Europe Roundup : Euro little changed as investors await Fed meeting, European share flat, Gold eases, Oil prices jump on U.S. inventory drop-July 29th,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
Europe Roundup: Sterling rises to five-month high against dollar as BoE signals sub-zero rates not imminent, European shares dip, Gold flirts with record peak, Oil prices pull back from five-month highs as rising product stocks weigh-August 6th,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
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 steadies near 2-year low as investors turn to Congress for stimulus, Asian shares surge, markets await EZ economic data - Thursday, 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 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: Aussie gains on upbeat economic data, dollar eases on recovery worries, Asian shares consolidate - Wednesday, August 5th, 2020
America’s Roundup: Dollar strengthens after US jobless claims data,Wall Street gains, Gold accelerates higher, Oil settles below 5-month highs amid fuel demand worries-August 7th,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
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 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 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
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
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: Euro eases following ECB Knot's comments, yen rallies as resurgent virus threatens global economic recovery, Asian shares consolidate - Friday, June 26th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rose, supported by the broader rise in corporate demand towards the end of the quarter. The greenback against a basket of currencies traded 0.05 percent up at 97.43, having touched a low of 96.39 on Tuesday, its lowest since June 11.
EUR/USD: The euro declined, extending losses for the third straight session after European Central Bank policymaker Klaas Knot stated that the recent series of positive economic indicators in the euro zone confirmed that a recovery is on its way but the bloc may still need years to reach pre-crisis levels of activity. The European currency traded 0.05 percent down at 1.1213, having touched a high of 1.1348 on Tuesday, its highest since June 16. Investors’ attention will remain on a series of data from Eurozone economies, EZ M3 money supply, ahead of U.S. personal consumption expenditures, personal income, personal spending and Michigan consumer sentiment index. Immediate resistance is located at 1.1249 (10-DMA), a break above targets 1.1269. On the downside, support is seen at 1.1185, a break below could drag it below 1.1168.
USD/JPY: The dollar eased, halting a 2-day winning streak as caution over rapid rises in U.S. coronavirus cases cast doubt over the reopening of the economy. The major was also weakened by data showing initial claims for state unemployment benefits stood at a seasonally adjusted 1.48 million for the week ended June 20. The major was trading 0.1 percent down at 107.08, having hit a low of 106.07 on Tuesday, its lowest since May 7. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. personal consumption expenditures, personal income, personal spending and Michigan consumer sentiment index. Immediate resistance is located at 107.60 (21-DMA), a break above targets 108.10. On the downside, support is seen at 106.86, a break below could take it near at 106.51.
GBP/USD: Sterling consolidated within narrow ranges amid worries about a second wave of COVID-19 infections and negotiations over a Brexit deal. The major traded flat at 1.2416, having hit a low of 1.2335 on Monday, 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 1.2485 (10-DMA), a break above could take it near 1.2532 (21-DMA). On the downside, support is seen at 1.2363, a break below targets 1.2335. Against the euro, the pound was trading flat at 90.29 pence, having hit a low of 90.78 on Tuesday, it’s lowest since March 27.
AUD/USD: The Australian dollar nudged down, as cases rose across the United States, while over 9.51 million people have been infected globally, according to a Reuters tally. The Aussie trades 0.05 percent down at 0.6880, having hit a high of 0.6974 on Tuesday, 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 0.6929, a break above could take it near 0.6960. On the downside, support is seen at 0.6835 a break below targets 0.6807.
Asian shares rose but were poised to end the week with only slight gains as surging coronavirus infections dented hopes for a swift global recovery.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.5 percent.
Tokyo's Nikkei rose 1.1 percent to 22,512.08 points, Australia's S&P/ASX 200 index surged 1.5 percent to 5,904.10 points.
South Korea's KOSPI rallied 1.1 percent to 2,135.76 points.Hong Kong’s Hang Seng traded 0.8 percent lower at 24,583.93 points.
Crude oil prices surged, extending gains for the second straight session on optimism about recovering fuel demand worldwide, although a surge in coronavirus infections in some U.S. states limited upside. International benchmark Brent crude was trading 0.6 percent higher at $41.67 per barrel by 0531 GMT, having hit a low of $39.45 on Thursday, its lowest since June 16. U.S. West Texas Intermediate was trading 0.5 percent up at $39.27 a barrel, after falling as low as $37.10 on Thursday, its lowest since June 16.
Gold prices declined on a firm dollar and a gain in equities but were headed for their third consecutive weekly gain on worries about rising global cases of the novel coronavirus. Spot gold was trading 0.3 percent down at $1,758.41 per ounce by 0541 GMT, having touched a high of $1,779.44 on Wednesday, its highest since October 2012. U.S. gold futures fell 0.2 percent to $1,766.25. The bullion has gained more than 1 percent so far this week, with prices recording a near 8-year high earlier in the week.
The U.S. Treasury yields edged down, with the benchmark 10-year note yield trading at 0.673 percent, while the 2-year yield was at 0.187 percent.