America’s Roundup:Dollar gains at end of tumultuous year,Wall Street ends higher, Gold little changed, Oil edges higher, but posts 20% annual drop in tumultuous 2020-January 1st,2020
America’s Roundup: Dollar up from 2018 lows on economic hopes, Wall Street ends higher, Gold slips, Oil hits 11-month highs on Saudi cuts, shrugs off U.S. turmoil-January 8th,2021
Europe Roundup: Sterling rises for a second day as dollar falls European stocks rise ,Gold hits 2-month peak, Oil extends gains after surprise Saudi output cut-January 6th,2020
Europe Roundup: Euro slips further as focus shifts to U.S. stimulus, European stocks rises,Gold edges lower, Oil prices ease as pandemic outweighs Chinese and U.S. data-January 14th,2021
Europe Roundup: Euro dips against dollar as recovery concerns resurface, European stocks inches lower, Gold gains, Oil slips as Chinese lockdowns, U.S. unemployment data temper gains-January 15th,2021
Europe Roundup: Euro cruises higher as dollar skids again, European stocks gain,Gold rises,Oil rises on hopes U.S. pandemic stimulus will spur fuel demand-December 29th,2020
Europe Roundup: Sterling recovers ground against dollar, European stocks edges lower, Gold gains, Oil hits 11-month high towards $57 as Saudi cut supports-January 12th,2021
Europe Roundup: Pound extends gains on new post-Brexit transition time for swaps trading, Gold dips, European shares retreat, Gold dips, Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus-December 31st,2020
Europe Roundup: Euro falls to three-week lows as U.S. yields climb, European shares retreat, Gold gains, Oil falls on renewed lockdowns, stronger dollar-January 11th,2021
America’s Roundup: Dollar index hits four-week high, Gold inches up, Oil slips on coronavirus fears-January 19th,2021
Europe Roundup: Sterling dips as new lockdown weighs on struggling economy European shares inch higher, Gold hits two-month peak, Oil prices up $1 on OPEC output cut talks, Iran tension-January 5th,2021
America’s Rounup:Dollar slips from three-week peak, Wall Street ends higher,Oil settles up, near $57 on tight supply expectations-January 13th,2021
America’s Roundup: Dollar index languishing near 2-1/2-year low ,Wall Street ends higher, Gold gains, Oil prices jump 5% on OPEC+ output talks, Iran tension-January 6th,2020
America’s Roundup: Dollar turns higher as risk sentiment wanes, Wall Street ends lower, Gold gains,Oil slides with U.S. stocks as OPEC+ delays output decision-January 5th,2020
America’s Roundup: Dollar slides vs most currencies on optimism about Biden administration, Wall Street closes at record highs, Gold gains over 1%, Oil rises on U.S. stimulus hopes, tighter market under Biden-January 21,2021
Europe Roundup: Euro gains on Brexit and vaccine optimism, European shares rally, Gold gains,Oil prices touch multi-month highs as OPEC+ expected to cap output-January 4th,2021
Asia Roundup: Aussie near 1-month peak as retail sales surge, greenback eases after Fed's Powell reiterates dovish policy outlook, Asian shares rally - Friday, January 11th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index declined as Fed Chairman Jerome Powell and Vice Chair Richard Clarida struck a dovish tone, highlighting the central bank's willingness to remain patient on the issue of raising rates. The greenback against a basket of currencies trades 0.2 percent down at 95.38, having touched a low of 95.03 the day before, its lowest since Oct. 16. FxWirePro's Hourly Dollar Strength Index stood at -121.55 (Highly Bullish) by 0500 GMT.
EUR/USD: The euro gained, reversing some of its previous session losses, as the greenback eased after Fed Chairman Jerome Powell reiterated the U.S. central bank has the ability to be patient on monetary policy; given that inflation remains stable. The European currency traded 0.3 percent up at 1.1529, having touched a high of 1.1569 on Thursday, its highest since Oct. 17. FxWirePro's Hourly Euro Strength Index stood at 44.68 (Neutral) by 0500 GMT. Investors’ attention will remain on a series of data from the Eurozone economies, ahead of the U.S. consumer price index and monthly budget statement. Immediate resistance is located at 1.1599 (October 11 High), a break above targets 1.1621 (October 16 High). On the downside, support is seen at 1.1463 (October 4 Low), a break below could drag it till 1.1411 (Jan. 8 Low).
USD/JPY: The dollar eased as investors grew increasingly confident that the U.S. Federal Reserve may pause on monetary tightening this year. The major was trading 0.1 percent down at 108.28, having hit a low of 107.77 on Thursday, its lowest since Jan 4. FxWirePro's Hourly Yen Strength Index stood at -59.37 (Bearish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. consumer price index and monthly budget statement. Immediate resistance is located at 109.08 (January 8 High), a break above targets 109.46 (April 26 High). On the downside, support is seen at 107.65 (April 23 Low), a break below could take it lower 107.35 (April 20 Low).
GBP/USD: Sterling steadied after British lawmakers demanded that the government come up with a plan B within days if PM May loses a Jan. 15 parliament vote on her Brexit deal. The major traded 0.1 percent up at 1.2761, having hit a high of 1.2803 on Wednesday; it’s highest since December 31. FxWirePro's Hourly Sterling Strength Index stood at -13.62 (Neutral) 0500 GMT. Investors’ attention will remain on developments surrounding Brexit deal and series of data from the UK docket, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2815 (December 31 High), a break above could take it near 1.2884 (November 19 High). On the downside, support is seen at 1.2706 (January 8 Low), a break below targets 1.2680 (December 31 Low). Against the euro, the pound was trading 0.1 percent down at 90.31 pence, having hit a low of 90.59 on Thursday, it’s lowest since January 3.
AUD/USD: The Australian dollar rallied to a near 1-month peak after domestic data showed retail sales edged higher 0.4 percent in November, suggesting consumer spending picked up after a very soft third quarter. The Aussie trades 0.4 percent up at 0.7213, having hit a high of 0.7219 earlier; it’s highest since December 14. FxWirePro's Hourly Aussie Strength Index stood at 137.67 (Highly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7116 (January 8 Low), a break below targets 0.7085 (December 20 Low). On the upside, resistance is located at 0.7246 (December 13 High), a break above could take it near 0.7273 (December 6 High).
NZD/USD: The New Zealand dollar advanced to an over 3-week peak, as the greenback eased after Fed Chairman Jerome Powell emphasized the central bank would be patient and careful on further rate increases. The Kiwi trades 0.6 percent up at 0.6822, having touched a high of 0.6826 earlier, its highest level December 19. FxWirePro's Hourly Kiwi Strength Index was at 154.43 (Highly Bearish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6853 (Nov. 21 High), a break above could take it near 0.6880 (Dec. 18 High). On the downside, support is seen at 0.6726 (Jan. 7 Low), a break below could drag it below 0.6691 (Dec. 31 Low).
Asian shares surged to a 5-week peak after Chairman Jerome Powell reiterated the Fed will be patient about raising interest rates and on news of extended trade talks between Washington and Beijing.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent.
Tokyo's Nikkei rallied 0.9 percent to 20,359.70 points, Australia's S&P/ASX 200 index fell 0.4 percent to 5,774.60 points and South Korea's KOSPI gained 0.6 percent to 2,075.05 points.
Shanghai composite index surged 0.7 percent to 2,553.63 points, while CSI300 index traded 0.8 percent up at 3,095.75 points.
Hong Kong’s Hang Seng traded 0.4 percent higher at 26,637.33 points. Taiwan shares added 0.4 percent to 9,759.40 points.
Crude oil prices steadied, supported by output cuts agreed by major exporters, however, concerns over the outlook for the global economy undermined crude prices. International benchmark Brent crude was trading 0.5 percent up at $61.50 per barrel by 0508 GMT, having hit a high of $61.88 on Thursday, its highest since December 13. U.S. West Texas Intermediate was trading 0.4 percent higher at $52.47 a barrel, after rising as high as $52.75 on Thursday, its highest since the December 14.
Gold prices surged, reversing some of its previous session losses, as the dollar eased on expectations the U.S. central bank may pause interest rates hikes if the U.S. economy slows this year. Spot gold rose 0.5 percent to $1,292.53 per ounce at 0514 GMT, having touched a high of $1,298.42 on Friday, its highest level since June 15. U.S. gold futures were up 0.3 percent at $1,290.8 per ounce.
The Australian government bonds traded flat during Asian session as investors remain sidelined in quiet trading session despite better-than-expected November retail sales data. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, traded flat at 2.315 percent, the yield on the long-term 30-year bond remained steady at 2.843 percent and the yield on short-term 2-year stood at 1.899 percent.
The Canadian government bond prices gave back most of their earlier gains in sympathy with U.S. Treasuries. The 10-year rose 2 Canadian cents to yield 1.975 percent. On Wednesday, the 10-year yield touched its highest intraday since Dec. 27 at 2.000 percent.