Europe Roundup: Sterling nears three-week highs against dollar,European stocks ease from one-month highs, Gold retreats from multi-year peak, Oil down as U.S. virus spike stokes demand worries-July 7th,2020
Asia Roundup: Aussie gains on upbeat retail sales, dollar consolidates within narrow ranges amid holiday-thinned trading, Asian shares at 4-month peak - Friday, July 3rd, 2020
Asia Roundup: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 2020
Europe Roundup: Euro dips lower against dollar as markets balanced hopes for a global economic recovery, European stocks dips,Gold hits 8-year peak.Oil rises on manufacturing data, U.S. inventories-July 1st 2020
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
America’s Roundup: U.S. dollar rises as surge in coronavirus cases boosts haven bid,Wall Street falls, Gold slides, Oil settles lower on rise in U.S. coronavirus cases-June 27th,2020
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
Americas Roundup: U.S. dollar slides to two-week low,Wall Street inches up, Gold smashes through $1,800 level,Oil falls as rise in virus cases, U.S. inventories stall recovery-July 9th,2020
America’s Roundup: Dollar recovers some overnight losses , Wall Street gains,Gold steadies near multi-year peak, Oil rises on improving economic data but virus case jump caps gains-June 30th,2020
Europe Roundup: Sterling gains on infrastructure spending promise, Brexit caps gains, European shares gain Gold holds close to near 8-year peak, Oil rises on improving economic data, supply cut-June 29th,2020
Europe Roundup: Euro dips against dollar as coronavirus anxiety deepens, European stocks gain, Gold set for fifth weekly gain, Oil dips, heading for weekly loss as virus cases rise-July 10th,2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
Europe Roundup: Sterling rises to three-week highs on news of Brexit talks, European shares slip, Gold steadies, Oil stable as rising virus cases, higher U.S. crude stockpiles stall recovery-July 8th,2020
Asia Roundup: Aussie retreats from near 4-week peak on fresh lockdowns, dollar rebounds against yen on upbeat service sector data, Asian shares plunge - Tuesday, July 7th, 2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
Europe Roundup: Euro dips as grim data keeps euro under pressure, European shares edge lower, Gold hovers close eight years high, Oil prices drop on prospect of returning Libyan supplies-June 30th,2020
Asia Roundup: Aussie rebounds as business conditions improve, gold consolidates ahead of U.S. President Trump speech, Asian shares plunge - Tuesday, November 12th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index held steady as investors remained cautious ahead of a speech by President Trump to the Economic Club of New York later in the day in case there was fresh news on the U.S.-China phase 1 trade deal. The greenback against a basket of currencies traded flat at 98.23, having touched a high of 98.40 on Friday, its highest since October 16.
EUR/USD: The euro steadied after falling to a near 4-week low in the previous session on European Central Bank policymaker Yves Mersch comments, stating that persistent weakness in eurozone manufacturing raised the risk of other sectors of the economy being infected. The European currency traded flat at 1.1033, having touched a low of 1.1016 on Monday, its lowest since October 15. Investors’ attention will remain on a series of data from the Eurozone economies, EZ ZEW Survey and ECB policymaker speeches, ahead of the Fed officials' speeches. Immediate resistance is located at 1.1048 (5-DMA), a break above targets 1.1062. On the downside, support is seen at 1.1012, a break below could drag it below 1.0985.
USD/JPY: The dollar index held firm above the 109.00 handle amid optimism that Washington and Beijing would soon reach a deal to end their debilitating trade war. However, concerns over rising Hong Kong tensions limited the upside in the pair. The major was trading 0.1 percent up at 108.97, having hit a high of 109.48 on Thursday, its highest since May 31. Investors’ will continue to track the broad-based market sentiment, ahead of the Fed officials' speeches. Immediate resistance is located at 109.62 (May 31 High), a break above targets 109.92 (May 30 High). On the downside, support is seen at 108.81 (10-DMA), a break below could take it near at 108.49.
GBP/USD: Sterling consolidated near a 1-week peak hit in the previous session, as the risk of a hung parliament in UK elections eased slightly. On Monday, Brexit Party leader Nigel Farage said his party was standing down candidates in seats won by the Conservatives in 2017 and would instead focus on challenging anti-Brexit politicians. The major traded 0.05 percent up at 1.2860, having hit a high of 1.2897 on Monday, it’s highest since November 5. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2917, a break above could take it near 1.2972 (November 1 High). On the downside, support is seen at 1.2834 (5-DMA), a break below targets 1.2768. Against the euro, the pound was trading flat at 85.79 pence, having hit a high of 85.57 on Monday, it’s highest since May 8.
AUD/USD: The Australian dollar rebounded from a 2-week low after National Australia Bank's index of business conditions inched up one point to +3 in October as firms reported a rise in sales, offering a hint of stabilisation after months of weakness. The Aussie trades 0.05 percent down at 0.6846, having hit a low of 0.6832 earlier, it’s lowest since October 28. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6810, a break below targets 0.6784. On the upside, resistance is located at 0.6876, a break above could take it near 0.6907.
NZD/USD: The New Zealand dollar eased, reversing most of its previous session gains as uncertainty remained over whether the United States and China could end their trade war. The Kiwi trades 0.4 percent down at 0.6332, having touched a low of 0.6322 on Friday, its lowest level since October 17. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6396, a break above could take it near 0.6431. On the downside, support is seen at 0.6313, a break below could drag it below 0.6289.
Asian shares slumped amid persisting uncertainty over whether the United States and China could end their damaging trade war.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5 percent.
Tokyo's Nikkei rallied 0.5 percent to 23,452.26 points, Australia's S&P/ASX 200 index eased 0.3 percent to 6,753.00 points and South Korea's KOSPI surged 0.3 percent to 2,132.64 points.
Shanghai composite index rose 0.1 percent to 2,912.63 points, while CSI 300 index traded 0.05 percent down at 3,902.76 points.
Hong Kong’s Hang Seng traded 0.3 percent higher at 27,000.56 points. Taiwan shares added 0.8 percent to 11,520.37 points.
Crude oil prices eased, extending losses for the second straight session, as Saudi Arabian crude output rose, reinforcing concerns about a glut. International benchmark Brent crude was trading 0.1 percent down at $62.15 per barrel by 0446 GMT, having hit a low of $60.65 on Friday, its lowest since November 1. U.S. West Texas Intermediate was trading 0.05 percent down at $56.80 a barrel, after falling as low as $55.74 on Friday, its lowest since November 1.
Gold prices consolidated near 3-month low hit in the previous session, as investors waited for clues from U.S. President Donald Trump on the status of trade talks with China. Spot gold was trading flat at $1,456.17 per ounce by 0448 GMT, having touched a low of $1,455.74 on Monday, its lowest August 5. U.S. gold futures were also unchanged at $1,456.60 per ounce.
The Australian government bonds jumped during Asian session of the second trading day of the week amid a muted day that witnessed data of little economic significance ahead of the country’s employment report for the month of October, scheduled to be released on November 14 by 00:30GMT. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped 2 basis points to 1.276 percent, the yield on the long-term 30-year bond plunged 2-1/2 basis points to 1.877 percent and the yield on short-term 2-year suffered 2 basis points at 0.859 percent.