No Significant Events
EUR/USD: The euro declined against the U.S. dollar on Tuesday, after the United States reported that consumer prices in July increased. The Labor Department on Tuesday reported that the consumer price index increased 0.3% last month, lifted by gains in the cost of energy products and a range of other goods. The CPI had edged up 0.1% for two straight months. In the 12 months through July, the CPI increased 1.8% after advancing 1.6% in June. Economists polled had forecast the CPI would accelerate 0.3% in July and rise 1.7% on a year-on-year basis. Financial markets have fully priced in an interest rate cut in September. Expectations that rates will be cut by 25 basis points rose to 92.7% from 84.6% a day prior as fewer traders bet on a more dramatic 50-basis-point cut next month. Immediate resistance can be seen at 1.1238 (50 DMA), an upside break can trigger rise towards 1.1290 (200 DMA).On the downside, immediate support is seen at 1.1162 (11 DMA), a break below could take the pair towards 1.1100 (Psychological level).
GBP/USD: Sterling held near a 2-1/2 year low against dollar on Tuesday, as concerns about a no-deal Brexit dominated sentiment despite data showing wage growth in the United Kingdom rose to an 11-year high. Britain's labour market showed unexpected strength in the second quarter with total earnings growth, including bonuses, rising by an annual 3.7% in the three months to June, the highest rate since June 2008. Strong labour data could put pressure on the Bank of England to hold interest rates. Presently, money markets give a 68% chance of a one quarter point rate cut by end-December. Immediate resistance can be seen at 1.2116 (11 DMA), an upside break can trigger rise towards 1.2207 (Aug 6th high).On the downside, immediate support is seen at 1.2017 (38.2% retracement level), a break below could take the pair towards 1.1964 (Lower Bollinger Band).
USDCAD: The Canadian dollar strengthened to its highest in nearly three weeks against its U.S. counterpart on Tuesday after news showed U.S. and Chinese officials held a telephone call to discuss tariffs and planned another call in two weeks, easing concerns about the U.S.-Sino trade war.The Trump administration will delay imposing a 10% tariff on certain Chinese products, including laptops and cell phones, that had been scheduled to start next month, the Office of the U.S. Trade Representative later said. The Canadian dollar was trading 0.08% higher at 1.3227 to the greenback. The currency pair traded in a range of 1.3313 to 1.3397. Immediate resistance can be seen at 1.3295 (Daily High), an upside break can trigger rise towards 1.3341 (Bollinger Bands).On the downside, immediate support is seen at 1.3168 (21 DMA), a break below could take the pair towards 1.3100 (Psychological level).
USD/JPY: The U.S. dollar strengthened against the yen on Tuesday, after the Trump administration said it would delay 10% tariffs on some Chinese products scheduled to begin next month, a significant concession in the trade conflict between Washington and Beijing. The U.S. Trade Representative said it would delay tariffs on laptops and cellphones, among other products, set to be imposed in September. The U.S. dollar rose 1.49% to 106.85 Japanese yen per dollar. The yen is a safe-haven asset which benefits in moments of geopolitical uncertainty and during economic downturns. The U.S.-China trade war had begun to affect economic growth in the United States and raise fears that the conflict could lead to a recession. Strong resistance can be seen at 105.05 (Daily Low), an upside break can trigger rise towards 104.60 (Psychological level).On the downside, immediate support is seen at 105.05 (Daily Low), a break below could take the pair towards 104.60 (Lower Bollinger Band).
European shares fell on Tuesday, as a slew of economic and geopolitical worries including Italy and Argentina’s political uncertainty and unrest in Hong Kong, compelled investors to take refuge in safe harbors like bonds and gold.
The UK's benchmark FTSE 100 closed up by 0.33 percent, Germany's Dax ended up by 0.60 percent, and France’s CAC finished the up by 0.33 percent.
U.S. stocks surged almost 2% on Tuesday as the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 5% surge in shares in iPhone maker Apple Inc.
Dow Jones closed up by 1.46 percent, S&P 500 ended up 1.58 percent, Nasdaq finished the day up by 1.97 percent.
U.S. Treasury yields rose on Tuesday, as risk appetite improved, after the Trump administration delayed imposing a 10% import tariff on laptops, cellphones, video game consoles and a wide range of other products made in China, easing trade tensions between the two world's largest economies for now.
U.S. 10-year note yields hit session highs, while those on 30-year bonds rallied from more than three-year lows. Traders earlier were bracing for 30-year yields sinking to a record low below 2.08%.
Gold fell 2% on Tuesday, reversing course from earlier in the session when it scaled a six-year peak, after the United States said it would delay tariffs on some Chinese products and on news that both sides agreed to continue trade talks.
Spot gold was down 0.7% at $1,501.36 per ounce at 12:29 p.m. EDT (1629 GMT), having earlier hit its highest level since April 2013 at $1,534.31.U.S. gold futures were down 0.3% to $1,512.6 an ounce.
Oil prices rose almost 5% on Tuesday after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months.
Brent futures were up $2.69, or 4.6%, at $61.26 a barrel by 1:33 p.m. EDT (1733 GMT), while U.S. West Texas Intermediate (WTI) crude was up $2.07, or 3.8%, at $57.00.