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
America's Roundup: Dollar gains ahead of ECB meeting, Wall Street gains, Gold climbs, Oil prices slide 2% after report Trump weighed easing Iran sanctions-September 12th,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
Asia Roundup: Aussie at 1-month peak on upbeat home loan data, greenback halts 4-day losing streak on Fed Powell's comments, Asian shares surge - Monday, September 9th, 2019
America’s Roundup: Dollar struggles to gain on Fed’s mixed messages, Wall Street ends mixed, Gold rises, Oil prices rise as Saudi supply risks come into focus-September 20th, 2019
Asia Roundup: Aussie slumps on weak economic data, Kiwi tumbles as NZ posts current account deficit, greenback steadies ahead of Fed policy decision - Wednesday, September 18th, 2019
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 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
Asia Roundup: Antipodeans decline on downbeat Chinese new home prices, greenback gains ahead of Fed policy meeting, Asian shares tumble - Tuesday, September 17th, 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
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 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
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
Asia Roundup: Antipodeans surge on trade optimism, euro advances after ECB cuts key rate and approves restarting bond purchases, Asian shares rally - Friday, September 13th, 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: 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
Asia Roundup: Antipodeans off lows on China's better-than-expected trade surplus, yen gains on global growth concerns, oil at 7-month lows - Thursday, August 8th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased as investors have increasingly come to fear the trade war will prove protracted enough to drag the world into recession. The greenback against a basket of currencies traded 0.1 percent down at 97.52, having touched a low of 97.21 on Tuesday, its lowest since July 22.
EUR/USD: The euro edged up as the greenback eased on rising expectations of aggressive easing by the U.S. Federal Reserve by the year-end. The European currency traded 0.1 percent up at 1.1209, having touched a high of 1.1249 on Tuesday, its highest since July 19. Investors’ attention will remain on EZ Economic Bulletin, ahead of the U.S. unemployment benefit claims and wholesale inventories. Immediate resistance is located at 1.1263 (July 16 High), a break above targets 1.1322 (July 2 High). On the downside, support is seen at 1.1164 (38.2% retracement of 1.1026 and 1.1249), a break below could drag it below 1.1133 (5-DMA).
USD/JPY: The dollar declined, extending previous session losses, after global central banks slashed rate cuts and indicated more to come as world economic risks grew, boosting the appeal of the safe-haven Japanese yen. The major was trading 0.1 percent down at 106.16, having hit a low of 105.49 on Wednesday, its lowest since Jan 3. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. consumer credit speech. Immediate resistance is located at 106.95 (38.2% retracement of 109.31 and 105.49), a break above targets 107.40 (50% retracement). On the downside, support is seen at 105.52 (Aug. 6 Low), a break below could take it lower at 104.65 (Jan. 3 Low).
GBP/USD: Sterling consolidated above 31-month lows, as investors further priced in the probability of Britain leaving the European Union without a deal in place. The major traded 0.2 percent up at 1.2160, having hit a low of 1.2079 last week, it’s lowest since Jan. 2017. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2253 (38.2% retracement of 1.2522 and 1.2079), a break above could take it near 1.2305 (61.8% retracement). On the downside, support is seen at 1.2079 (Aug. 1 Low), a break below targets 1.2017 (Jan 17, 2017, Low). Against the euro, the pound was trading flat at 92.18 pence, having hit a low of 92.49 on Tuesday, it’s lowest since Sept 2017.
AUD/USD: The Australian dollar rebounded from multi-year lows after China reported a bigger-than-expected increase in the trade surplus for July, as exports jumped unexpectedly while imports fell less-than-expected. Chinese exports rose 3.3 percent in July from a year earlier, while imports declined by less than expected, suggesting some resilience to the drawn-out U.S.-China tariff war. The Aussie trades 0.2 percent up at 0.6773, having hit a low of 0.6677 on Wednesday, it’s lowest since March 2009. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6700, a break below targets 0.6650. On the upside, resistance is located at 0.6800 (August 6 High), a break above could take it near 0.6831 (23.6% retracement of 0.7082 and 0.6677).
NZD/USD: The New Zealand dollar retreated from recent lows as the greenback eased across the board. On Wednesday, the major tumbled to a 3-1/2 year low after the Reserve Bank of New Zealand surprised markets with a bigger than expected interest rate cut and flagged the possibility of negative rates. The Kiwi trades 0.2 percent up at 0.6433, having touched a low of 0.6376 the day before, its lowest level Jan 2016. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6474 (23.6% retracement of 0.6790 and 0.6376), a break above could take it near 0.6534 (38.2% retracement). On the downside, support is seen at 0.6350, a break below could drag it below 0.6300.
Asian shares surged after China reported better trade numbers, offering temporary relief from worries of a global currency war.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.6 percent.
Tokyo's Nikkei rallied 0.5 percent to 20,611.88 points, Australia's S&P/ASX 200 index rose 0.6 percent to 6,560.10 points and South Korea's KOSPI surged 1.3 percent to 1,933.99 points.
Shanghai composite index rose 0.9 percent to 2,792.15 points, while CSI 300 index traded 0.1 percent up at 3,664.55 points.
Hong Kong’s Hang Seng traded 0.6 percent higher at 26,153.03 points. Taiwan shares added 1.05 percent to 10,494.19 points.
Crude oil prices steadied after falling to multi-month lows in the previous session amid concerns that a global economic slowdown would hurt crude demand. International benchmark Brent crude was trading 0.8 percent higher at $57.78 per barrel by 0427 GMT, having hit a low of $55.86 the day before, its lowest since January. U.S. West Texas Intermediate was trading 0.6 percent up at $52.62 a barrel, after falling as low as $50.51 on Wednesday, its lowest since the January.
Gold prices held firm after surpassing the $1,500 mark in the previous session, as central banks around the world slashed interest rates amidst fears of a global recession. Spot gold was trading flat at $1,500.87 per ounce by 0430 GMT, having touched a high of $1,510.29 on Wednesday, its highest since April 2013. U.S. gold futures were down 0.3 percent at $1,515.30 an ounce.
The yields on U.S. 30-year bonds eased as low as 2.123 percent overnight, not far from an all-time low of 2.089 percent set in 2016. 10-year yields dropped further below three-month rates.