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
Asia Roundup: Sterling at 5-month peak as BoE stands pat, dollar eases as investors fret over U.S. recovery, Asian shares subdued - Thursday, August 6th, 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
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
Europe Roundup: Euro's advance slows as risk sentiment falters, European shares slip,Gold retreats more than 1%, Oil prices slide as virus surge weighs on demand outlook-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
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
Europe Roundup:Euro dips on renewed U.S.-Sino tensions, jobs data eyed, European stocks flat, Gold eases, Oil slips below $45 on demand concerns, set for weekly rise-August 7th,2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street closes lower, Gold retreats from record peak,Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
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 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 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
Europe Roundup: Euro rise after positive economic indicators, European shares gains, Gold rise to new record high, Oil prices rise as U.S. crude inventories show large drop-August 5th,2020
Europe Roundup: Sterling rises ahead of UK data,, European shares gain, Gold eases, Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut-August 10th,2020
Asia Roundup: Dollar slumps across the board on abysmal U.S. economic data, Asian shares plunge, investors eye EZ CPI - Friday, July 31st, 2020
Asia Roundup: Aussie gains as lockdowns ease, greenback halts 3-day rally on dismal U.S. data, Asian shares nudge higher - Monday, May 18th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased, halting a 3-day winning streak, as data out on Friday showed U.S. retail sales and industrial production both plunged in April, putting the economy on track for its deepest contraction. The greenback against a basket of currencies traded 0.05 percent down at 100.31, having touched a high of 100.56 on Thursday, its highest since April 24.
EUR/USD: The euro rose, extending previous session gains, as the greenback eased after downbeat U.S. data highlighted the COVID-19 pandemic’s impact on the economy. The European currency traded up at 1.0821, having touched a low of 1.0774 on Thursday, its lowest since May 7. Investors’ attention will remain on the U.S. NAHB housing market index, amid a lack of data from the Eurozone economies. Immediate resistance is located at 1.0845 (21-DMA), a break above targets 1.0860. On the downside, support is seen at 1.0782, a break below could drag it below 1.0755.
USD/JPY: The dollar gained, reversing most of its previous session losses, as investor optimism about the re-opening of economies around the world lifted commodity prices and exporters’ currencies. The major was trading 0.1 percent up at 107.17, having hit a high of 107.76 last week, its highest since Apr. 23. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. NAHB housing market index. Immediate resistance is located at 107.40, a break above targets 107.76. On the downside, support is seen at 106.87, a break below could take it near at 106.63.
GBP/USD: Sterling plunged to a 7-1/2 week low as a combination of Brexit risks and a coronavirus-induced economic slowdown added pressured on the British currency. The major traded down at 1.2106, having hit a low of 1.2075 earlier, it’s lowest since Mar. 26. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2165, a break above could take it near 1.2225 (5-DMA). On the downside, support is seen at 1.2001, a break below targets 1.1973. Against the euro, the pound was trading 0.1 percent down at 89.43 pence, having hit a low of 89.58 on Wednesday, it’s lowest since March 31.
AUD/USD: The Australian dollar rebounded from a 1-week low as oil futures rose and Dalian iron ore futures hit a record peak. The Aussie trades 0.5 percent up at 0.6444, having hit a low of 0.6402 on Friday, it’s lowest since May 7. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6487, a break above could take it near 0.6530. On the downside, support is seen at 0.6402, a break below targets 0.6372.
Asian shares rose as countries’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent.
Tokyo's Nikkei rallied 0.5 percent to 20,133.73 points, Australia's S&P/ASX 200 index gained 1.1 percent to 5,460.50 points. South Korea's KOSPI surged 0.5 percent to 1,937.11 point.
Shanghai composite index rose 0.2 percent to 2,875.42 points, while CSI 300 index traded 0.3 percent up at 3,922.91 points.
Hong Kong’s Hang Seng traded 0.4 percent higher at 23,897.70 points. Taiwan shares shed 0.7 percent to 10,740.55 points.
Crude oil prices surged by more than 2 percent to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand. International benchmark Brent crude was trading 2.05 percent higher at $33.54 per barrel by 0520 GMT, having hit a high of $33.88 earlier, its highest since April 9. U.S. West Texas Intermediate was trading 3.4 percent up at $30.79 a barrel, after rising as high as $30.89 earlier, its highest since March 16.
Gold prices rallied over 1 percent to its highest in more than seven years as dismal U.S. data underscored how badly the COVID-19 pandemic has damaged the economy. Spot gold was trading 1.2 percent up at $1,763.55 per ounce by 0553 GMT, having touched a high of $1,764.19 earlier, its highest since Oct. 12, 2012. U.S. gold futures gained 0.8 percent to $1,770.50.
The Japanese government bond prices rose, with the five-year cash JGB yield slipping 2 basis points (bps) to minus 0.140 percent. The benchmark 10-year JGB futures rose 0.19 point to 152.48, while the 10-year JGB yield fell 1 bp to minus 0.015%.percent The two-year JGB yield fell 1 bp to minus 0.180 percent. In the superlong zone, the 20-year JGB yield and the 30-year JGB yield fell half a basis point each to 0.340 percent and 0.470 percent, respectively.