Asia Roundup: Antipodeans surge, dollar rallies against yen on upbeat Chinese factory activity, Asia shares advance - Monday, December 2nd, 2019
Asia Roundup: Kiwi rallies to 4-month peak as RBNZ increases bank capital requirements, greenback eases on soft U.S. services report, investors eye OPEC meetings - Thursday, December 5th, 2019
America’s Roundup: Dollar retreats on trade uncertainty, Wall Street ends higher,Gold firms,Oil little changed despite OPEC+ plan to deepen cuts-December 6th,2019
Asia Roundup: Kiwi at 4-month peak, dollar steadies against yen on trade deal optimism; Asian shares rally - Friday, December 6th, 2019
Europe Roundup: Sterling consolidates near 1.2900, euro steadies as EZ inflation accelerates quicker than expected, European shares tumble - Friday, November 29th, 2019
America's Roundup: Dollar loses trade uncertainty weighs,Wall Street slips, Gold gains, Oil slumps but sets monthly gain ahead of OPEC meeting-November 30th,2019
Asia Roundup: Aussie off highs as economy struggles to grow, yen at 2-week peak against dollar as trade concerns linger, Asian shares slump - Wednesday, December 4th, 2019
Asia Roundup: Euro gains ahead of EZ flash CPI, greenback firm near 2-week peak as upbeat U.S. data trims Fed cut bets, Asian shares plunge - Friday, November 29th, 2019
Asia Roundup: Aussie eases on rate cut forecast, dollar rallies against yen on Trump trade deal comments, Asian shares surge - Wednesday, November 27th, 2019
Asia Roundup: Aussie rallies as RBA stands pat, greenback eases following weak U.S. manufacturing data, Asian shares plunge on Trump's Latin American tariffs - Tuesday, December 3rd, 2019
America's Roundup:Dollar hits one-week high vs yen as risk sentiment improves, Gold slides , Oil steadies on U.S.-China trade talks optimism-November 26th,2019
Europe Roundup: Sterling poised for best week since mid-October, euro off highs as German industry output declines, investors eye U.S. nonfarm payroll - Friday, December 6th, 2019
Europe Roundup: Sterling gains as poll shows Conservative lead, Swiss franc at 1-1/2 month low on trade deal optimism, European shares at 4-year peak - Wednesday, November 27th, 2019
America’s Roundup: Dollar rises after upbeat U.S. data ,Wall St at record levels on trade hopes, Oil edges lower after U.S. crude and gasoline build-November 28th,2019
Asia Roundup: Antipodeans ease on prospects of U.S. tariffs, greenback rallies on strong U.S. jobs data, Asian shares surge - Monday, December 9th, 2019
Europe Roundup: Sterling at 8-month peak on expectations of Conservative win in UK election, euro steadies as EZ investor morale improves, European shares tumble - Monday, December 9th, 2019
Asia Roundup: Aussie eases on RBA policy meeting minutes, dollar tumbles amid doubts over the U.S.-China trade deal, Asian shares subdued - Tuesday, November 19th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index declined amid receding hopes for a preliminary trade deal between the United States and China. The greenback against a basket of currencies traded 0.1 percent down at 97.77, having touched a high of 98.45 on Wednesday, its highest since October 15.
EUR/USD: The euro steadied after rising to an over 1-week peak in the previous session, after Slovenian central bank chief Boštjan Vasle stated that Eurozone growth has stabilised and the European Central Bank’s recent stimulus scheme is working as intended. The European currency traded 0.05 percent up at 1.1075, having touched a high of 1.1089 on Monday, its highest since November 7. Investors’ attention will remain on a series of data out of Eurozone economies, EZ current account and construction output, ahead of the U.S. building permits, housing starts, and Fed officials' speeches. Immediate resistance is located at 1.1091, a break above targets 1.1123. On the downside, support is seen at 1.1039, a break below could drag it below 1.1002.
USD/JPY: The dollar declined, extending previous session losses after CNBC reported that Beijing was pessimistic about a trade deal with the United States, troubled by President Donald Trump’s comments that there was no agreement on rollback of tariffs. The major was trading 0.1 percent down at 108.60, 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. building permits, housing starts, and Fed officials' speeches. Immediate resistance is located at 108.75 (21-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 surged, extending gains for the fifth straight session, as the Conservatives lead in polls for Britain’s general election, boosting the chances of Prime Minister Boris Johnson’s withdrawal deal being passed by parliament before the January 31 Brexit deadline. The major traded 0.1 percent up at 1.2959, having hit a high of 1.2985 on Monday, it’s highest since November 4. Immediate resistance is located at 1.2975, a break above could take it near 1.3012 (October 21 High). On the downside, support is seen at 1.2884 (5-DMA), a break below targets 1.2859 (10-DMA). Against the euro, the pound was trading flat at 85.45 pence, having hit a high of 85.45 earlier, it’s highest since May 6.
AUD/USD: The Australian dollar declined after minutes from a Reserve Bank of Australia policy meeting showed central bankers considered cutting rates this month. The Aussie trades 0.1 percent down at 0.6784, 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 0.6836, a break above could take it near 0.6858.
NZD/USD: The New Zealand dollar plunged as investors await clearer news on the progress of trade negotiations between the United States and China. The Kiwi trades 0.1 percent down at 0.6393, 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 0.6418, a break above could take it near 0.6435. On the downside, support is seen at 0.6371 (10-DMA), a break below could drag it below 0.6326.
Asian shares markets were mixed in subdued trade as investors await clarity on whether U.S.-China negotiations will reach a preliminary accord to end the prolonged trade war.
MSCI's broadest index of Asia-Pacific shares outside Japan surged 0.3 percent.
Tokyo's Nikkei eased 0.5 percent to 23,292.65 points, Australia's S&P/ASX 200 index rallied 0.7 percent to 6,814.20 points and South Korea's KOSPI declined 0.4 percent to 2,151.17 points.
Shanghai composite index rose 0.6 percent to 2,925.48 points, while CSI 300 index traded 0.7 percent up at 3,936.47 points.
Hong Kong’s Hang Seng traded 1.3 percent higher at 27,014.42 points. Taiwan shares added 0.5 percent to 11,656.40 points
Crude oil prices steadied, after tumbling in the previous session, amid market concerns over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories. International benchmark Brent crude was trading 0.2 percent up at $62.34 per barrel by 0511 GMT, having hit a high of $63.63 on Friday, its highest since September 24. U.S. West Texas Intermediate was trading 0.2 percent higher at $56.93 a barrel, after rising as high as $57.93 on Friday, its highest since September 24.
Gold prices declined after rising to its highest in more than 1-1/2 weeks earlier in the session on fresh doubts about a trade deal between the United States and China. Spot gold eased 0.1 percent to $1,469.55 per ounce by 0528 GMT, having touched a high of $1,475.25 earlier, its highest November 7. U.S. gold futures edged up 0.2 percent to $1,474.10 per ounce.
The Japanese government bond prices edged a tick higher amid a lack of clarity on the progress in the U.S-China trade negotiations. Benchmark 10-year JGB futures rose 0.04 point to 153.29. The key 10-year cash JGB yield fell half-a-basis point to minus 0.095 percent. The 20-year and the 40-year yields also dropped 0.5 basis point each to 0.280 percent and 0.470 percent, respectively, while the 30-year yield stood flat at 0.440 percent. The five-year yield retreated half-a-basis point to minus 0.205 percent.
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