America’s Roundup: Dollar dips on renewed Middle East tensions, Gold firms, Oil falls below $65/bbl in first weekly drop since November-January 11th,2020
Europe Roundup: Sterling reverses gains after weak British retail sales,European shares rise, Gold firms, Oil ends week steady as China growth offsets trade deal optimism-January 17th,2020
Asia Roundup: Japanese yen rebounds as U.S. says China tariffs in place till Phase 2 deal, greenback consolidates following mixed CPI figures, Asian shares plunge - Wednesday, January 15th, 2020
America’s Roundup: Dollar gains ahead of U.S.-China trade deal, Wall Street dips ,Gold slips, Oil edges up after five days of losses ahead of U.S.-China trade pact-January 15th,2020
Asia Roundup: Japanese yen strengthens as BOJ keeps policy rate unchanged, Asian markets in red, gold noticeably up - Tuesday, January 21, 2020
America’s Roundup: Dollar dips vs yen as investors reach for safe havens on virus scare. Wall Street dips, Gold eases, Oil falls heads for weekly loss as China virus fears swell-January 25th,2020
Asia Roundup: Aussie rallies on U.S.-China trade deal optimism, Asia shares at 19-month highs, investors eye UK economic data - Monday, January 13th, 2020
America’s Roundup: Dollar dips after U.S., China sign Phase 1 trade deal, Wall Street pares gains, Gold firms, Oil down slightly after U.S.-China trade deal, U.S. product build-January 16th,2020
America’s Roundup: Dollar dips on Chinese virus concerns, Wall Street rally pauses, Gold falls 1%, Oil market shrugs off Libya crisis amid ample global supply-Jaynagar 22nd,2020
Europe Roundup: Sterling falls after downbeat UK inflation data ,European shares flat,Gold gains, Oil drops on concerns that U.S.-China trade deal may not stoke demand-January 15th,2020
Asia Roundup: Aussie strengthens against major peers on the back of higher than expected employment change data, most Asian markets in red, gold hovers around $1,560 mark - Thursday, January 23, 2020
America’s Roundup:Dollar steady as investors assess health threat, Wall ends higher, Gold dips, Oil slides 2%-January 23rd,2020
America’s Roundup: Dollar gains on positive U.S. economic data,Wall Street ends higher, Gold slips, Oil gains on U.S.-China deal-January 17th,2020
Europe Roundup: Sterling recovers as traders wait for data cues on BoE rate cut, European shares edge higher, Gold inches down, Oil rises after U.S.-China deal, IEA forecast limits gains-January 16th, 2020
Europe Roundup: Sterling firms as rate-cut talk abates, European shares rebound, Gold slips, Oil dips as surplus forecast overshadows Libya disruption-January 22nd 2020
America’s Roundup: Dollar gains vs euro as ECB holds policy steady, Wall Street ends lower, Gold dips, Oil falls 2% as spectre of China virus threatens fuel demand-January 24th,2020
Asia Roundup: Aussie falls in early Asia as retail sales data misses expectations, Asian markets noticeably up, gold trades flat at $1,511 mark - Monday, November 04, 2019
Economic Data Ahead
Key Events Ahead
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.03% to 97.21.
EUR/USD: The euro trades flat against U.S. dollar and currently trading around $1.1165 mark. It made intraday high at $1.1173 and low at $1.1159 mark. A sustained close above $1.1169 will drag the parity higher towards key resistances around $1.1220, $1.1390, $1.1472, $1.1550, $1.1620 and $1.1820 marks respectively. On the other hand, a consistent close below $1.1151 will drag the parity down towards key supports around $1.1079, $1.1026 and $1.0852 levels respectively.
USD/JPY: The Japanese yen remains almost unchanged as Japanese banks will be closed in observance of Culture Day. The pair is currently trading around 108.23 mark. It made intraday high at 108.25 and low at 108.18 levels. A sustained close above 108.16 is required to take the parity higher towards key resistances around 108.83, 109.62, 112.60 and 113.98 marks respectively. Alternatively, a daily close below 108.02 will drag the parity down towards key support around 106.90 and 104.20 marks respectively.
GBP/USD: The pound trades marginally higher against U.S. dollar and stabilizes below $1.2950 mark. UK parliament approves early general election on December 12. A sustained close below $1.2940 requires for dragging the parity down towards key support around $1.2820, $1.2644 and $1.2352 mark respectively. On the other side, key resistances are seen at $1.2973, 1.3058, 1.3140 and 1.3226 levels respectively. UK’s constructions PMI due today at 0930 GMT will provide further directions to the parity.
AUD/USD: The Aussie depreciates in early Asia after lower than expected retail sales data. The pair made intraday high at $0.6923 and low at $0.6903 levels. A consistent close below $0.6893 requires for downside rally towards $0.6704 mark. On the other side, a sustained close above $0.6912 will take the parity higher towards $0.6977 and $0.7076 levels respectively.
NZD/USD: The New Zealand dollar strengthens remarkably on Monday and hits fresh 3 – month high at $0.6464 mark. Pair made intraday high at $0.6464 and low at $0.6427. A sustained close above $0.6422 requires for the upside rally. Alternatively, a consistent close below $0.6349 will take the parity down towards key supports around $0.6236 and $0.6196 levels respectively.
Japanese banks will be closed in observance of Culture Day.
Australia’s S&P/ASX200 was trading 0.27 pct higher at 6,686.90 points.
Hong Kong's hang seng index was trading 1.44 percent higher at 27,494.48 points.
Taiwan stock was trading 1.38 percent higher at 11,556.37 points.
South Korea’s kospi was trading 1.45 percent higher at 2,130.42 points.
India’s NSE Nifty was trading 0.46 pct higher at 11,947.80 points while BSE sensex was trading 0.42 points higher at 40,338.15 points.
U.S. Crude Oil WTI Futures dropped 0.6% to $55.88. International Brent Oil Futures fell 0.5% to $61.36.
Gold trades flat on Monday and stabilizes above $1,510 mark. Gold faces strong resistance at $1,513 mark and sustained close above targets key resistances around $1,532 and $$1,552 mark respectively. Alternatively, a consistent close below $1,502 mark will drag the parity down towards $1,487, $1,472 and $1,440 mark respectively.
The Australian government bonds plunged during Asian session of the first trading day of the week as investors remained disappointed by retail sales data for the month of September. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, jumped nearly 6-1/2 basis points to 1.170 percent, the yield on the long-term 30-year bond surged nearly 6 basis points to 1.744 percent and the yield on short-term 2-year gained nearly 2-1/2 basis points to 0.857 percent.
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