Europe Roundup: Euro plunges against dollar as China virus cases soar, European shares falter, Gold rises, Oil prices fall on bearish demand forecasts-February 13th,2020
Asia Roundup: Kiwi declines on RBNZ governor Adrian Orr's comments, dollar off highs against the yen as China virus fears return, Asian shares ease - Thursday, February 13th, 2020
America’s Roundup: Dollar hits four-month high after upbeat U.S. jobs data ,Wall Street slips ,Gold gains, , Oil falls 1%-February 8th,2020
Europe Roundup: Euro drops against dollar after bleak German investor survey,European shares slump, Gold rises, Oil drops below $57 on coronavirus impact and OPEC+ delay-February 18th,2020
America’s Roundup: Dollar dips on virus concerns and consumer data, Wall Street dips, Gold eases, Oil prices rise more than 1%, on course for weekly gain-February 15th,2020
Europe Roundup: Sterling falls for fourth day as dollar, EU talks offset retail bounce ,European shares muted, Gold eases, Oil holds near one-month high-February 20th,2020
America’s Roundup: Dollar recedes from four-month highs as risk appetite improves, S&P 500, Nasdaq notches record high, Gold slips, Oil rises from 13-month low-February 12th,2020
Asia Roundup: Kiwi rallies on RBNZ's hawkish stance, dollar gains against yen as new virus cases fall, Asian shares surge - Wednesday, February 12th, 2020
America’s Roundup: Dollar gains as traders balance virus, economic reports, Wall Street slips, Gold rises, Oil prices climb on prospects for deeper OPEC+ output cuts-February 14th,2020
Asia Roundup: Antipodeans slump as persistent virus fears dampen China stimulus, greenback near 3-year peak on upbeat economic data, Euro consolidates ahead of CPI data - Friday, February 21st, 2020
Asia Roundup: Antipodeans await coronavirus clarity, euro consolidates near 3-year low on growth concerns, Asian shares nudge higher - Monday, February 17th, 2020
America’s Roundup: Dollar climbs as weak German data dents euro, Wall Street falls, Gold hits 1-month peak, Oil falls nearly 1% on virus impact-February 19th,2020
America’s Roundup: Dollar gains on optimism coronavirus will be contained,Wall Street rises, Gold hits one-week low, Oil rises 3% as demand worries ease amid fewer new coronavirus cases-February 13th,2020
Europe Roundup: Sterling recovers from 2-1/2 month low against dollar, European shares edge lower, Gold steadies, Oil slips on weaker Chinese demand, traders await OPEC+ cuts-February 10th,2020
Asia Roundup: Aussie rebounds on upbeat wage data, euro slumps on weak economic outlook, greenback near 4-1/2 month peak as investors eye FMOC minutes - Wednesday, February 19th, 2020
Asia Roundup: Aussie eases as RBA slashes growth forecasts, dollar off highs against yen as coronavirus toll climbs, Asian shares plunge - Friday, February 7th, 2020
Asia Roundup: Aussie halts 2-day losing streak as business confidence improves, gold hits over 6-year peak amid ongoing geopolitical tensions, investors eye UK employment data - Tuesday, August 13th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rose, extending previous session gains as investors await the U.S. Federal Reserve’s annual symposium at Jackson Hole, Wyoming, later this month, seeking clarity on the future path of interest rates. The greenback against a basket of currencies traded 0.2 percent up at 97.55, having touched a low of 97.03 on Friday, its lowest since July 19.
EUR/USD: The euro declined, reversing most of its previous session gains, weighed down by political ructions in Italy. The European currency traded 0.2 percent down at 1.1192, having touched a high of 1.1249 last week, its highest since July 19. Investors’ attention will remain German ZEW Survey, ahead of the on the U.S. consumer price index. Immediate resistance is located at 1.1241 (August 7 High), a break above targets 1.1282 (July 19 High). On the downside, support is seen at 1.1164 (38.2% retracement of 1.1026 and 1.1249), a break below could drag it below 1.1138 (50% retracement).
USD/JPY: The dollar held near 7-month lows as concerns around protests in Hong Kong and an Argentine currency crash amid fears of global economic slowdown boosted the demand for the safe-haven Japanese yen. The major was trading 0.1 percent up at 105.36, having hit a low of 105.05 earlier, its lowest since Jan 3. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. consumer price index. Immediate resistance is located at 106.05 (23.6% retracement of 109.31 and 105.05), a break above targets 106.67 (38.2% retracement). On the downside, support is seen at 105.00, a break below could take it lower at 104.65 (Jan. 3 Low).
GBP/USD: Sterling eased, giving up some of its previous session gains, amid fears Britain would leave the European Union with no transition deal in place in October. On Monday, the British pound rebounded from multi-year lows amid expectations that the UK lawmakers may either postpone the Brexit or pave the way for a soft departure. The major traded 0.1 percent down at 1.2059, having hit a low of 1.2014 the day before, it’s lowest since Jan. 2017. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2135 (23.6% retracement of 1.2522 and 1.2079), a break above could take it near 1.2210 (38.2% retracement). On the downside, support is seen at 1.1986 (Jan 16, 2017, Low, a break below targets 1.1904 (Oct 7, 2016, Low). Against the euro, the pound was trading flat at 93.12 pence, having hit a low of 93.24 earlier, it’s lowest since October 2009.
AUD/USD: The Australian dollar edged up, halting a 2-day losing streak after domestic data showed business confidence improved in July but conditions remained subdued and employment waned in a worrying sign for the economy. National Australia Bank’s index of business conditions declined 2 points to +2 in July, reversing a rise in June, while business confidence edged up to +4, but below the long-run average. The Aussie trades 0.1 percent up at 0.6759, having hit a low of 0.6677 last week, it’s lowest since March 2009. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6725 , a break below targets 0.6700. On the upside, resistance is located at 6831 (38.2% retracement of 0.7082 and 0.6677), a break above could take it near 0.6879 (50% retracement).
NZD/USD: The New Zealand dollar consolidated near multi-year lows as investors wagered the Reserve Bank of New Zealand will have to cut rates further, even though it surprised everyone last week. The Kiwi trades flat at 0.6437, having touched a low of 0.6376 on Wednesday, its lowest level Jan 2016. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6534 (38.2% retracement of 0.6790 and 0.6376), a break above could take it near 0.6583 (50% retracement). On the downside, support is seen at 0.6400, a break below could drag it below 0.6365.
Asian shares slumped as fears about a drawn-out U.S.-China trade war, protests in Hong Kong and a crash in Argentina’s peso currency drove investors to safe assets.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 percent.
Tokyo's Nikkei eased 1.1 percent to 20,455.44 points, Australia's S&P/ASX 200 index declined 0.3 percent to 6,568.50 points and South Korea's KOSPI dropped 0.9 percent to 1,925.83 points.
Shanghai composite index fell 0.7 percent to 2,794.56 points, while CSI 300 index traded 0.9 percent down at 3,662.86 points.
Hong Kong’s Hang Seng traded 1.9 percent lower at 25,331.59 points. Taiwan shares shed 1.05 percent to 10,362.66 points.
Crude oil prices declined, offsetting previous session gains, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting crude oil output. International benchmark Brent crude was trading 0.05 percent lower at $58.39 per barrel by 0547 GMT, having hit a low of $55.86 on Wednesday, its lowest since January. U.S. West Texas Intermediate was trading 0.1 percent up at $54.79 a barrel, after falling as low as $50.51 on Wednesday, its lowest since the January.
Gold prices rallied to their highest in more than six years, as concerns around protests in Hong Kong and an Argentine currency crash amid fears of global economic slowdown, prompted investors to take safety in safe -haven assets. Spot gold rose 0.5 percent to $1,519.33 per ounce by 0549 GMT, having touched a high of $1,519.75 earlier, its highest since April 2013. U.S. gold futures rose 0.6 percent to $1,526.90 an ounce.
The Australian government bonds surged during Asian session of the second trading day of the week, tracking a similar movement in the United States Treasuries as investors shifted their interests towards safe-haven assets amid ongoing global economic and political worries. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped nearly 3 basis points to 0.943 percent, the yield on the long-term 30-year bond plunged 5 basis points to 1.579 percent and the yield on short-term 2-year traded flat at 0.736 percent.