Asia Roundup: Aussie near 3-week peak ahead of RBA policy meeting, dollar steadies against yen as investors eye U.S. services sector data, Asian shares at 4-month high - Monday, July 6th, 2020
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
America’s Roundup: Dollar turns higher as focus turns to surging coronavirus cases, Wall Street jumps, Gold gains, Oil up more than 2% on U.S. jobs data but virus fears cap gains-July 3rd 2020
America’s Roundup: Dollar stumbles as jump in coronavirus cases dented the economic outlook, Wall Street ends higher, Gold hits highest since October 2012, Oil flat, near highest since March, after Trump assurance on China trade-June 24th,2020
Europe Roundup: Sterling gains on infrastructure spending promise, Brexit caps gains, European shares gain Gold holds close to near 8-year peak, Oil rises on improving economic data, supply cut-June 29th,2020
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
Europe Roundup: Euro dips on fears of pandemic wave, European stocks rebound, Gold steadies, Oil slips towards $40 on record U.S. inventories, COVID fears-June 25th,2020
Asia Roundup: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 2020
America’s Roundup: Dollar little changed against Japanese yen as virus fears counter gains, Wall Street gains, Gold edges higher, Oil steady as hopeful economic data face spike in virus cases-July 7th,2020
Europe Roundup: Sterling slips further to $1.24, weighed down by Brexit,European shares rise, Gold on course for third weekly gain, Oil prices inch up as demand upswing counters virus concerns-June 26th,2020
Asia Roundup: Aussie retreats from near 4-week peak on fresh lockdowns, dollar rebounds against yen on upbeat service sector data, Asian shares plunge - Tuesday, July 7th, 2020
America’s Roundup: U.S. dollar rises as surge in coronavirus cases boosts haven bid,Wall Street falls, Gold slides, Oil settles lower on rise in U.S. coronavirus cases-June 27th,2020
Europe roundup: Sterling gains as dollar sags, investors eye month-end for trade deal, European stocks surge,Gold steadies off 8-year high, Oil prices gain on fall in U.S. crude stockpiles-July 2nd 2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
America’s Roundup: Dollar gains as virus concerns dents risk appetite, Wall Street ends higher ,Gold steadies, Oil prices climb as U.S. economic data lends support-June 26th,2020
Asia Roundup: Antipodeans at multi-week peak, dollar eases on fading U.S. rate hike expectations, Asian shares rally - Monday, January 7th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index declined to a 5-day low amid a dovish turn by the Federal Reserve. The greenback against a basket of currencies trades 0.3 percent down at 95.96, having touched a low of 95.93 earlier, its lowest since Dec. 5.
EUR/USD: The euro surged to a 5-day peak, as the greenback eased following a decline in the U.S. 2-year and 10-year Treasury yields, indicating that bond traders see less chance of the Fed raising rates this year on the increased likelihood of a growth slowdown in the U.S. economy. The European currency traded 0.2 percent up at 1.1423, having touched a high of 1.1496 on Wednesday, its highest since Nov. 7. Investors’ attention will remain on Eurozone Retail Sales, Sentix Investor Confidence, ahead of the U.S. ISM non-manufacturing PMI and speech from FOMC member Bostic. Immediate resistance is located at 1.1454 (December 27 High), a break above targets 1.1485 (December 20 High). On the downside, support is seen at 1.1360 (December 7 Low), a break below could drag it till 1.1327 (November 23 Low).
USD/JPY: The dollar declined, hovering towards a 9-1/2 month low touched on Thursday, amid growing expectations that the Federal Reserve would put its policy tightening on pause in 2019. The major was trading 0.2 percent down at 108.24, having hit a low of 104.65 last week, its lowest since March 26. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. ISM non-manufacturing PMI and speech from FOMC member Bostic. Immediate resistance is located at 108.89 (January 3 High), a break above targets 109.46 (April 26 High). On the downside, support is seen at 107.65 (April 23 Low), a break below could take it lower 106.98 (April 18 Low).
GBP/USD: Sterling rallied above the 1.2700 handle, despite concerns about whether British Prime Minister Theresa May can convince lawmakers to back her Brexit withdrawal arrangement before scheduled departure date in March. The major traded 0.2 percent up at 1.2746, having hit a low of 1.2373 on Thursday; it’s lowest since April 2017. Investors’ attention will remain on developments surrounding Brexit deal, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2815 (December 31 High), a break above could take it near 1.2884 (November 19 High). On the downside, support is seen at 1.2661 (August 15 Low), a break below targets 1.2600. Against the euro, the pound was trading 0.1 percent down at 89.61 pence, having hit a low of 90.92 on Thursday, it’s lowest since August 18.
AUD/USD: The Australian dollar rose to a 2-1/2 month peak, amid expectations policymakers around the world will take measures to support slowing economic growth. The Aussie trades 0.2 percent up at 0.7127, having hit a low of 0.6744 on Thursday; it’s lowest since April 2009. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7046 (5-DMA), a break below targets 0.6981 (Jan. 2 Low). On the upside, resistance is located at 0.7200 (December 19 High), a break above could take it near 0.7268 (November 22 High).
NZD/USD: The New Zealand dollar advanced to a fresh 2-1/2 month peak after Beijing announced a new round of trade talks with Washington last week. The Kiwi trades 0.2 percent up at 0.6748, having touched a high of 0.6755, its highest level December 21. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6790 (Dec. 21 High), a break above could take it near 0.6817 (Dec. 17 High). On the downside, support is seen at 0.6691 (Dec. 31 Low), a break below could drag it below 0.6653 (Jan. 2 Low).
Asian shares nudged higher as strong U.S. jobs data soothed some of the market's fears about the global outlook.
MSCI's broadest index of Asia-Pacific shares outside Japan traded jumped 1.3 percent.
Tokyo's Nikkei rose 2.4 percent to 20,038.97 points, Australia's S&P/ASX 200 index gained 1.2 percent to 5,683.20 points and South Korea's KOSPI rallied 1.3 percent to 2,036.56 points.
Shanghai composite index surged 0.8 percent to 2,535.78 points, while CSI300 index traded 0.7 percent up at 3,057.34 points.
Hong Kong’s Hang Seng traded 0.7 percent higher at 25,809.48 points. Taiwan shares added 2.2 percent to 9,590.30 points.
Crude oil prices surged, extending gains for the sixth straight session, supported by optimism that talks could soon resolve the trade war between the United States and China. International benchmark Brent crude was trading 0.6 percent up at $57.71 per barrel by 0508 GMT, having hit a high of $58.28 on Friday, its highest since December 18. U.S. West Texas Intermediate was trading 0.8 percent up at $48.65 a barrel, after rising as high as $49.20 on Friday, its highest since the December 18.
Gold prices gained, boosted by a weaker dollar on expectations that the U.S. Federal Reserve might apply brakes on its monetary tightening cycle in 2019. Spot gold was up 0.5 percent at $1,290.75 per ounce by 0512 GMT, having touched a high of $1,298.42 on Friday, its highest level since June 15. U.S. gold futures gained about 0.4 percent to $1,290.70 per ounce.
The Japanese government bonds remained mixed on the first trading day of the week ahead of the country’s 10-year auction and November household spending data, scheduled to be released on January 8 and 10 by 03:35GMT and 23:30GMT respectively. The yield on the benchmark 10-year JGB note, which moves inversely to its price, fell 1-1/2 basis points to -0.016 percent, the yield on the long-term 30-year note jumped 2-1/2 basis points to 0.683 percent and the yield on short-term 2-year traded lower by 16-1/2 basis points at -0.164 percent.
The Australian government bonds slumped across the curve during early Asian session as investors remained optimistic about progress in the US-China trade talks.The yield on Australia’s benchmark 10-year note, which moves inversely to its price, rose 6-1/2 basis points to 2.279 percent, the yield on the long-term 30-year bond also jumped 6 basis points to 2.782 percent and the yield on short-term 2-year up 4 basis points to 1.877 percent.