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
Europe Roundup: Sterling eases as Brexit uncertainty persists, euro steadies as investors eye ECB policy decision and Draghi’s presser, European shares off 6-week peak - Thursday, September 12th, 2019
Europe Roundup: Sterling rallies as UK lawmakers try to avoid no-deal Brexit, euro steadies as Italian political tensions ease, European shares at 1-month peak - September 4th, 2019
America's Roundup: Dollar dips after disappointing factory data, Wall Street rises,Gold steadies near multi-year peak, Oil prices rise over 4% on positive economic data from China-September 5th,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
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 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 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: Dollar gains on trade optimism, strong U.S. data, Wall Street ends higher, Gold slides 2%, Oil prices slip-September 6th, 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
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
Asia Roundup: Antipodeans rally as global tensions abate, greenback steadies on firm U.S. economic data, investors eye EZ Q2 GDP - Friday, September 6th, 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 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: 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
Europe Roundup: Sterling gains as no-deal Brexit fears ease, euro at 1-week peak as new Italian coalition government unveils cabinet, European shares surge - Thursday, September 5th, 2019
Asia Roundup: Antipodeans rebound, dollar steadies against yen as broader sentiment stabilize, investors eye German ZEW survey - Tuesday, May 14th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index consolidated near a 3-1/2 week low hit in the prior session after China announced on Monday it will impose tariffs on more than 5,000 US products worth $60 billion, starting on June 1. The greenback against a basket of currencies traded 0.05 percent down at 97.31, having touched a low of 97.03 on Monday, its lowest since May 1. FxWirePro's Hourly Dollar Strength Index stood at -36.22 (Neutral) by 0400 GMT.
EUR/USD: The euro rose, hovering towards a 2-week peak in the previous session, as investor shifted focus on eurozone industrial production for March and Germany's ZEW economic sentiment index for May. The European currency traded 0.2 percent up at 1.1239, having touched a high of 1.1263 on Monday, its highest since May 1. FxWirePro's Hourly Euro Strength Index stood at 136.98 (Highly Bullish) by 0400 GMT. Investors’ attention will remain on German ZEW survey and EZ industrial production, ahead of the U.S. import and export price index; and speeches by Fed's William and George. 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 rebounded after falling to a 3-month low in the previous session, as broader sentiment stabilized after U.S. President Donald Trump stated that he expected U.S.-China trade negotiations to be successful. The major was trading 0.3 percent up at 109.64, having hit a low of 109.01 on Monday, its lowest since Feb. 1. FxWirePro's Hourly Yen Strength Index stood at -32.31 (Neutral) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. import and export price index; and speeches by Fed's William and George. Immediate resistance is located at 110.04 (38.2% retracement of 111.68 and 109.01), a break above targets 110.67 (61.8% retracement). On the downside, support is seen at 109.01 (May 14 Low), a break below could take it lower at 108.49 (Jan. 31 Low).
GBP/USD: Sterling steadied after falling to a 2-week low in the prior session after a newspaper report suggested the British parliament might still reach a cross-party deal on Brexit, however, doubts about such an agreement limited the upside. The major traded flat at 1.2959, having hit a low of 1.2940 on Monday; it’s lowest since Apr. 30. FxWirePro's Hourly Sterling Strength Index stood at -90.38 (Slightly Bearish) 0400 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 1.2923 (Apr. 30 Low), a break below targets 1.2865 (Apr. 25 Low). Against the euro, the pound was trading 0.2 percent down at 86.73 pence, having hit a low of 86.80 on Monday, it’s lowest since Apr. 23.
AUD/USD: The Australian dollar bounced back from a 4-1/2 month low after Trump said he would meet with Chinese President Xi Jinping at a G20 summit next month. The Aussie trades 0.1 percent up at 0.6952, having hit a low of 0.6940 earlier, it’s lowest since Jan. 3. FxWirePro's Hourly Aussie Strength Index stood at -85.68 (Slightly Bearish) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6921, a break below targets 0.6900. On the upside, resistance is located at 0.6997 (May 9 High), a break above could take it near 0.7069 (Apr. 30 High).
NZD/USD: The New Zealand dollar retreated from a near 1-week low hit in the previous session, as broader sentiment stabilized after Trump said he would meet with Chinese President Xi Jinping at a G20 summit next month. The Kiwi trades 0.2 percent up at 0.6582, having touched a low of 0.6525 on Wednesday, its lowest level Nov. 1. FxWirePro's Hourly Kiwi Strength Index was at -7.52 (Neutral) by 0400 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 after China announced it would impose higher tariffs on $60 billion of U.S. goods following Washington's decision last week to hike its own levies on $200 billion in Chinese imports.
MSCI's broadest index of Asia-Pacific shares outside Japan tumbled 0.9 percent.
Tokyo's Nikkei declined 0.6 percent to 21,067.23 points, Australia's S&P/ASX 200 index plunged 0.9 percent to 6,239.90 points and South Korea's KOSPI surged 0.3 percent to 2,084.34 points.
Shanghai composite index fell 0.2 percent to 2,897.44 points, while CSI 300 index traded 0.1 percent down at 3,664.81 points.
Hong Kong’s Hang Seng traded 1.6 percent lower at 28,093.68 points. Taiwan shares shed 0.4 percent to 10,519.25 points
Crude oil prices rose after rising to a 2-week in the previous session, however, gains were limited amid an escalation in the trade war between the United States and China. International benchmark Brent crude was trading 0.8 percent higher at $70.44 per barrel by 0425 GMT, having hit a high of $72.56 on Monday, its highest since Apr, 30. U.S. West Texas Intermediate was trading 0.7 percent up at $61.23 a barrel, after rising as high as $63.32 on Monday, its highest since the May 2.
Gold prices rallied to a 1-month high as an escalation in U.S.-China trade war sent investors looking for safe-haven assets. Spot gold was trading at $1,299.29 by 0431 GMT, having touched a high of $1,303.21, its highest since Apr. 11. U.S. gold futures were down 0.2 percent at $1,299.20.
The long-dated Japanese government bond prices firmed, with the benchmark 10-year JGB yield easing half-a-basis point to minus 0.055 percent, while the 20-year yield shed 1 basis point to 0.360 percent. The 30-year and 40-year yields each fell half-a-basis point to 0.535 percent and 0.560 percent, respectively.
The Australian government bond futures firmed, with the three-year bond contract up 2 ticks at 98.770. The 10-year contract rose 2.5 ticks to 98.2900.
The New Zealand government bonds were well bid, with two-year yields not far from record lows at 1.425 percent.
The Canadian government bond prices were higher across a flatter yield curve. The 10-year rose 68 Canadian cents to yield 1.661 percent. The 10-year yield dropped 7.2 basis points more than the yield on the 3-month T-bill to leave a spread of 1.4 basis points in favor of the shorter-dated maturity, as the curve inverted.