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: U.S. dollar regains traction in FX markets, Wall Street drops, Gold retreats from near eight-year peak, Oil steadies as economic data overshadows coronavirus worries-July 8th,2020
America’s Roundup: Dollar decline continues as investors parse economic data, earnings, Wall Street advances, Gold firms, Oil slips on surge in COVID-19 infections, U.S.-China tension-July 14th,2020
Asia Roundup: Aussie gains on upbeat retail sales, dollar consolidates within narrow ranges amid holiday-thinned trading, Asian shares at 4-month peak - Friday, July 3rd, 2020
America’s Roundup: Dollar falters as decent U.S. data curbs safe haven demand, Wall Street gains, Gold retreats from near 8-year peak, Oil prices firm on factory, inventory data-July 2nd, 2020
Asia Roundup: Yen rallies on fresh worries over coronavirus and U.S.-China tensions, Asian shares slump, investors eye EZ economic data - Tuesday, July 14th, 2020
Europe Roundup: Sterling nears three-week highs against dollar,European stocks ease from one-month highs, Gold retreats from multi-year peak, Oil down as U.S. virus spike stokes demand worries-July 7th,2020
Europe Roundup: Euro gains amid caution ahead of EU summit, European stocks gain, Gold firms, Oil dips on surge in COVID-19 infections-July 13th,2020
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
America’s Roundup: Dollar recovers some overnight losses , Wall Street gains,Gold steadies near multi-year peak, Oil rises on improving economic data but virus case jump caps gains-June 30th,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: Euro dips as grim data keeps euro under pressure, European shares edge lower, Gold hovers close eight years high, Oil prices drop on prospect of returning Libyan supplies-June 30th,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
Europe Roundup: Euro rises on upbeat Euro zone retail sales data, European shares gain, Gold ticks higher, Oil mixed on tighter supply, surge in U.S. virus cases-July 6th,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
Asia Roundup: Yen rallies as coronavirus worries deepen, gold set for 5th straight weekly gain, Asian shares slump - Friday, July 10th, 2020
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
Economic Data Ahead
Key Events Ahead
DXY: The dollar index traded flat after U.S. Treasury Secretary Steven Mnuchin said on Monday that an additional round of tariffs on Chinese imports will likely be imposed if a trade deal with China has not been reached by December. The greenback against a basket of currencies traded flat at 98.39, having touched a low of 98.20 on Friday, its lowest since September 20.
EUR/USD: The euro consolidated within narrow ranges, amid increasing caution surrounding both Brexit and U.S.-China trade talks. The European currency traded flat at 1.1029, having touched a high of 1.1062 on Friday, its highest since September 20. Investors’ attention will remain on a series of data out of Eurozone economies and EZ ZEW Survey- Economic Sentiment, amid a lack of significant economic data from the U.S. docket. Immediate resistance is located at 1.1059 (78.6% retracement of 1.1109 and 1.0879), a break above targets 1.1084. On the downside, support is seen at 1.0998 (5-DMA), a break below could drag it below 1.0979 (10-DMA).
USD/JPY: The dollar declined, halting a 4-day rally as optimism over trade negotiations between U.S.-China and for an orderly British exit from the European Union started to fade. The major was trading 0.1 percent down at 108.32, having hit a high of 108.62 on Friday, its highest since August 1. Investors’ will continue to track the broad-based market sentiment, as the U.S. economic calendar remains absolutely data empty. Immediate resistance is located at 108.72 (June 17 High), a break above targets 108.99 (July 31 High). On the downside, support is seen at 107.86 (5-DMA), a break below could take it near at 107.31 (September 23 Low)
GBP/USD: Sterling edged up, reversing some of its previous session losses after Prime Minister Boris Johnson said he wants to strike an exit deal at an EU summit on Thursday and Friday to allow an orderly departure on October 31. The major traded 0.1 percent up at 1.2619, having hit a high of 1.2706 on Friday, it’s highest since June 28. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2710, a break above could take it near 1.2762. On the downside, support is seen at 1.2515, a break below targets 1.2459. Against the euro, the pound was trading 0.1 percent up at 87.41 pence, having hit a high of 86.94 on Friday, it’s highest since May 15
AUD/USD: The Australian dollar eased after data showed China’s factory-gate prices declined at their fastest pace in more than three years in September, reinforcing the case for Beijing to unveil further stimulus. The Aussie trades down at 0.6764, having hit a high of 0.6810 on Friday, it’s highest since September 19. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6743 (10-DMA), a break below targets 0.6687. On the upside, resistance is located at 0.6829 (September 5 High), a break above could take it near 0.6869 (September 18 High).
NZD/USD: The New Zealand dollar declined, extending previous session losses, after data showed China's producer price index dropped 1.2 percent year-on-year in September, recording the steepest decline since July 2016. The Kiwi trades 0.1 percent down at 0.6293, having touched a low of 0.6277 on Thursday, its lowest level since October 3. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6348 (September 25 High), a break above could take it near 0.6391 (September 16 High). On the downside, support is seen at 0.6277, a break below could drag it below 0.6249.
Asian shares edged higher as the United States agreed to delay an Oct. 15 increase in tariffs on Chinese goods while Beijing said it would buy as much as $50 billion of U.S. agricultural products.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent.
Tokyo's Nikkei gained 1.9 percent to 22,207.21 points, Australia's S&P/ASX 200 index rallied 0.1 percent to 6,652.00 points and South Korea's KOSPI declined 0.05 percent to 2,067.13 points.
Shanghai composite index eased 0.5 percent to 2,994.08 points, while CSI 300 index traded 0.4 percent down at 3,937.53 points.
Hong Kong’s Hang Seng traded 0.1 percent lower at 26,493.83 points. Taiwan shares added 0.4 percent to 11,111.80 points.
Crude oil prices declined, extending previous session losses as weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-China trade deal announced by President Trump late last week. International benchmark Brent crude was trading 0.5 percent down at $58.86 per barrel by 0507 GMT, having hit a high of $60.66 on Friday, its highest since September 30. U.S. West Texas Intermediate was trading 0.5 percent lower at $53.22 a barrel, after rising as high as $54.91 on Friday, its highest since September 30.
Gold prices steadied below the $1,500 per ounce level as markets braced for talks between Britain and the European Union that will determine how smooth Britain’s departure will be from the trading bloc. Spot gold was trading flat at $1,493.48 per ounce by 0509 GMT, having touched a low of $1,473.88 on Friday, its lowest since October 1. U.S. gold futures were a shade lower at $1,496.90.
The Australian government bonds jumped during Asian trading session after the Reserve Bank of Australia’s (RBA) September monetary policy meeting minutes hinted at further easing, noting "prepared to ease monetary policy further if needed to support sustainable growth in the economy, full employment and the achievement of the inflation target over time". The yield on Australia’s benchmark 10-year note, which moves inversely to its price, plunged 3-1/2 basis points to 1.013 percent, the yield on the long-term 30-year bond also slumped 3-1/2 basis points to 1.600 percent and the yield on short-term 2-year traded nearly 2 basis points lower at 0.703 percent.