Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,2020
America’s Roundup: Dollar falls against the yen,Wall Street ends lower,Gold rises, Oil flat as Libya developments counter OPEC+ boost-September 19th,2020
America’ Roundup: Sterling regains lost ground after BoE negative rate talk,Wall Street falls ,Gold slips ,Oil rises 2%, reverses loses as OPEC+ addresses market weakness-September 18th,2020
Europe Roundup: Euro gains as soft U.S. data, uncertainty darken outlook, European share dips, Gold rises, Oil prices mixed as OPEC boost countered by Libyan developments-September 18th,2020
Asia Roundup: Kiwi at over 1-year peak as FinMin Robertson rules out RBNZ’s rate change, greenback plunges on downbeat data, Asian shares edge higher - Friday, September 18, 2020
Asia Roundup: Antipodeans halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 2020
America’s Roundup: Dollar dips dovish U.S. Fed policy bets,Wall Street climbs,Gold gains, Oil edges lower, shrugging off Gulf of Mexico shut-ins-September 16th,2020
Europe Roundup: Euro dips ahead of ECB meeting, European shares rebound, Gold steadies, Oil falls after Saudi cuts prices, China slows imports-September 7th,2020
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 2020
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 2020
Europe Roundup: Sterling falls to 6-week low vs dollar, European shares inch higher, Gold falls, Oil prices reverse some losses but demand concerns persist-September 9th,2020
Europe Roundup: Euro drifts lower ahead of ECB meeting, European stocks slip,Gold eases, Oil slides over 3% to lowest since June on demand fears-September 8th,2020
Asia Roundup: Dollar eases on growing concerns over U.S. stimulus, euro rallies on ECB Lagarde's comments, investors eye U.S. CPI data - Friday, September 11th, 2020
Europe Roundup: Euro dips as Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,2020
Europe Roundup: Euro gains on weaker dollar, all eyes on Fed meeting, European stocks gain, Gold rises, Oil slips as demand concerns rise, Libya output looms-September 14th,2020
Asia Roundup: Aussie consolidates within ranges on mixed economic data, yen slumps as Japan’s economy contracts, Asian shares surge - Tuesday, September 8th, 2020
Asia Roundup: Antipodeans decline as Chinese CPI eases, greenback gains despite dovish Fed minutes, Asian shares plunge - Thursday, April 11th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index steadied after plunging to a near 2-week low in the prior session as minutes from Federal Reserve's March 19-20 meeting showed policymakers agreed to be patient about any changes to interest rate policy as they saw the U.S. economy weathering a global slowdown without a recession in the next few years. The greenback against a basket of currencies traded 0.05 percent up at 96.93, having touched a low of 96.85 on Wednesday, its lowest since Mar. 28. FxWirePro's Hourly Dollar Strength Index stood at -100.36 (Highly Bearish) by 0500 GMT.
EUR/USD: The euro rose, extending previous session gains after ECB President Mario Draghi raised the prospect of more support for the struggling eurozone economy if its slowdown persisted. The European currency traded 0.5 percent up at 1.1279, having touched a high of 1.1287 on Thursday, its highest since Mar. 26. FxWirePro's Hourly Euro Strength Index stood at 5.84 (Neutral) by 0500 GMT. Investors’ attention will remain on data from the Eurozone economies, ahead of the U.S. producer price index, unemployment benefit claims and Fed officials' speech. Immediate resistance is located at 1.1331 (Mar. 25 High), a break above targets 1.1361 (Mar. 19 High). On the downside, support is seen at 1.1213 (Mar. 28 Low), a break below could drag it till 1.1176 (Mar. 7 Low).
USD/JPY: The dollar bounced, halting a 3-day losing streak after data released yesterday showed U.S. consumer prices increased by the most in 14 months in March. Moreover, the risk sentiment improved as Federal Reserve policymakers debated possible policy moves the central bank could make after it ends its balance sheet reduction programme by September. The major was trading 0.1 percent up at 111.07, having hit a low of 110.84 on Wednesday, its lowest since Apr. 1. FxWirePro's Hourly Yen Strength Index stood at 17.99 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. producer price index, unemployment benefit claims and Fed officials' speech. Immediate resistance is located at 111.44 (Apr. 1 High), a break above targets 111.92 (Mar. 6 High). On the downside, support is seen at 110.53 (Mar. 20 Low), a break below could take it lower at 110.01 (Mar. 28 Low).
GBP/USD: Sterling steadied above the 1.3100 handle, after European Union leaders gave Britain six more months to leave the EU bloc, indicating that Britain will not crash out on Friday without a treaty to smooth its passage. The major traded 0.1 percent up at 1.3106, having hit a low of 1.2986 on Friday; it’s lowest since Mar. 29. FxWirePro's Hourly Sterling Strength Index stood at 97.39 (Slightly Bullish) 0500 GMT. Investors’ attention will remain on the U.S. fundamental drivers, amid a lack of economic data from the UK docket. Immediate resistance is located at 1.3121 (Apr. 5 High), a break above could take it near 1.3149 (Apr. 1 High). On the downside, support is seen at 1.3030 (Apr. 9 Low), a break below targets 1.3003 (Mar. 21 Low). Against the euro, the pound was trading flat at 86.09 pence, having hit a low of 86.51 on Tuesday, it’s lowest since Mar. 22.
AUD/USD: The Australian dollar eased after rising to a 6-week peak in the previous session after data showed the Chinese consumer price index declined 0.4 percent in March from 1.0 percent. The Aussie trades 0.1 percent down at 0.7161, having hit a high of 0.7174 on Tuesday; it’s highest since Feb. 27. FxWirePro's Hourly Aussie Strength Index stood at 156.26 (Highly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7070 (Mar. 29 Low), a break below targets 0.7041 (Mar. 14 Low). On the upside, resistance is located at 0.7168 (Mar. 21 High), a break above could take it near 0.7198 (Feb. 27 High).
NZD/USD: The New Zealand dollar edged lower after rising for three straight sessions, as the greenback rebounded from a near 2-week low. The Kiwi trades 0.1 percent down at 0.6758, having touched a low of 0.6718 on Friday, its lowest level Jan. 22. FxWirePro's Hourly Kiwi Strength Index was at 111.58 (Highly Bullish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6799 (Apr. 4 High), a break above could take it near 0.6827 (Mar. 5 High). On the downside, support is seen at 0.6706 (Jan. 22 Low), a break below could drag it below 0.6668 (Jan. 4 Low).
Asian shares tumbled, drifting further away from 8-month highs as European and U.S. central banks reinforced investor worries about the global economic outlook and trade protectionism.
MSCI's broadest index of Asia-Pacific shares outside Japan declined 0.3 percent.
Tokyo's Nikkei rose 0.1 percent to 21,711.38 points, Australia's S&P/ASX 200 index fell 0.4 percent to 6,198.70 points and South Korea's KOSPI surged 0.05 percent to 2,224.44 points.
Shanghai composite index declined 1.5 percent to 3,192.41 points, while CSI 300 index traded 2.1 percent down at 4,000.83 points.
Hong Kong’s Hang Seng traded 0.7 percent lower at 29,888.92 points. Taiwan shares shed 0.6 percent to 10,808.77 points
Crude oil prices declined as U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production, while economic concerns raised doubt over growth in demand for fuel. International benchmark Brent crude was trading 0.2 percent down at $71.41 per barrel by 0458 GMT, having hit a high of $71.76 on Wednesday, its highest since Nov. 8. U.S. West Texas Intermediate was trading 0.3 percent down at $64.25 a barrel, after rising as high as $64.77 on Tuesday, its highest since the Nov. 1.
Gold prices eased, but were trading close to a 2-week peak recorded in the prior session as dovish U.S. and European central banks fanned concerns on economic slowdown. Spot gold was down 0.1 percent at $1,306.97 per ounce by 0503 GMT, having touched a high of $1,310.47 on Thursday, its highest since March 28. U.S. gold futures were down about 0.3 percent at $1,310.20 an ounce.
The Japanese government bond prices were mostly firmery, with the 40-year yield hitting a 2-1/2-year low. The benchmark 10-year cash JGB yield fell half a basis point to minus 0.065 percent. In the super-long zone, the 40-year yield shed two basis points to 0.525 percent, its lowest level since early October 2016. The 30-year fell 1.5 basis points to 0.510 percent, while the 20-year yield dropped half a basis point to 0.340 percent.
The Australian government bond futures were quiet, with the three-year bond contract flat at 98.6000. The 10-year contract rose 1.5 ticks to 98.1350.
The yields on New Zealand's two-year bonds at 1.53 percent remain well below the 1.75 percent cash rate.
The Canadian government bond prices were higher across a flatter yield curve, with the two-year rising 4.5 Canadian cents to yield 1.581 percent and the 10-year climbed 37 Canadian cents to yield 1.687 percent.