Europe Roundup: Swiss franc, yen at 5-week lows as risk appetite improves, greenback gains as U.S. Treasury yields surge, sterling off 6-week peak amid persisting political uncertainty - Tuesday, September 10th, 2019
America’s Roundup: Dollar climbs on U.S. oil stockpile use after Saudi attacks,Wall Street dips, Gold rises 1%.Oil jumps nearly 15% in record trading after attack on Saudi facilities-September 17th, 2019
America's Roundup: Euro gains after ECB decision, yen weakens on trade hopes, Wall Street gains, Gold dips, Oil prices fall 1% on U.S.-China trade doubts, OPEC+ talks-September 13th, 2019
Asia Roundup: Antipodeans ease as China's slowdown deepens, dollar off highs against yen as Saudi facility attacks weaken risk sentiment, oil at 4-month peak - Monday, September 16th, 2019
America's Roundup: Dollar firms, ECB meeting in focus, Wall Street slips, Gold dips to near one-month low, Oil falls on possibility of Iran exports resuming after Trump fires hardline adviser-September 11th, 2019
America’s Roundup: Dollar gains as risk sentiment improves, Wall Street ends flat, Gold dips to 2-week low, Oil gets boost as new Saudi minister commits to output cuts-September 10th,2019
Asia Roundup: Euro consolidates ahead of ECB policy decision, dollar rallies against yen as trade optimism boosts risk sentiment, Asia shares at 6-week peak - Thursday, September 12th, 2019
Europe Roundup: Sterling eases as investors eye vote on early election, euro tumbles as EZ growth halves in Q2, markets await U.S. non-farm payroll report - Friday, September 6th, 2019
Europe Roundup: Sterling rallies above 1.2400 on Brexit deal hopes, gold set for third weekly decline, investors eye U.S. retail sales - Friday, September 13th, 2019
Europe Roundup: Sterling eases on worse-than-expected retail sales, Swiss franc rallies as SNB keeps policy steady, European shares surge - Thursday, September 19th, 2019
America's Roundup:Dollar dips on mixed U.S. payrolls data,Wall Street advances,Gold falls 1%, Oil jumps as Fed signals it could act to sustain expansion-September 7th,2019
Europe Roundup: Sterling consolidates near 6-week peak, Swiss franc, yen declines as China exempts some U.S. goods from retaliatory tariffs, European shares at multi-week peak - Wednesday, September 11th, 2019
America’s Roundup: Dollar slips ahead of Fed rate decision,Wall Street ends mixed, Gold rises, Oil plummets 6% as Saudi minister says supplies fully restored-September 18th,2019
Asia Roundup: Aussie at 6-week peak amid optimism around U.S.-China trade talks, dollar gains against yen as risk appetite improves, Asian shares surge - Wednesday, September 11th, 2019
America’s Roundup: Dollar gains as Fed cuts rates, but easing outlook uncertain, Wall Street sinks, Gold slides 1%,Oil prices extend losses after Saudi pledge to restore lost output-September 19th,2019
Europe Roundup: Sterling off highs amid persisting no-deal Brexit concerns, greenback gains ahead of Fed policy meeting, oil rallies on Saudi facility attacks- Monday, September 16th, 2019
Asia Roundup: Antipodeans ease as U.S.-China trade talks deadlocked; yen rallies as investors await China retaliation, Asian shares plunge - Monday, May 13th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index consolidated near 3-1/2 week lows, as investors braced for threatened countermeasures from China in retaliation for Washington's tariff increase on Friday on $200 billion worth of Chinese goods. The greenback against a basket of currencies traded flat at 97.32, having touched a low of 97.13 on Friday, its lowest since April 18 FxWirePro's Hourly Dollar Strength Index stood at -45.64 (Neutral) by 0500 GMT.
EUR/USD: The euro eased, halting a 3-day winning streak, as the greenback steadied amid escalating U.S.-China trade tensions. The European currency traded 0.05 percent down at 1.1229, having touched a high of 1.1253 on Friday, its highest since May 1. FxWirePro's Hourly Euro Strength Index stood at 60.83 (Bullish) by 0500 GMT. Investors’ attention will remain on speeches by Fed's Rosengren and Clarida, amid a lack of economic data from the Eurozone docket. Immediate resistance is located at 1.1262 (April 22 High), a break above targets 1.1304 (April 18 High). On the downside, support is seen at 1.1187 (May 1 Low) a break below could drag it till 1.1140 (April 24 Low).
USD/JPY: The dollar declined, hovering towards a 3-month trough hit in the prior session, as U.S. and China appeared at a deadlock over trade negotiations after Washington demanded promises of concrete changes to Chinese law, while Beijing remained defiant. The major was trading 0.2 percent down at 109.77, having hit a low of 109.47 on Friday, its lowest since Feb. 4. FxWirePro's Hourly Yen Strength Index stood at -45.64 (Neutral) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of speeches by Fed's Rosengren and Clarida. Immediate resistance is located at 110.32 (38.2% retracement of 111.68 and 109.47), a break above targets 110.84 (61.8% retracement). On the downside, support is seen at 109.47 (May 9 Low), a break below could take it lower at 109.13 (Jan. 29 Low).
GBP/USD: Sterling consolidated within narrow ranges, as traders remained doubtful Prime Minister Theresa May can reach a deal with the opposition on how to leave the European Union. The major traded flat at 1.3007, having hit a low of 1.2967 on Thursday; it’s lowest since Apr. 30. FxWirePro's Hourly Sterling Strength Index stood at -131.27 (Highly Bearish) 0500 GMT. Immediate resistance is located at 1.3049 (Apr. 30 High), a break above could take it near 1.3102 (May 1 High). On the downside, support is seen at 1.2976 (Mar. 29 Low), a break below targets 1.2923 (Apr. 30 Low). Against the euro, the pound was trading flat at 86.31 pence, having hit a low of 86.48 on Thursday, it’s lowest since Apr. 30.
AUD/USD: The Australian dollar tumbled, as the trade conflict escalated, with the United States raising tariffs on $200 billion worth of Chinese goods and China vowed to retaliate. The Aussie trades 0.4 percent down at 0.6973, having hit a low of 0.6962 last week, it’s lowest since Jan. 3. FxWirePro's Hourly Aussie Strength Index stood at 3.80 (Neutral) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6950, a break below targets 0.6921. On the upside, resistance is located at 0.7069 (Apr. 30 High), a break above could take it near 0.7110 (Mar. 19 High).
NZD/USD: The New Zealand dollar eased, after rising for two straight sessions, amid growing anxiety over whether the United States and China will be able to salvage a trade deal. The Kiwi trades 0.3 percent down at 0.6579, having touched a low of 0.6525 on Wednesday, its lowest level Nov. 1. FxWirePro's Hourly Kiwi Strength Index was at -74.76 (Bearish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6653 (May 3 High), a break above could take it near 0.6694 (Apr. 19 High). On the downside, support is seen at 0.6514 (Nov. 1 Low), a break below could drag it below 0.6474 (Oct. 4 Low).
Asian shares tumbled as a deadlock in U.S.-China trade talks and uncertainty over a deal sent investors seeking safety in safe-haven assets.
MSCI's broadest index of Asia-Pacific shares outside Japan slumped 0.5 percent.
Tokyo's Nikkei fell 0.7 percent to 21,191.28 points, Australia's S&P/ASX 200 index declined 0.2 percent to 6,297.60 points and South Korea's KOSPI plunged 1.4 percent to 2,078.20 points.
Shanghai composite index eased 1.5 percent to 2,896.56 points, while CSI 300 index traded 2.4 percent down at 3,659.52 points. Taiwan shares added 1.4 percent to 10,558.29 points
Crude oil prices rose, despite investors fretted over global economic growth prospects amid a standoff in U.S.-China trade talks. International benchmark Brent crude was trading 0.1 percent higher at $70.79 per barrel by 0451 GMT, having hit a low of $68.82 last week, its lowest since Apr, 3. U.S. West Texas Intermediate was trading 0.1 percent down at $61.59 a barrel, after falling as low as $60.02 last week, its lowest since the Mar, 29.
Gold prices declined, reversing most of its previous session gains as the greenback steadied after falling to multi-week lows in the previous session. Spot gold was 0.2 percent down at $1,283.84 per ounce by 0454 GMT, having touched a high of $1,291.36 on Wednesday, its highest since Apr. 15. U.S. gold futures slipped 0.2 percent to $1,284.40 an ounce.
The U.S. benchmark 10-year Treasury note yield inched down to 2.437 percent.
The Japanese government bond prices gained, with the benchmark 10-year JGB yield dropping half-a-basis point to minus 0.055 percent, while the 20-year yield also declined by half-a-basis point to 0.360 percent.
The yields on Australian three-year bonds were at 1.26 percent, just above record lows. Three-year bond futures were up 1 tick at 98.750, while the 10-year contract rose 1 tick to 98.2700.
The yields on New Zealand government bonds were down 1 to 2 ticks across the curve.