Asia Roundup: Aussie rallies to 5-month peak on better-than-expected Chinese service PMI, greenback slumps amid mass protests against racism, Asian shares surge - Wednesday, June 3rd, 2020
Asia Roundup: Dollar steadies as Hong Kong tensions weigh, euro rallies on massive EU stimulus plan, Asian shares trim gains - Thursday, May 28th, 2020
Asia Roundup: Aussie eases on Hong Kong unrest, dollar rallies against yen amid hopes of economic recovery, investors eye ECB Lagarde’s speech - Wednesday, May 27th, 2020
Asia Roundup: Aussie eases as Beijing readies new security law, dollar plunges against yen on rising U.S.-China tension, Asian shares slump - Friday, May 22nd, 2020
Europe Roundup: Sterling tumbles on record-low retail data, trade tensions, European shares dip, Gold gains, Oil prices drop as China-U.S. tensions grow –May 22nd 2020
Europe Roundup: Euro steady as doubts over EU recovery fund arise,European shares gains,Gold gains, Oil prices steady,awaiting confirmation of surprise U.S. inventory build-May 28th,2020
Europe Roundup: Euro hits 11-week high against dollar, European shares gains, Gold slips on recovery hopes. Oil prices rise ahead of OPEC+ meeting on output cuts-June 2nd 2020
Americas’ Roundup: Dollar trades in narrow range as four-day euro rally fizzles, Wall Street ends lower, Brent at highest since March on U.S. stock draw, recovering demand-May 22nd 2020
Europe Roundup: Euro buoyed as investor sentiment improves, European shares gain,Gold eases, Oil prices climb as faith in supply cuts grows-May 26th,2020
Asia Roundup: Aussie near 4-month peak on upbeat Chinese data, dollar slumps amid U.S. riots, Asian shares rally as investors focus on recovery from pandemic - Monday, June 1st, 2020
Europe Roundup: Euro gains for the seventh day against dollar ,European shares rise, Gold dips, Oil tops $40 on OPEC cuts and demand recovery-June 3rd 2020
Europe Roundup: Euro rise as investors focus on turns EU recovery plan, European shares edge higher, Gold dips to two-week low, Oil falls on U.S.-China tensions over Hong Kong-May 27th,2020
America’s Roundup: Dollar falls as other economies enter recovery, Wall Street ends higher, Gold slumps 2%,Oil moves higher, hovers below $40 as doubts emerge over next step on OPEC cuts-June 4th,2020
Europe Roundup: Euro as German survey fuels optimism, European shares rise, Gold dips, Oil falls as U.S.-China tensions take toll-May 25th,2020
Asia Roundup: Aussie eases on worsening U.S.-China tensions, dollar rallies against yen as risk sentiment slightly improves on potential Japanese stimulus, Asian shares consolidate - Monday, May 25th, 2020
Asia Roundup: Aussie eases folloeing RBA Lowe's comments, greenback steadies on FOMC minutes, investors eye EZ Markit PMI's - Thursday, May 21st, 2020
Asia Roundup: Aussie eases as consumer confidence deteriorates, greenback declines on Fed rate cut expectations, Asian shares plunge - Wednesday, June 12th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index declined as expectations for a U.S. central bank rate cut this year rose after a number of Fed officials, including Chairman Jerome Powell, hinted they were open to easing monetary policy. The greenback against a basket of currencies traded 0.1 percent down at 96.64, having touched a low of 96.46 on Friday, its lowest since Mar. 25. FxWirePro's Hourly Dollar Strength Index stood at 2.48 (Neutral) by 0600 GMT.
EUR/USD: The euro rose, hovering closer to a three-month peak scaled last week, ahead of European Central Bank (ECB) President Draghi's speech. Last week, the ECB stated that it would delay the rate hike until middle of next year and offered to pay banks if they pass on the cash borrowed from the central bank to households and firms. The European currency traded 0.1 percent up at 1.1338, having touched a high of 1.1347 on Friday, its highest since Mar. 22. FxWirePro's Hourly Euro Strength Index stood at 84.45 (Bullish) by 0600 GMT. Investors’ attention will remain on series of data from the Eurozone economies and ECB officials' speeches, ahead of the U.S. consumer price index and monthly budget statement. Immediate resistance is located at 1.1359 (Mar. 18 High), a break above targets 1.1402 (Feb. 16 High). On the downside, support is seen at 1.1263 (Mar. 26 Low), a break below could drag it below 1.1201 (May 14 Low).
USD/JPY: The dollar declined, retreating from a 1-week peak hit in the previous session, as increasing expectations the U.S. Federal Reserve could cut interest rates sometime in the next few months dented the bid tone around the major. The pair was trading 0.2 percent down at 108.32, having hit a high of 108.80 on Tuesday, its highest since May 31. FxWirePro's Hourly Yen Strength Index stood at -70.58 (Bearish) by 0600 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. consumer price index and monthly budget statement. Immediate resistance is located at 108.87 (50.0% retracement of 109.92 and 107.81), a break above targets 109.47 (78.6% retracement). On the downside, support is seen at 107.88 (June 3 Low), a break below could take it lower at 107.51 (Jan. 4 Low).
GBP/USD: Sterling edged up, extending previous session gains, after data released yesterday showed UK wage growth in the three months to April rose to 3.1 percent, surpassing forecast of 3 percent, while the jobless rate held at its lowest since 1975. The major traded 0.1 percent up at 1.2727, having hit a high of 1.2763 on Friday; it’s highest since May 21. FxWirePro's Hourly Sterling Strength Index stood at 98.17 (Neutral) 0600 GMT. Investors’ attention will remain on the U.S. fundamental drivers, ahead of the UK RIC's housing price balance. Immediate resistance is located at 1.2763 (June 7 High), a break above could take it near 1.2798 (May 17 High). On the downside, support is seen at 1.2647 (May 24 Low), a break below targets 1.2580 (May 30 Low). Against the euro, the pound was trading 0.1 percent down at 89.09 pence, having hit a low of 89.32 on Tuesday, it’s lowest since Jan. 15.
AUD/USD: The Australian dollar plunged to a 9-day low after domestic data showed consumer confidence eased 0.6 percent in June amid concerns about the economic outlook. The Aussie trades 0.2 percent down at 0.6949, having hit a high of 0.7022 on Friday, it’s highest since May 8. FxWirePro's Hourly Aussie Strength Index stood at -92.89 (Slightly Bearish) by 0600 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6914 (May 15 Low), a break below targets 0.6881 (May 24 Low). On the upside, resistance is located at 0.7029 (May 2 High), a break above could take it near 0.7061 (May 1 High).
NZD/USD: The New Zealand dollar slumped for the third straight session, as data on electronic retail card spending surprised by showing a 0.5 percent decline in May, led by softness in durable goods. The Kiwi trades 0.1 percent lower at 0.6577, having touched a high of 0.6681 on Friday, its highest level April 30. FxWirePro's Hourly Kiwi Strength Index was at -87.40 (Slightly Bearish) by 0600 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6619 (June 4 High), a break above could take it near 0.6681 (June 7 High). On the downside, support is seen at 0.6550 (May 15 Low), a break below could drag it below 0.6513 (May 17 Low).
Asian shares tumbled after two days of gains, as the White House took a tough line on trade talks with China.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5 percent.
Tokyo's Nikkei declined 0.4 percent to 21,129.72 points, Australia's S&P/ASX 200 index plunged 0.05 percent to 6,543.70 points and South Korea's KOSPI slumped 0.3 percent to 2,106.22 points.
Shanghai composite index fell 0.5 percent to 2,911.16 points, while CSI 300 index traded 0.7 percent down at 3,693.08 points.
Hong Kong’s Hang Seng traded 1.9 percent lower at 27,252.90 points. Taiwan shares added 0.1 percent to 10,615.66 points
Crude oil prices declined by more than 1 percent, weighed down by a weaker oil demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts. International benchmark Brent crude was trading 1.4 percent lower at $61.19 per barrel by 0543 GMT, having hit a high of $63.81 on Monday, its highest since May 31. U.S. West Texas Intermediate was trading 1.4 percent down at $52.29 a barrel, after rising as high as $54.80 on Monday, its highest since the May 31.
Gold prices rose after falling to a 1-week low in the previous session, as worries over U.S.-China trade war flared up, denting risk appetite. Spot gold was trading 0.6 percent to $1,333.53 by 0546 GMT, having touched a low of $1,319.79 on Monday, its lowest since June 3. U.S. gold futures were up 0.4 percent at $1,336.10 an ounce.
The Japanese government bonds were little changed. with the September 10-year JGB futures rising 0.02 point to 153.44, while the 10-year cash JGB yield was flat at minus 0.115 percent In the super-long zone, the 40-year and the 30-year JGB yields fell one basis point each to 0.375 percent and 0.340 percent, respectively, to hit the lowest levels since August 2016. The 20-year yield stood flat at 0.245 percent, while the five-year yield fell half a basis point to minus 0.225 percent.
The Australian government bond futures inched higher, with the three-year bond contract up half a tick at 98.945. The 10-year contract firmed 1 tick to 98.5450.
The Canadian government bond prices edged lower across a flatter yield curve, with the two-year down 3.5 Canadian cents to yield 1.479 percent and the 10-year falling 6 Canadian cents to yield 1.528 percent. The 10-year yield touched its highest intraday since May 31 at 1.543 percent.