Europe Roundup: Sterling eases below 1.2900 as probability of a hung parliament increases, euro tumbles as EZ factory activity declines, investors eye ECB President Lagarde's speech - Monday, December 2nd, 2019
Europe Roundup: Sterling at 7-month peak as investors speculate on Conservative majority, euro tumbles as German services sector growth weakens, investors eye U.S. service PMI - Wednesday, December 4th, 2019
Asia Roundup: Aussie rallies as RBA stands pat, greenback eases following weak U.S. manufacturing data, Asian shares plunge on Trump's Latin American tariffs - Tuesday, December 3rd, 2019
America's Roundup: Dollar gains after stronger-than-expected U.S. jobs report, Gold slips 1%,Wall Street climbs ,Oil rises sharply this week as OPEC+ agrees on deeper output cuts-December 7th,2019
America’s Roundup: Dollar firms above 1-month lows on trade tensions, Wall Street bounces, Gold retreats, Oil jumps 4% on U.S. stockpiles drop-December 5th,2019
Europe Roundup: Sterling at 8-month peak on expectations of Conservative win in UK election, euro steadies as EZ investor morale improves, European shares tumble - Monday, December 9th, 2019
Europe Roundup: Sterling consolidates near 1.2900, euro steadies as EZ inflation accelerates quicker than expected, European shares tumble - Friday, November 29th, 2019
Asia Roundup: Aussie eases on rate cut forecast, dollar rallies against yen on Trump trade deal comments, Asian shares surge - Wednesday, November 27th, 2019
Asia Roundup: Antipodeans steady near multi-month peak as investors await clarity on fresh U.S. tariffs; greenback consolidates ahead of Fed decision, Asian shares ease - Tuesday, December 10th, 2019
Europe Roundup: Sterling gains following YouGov poll, euro rebounds as Eurozone sentiment improves, European shares tumble - Thursday, November 28th, 2019
America's Roundup: Dollar loses trade uncertainty weighs,Wall Street slips, Gold gains, Oil slumps but sets monthly gain ahead of OPEC meeting-November 30th,2019
Europe Roundup: Sterling poised for best week since mid-October, euro off highs as German industry output declines, investors eye U.S. nonfarm payroll - Friday, December 6th, 2019
Europe Roundup: Sterling rallies above 1.3100 ahead of next week's election; Swiss franc, yen ease on U.S.-China trade optimism, European shares rally - Thursday, December 5th, 2019
Asia Roundup: Antipodeans ease on prospects of U.S. tariffs, greenback rallies on strong U.S. jobs data, Asian shares surge - Monday, December 9th, 2019
Asia Roundup: Aussie off highs as economy struggles to grow, yen at 2-week peak against dollar as trade concerns linger, Asian shares slump - Wednesday, December 4th, 2019
America’s Roundup: Dollar holds ground as central bank meetings loom, Wall Street falls, Gold inches up, Oil prices slip as weak China exports highlight trade war impact-December 10th,2019
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.
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