Europe Roundup: Euro rise after positive economic indicators, European shares gains, Gold rise to new record high, Oil prices rise as U.S. crude inventories show large drop-August 5th,2020
America’s Roundup: Dollar climbs after US jobs data, U.S. stocks gains,Gold eases, Oil slips below $45/bbl on demand concerns but posts weekly rise-August 08,2020
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 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
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street pauses, Gold retreats from record peak. Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
Asia Roundup: Aussie steadies as RBA keeps policy steady, dollar gains against yen as investors await U.S. stimulus deal, Asian shares surge - Tuesday, August 4th, 2020
America’s Roundup: Dollar inches higher after stalemate in pandemic aid talks, Wall Street dips, Gold crashes over 4%, Oil eases as U.S. stimulus hopes dim, virus cases rise-August 12th,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
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
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
Asia Roundup: Dollar slumps across the board on abysmal U.S. economic data, Asian shares plunge, investors eye EZ CPI - Friday, July 31st, 2020
Asia Roundup: Sterling at 5-month peak as BoE stands pat, dollar eases as investors fret over U.S. recovery, Asian shares subdued - Thursday, August 6th, 2020
Asia Roundup: Dollar gains against yen as investors await U.S. stimulus talks, Asian shares rally - Tuesday, August 11th, 2020
Asia Roundup: Aussie eases on U.S.-China tensions, greenback steadies as U.S. treasury yields resume rise, Asian shares consolidate - Monday, August 10th, 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
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rose to a 1-week peak as hopes of an economic turnaround boosted investor appetite, although concerns over rising coronavirus cases limited upside. The greenback against a basket of currencies traded 0.2 percent higher at 97.70, having touched a low of 96.39 last week, its lowest since June 11.
EUR/USD: The euro declined, reversing most of its previous session gains, as the greenback surged on data that showed contracts to buy U.S. previously owned homes rebounded by the most on record in May. The European currency traded 0.2 percent down at 1.1216, having touched a high of 1.1348 last week, its highest since June 16. Investors’ attention will remain on a series of data from Eurozone economies, and EZ consumer price index, ahead of U.S. consumer confidence, Chicago Purchasing Managers' Index, Treasury Sec Mnuchin speech, Fed Brainard and Chairman Powell's speech. Immediate resistance is located at 1.1290, a break above targets 1.1332. On the downside, support is seen at 1.1168, a break below could drag it below 1.1134.
USD/JPY: The dollar rallied, extending gains for the fifth straight session, as an upbeat U.S. data spurred fresh optimism on the world's largest economy and boosted investor sentiment. U.S. pending home sales surged 44.3 percent, compared to economists’ forecast for a 18.9 percent rise. Investors now await U.S. jobs data due on Thursday, which is expected to show U.S. employers added 3 million jobs in June. The major was trading 0.1 percent up at 107.65, having hit a high of 107.88 on Monday, its highest since June 9. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. consumer confidence, Chicago Purchasing Managers' Index, Treasury Sec Mnuchin speech, Fed Brainard and Chairman Powell's speech. Immediate resistance is located at 107.94, a break above targets 108.30. On the downside, support is seen at 107.33, a break below could take it near at 107.05 (10-DMA).
GBP/USD: Sterling declined, hovering towards a 4-1/2 week low hit in the prior session, amid concerns about how Britain's government will pay for its planned infrastructure program following Prime Minister Boris Johnson's promise to increase spending. The major traded 0.2 percent down at 1.2276, having hit a low of 1.2251 on Monday, it’s lowest since May 28. Investors’ attention will remain on the geopolitical developments ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2347, a break above could take it near 1.2404. On the downside, support is seen at 1.2210, a break below targets 1.2160. Against the euro, the pound was trading 0.05 percent up at 91.28 pence, having hit a low of 91.75 on Monday, it’s lowest since March 26.
AUD/USD: The Australian dollar eased as risk sentiment slightly weakened as confirmed COVID-19 cases worldwide exceeded 10 million and deaths surpassed 500,000 over the weekend. The Aussie trades 0.1 percent down at 0.6855, having hit a high of 0.6974 last week, it’s highest since June 16. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.6900 (21-DMA), a break above could take it near 0.6929. On the downside, support is seen at 0.6828 a break below targets 0.6776.
Asian shares surged after data showed China’s manufacturing sector grew more than expected in June, supporting investor risk sentiment.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9 percent.
Tokyo's Nikkei surged 1.3 percent to 22,288.14 points, Australia's S&P/ASX 200 index gained 1.4 percent to 5,897.90 points. South Korea's KOSPI jumped 0.7 percent to 2,108.33 points.
Shanghai composite index rose 0.8 percent to 2,984.67 points, while CSI 300 index traded 1.3 percent up at 4,163.96 points.
Hong Kong’s Hang Seng traded 0.4 percent higher at 24,388.48 points. Taiwan shares added 0.7 percent to 11,621.24 points.
Crude oil prices consolidated within narrow ranges as investors awaited more signs of a demand recovery in data due on Tuesday from the American Petroleum Institute industry group, and from the U.S. government on Wednesday. International benchmark Brent crude was trading flat at $41.60 per barrel by 0606 GMT, having hit a low of $39.45 on Thursday, its lowest since June 16. U.S. West Texas Intermediate was trading 0.6 percent low at $39.42 a barrel, after falling as low as $37.07 on Thursday, its lowest since June 16.
Gold prices steadied and were heading for their biggest quarterly rise in more than four years amid growing fears over rising coronavirus cases around the world. Spot gold was trading flat at $1,771.64 per ounce by 0608 GMT, having touched a high of $1,779.44 on Wednesday, its highest since October 2012. The safe-haven metal gained more than 12 percent this quarter, putting it on track for its best quarter since end-March 2016, while it was also headed for its third straight monthly gain. U.S. gold futures were flat at $1,781.20.
The U.S. Treasury yields edged up, with the benchmark 10-year note yield trading at 0.628 percent.