America’s Roundup: Dollar weighed down by trade optimism, slowdown fears, Wall Street gains, Gold eases, Oil rises on hopes for US-China trade deal-November 2nd,2019
America's Roundup: Dollar gains versus yen on continued trade deal optimism, Wall Street hits fresh record high, Gold slides over 1%, Oil rebounds to $62 on hopes for U.S.-China trade deal-November 8th,2019
Europe Roundup: Sterling gains as no-deal Brexit chances ease, euro steadies near 1-month low as Euro zone industry output rises, European shares off 4-month peak - Wednesday, November 13th, 2019
Europe Roundup: Sterling consolidates near 1.2800 amid persisting Brexit concerns, euro tumbles ahead of Spanish election, greenback at 3-week peak on U.S.-China trade hopes - Friday, November 8th, 2019
Europe Roundup: DXY pauses downside amid upbeat data and positive signals around US-China trade negotiations, Bullion halts the three-day rise, European indices set to hit fresh multi-month highs - Monday, November 4th 2019
Europe Roundup: Sterling consolidates as PM Johnson begins election battle, euro rebounds on upbeat economic data, European shares nudge lower - Wednesday, November 6th, 2019
Europe Roundup: Sterling steadies as UK economy grows at slowest annual rate, euro holds near 4-week trough amid political turmoil, European shares tumble - Monday, November 11th, 2019
Asia Roundup: Antipodeans steady, dollar halts 5-day losing streak against yen on U.S.-China trade deal hopes, investors eye EZ inflation data - Friday, November 15th, 2019
America’s Roundup: Dollar dips as risk-off mood boosts yen, Wall Street slips, Gold rises, Oil mixed amid U.S. crude stock build-November 15th, 2019
Asia Roundup: Antipodeans tumble on soft Chinese trade figures, dollar near 5-month peak against yen amid renewed hopes of U.S.-China trade deal, Asian shares off 6-month high - Friday, November 8th, 2019
America’s Roundup: Dollar rises versus yen, as risk appetite improves, Wall Street gains, Gold eases, Oil prices gains on U.S.-China trade deal hopes-November 5th,2019
America’s Roundup: Dollar buoyed by U.S.-China tariffs pledge, Wall Street little changed, Oil falls amid doubts over US-China trade deal-November 9th,2019
Asia Roundup: Aussie at 1-month low on downbeat employment data, dollar eases against yen amid renewed U.S.-China trade deal concerns, Asian shares slump - Thursday, November 14th, 2019
America’s Roundup: Dollar little changed after Trump speech reveals little on trade, Gold prices dip, Oil prices dip-November 13th,2019
Asia Roundup: Kiwi at 1-week trough ahead of labour market data, greenback steadies on U.S.-China trade deal optimism, Asian shares surge - Wednesday, November 6th, 2019
America’s Roundup: Dollar steady as case for Fed's pause solidifies, Wall Street slips, Gold gains, Oil falls as U.S.-China trade deal prospects dim-November 14th,2019
Asia Roundup: Antipodeans ease on rate cut talks, greenback gains on U.S.-China trade deal hopes, investors’ eye UK employment report - Tuesday, April 16th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index gained after President Donald Trump's Treasury secretary, Steven Mnuchin, said that trade negotiators made a lot of progress. The greenback against a basket of currencies traded 0.05 percent up at 96.95, having touched a low of 96.75 on Friday, its lowest since Mar. 27. FxWirePro's Hourly Dollar Strength Index stood at -60.31 (Bearish) by 0400 GMT.
EUR/USD: The euro consolidated near a 3-week peak, after Greece Prime Minister Alexis Tsipras stated that repaying earlier expensive International Monetary Fund loans is a significant step for the nation which will create favourable conditions for its economy. The European currency traded flat at 1.1303, having touched a high of 1.1323 on Friday, its highest since Mar. 26. FxWirePro's Hourly Euro Strength Index stood at 114.96 (Highly Bullish) by 0400 GMT. Investors’ attention will remain on German ZEW Survey and EZ construction output, ahead of the U.S. capacity utilization, industrial production, housing market index and Fed Kaplan's 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 1.1273 (Mar. 22 Low), a break below could drag it till 1.1213 (Mar. 28 Low).
USD/JPY: The dollar slightly edged lower after Federal Reserve Bank of Chicago President Charles Evans stated that the central bank should embrace inflation above its target half the time and consider cutting rates if prices do not rise as fast as expected. The major was trading 0.1 percent down at 111.95, having hit a high of 112.09 on Monday, its highest since Mar. 5. FxWirePro's Hourly Yen Strength Index stood at -35.31 (Neutral) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. capacity utilization, industrial production, housing market index and Fed Kaplan's speech. Immediate resistance is located at 112.60 (Dec. 20 High), a break above targets 113.24 (Dec. 5 High). On the downside, support is seen at 111.20 (Apr. 3 Low), a break below could take it lower at 110.53 (Mar. 20 Low).
GBP/USD: Sterling eased, halting a 2-day rally, as investors cautiously awaited UK labor market data, which is expected to show the British unemployment rate and average earnings excluding bonus may remain unchanged at 3.9 percent and 3.4 percent respectively. However, average earnings including bonus component may rise to 3.5 percent from 3.4 percent. Moreover, news that the UK that lawmakers are working to avoid no-deal Brexit supported the British pound. The major traded 0.05 percent down at 1.3091, having hit a high of 1.3132 on Friday; it’s highest since Apr. 4. FxWirePro's Hourly Sterling Strength Index stood at 12.93 (Neutral) 0400 GMT. Investors’ attention will remain on the UK average earnings and unemployment rate, ahead of the U.S. fundamental drivers. 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 1.3022 (Apr. 8 Low), a break below targets 1.3003 (Mar. 21 Low). Against the euro, the pound was trading 0.1 percent down at 86.35 pence, having hit a low of 86.57 on Friday, it’s lowest since Mar. 22.
AUD/USD: The Australian dollar slumped after Reserve Bank of Australia's April board meeting minutes released earlier in the day showed policymakers believed a cut in interest rates would be appropriate given inflation stays low and unemployment trend higher. The Aussie trades 0.3 percent down at 0.7148, having hit a high of 0.7192 on Friday; it’s highest since Feb. 27. FxWirePro's Hourly Aussie Strength Index stood at -51.13 (Bearish) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7128 (10-DMA), a break below targets 0.7070 (Mar. 29 Low). On the upside, resistance is located at 0.7198 (Feb. 27 High), a break above could take it near 0.7235 (Jan. 11 High).
NZD/USD: The New Zealand dollar slipped from an 11-day peak hit in the previous session after the Reserve Bank of New Zealand governor Adrian Orr said an easing bias remains in place for now and a softer global economy contributed to a recent shift to a dovish policy tone. The Kiwi trades 0.05 percent down at 0.6757, having touched a high of 0.6782 on Monday, its highest level Apr. 4. FxWirePro's Hourly Kiwi Strength Index was at 55.75 (Bullish) by 0400 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 traded below 9-month highs after data showed new home prices in China grew slightly faster in March as Beijing rolled out stimulus to boost the economy.
MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.1 percent.
Tokyo's Nikkei rose 0.3 percent to 22,233.37 points, Australia's S&P/ASX 200 index gained 0.3 percent to 6,272.90 points and South Korea's KOSPI surged 0.2 percent to 2,247.07 points.
Shanghai composite index rose 1.4 percent to 3,221.94 points, while CSI 300 index traded 1.7 percent up at 4,044.14 points.
Hong Kong’s Hang Seng traded 0.7 percent higher at 30,009.43 points. Taiwan shares added 0.5 percent to 10,927.85 points
Crude oil prices declined after a Russian minister said the nation and OPEC may boost crude output to fight for market share. International benchmark Brent crude was trading 0.4 percent lower at $70.97 per barrel by 0414 GMT, having hit a high of $71.85 on Friday, its highest since Nov. 8. U.S. West Texas Intermediate was trading 0.4 percent down at $63.30 a barrel, after rising as high as $64.77 last week, its highest since the Nov. 1.
Gold prices plunged, extending losses for the fourth straight session as optimism over the U.S.-China trade talks helped investors retain risk appetite. Spot gold was 0.2 percent down at $1,285.22 per ounce by 0416 GMT, having touched a low of $1,282.43 on Monday, its lowest since April 4. U.S. gold futures shed about 0.2 percent at $1,289.20 an ounce.
The 10-year U.S. Treasury yield was at 2.550 percent, edging back from a 4-week high of 2.574 percent reached on Monday.
The Australian government bond futures rose, with the three-year bond contract up 3 ticks at 98.575. The 10-year contract firmed 2.5 ticks to 98.0650.
The Canadian government bond prices were higher across the yield curve, with the two-year up 6.5 Canadian cents to yield 1.603 percent and the 10-year rising 28 Canadian cents to yield 1.750 percent. The gap between Canada's two-year yield and its U.S. equivalent widened by 2.6 basis points to a spread of 78.6 basis points in favor of the U.S. bond.