Europe Roundup: Euro gains as ECB's cautious optimism on vaccine supports single currency, European shares edged lower ,Gold steady, Oil falls on COVID-19 surge but on track for weekly gain-November 13th,2020
America’s Roundup: Dollar weakens on rising coronavirus case numbers, Wall Street closes lower, Gold range-bound, Oil steady as pandemic lockdown worries offset vaccine hopes-November 18th,2020
America’s Roundup: Dollar on defensive amid weak U.S. data, increase in risk appetite, Wall Street ends mixed, Gold gains, Oil rallies past eight-month high on U.S. crude inventory draw, vaccine hopes-November 26th,2020
Europe Roundup: Euro edges higher as vaccine and recovery hopes lift investor spirits, European shares rise, Gold slides 1%, Oil moves higher on latest COVID-19 vaccine progress-November 16th,2020
America’s Roundup: Dollar rises again as markets adjust to vaccine hope and higher yields, Wall Street ends mixed, Gold inches up, Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown-November 12th,2020
Europe Roundup: Sterling edges higher on renewed Brexit deal hopes,European shares higher, Gold edges lower,Oil set for third week of gains on vaccine hopes-November 20th,2020
Europe Roundup:Sterling weakens against dollar as BoE ramps up stimulus, European shares ease , Gold inches higher ,Oil extends gain on vaccine hope-November 25th,2020
America’s Roundup: Dollar flat, euro bumps higher as sentiment see-saws, Wall Street drops, Gold rises 1%, Oil falls on coronavirus surge, unexpected U.S. crude stockpile rise-November 13th,2020
Europe Roundup:Euro gains on vaccine cheer, European shares gain, Gold slips, Oil prices rise on back of COVID vaccine news-November 23rd,2020
America’s Roundup: Dollar falls to lowest level in almost 3 months, Wall Street rises, Gold dives below $1,800, Oil prices post weekly gain ahead of OPEC+ meeting-November 28th,2020
Europe Roundup: Euro eases on rising on COVID-19 count, European stocks slide, Gold slips, Oil prices dip as COVID-19 cases outweigh vaccine optimism-November 19th,2020
Europe Roundup:Euro little changed against dollar as vaccine cheers fades ,European shares gain, Gold little changed,Oil rises on hopes for delay to OPEC+ supply increase-November 18th,2020
Asia Roundup: Kiwi rallies as RBNZ unveils new lending scheme, dollar eases against yen amid concerns over rising virus cases, Asian shares surge as vaccine hopes offset second-wave worries- Wednesday, November 11th, 2020
Europe Roundup: Sterling near 3-month high as dollar struggles, European shares fall, Gold rises, Oil rally stalls on signs of more supply, demand doubts-November 26th,2020
America’s Roundup: U.S. dollar weakens for fifth day on vaccine optimism, Wall Street closes lower, Gold slips, Oil gains 1% on potential OPEC+ rethink and vaccine hopes-November 19th,2020
America’s Roundup: Dollar gains in tug-of-war between vaccine, rising virus cases, Wall Street closes lower, Gold firms, Oil rises about 1%, posts third week of gains on vaccine hopes-November 21st 2020
Asia Roundup: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased as Texas, Arizona and Nevada set records for a second week in their coronavirus outbreaks and 10 other states from Florida to California were grappling with surging infections. The greenback against a basket of currencies traded 0.1 percent down at 96.57, having touched a high of 97.74 on Monday, its highest since June 2.
EUR/USD: The euro surged, extending gains for the third straight session, as business surveys from France and Germany suggested both the economies were recovering from the depths of the COVID-19 crisis as they came out of lockdown. The European currency traded 0.1 percent up at 1.1322, 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, ECB non-monetary policy meeting and ECB Lane's speech, ahead of U.S. housing price index and Fed officials' speech. Immediate resistance is located at 1.1353, a break above targets 1.1383. On the downside, support is seen at 1.1270 (10-DMA), a break below could drag it below 1.1237 (5-DMA).
USD/JPY: The dollar rebounded from a near 7-week low, as upbeat data out of Europe stoked hopes for a global economic recovery and underpinned appetite for riskier currencies. The major was trading 0.1 percent up at 106.59, 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. housing price index and Fed officials' speech. Immediate resistance is located at 106.84 (5-DMA), a break above targets 107.02 (10-DMA). On the downside, support is seen at 106.22, a break below could take it near at 105.99.
GBP/USD: Sterling eased after surging in the prior session on UK's better than expected PMI. The IHS Markit/CIPS flash composite Purchasing Managers’ Index, which measures activity in the services sector and manufacturing, advanced to 47.6 in June from 30.0 in May. The major traded 0.1 percent down at 1.2502, 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 1.2566, a break above could take it near 1.2605. On the downside, support is seen at 1.2478, a break below targets 1.2458. Against the euro, the pound was trading 0.2 percent down at 90.48 pence, having hit a low of 90.78 on Tuesday, it’s lowest since March 27.
AUD/USD: The Australian dollar rallied amid growing optimism despite spiking coronavirus cases in the United States, Germany and elsewhere. The Aussie trades 0.1 percent up at 0.6936, 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 0.6987, a break above could take it near 0.7012. On the downside, support is seen at 0.6893 (10-DMA) a break below targets 0.6857 (21-DMA).
Asian shares gained as investors remained upbeat on the outlook for a re-opening of the global economy even as cases of the coronavirus rose to record peaks.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.4 percent.
Tokyo's Nikkei fell 0.05 percent to 22,534.32 points, Australia's S&P/ASX 200 index surged 0.2 percent to 5,965.70 points. South Korea's KOSPI rallied 1.6 percent to 2,165.08 points.
Shanghai composite index rose 0.4 percent to 2,981.22 points, while CSI 300 index traded 0.5 percent up at 4,143.79 points.
Hong Kong’s Hang Seng traded 0.2 percent lower at 24,868.00 points. Taiwan shares added 0.4 percent to 11,660.67 points.
Crude oil prices declined, extending losses from the previous day, after U.S. crude stockpiles grew more than expected, adding to worries about oversupply. International benchmark Brent crude was trading 0.6 percent higher at $42.59 per barrel by 0544 GMT, having hit a high of $43.92 on Tuesday, its highest since March 9. U.S. West Texas Intermediate was trading 0.5 percent up at $40.20 a barrel, after rising as high as $41.61 on Tuesday, its highest since March 6.
Gold prices rallied to its highest level since October 2012, as worries over a rise in coronavirus infections and hopes of more stimulus measures to combat the economic blow boosted the metal's appeal. Spot gold was trading 0.1 percent up at $1,769.75 per ounce by 0557 GMT, having touched a high of $1,773.55 earlier, its highest since late 2012. U.S. gold futures rose 0.4 percent to $1,789.20.
On Tuesday, the benchmark U.S. 10-year yield was up less than a basis point at 0.7102 percent, while the two-year U.S. Treasury yield was unchanged at 0.1918 percent.