America’s Roundup: Dollar climbs from four-week low as U.S. stocks decline, Wall Street dips, Gold slips after nine-year high, Oil slips on fears rising COVID-19 cases to clip demand-July 10th,2020
Americas Roundup: U.S. dollar slides to two-week low,Wall Street inches up, Gold smashes through $1,800 level,Oil falls as rise in virus cases, U.S. inventories stall recovery-July 9th,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
Asia Roundup: Aussie eases as virus cases mount, gold steadies near more than 8-year high, Asian shares nudge lower - Wednesday, July 8th, 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
Europe Roundup: Sterling rises to three-week highs on news of Brexit talks, European shares slip, Gold steadies, Oil stable as rising virus cases, higher U.S. crude stockpiles stall recovery-July 8th,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: 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
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
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
Asia Roundup: Aussie extends gains on risk-on trades, yen rallies as COVID-19 cases grow, Asian shares surge - Thursday, July 9th, 2020
Europe Roundup: Sterling rises on delayed response to Sunak's economic plan,European shares gain, Gold rises towards nine-year peak , Oil slips as coronavirus fears offset gasoline recovery signs-July 9th,2020
Europe Roundup: Euro dips against dollar as coronavirus anxiety deepens, European stocks gain, Gold set for fifth weekly gain, Oil dips, heading for weekly loss as virus cases rise-July 10th,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
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
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
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
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased, extending losses for third straight session, amid mixed signals on trade negotiations. The greenback against a basket of currencies traded flat at 98.16, having touched a high of 98.45 on Wednesday, its highest since October 15.
EUR/USD: The euro steadied after falling to an over 1-month low in the previous session as German Economy Minister Peter Altmaier warned that economic developments remained fragile. The European currency traded flat at 1.1022, having touched a low of 1.0989 on Thursday, its lowest since October 15. Investors’ attention will remain on a series of data from the Eurozone economies, EZ final CPI and trade balance, ahead of the U.S. retail sales, capacity utilization rate and business inventories. Immediate resistance is located at 1.1042, a break above targets 1.1062. On the downside, support is seen at 1.0985, a break below could drag it below 1.0957.
USD/JPY: The dollar surged, halting a 5-day losing streak, after White House economic adviser Larry Kudlow stated that the United States is nearing an interim trade pact with China. The major was trading 0.2 percent up at 108.59, having hit a low of 108.24 on Thursday, its lowest since November 4. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. retail sales, capacity utilization rate and business inventories. Immediate resistance is located at 108.89 (5-DMA), a break above targets 109.15 (November 13 High). On the downside, support is seen at 108.29, a break below could take it near at 108.03.
GBP/USD: Sterling consolidated below the 1.2900 handle, amid expectations that Britain’s ruling Conservative Party might win a majority in a December 12 election that could finally end the Brexit impasse. The major traded flat at 1.2877, having hit a high of 1.2897 on Monday, it’s highest since November 5. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2904, a break above could take it near 1.2972 (November 1 High). On the downside, support is seen at 1.2856 (10-DMA), a break below targets 1.2806. Against the euro, the pound was trading flat at 85.59 pence, having hit a high of 85.44 on Thursday, it’s highest since May 7.
AUD/USD: The Australian dollar steadied after falling to a near 1-month low in the previous session on an unexpected rise in the nation's unemployment rate. The Aussie trades 0.1 percent up at 0.6793, having hit a low of 0.6769 on Thursday, it’s lowest since October 17. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6751, a break below targets 0.6708. On the upside, resistance is located at 0.6810, a break above could take it near 0.6834.
NZD/USD: The New Zealand dollar nudged higher after falling from a 9-day peak hit in the previous session, as fresh hopes for a breakthrough in U.S.-China trade talks boosted investor risk sentiment. The Kiwi trades 0.1 percent up at 0.6389, having touched a high of 0.6418 on Thursday, its highest level since November 5. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6405, a break above could take it near 0.6435. On the downside, support is seen at 0.6361 (5-DMA), a break below could drag it below 0.6326.
Asian shares rallied on fresh hopes for a breakthrough in U.S.-China trade talks.
MSCI's broadest index of Asia-Pacific shares outside Japan surged 0.6 percent.
Tokyo's Nikkei rose 0.7 percent to 23,303.32 points, Australia's S&P/ASX 200 index surged 0.9 percent to 6,793.70 points and South Korea's KOSPI rallied 1.1 percent to 2,162.18 points.
Shanghai composite index eased 0.5 percent to 2,896.49 points, while CSI 300 index traded 0.6 percent down at 3,884.72 points.
Hong Kong’s Hang Seng traded 0.3 percent higher at 26,385.17 points. Taiwan shares added 0.7 percent to 11,525.60 points.
Crude oil prices surged as OPEC’s outlook for oil demand next year fueled hopes that the producer cartel and its associates will limit supply when they meet to discuss policy on output next month. International benchmark Brent crude was trading 0.3 percent up at $62.50 per barrel by 0540 GMT, having hit a high of $63.19 on Thursday, its highest since November 6. U.S. West Texas Intermediate was trading 0.2 percent higher at $56.99 a barrel, after rising as high as $57.75 on Thursday, its highest since November 7.
Gold prices declined as risk appetite improved by comments from White House economic adviser Larry Kudlow that the United States is nearing an interim trade pact with China. Spot gold was trading 0.5 percent down at $1,464.90 per ounce by 0548 GMT, having touched a higher of $1,474.52 on Thursday, its highest November 7, but was still set to rise more than 0.5 percent this week. U.S. gold futures were down 0.5 percent at $1,466.30 an ounce.
The Japanese government bond prices eased on revived hopes of a U.S.-China trade deal. The benchmark 10-year JGB futures fell 0.07 point to 153.05. The benchmark 10-year cash JGB yield was flat at minus 0.075 percent, off a seven-month high of minus 0.030 percent touched on Tuesday. The longer maturities fared worse, with the 20-year JGB yield rising 0.5 basis point to 0.300 percent, while the 30-year yield was up 1 basis point at 0.455 percent.