America’s Roundup: Dollar rises on hawkish Fed, strong consumer expenditure data, Wall Street ends higher, Gold hits 3-week low, Oil steadies as investors question reserve release-November 25th,2021
Europe Roundup: Sterling sinks below $1.33 for first time in 2021, European stocks fall,Gold jumps ,Oil tumble on virus variant fears-November 26th,2021
America’s Roundup: Dollar gains as US CPI sparks tightening fears, Wall Street ends mixed, Gold nears 5-month peak, Oil hovers near $83 as strong dollar vies with inflation worry-November 12th,2021
Europe Roundup: Sterling gains against dollar, European stocks extend gains, Gold firms, Oil drops on oversupply warnings, rising COVID cases-November 17th, 2021
Europe Roundup: Euro gains after German investor morale rises in November, European shares gain, Gold hovers near 2-month high, Oil approaches $84 as lifting of U.S. travel ban boosts demand-November 9th,2021
America’s Roundup: Dollar slips below 16-month highs as trade winds down for Thanksgiving, Wall Street ends higher, Gold edges up, Oil dips, focus on OPEC+ response to U.S.-led oil release-November 26th,2021
America’s Roundup: Dollar jumps on Powell renomination, Wall Street retreats, Gold slides over 2%-November 23rd,2021
Europe Roundup: Sterling slips against dollar as traders weigh EU restrictions impact Gold dips, European shares skid to 3-week lows ,Oil slips on US plans to tap emergency crude reserves-November 23rd,2021
America’s Roundup: Dollar steadies near 16-month high, Gold drops to near 3-week low, Oil rises 3% to one-week high after U.S. taps emergency reserves-November 24th,2021
Europe Roundup: Sterling rises on reports UK-EU deal on N.Ireland still possible, European shares gain,Gold slips, Oil prices head for weekly dip-November 12th,2021
America’s Roundup: Dollar rises after robust U.S. retail sales data, Wall Street gains, Gold retreats, Oil settles mixed on tight inventories, demand worries-November 17th,2021
Europe Roundup: Euro slides as Austria's fourth national COVID-19 lockdown begins, Gold hits 2-week low,Oil slips on COVID-19 curbs in Europe-November 22nd,2021
America’s Roundup: Dollar slips as investors attention turned to US inflation data, Wall Street closes up, Gold hits 2-month peak, Oil lifted by U.S. spending, as supply concerns weigh-November 9th,2021
Europe Roundup: Euro edges up as investors shrug off a more hawkish Fed, European shares rise, Gold steadies, Oil slips-November 25th,2021
America’s Roundup: Dollar rises as COVID concerns boosts greenbacks appeal, Wall Street ends mixed, Gold slips,Oil dives 3% on resurgent pandemic in Europe-November 20th,2021
Asia Roundup: Aussie plunges as RBA likely to consider June rate cut, greenback at 2-1/2 week peak as U.S. Treasury yields rise on Fed Powell's comments, Asian shares surge - Tuesday, May 21st, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rallied to a 2-1/2 week peak, as U.S. Treasury yields rose after Federal Reserve Chairman Jerome Powell expressed confidence in the U.S. economy. The greenback against a basket of currencies traded 0.1 percent up at 98.04, having touched a high of 98.04 earlier, its highest since May 3. FxWirePro's Hourly Dollar Strength Index stood at 59.65 (Bullish) by 0400 GMT.
EUR/USD: The euro declined, hovering towards a 2-week trough recorded in the prior session, weighed down by Italy's rising debt and political uncertainty. Investors are likely to remain cautious ahead of the May 23-26 European parliamentary election. The European currency traded 0.05 percent down at 1.1160, having touched a low of 1.1150 on Monday, its lowest since May 3. FxWirePro's Hourly Euro Strength Index stood at -31.60 (Neutral) by 0400 GMT. Investors’ attention will remain on the Eurozone preliminary consumer confidence index, ahead of the U.S. existing home sales and speeches by Fed's Evan and Rosengren. Immediate resistance is located at 1.1218 (May 7 High), a break above targets 1.1262 (April 22 High). On the downside, support is seen at 1.1118 (April 25 Low), a break below could drag it below 1.1100.
USD/JPY: The dollar steadied near a 2-week peak, as risk sentiment improved after Washington temporarily eased trade restrictions imposed last week on China's Huawei. However, worries that the United States and China were going for a longer, costlier trade war weighed on financial markets. The major was trading 0.1 percent up at 110.17, having hit a high of 110.31 on Monday, its highest since May 7. FxWirePro's Hourly Yen Strength Index stood at -65.27 (Bearish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. existing home sales and speeches by Fed's Evan and Rosengren. Immediate resistance is located at 110.67 (61.8% retracement of 111.68 and 109.01), a break above targets 111.11 (78.6% retracement). On the downside, support is seen at 109.47 (May 10 Low), a break below could take it lower at 109.01 (May 14 Low).
GBP/USD: Sterling consolidated near a 4-month low, after Britain's opposition Labour Party leader Jeremy Corbyn stated that he would not support Prime Minister Theresa May's new attempt to push through her Brexit bill if it was fundamentally the same as the bill that had been defeated three times before. The major traded flat at 1.2722, having hit a low of 1.2709 on Friday; it’s lowest since Jan. 15. FxWirePro's Hourly Sterling Strength Index stood at -70.79 (Bearish) 0400 GMT. Investors’ attention will remain on the UK Industrial trends survey, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2823 (23.6% retracement of 1.3176 and 1.2709), a break above could take it near 1.2890 (38.2% retracement). On the downside, support is seen at 1.2709 (Jan. 11 Low), a break below targets 1.2668 (Jan. 15 Low). Against the euro, the pound was trading 0.1 percent up at 87.70 pence, having hit a low of 87.84 on Monday, it’s lowest since Feb. 15.
AUD/USD: The Australian dollar slumped after Reserve Bank of Australia Governor Philip Lowe said that the central bank will consider the case for lower interest rates at its June policy meeting in order to support the economy and employment growth. On Monday, the major rebounded from a 4-1/2 month low on a surprise election win by the country's conservative government. The Aussie trades 0.4 percent down at 0.6876, having hit a low of 0.6864 on Friday, it’s lowest since Jan. 3. FxWirePro's Hourly Aussie Strength Index stood at 51.71 (Bullish) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6850, a break below targets 0.6815. On the upside, resistance is located at 0.6961 (Apr. 30 High), a break above could take it near 0.7002 (May 6 High).
NZD/USD: The New Zealand dollar plunged to a 7-month trough, as analysts feel an easing by the RBA would renew pressure for even lower rates, despite the Reserve Bank of New Zealand already cutting its rates earlier this month. The Kiwi trades 0.4 percent down at 0.6510, having touched a low of 0.6510 earlier, its lowest level Oct. 26. FxWirePro's Hourly Kiwi Strength Index was at -96.02 (Slightly Bearish) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6565 (10-DMA), a break above could take it near 0.6591 (May 14 High). On the downside, support is seen at 0.6474 (Oct. 4 Low), a break below could drag it below 0.6442 (Oct. 10 Low).
Asian shares surged after Washington temporarily eased trade restrictions imposed last week on China's Huawei, although fears of a further escalation in tensions dented investor risk sentiment.
MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.4 percent.
Tokyo's Nikkei eased 0.2 percent to 21,251.15 points, Australia's S&P/ASX 200 index gained 0.3 percent to 6,493.10 points and South Korea's KOSPI rallied 0.5 percent to 2,067.19 points.
Shanghai composite index rose 1.2 percent to 2,904.22 points, while CSI 300 index traded 1.3 percent up at 3,664.87 points.
Hong Kong’s Hang Seng traded 0.05 percent lower at 27,774.08 points. Taiwan shares added 0.6 percent to 10,464.50 points
Crude oil prices rose on escalating tensions between the United States and Iran and on signs that producer cartel OPEC will continue withholding supply this year. International benchmark Brent crude was trading 0.2 percent higher at $72.14 per barrel by 0430 GMT, having hit a high of $73.39 on Monday, its highest since Apr, 26. U.S. West Texas Intermediate was trading 0.4 percent up at $63.41 a barrel, after rising as high as $63.79 on Monday, its highest since the May 1.
Gold prices eased, extending losses for the sixth straight session, as strong dollar diminished bullion's safe-haven appeal, although heightening U.S.-China trade tensions limited downside. Spot gold declined 0.1 percent to $1,275.61 per ounce by 0435 GMT, having touched a low of $1,273.56 on Monday, its lowest since May 3. U.S. gold futures eased 0.1 percent to $1,276.10 an ounce.
The 10-year Treasury note yield extended its overnight rebound and hit an eight-day high of 2.428 percent.
The Japanese government bond prices were flat, with the 2-year yield and the 10-year yield unchanged at minus 0.160 percent and minus 0.050 percent, respectively. The 30-year yield was also flat at 0.540 percent
The Australian three-year bond contract was up 2.5 ticks at 98.800 after jumping from an early 98.730 low. The 10-year contract firmed 2 ticks to 98.3350.
The yields on New Zealand two-year bonds were hovering just above all-time lows at 1.40 percent.