Europe Roundup: Euro dips as eurozone Sept business growth halts ,European stocks gain,Gold hits six-week trough, Oil edges up to $42, eyeing Libya and U.S. inventories-September 23rd,2020
Europe Roundup: Euro gains on weaker dollar, all eyes on Fed meeting, European stocks gain, Gold rises, Oil slips as demand concerns rise, Libya output looms-September 14th,2020
America’s Roundup: Dollar gains as risk assets tumble on rising COVID-19 cases, U.S. election uncertainty, Wall Street ends lower, Gold slides 3%, Oil falls 5% as economic outlook dims with rising virus cases-September 22nd 2020
America’s Roundup: Dollar holds strong gains against eruro,Wall Street closes lower, Gold touches six-week low, Oil edges higher after U.S. crude, fuel stockpiles draw down-September 24th,2020
Europe Roundup: Euro falls as rising COVID-19 cases unnerve investors, European stocks slips, Gold drops to near two-week low, Oil prices slip on potential Libyan output return, demand concerns-September 21st,2020
Europe Roundup: Euro firms as ECB policymakers calm worries,European shares flat, Gold slips, Oil falls on U.S. market slide, surprise inventories rise-Sep 11th,2020
Europe Roundup: Euro gains as soft U.S. data, uncertainty darken outlook, European share dips, Gold rises, Oil prices mixed as OPEC boost countered by Libyan developments-September 18th,2020
Asia Roundup: Kiwi plunges ahead of RBNZ policy decision, Aussie slumps on RBA Debelle's comments, greenback holds near 6-week high as investors eye Fed Powell's testimony - Tuesday, September 22nd, 2020
Europe Roundup:Euro edges higher as investors await Fed statement, European stocks gains,Gold rises, Oil jumps above $41 as storm hits U.S. output, inventories drop-September 16th,2020
Asia Roundup: Kiwi at over 1-year peak as FinMin Robertson rules out RBNZ’s rate change, greenback plunges on downbeat data, Asian shares edge higher - Friday, September 18, 2020
America’s Roundup: Dollar dips as market recovers from weak U.S. jobs data,Wall Street drops, Gold eases, Oil prices edge up off three-month lows, but demand concerns persist-September 12th,2020
America’s Roundup: Dollar gains after Fed upgrades economic outlook, Wall Street ends mixed, Gold gains,Oil up more than 4% as U.S. stockpiles fall, hurricane hits output-September 17th,2020
Asia Roundup; Antipodeans rebound from multi-week lows, dollar gains against yen on renewed stimulus hopes, Asian shares surge - Friday, September 25th, 2020
Asia Roundup: Dollar eases on growing concerns over U.S. stimulus, euro rallies on ECB Lagarde's comments, investors eye U.S. CPI data - Friday, September 11th, 2020
Europe Roundup: Euro dips as Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,2020
Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,2020
Asia Roundup: Dollar steadies across the board on U.S. stimulus hopes, gold eases from record peak on profit taking, Asian shares nudge higher - Tuesday, July 28th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rebounded from 2-year lows amid hopes of stimulus extension as U.S. Senate Republicans raced to complete details of a $1 trillion coronavirus aid proposal before enhanced unemployment benefits expire on Friday. The greenback against a basket of currencies traded 0.2 percent up at 93.84, having touched a low of 93.48 on Monday, its lowest since June 2018.
EUR/USD: The euro eased on profit taking after rising to a near 2-year peak in the previous session on the 750 billion euro fund that European Union leaders agreed last week. The European currency traded 0.1 percent lower at 1.1731, having touched a high of 1.1781 on Monday, its highest since September 2018. Investors’ attention will remain on a series of data from Eurozone economies, ahead of the U.S. consumer confidence and Richmond Fed Manufacturing Index. Immediate resistance is located at 1.1815, a break above targets 1.1845. On the downside, support is seen at 1.1660, a break below could drag it below 1.1619 (5-DMA).
USD/JPY: The dollar steadied after slumping to an over 4-month trough in the prior session as the Federal Reserve is expected to reiterate that it will keep rates near zero for years to come when it concludes its two-day policy meeting on Wednesday. The major was trading 0.2 percent up at 105.54, having hit a low of 105.11 earlier, its lowest since March 13. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. consumer confidence and Richmond Fed Manufacturing Index. Immediate resistance is located at 105.96, a break above targets 106.20. On the downside, support is seen at 105.04, a break below could take it near at 104.77.
GBP/USD: Sterling slumped after rising to a 4-1/2 month high earlier in the session, as investors focused on the uncertainty over Brexit and Britain’s economic prospects. Britain and the European Union discussed last week the chances of securing a free trade agreement, with Brussels deeming it unlikely but London hoping that one could be reached in September. The major traded 0.1 percent down at 1.2863, having hit a high of 1.2904 earlier, it’s highest since March 11. Investors’ attention will remain on the geopolitical developments, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2925, a break above could take it near 1.2943. On the downside, support is seen at 1.2815, a break below targets 1.2775 (5-DMA). Against the euro, the pound was trading 0.1 percent up at 91.16 pence, having hit a low of 91.48 on Monday, it’s lowest since June 29.
AUD/USD: The Australian dollar eased from a near 1-week peak as the greenback steadied across the board. The Aussie trades 0.2 percent down at 0.7137, having hit a high of 0.7177 earlier, it’s highest since July 22. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate resistance is located at 0.7198, a break above could take it near 0.7239. On the downside, support is seen at 0.7112, a break below targets 0.7090.
Asian shares nudged higher as investors weighed progress in U.S. government stimulus efforts against rising tensions with China and the growing coronavirus pandemic.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.6 percent.
Tokyo's Nikkei fell 0.3 percent to 22,657.38 points, Australia's S&P/ASX 200 index eased 0.4 percent to 6,020.50 points. South Korea's KOSPI surged 1.8 percent to 2,256.99 points.
Shanghai composite index rose 0.7 percent to 3,228.27 points, while CSI 300 index traded 0.9 percent up at 4,568.75 points.
Hong Kong’s Hang Seng traded 0.4 percent higher at 24,717.83 points. Taiwan shares shed 0.05 percent to 12,586.73 points.
Crude oil prices declined as rising coronavirus cases dampened the outlook for demand and countered optimism over more U.S. stimulus. International benchmark Brent crude was trading 0.3 percent down at $43.35 per barrel by 0538 GMT, having hit a low of $42.37 on Monday, its lowest since July 20. U.S. West Texas Intermediate was trading 0.6 percent lower at $41.43 a barrel, after rising as low as $40.51 on Monday, its lowest since July 20.
Gold prices declined from record peaks on profit taking, helping the dollar to rise from 2-year lows. Spot gold eased 0.1 percent to $1,940.05 per ounce by 0558 GMT, having hit an all time high of $1,981.35 earlier. U.S. gold futures climbed 1.4 percent to $1,924.20.
The U.S. Treasury yields edged higher, with the benchmark 10-year note yield trading at 0.621 percent.