Asia Roundup: Aussie gains on upbeat retail sales, greenback eases as soft U.S. service sector data fans recession worries, Asian shares surge - Friday, October 4th, 2019
Asia Roundup: Kiwi steadies as RBNZ rate cut concerns ease, yen rallies amid caution over U.S.-China trade talks, Asian shares surge - Monday, October 7th, 2019
Asia Roundup: Antipodeans ease on downbeat Chinese factory prices, dollar declines against yen as U.S.-China trade deal, Brexit hopes ebb, Asian shares nudge higher - Tuesday, October 15th, 2019
Europe Roundup: Sterling eases on persisting no-deal Brexit fears, greenback plunges amid renewed Fed rate cut expectations, investors eye U.S. nonfarm payroll report - Friday, October 4th, 2019
America’s Roundup: Dollar flat after FOMC meeting minutes,Wall Street advances, Gold little changed, Oil rises on signs of warming U.S.-China tensions-Oct 10th,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
Americas Roundup: Dollar slides on hopes of Brexit, U.S.-China trade deals, Wall Street jumps ,Gold slides, Oil rises 2% after reports of Iranian tanker attack-October 12th,2019
Europe Roundup: Sterling rallies as EU Barnier's comments stoke Brexit deal hopes, euro plunges as German investor sentiment deteriorates, European shares surge - Tuesday, October 15th, 2019
Europe Roundup: Sterling consolidates as investors await EU response to Brexit offer, euro tumbles on worse-than-expected PPI, European shares volatile - Thursday, October 3rd, 2019
America’s Roundup: Dollar slides vs yen, euro, Wall Street slumps, Gold climbs 1%,Oil slides 2.5% as U.S. inventories build, weak economic data weighs-October 3rd 2019
Europe Roundup: Sterling eases ahead of PM Johnson's final EU Brexit offer, euro declines on ECB Draghi's comments, European shares tumble - Wednesday, October 2nd, 2019
Europe Roundup: Sterling at 3-month peak on Brexit deal hopes, dollar rallies against yen as investors eye U.S.-China trade talk outcome, European shares surge - Friday, October 11th, 2019
America's Roundup: Dollar slips as U.S. jobs-inspired rally fizzles, Wall Street rise, Gold gains, Oil settles up-October 5th,2019
Europe Roundup: Sterling consolidates as no-deal Brexit concerns persist, euro eases as German industrial orders decline more than expected, investors eye Fed Chair Powell's speech - Monday, October 7th, 2019
Asia Roundup: Kiwi rallies on upbeat economic data, dollar gains against yen ahead of U.S.-China trade talks, Asian shares nudge higher - Tuesday, October 8th, 2019
America's Roundup: Dollar dips after U.S. manufacturing data hits 10-year low, Wall Street tumbles, Gold bounces off from two-month lows, Oil prices sink as weak US economic data dims demand outlook-October 2nd 2019
Asia Roundup: Antipodeans at multi-week lows on more easing expectations, yen gains against dollar amid risk-off sentiment, Asian shares consolidate - Friday, June 14th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar surged to a 1-week peak, as investors' await the release of the U.S. retail sales data due later for further insights into the state of domestic demand in the U.S. economy. The greenback against a basket of currencies traded 0.05 percent up at 97.06, having touched a high of 97.09, its highest since June 7. FxWirePro's Hourly Dollar Strength Index stood at 71.61 (Bullish) by 0500 GMT.
EUR/USD: The euro declined, extending losses for the third straight session, as trade disputes between the United States and both China and the European Union stoked fears that German growth will slow or even stall in the second quarter. The European currency traded 0.05 percent down at 1.1272, having touched a low of 1.1268 on Thursday, its lowest since June 7. FxWirePro's Hourly Euro Strength Index stood at -54.48 (Bearish) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies and ECB Lautenschlager and De Guindos' speech, ahead of the U.S. retail sales, capacity utilization, industrial production and business inventories. Immediate resistance is located at 1.1309 (June 6 High), a break above targets 1.1359 (Mar. 18 High). On the downside, support is seen at 1.1251 (June 7 Low), a break below could drag it below 1.1201 (May 14 Low).
USD/JPY: The dollar eased as investor focus turned to next week's Federal Reserve meeting for hints on a possible rate cut amid rising risks to trade and global growth. The pair was trading 0.05 percent down at 108.30, having hit a high of 108.80 on Tuesday, its highest since May 31. FxWirePro's Hourly Yen Strength Index stood at 59.97 (Bullish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. retail sales, capacity utilization, industrial production and business inventories. Immediate resistance is located at 108.87 (50.0% retracement of 109.92 and 107.81), a break above targets 109.47 (78.6% retracement). On the downside, support is seen at 107.88 (June 3 Low), a break below could take it lower at 107.51 (Jan. 4 Low).
GBP/USD: Sterling consolidated near a 3-day low after Boris Johnson won the support of 114 Conservative lawmakers in the first round of the contest to replace Prime Minister Theresa May. The major traded flat at 1.2673, having hit a high of 1.2763 last week; it’s highest since May 21. FxWirePro's Hourly Sterling Strength Index stood at -11.19 (Neutral) 0500 GMT. Investors’ attention will remain on BoE Governor Carney's speech, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2742 (June 6 High), a break above could take it near 1.2798 (May 17 High). On the downside, support is seen at 1.2647 (May 24 Low), a break below targets 1.2580 (May 30 Low). Against the euro, the pound was trading flat at 88.92 pence, having hit a low of 89.32 on Tuesday, it’s lowest since Jan. 15.
AUD/USD: The Australian dollar plunged to a 3-week low as the mixed labour report this week fuelled speculation the RBA would have to cut even deeper, with markets pricing in ever larger, and earlier, rate cuts amid a global shift toward renewed central bank stimulus. The Aussie trades 0.2 percent down at 0.6897, having hit a low of 0.6892, it’s lowest since May 24. FxWirePro's Hourly Aussie Strength Index stood at -26.54 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6871 (May 22 Low), a break below targets 0.6840. On the upside, resistance is located at 0.6959 (May 14 High), a break above could take it near 0.7029 (May 2 High).
NZD/USD: The New Zealand dollar slumped to a 2-week low, as investors wagered that aggressive rate cuts would be required given soft domestic economic data and the fallout from U.S.-China tariffs globally. The Kiwi trades 0.5 percent down at 0.6533, having touched a low of 0.6527 earlier, its lowest level June 3. FxWirePro's Hourly Kiwi Strength Index was at -108.08 (Highly Bearish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6619 (June 4 High), a break above could take it near 0.6681 (June 7 High). On the downside, support is seen at 0.6550 (May 15 Low), a break below could drag it below 0.6513 (May 17 Low).
Asian shares held gains on hopes the Federal Reserve will ease monetary policy soon to counter a slowing global economy.
MSCI's broadest index of Asia-Pacific shares outside Japan consolidated within narrow ranges.
Tokyo's Nikkei rallied 0.4 percent to 21,116.89 points, Australia's S&P/ASX 200 index rose 0.2 percent to 6,554.00 points and South Korea's KOSPI slumped 0.5 percent to 2,091.77 points.
Shanghai composite index fell 0.8 percent to 2,888.36 points, while CSI 300 index traded 0.7 percent down at 3,660.65 points.
Hong Kong’s Hang Seng traded 0.7 percent lower at 27,118.12 points. Taiwan shares shed 0.4 percent to 10,524.67 points
Crude oil prices rose for a second straight session, as attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude flows through one of the world's key shipping routes. International benchmark Brent crude was trading 0.6 percent higher at $61.66 per barrel by 0506 GMT, having hit a low of $59.55 on Wednesday, its lowest since June 5. U.S. West Texas Intermediate was trading 0.4 percent up at $52.38 a barrel, after falling as low as $50.71 on Wednesday, its lowest since the June 5.
Gold prices rose to a 1-week peak and closer to its 14-month high hit last week, as trade and political turmoil, along with U.S. rate cut expectations boosted demand for safe-haven assets. Spot gold was 0.3 percent up at $1,345.43 by 0513 GMT, having touched a high of $1,347.78 earlier, its highest since June 7 and has risen 0.4 percent so far this week. U.S. gold futures rose 0.4 percent to $1,349.50 an ounce.
The Japanese government bond prices broadly rose, with the benchmark 10-year JGB yield and the 20-year yield losing one basis point each, to minus 0.125 percent and 0.245 percent, respectively. The short-dated maturities were a shade stronger, with the two-year yield and the five-year yield off half-a-basis point each, at minus 0.205 percent and minus 0.235 percent, respectively.
The Australian three-year bond contract hit a record high and was last up 1 tick at 99.005. The 10-year contract gained 2.75 ticks to 98.6125, implying a yield of 1.39 percent.
The yields on two-year New Zealand paper dropped to an all-time trough of 1.21 percent.
The Canadian government bond prices were higher across a steeper yield curve. The two-year rose 8.5 Canadian cents to yield 1.402 percent and the 10-year was up 39 Canadian cents to yield 1.455 percent.