America’s Roundup: Dollar retreats on stimulus talks, Wall Street ends higher, Gold gains, Oil edges up to highest since March on hopes for U.S. stimulus-August 5th,2020
America’s Roundup: Dollar heads for steepest monthly drop in decade, Wall Street gains, Gold rises, Oil posts monthly gains as U.S. reports record output cuts in May-August 1st,2020
Asia Roundup: Dollar steadies near 2-year low as investors turn to Congress for stimulus, Asian shares surge, markets await EZ economic data - Thursday, July 30th, 2020
America’s Roundup: Dollar hits two-year lows as Fed affirms dovish stance, Wall Street closes higher, Gold gains, Oil edges up after sharp U.S. crude inventory drop-July 30th,2020
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
Asia Roundup: Dollar slumps against yen as investors eye Fed policy meeting outcome, U.S. stimulus talks; Asian shares nudge lower - Wednesday, July 29th, 2020
Asia Roundup: Aussie gains on upbeat economic data, dollar eases on recovery worries, Asian shares consolidate - Wednesday, August 5th, 2020
Europe Roundup: Sterling rises to five-month high against dollar as BoE signals sub-zero rates not imminent, European shares dip, Gold flirts with record peak, Oil prices pull back from five-month highs as rising product stocks weigh-August 6th,2020
America’s Roundup: Dollar slides as Trump's election tweet rattle markets,Wall Street falls ,Gold retreats, Oil down nearly 4% as virus surge weighs on demand outlook-July 31st,2020
Asia Roundup: Dollar steadies across the board on U.S. stimulus hopes, gold eases from record peak on profit taking, Asian shares nudge higher - Tuesday, July 28th, 2020
Asia Roundup: Aussie eases on U.S.-China tensions, greenback steadies as U.S. treasury yields resume rise, Asian shares consolidate - Monday, August 10th, 2020
Asia Roundup: Aussie steadies as RBA keeps policy steady, dollar gains against yen as investors await U.S. stimulus deal, Asian shares surge - Tuesday, August 4th, 2020
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,2020
Europe Roundup: Sterling heads lower after early gains, European shares dips,Gold edges back from record peak, Oil falls as rising virus cases overshadow demand recovery-August 4th,2020
America’s Roundup: Dollar strengthens after US jobless claims data,Wall Street gains, Gold accelerates higher, Oil settles below 5-month highs amid fuel demand worries-August 7th,2020
America’s Roundup: Dollar holds near 1-week high, European stocks maon, Gold loses ground, Oil settles higher on Chinese factory data, U.S. stimulus hopes-August 11th,2020
Asia Roundup: Aussie extends gains on risk-on trades, yen rallies as COVID-19 cases grow, Asian shares surge - Thursday, July 9th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index declined to a near 1-month trough as a rally in riskier assets dented safe-haven demand for the U.S. currency. The greenback against a basket of currencies traded 0.2 percent lower at 96.30, having touched a low of 96.24 earlier, its lowest since June 11.
EUR/USD: The euro rallied to a near 1-month peak after the European Central Bank Vice President Luis de Guindos said that the eurozone economy may have shrunk by less than the 13 percent forecast by the ECB in the three months to the end of June. The European currency traded 0.3 percent up at 1.1364, having touched a high of 1.1370 earlier, its highest since June 11. Investors’ attention will remain on a series of data from Eurozone economies, ahead of the U.S. wholesale inventories and unemployment benefits claims. Immediate resistance is located at 1.1403, a break above targets 1.1422. On the downside, support is seen at 1.1303, a break below could drag it below 1.1278 (5-DMA).
USD/JPY: The dollar eased to a 1-1/2 week low amid lingering worries about the spread of the coronavirus. Global coronavirus cases reached more than 12 million on Wednesday, with more than half a million dead. The major was trading 0.05 percent down at 107.24, having hit a low of 107.18 earlier, its lowest since June 29. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. wholesale inventories and unemployment benefit claims. Immediate resistance is located at 107.44, a break above targets 107.90. On the downside, support is seen at 107.04, a break below could take it near at 106.76.
GBP/USD: Sterling rallied to an over 3-week peak after Britain's finance minister promised an additional 30 billion pounds ($38 billion) to head off an unemployment crisis on Wednesday. The major traded 0.2 percent up at 1.2636, having hit a high of 1.2644 earlier, it’s highest since June 16. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2678, a break above could take it near 1.2691. On the downside, support is seen at 1.2571, a break below targets 1.2535. Against the euro, the pound was trading 0.05 percent up at 89.80 pence, having hit a high of 89.67 on Tuesday, it’s highest since June 18.
AUD/USD: The Australian dollar rose, hovering towards a near 4-week peak hit earlier in the week, as investors shrug off diplomatic tension between Washington and Beijing to focus on China’s improving economy and its attractive technology sector. The major trades 0.1 percent up at 0.6987, having hit a high of 0.6997 on Tuesday, it’s highest since June 11. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.7020, a break above could take it near 0.7064. On the downside, support is seen at 0.6942 a break below targets 0.6904 (21-DMA).
Asian shares nudged higher as investors focused on the upcoming company earnings, hoping that global stimulus efforts will yield upbeat outlooks.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent.
Tokyo's Nikkei surged 0.4 percent to 22,529.29 points, Australia's S&P/ASX 200 index rallied 0.6 percent to 5,955.50 points. South Korea's KOSPI gained 0.6 percent to 2,172.56 points.
Shanghai composite index rose 1.1 percent to 3,439.41 points, while CSI 300 index traded 1.1 percent up at 4,826.33 points.
Hong Kong’s Hang Seng traded 0.05 percent lower at 26,120.53 points. Taiwan shares added 0.2 percent to 12,192.69 points.
Crude oil prices consolidated within narrow ranges as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand. International benchmark Brent crude was trading 0.05 percent down at $43.25 per barrel by 0532 GMT, having hit a high of $43.68 on Monday, its highest since June 23. U.S. West Texas Intermediate was trading 0.1 percent lower at $40.81 a barrel, after rising as high as $41.07 on Wednesday, its highest since June 23.
Gold prices steadied near a 9-year peak above the key $1,800/oz level as worries over mounting COVID-19 cases offset hopes of a swift global economic recovery. Spot gold was trading 0.2 percent higher at $1,812.40 per ounce by 0550 GMT, hovering towards a high of $1,818.09 on Wednesday, its highest since September 2011. U.S. gold futures were flat at $1,819.80.
The U.S. Treasury yields edged lower, with the benchmark 10-year note yield trading at 0.654 percent.