Asia Roundup: Aussie off 6-month peak on RBA's downbeat economic assessment, greenback steadies near multi-month lows as traders await U.S. nonfarm payrolls, Asian shares ease on U.S.-China tensions - Friday, August 7th, 2020
America’s Roundup: Dollar holds near 1-week high, European stocks maon, Gold loses ground, Oil settles higher on Chinese factory data, U.S. stimulus hopes-August 11th,2020
Asia Roundup: Dollar slumps across the board on abysmal U.S. economic data, Asian shares plunge, investors eye EZ CPI - Friday, July 31st, 2020
Europe Roundup: Sterling rises ahead of UK data,, European shares gain, Gold eases, Oil prices back on the rise on U.S. stimulus hopes, Iraq output cut-August 10th,2020
Europe Roundup: Sterling heads lower after early gains, European shares dips,Gold edges back from record peak, Oil falls as rising virus cases overshadow demand recovery-August 4th,2020
America’s Roundup: Dollar heads for steepest monthly drop in decade, Wall Street gains, Gold rises, Oil posts monthly gains as U.S. reports record output cuts in May-August 1st,2020
Europe Roundup:Euro dips on renewed U.S.-Sino tensions, jobs data eyed, European stocks flat, Gold eases, Oil slips below $45 on demand concerns, set for weekly rise-August 7th,2020
Asia Roundup: Dollar slumps against yen as investors eye Fed policy meeting outcome, U.S. stimulus talks; Asian shares nudge lower - Wednesday, July 29th, 2020
America’s Roundup: Dollar retreats on stimulus talks, Wall Street ends higher, Gold gains, Oil edges up to highest since March on hopes for U.S. stimulus-August 5th,2020
America’s Roundup: Dollar slides as Trump's election tweet rattle markets,Wall Street falls ,Gold retreats, Oil down nearly 4% as virus surge weighs on demand outlook-July 31st,2020
Europe Roundup: Euro's advance slows as risk sentiment falters, European shares slip,Gold retreats more than 1%, Oil prices slide as virus surge weighs on demand outlook-July 30th,2020
America’s Roundup: Dollar hits two-year lows as Fed affirms dovish stance, Wall Street closes higher, Gold gains, Oil edges up after sharp U.S. crude inventory drop-July 30th,2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street closes lower, Gold retreats from record peak,Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,2020
America’s Roundup: Dollar stays weak amid signs of lagging U.S. economy, Wall Street gains, Gold scales new record, Oil moves up on big crude inventory decline-August 6th,2020
Asia Roundup: Aussie rebounds on RBA Lowe's comments, greenback steadies near recent peaks amid fears of virus second wave, Asian shares consolidate - Monday, June 22nd, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased but remained near recent peaks as investors awaited the U.S. consumer sentiment figures due later in the day to gauge whether encouraging signs of recovery from May can be sustained. The greenback against a basket of currencies traded 0.1 percent down at 97.56, having touched a high of 97.72 on Friday, its highest since June 2.
EUR/USD: The euro rose, halting a 4-day losing streak, as the greenback eased amid rising infections in the United States. The European currency traded 0.2 percent up at 1.1199, having touched a low of 1.1168 on Friday, its lowest since June 3. Investors’ attention will remain on a series of data from Eurozone economies, EZ consumer confidence, ECB De Guindos' and Lane's speech, ahead of U.S. existing home sales and Chicago Fed National Activity Index. Immediate resistance is located at 1.1241 (5-DMA), a break above targets 1.1276 (10-DMA). On the downside, support is seen at 1.1154, a break below could drag it below 1.1100.
USD/JPY: The dollar consolidated within narrow ranges, as investors refrained from taking big positions, amid renewed worries about the second wave of coronavirus infections globally and geopolitical tensions. On Sunday, the World Health Organization reported a record increase in global cases, while Beijing and Australia’s Victoria state re-introduced measures to control the virus. The major was trading flat at 106.89, having hit a low of 106.66 on Thursday, its lowest since June 12. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. existing home sales and Chicago Fed National Activity Index. Immediate resistance is located at 107.09 (5-DMA), a break above targets 107.29 (10-DMA). On the downside, support is seen at 106.58, a break below could take it near at 105.99.
GBP/USD: Sterling bounced back from a 3-week low as retail sales rebounded in May more strongly than expected. Data released on Friday showed British retail sales jumped 12 percent last month after a historic 18 percent slump in April. A separate survey showed, consumer confidence figures for May were the strongest since the lockdown began but overall remained weak. The major traded 0.3 percent up at 1.2377, having hit a low of 1.2335 earlier, it’s lowest since June 1. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2467, a break above could take it near 1.2506. On the downside, support is seen at 1.2290, a break below targets 1.2260. Against the euro, the pound was trading flat at 90.45 pence, having hit a low of 90.72 on Friday, it’s highest since March 27.
AUD/USD: The Australian dollar nudged higher on relief that Reserve Bank of Australia Governor Philip Lowe did not seem too concerned about its 24 percent surge from March lows. Lowe stated that the recent appreciation in the currency is not a problem at this point and impact of the COVID-19 pandemic would not be as bad as initially feared. The Aussie trades 0.3 percent up at 0.6854, having hit a low of 0.6807 earlier, it’s lowest since June 15. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6907 (10-DMA), a break above could take it near 0.6942. On the downside, support is seen at 0.6776, a break below targets 0.6750.
Asian shares consolidated within narrow ranges amid worries that rising coronavirus cases in the U.S. could delay a quick economic rebound from the massive downturn triggered by the pandemic.
MSCI's broadest index of Asia-Pacific shares outside Japan traded flat.
Tokyo's Nikkei declined 0.07 percent to 22,463.90 points, Australia's S&P/ASX 200 index gained 0.05 percent to 5,944.50 points. South Korea's KOSPI tumbled 0.4 percent to 2,133.21 points.
Shanghai composite index eased 0.1 percent to 2,964.74 points, while CSI 300 index traded 0.05 percent down at 4,097.24 points.
Hong Kong’s Hang Seng traded 0.8 percent higher at 24,428.12 points. Taiwan shares added 0.2 percent to 11,572.93 points.
Crude oil prices surged on tighter supplies from major producers, although concerns that a record rise in coronavirus infections globally could stall a recovery in fuel demand limited upside. International benchmark Brent crude was trading 0.3 percent higher at $42.07 per barrel by 0535 GMT, having hit a high of $42.90 on Friday, its highest since June 8. U.S. West Texas Intermediate was trading 0.4 percent up at $39.60 a barrel, after rising as high as $40.49 on Friday, its highest since June 8.
Gold prices rallied to its highest in more than a month as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic recovery. Spot gold was trading 0.5 percent at $1,752.58 per ounce by 0538 GMT, having touched a high of $1,758.67 earlier, its highest since May 18. U.S. gold futures rose 0.8 percent to $1,766.90.
On Friday, the benchmark 10-year note yields were little changed on the day at 0.699 percent. The yield curve between 2-year and 10-year notes was steady on the day at 51 basis points.