Europe Roundup: Sterling gains as no-deal Brexit fears ease, euro at 1-week peak as new Italian coalition government unveils cabinet, European shares surge - Thursday, September 5th, 2019
Europe Roundup: Swiss franc, yen at 5-week lows as risk appetite improves, greenback gains as U.S. Treasury yields surge, sterling off 6-week peak amid persisting political uncertainty - Tuesday, September 10th, 2019
America's Roundup: Euro gains after ECB decision, yen weakens on trade hopes, Wall Street gains, Gold dips, Oil prices fall 1% on U.S.-China trade doubts, OPEC+ talks-September 13th, 2019
Europe Roundup: Sterling eases on worse-than-expected retail sales, Swiss franc rallies as SNB keeps policy steady, European shares surge - Thursday, September 19th, 2019
America’s Roundup: Dollar gains as Fed cuts rates, but easing outlook uncertain, Wall Street sinks, Gold slides 1%,Oil prices extend losses after Saudi pledge to restore lost output-September 19th,2019
America's Roundup: Euro gains as bank relief offsets ECB stimulus, Wall Street ends mixed, Gold eases,Oil dips as demand concerns counter U.S.-China trade hopes-September 14th,2019
Europe Roundup: Sterling consolidates near 6-week peak, Swiss franc, yen declines as China exempts some U.S. goods from retaliatory tariffs, European shares at multi-week peak - Wednesday, September 11th, 2019
Asia Roundup: Antipodeans ease as China's slowdown deepens, dollar off highs against yen as Saudi facility attacks weaken risk sentiment, oil at 4-month peak - Monday, September 16th, 2019
America’s Roundup: Dollar slips ahead of Fed rate decision,Wall Street ends mixed, Gold rises, Oil plummets 6% as Saudi minister says supplies fully restored-September 18th,2019
America's Roundup: Dollar firms, ECB meeting in focus, Wall Street slips, Gold dips to near one-month low, Oil falls on possibility of Iran exports resuming after Trump fires hardline adviser-September 11th, 2019
Asia Roundup: Aussie at 1-month peak on upbeat home loan data, greenback halts 4-day losing streak on Fed Powell's comments, Asian shares surge - Monday, September 9th, 2019
Europe Roundup: Sterling eases as investors eye vote on early election, euro tumbles as EZ growth halves in Q2, markets await U.S. non-farm payroll report - Friday, September 6th, 2019
Asia Roundup: Antipodeans rally as global tensions abate, greenback steadies on firm U.S. economic data, investors eye EZ Q2 GDP - Friday, September 6th, 2019
Asia Roundup: Aussie at 6-week peak amid optimism around U.S.-China trade talks, dollar gains against yen as risk appetite improves, Asian shares surge - Wednesday, September 11th, 2019
Asia Roundup: Aussie slumps on weak economic data, Kiwi tumbles as NZ posts current account deficit, greenback steadies ahead of Fed policy decision - Wednesday, September 18th, 2019
America’s Roundup: Dollar climbs on U.S. oil stockpile use after Saudi attacks,Wall Street dips, Gold rises 1%.Oil jumps nearly 15% in record trading after attack on Saudi facilities-September 17th, 2019
Asia Roundup: Kiwi at 7-month trough on rate cut speculation, dollar off highs against yen as U.S. home sales ease, Asian shares volatile - Wednesday, May 22nd, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rose after China's ambassador to the United States Cui Tiankai stated that Beijing is ready to resume trade talks with Washington. The greenback against a basket of currencies traded 0.05 percent up at 98.04, having touched a high of 98.13 on Tuesday, its highest since April 26. FxWirePro's Hourly Dollar Strength Index stood at 155.25 (HIghly Bullish) by 0400 GMT.
EUR/USD: The euro declined, drifting closer to an over 2-week low recorded in the prior session, amid ongoing political concerns in Italy, ahead of the May 23-26 European parliamentary election. The European currency traded 0.05 percent down at 1.1153, having touched a low of 1.1142 on Tuesday, its lowest since May 3. FxWirePro's Hourly Euro Strength Index stood at -1.24 (Neutral) by 0400 GMT. Investors’ attention will remain on the ECB non-monetary policy meeting and speeches by ECB President Mario Draghi and Executive Board member Praet, ahead of the minutes from U.S. Federal Reserve's latest meeting. Immediate resistance is located at 1.1218 (May 7 High), a break above targets 1.1262 (April 22 High). On the downside, support is seen at 1.1118 (April 25 Low), a break below could drag it below 1.1100.
USD/JPY: The dollar eased after rising to a 2-week peak in the previous session, as data showed U.S. home sales fell for a second straight month in April, weighed down by persisting shortage of more affordable houses. The major was trading 0.05 percent down at 110.45, having hit a high of 110.67 on Tuesday, its highest since May 7. FxWirePro's Hourly Yen Strength Index stood at -63.86 (Bearish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the minutes from U.S. Federal Reserve's latest meeting. Immediate resistance is located at 111.11 (78.6% retracement of 111.68 and 109.01), a break above targets 111.61 (May 1 High). On the downside, support is seen at 109.90 (May 8 Low), a break below could take it lower at 109.47 (May 10 Low).
GBP/USD: Sterling steadied after falling to a 4-month low in the prior session, as Prime Minister Theresa May proposed a new deal for Britain's departure from the European Union, offering sweeteners to opposition parties including a parliamentary vote on whether to hold a second EU referendum to try to break the impasse over Brexit. The major traded 0.1 percent up at 1.2714, having hit a low of 1.2685 on Tuesday; it’s lowest since Jan. 15. FxWirePro's Hourly Sterling Strength Index stood at -45.77 (Neutral) 0400 GMT. Investors’ attention will remain on the UK retail price index, producer price index and consumer price index, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2754 (5-DMA), a break above could take it near 1.2803 (23.6% retracement of 1.3176 and 1.2685). On the downside, support is seen at 1.2668 (Jan. 15 Low), a break below targets 1.2615 (Dec. 27 Low). Against the euro, the pound was trading 0.1 percent up at 87.73 pence, having hit a low of 87.89 on Tuesday, it’s lowest since Feb. 15.
AUD/USD: The Australian dollar plunged, extending losses for the third straight session, as investors are almost certain the Reserve Bank of Australia will cut its 1.5 percent cash rate by a quarter point when its policy board meets on June 4, the first easing since mid-2016. The Aussie trades 0.1 percent down at 0.6875, having hit a low of 0.6864 on Friday, it’s lowest since Jan. 3. FxWirePro's Hourly Aussie Strength Index stood at 35.21 (Neutral) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6850, a break below targets 0.6815. On the upside, resistance is located at 0.6933 (May 16 High), a break above could take it near 0.6961 (Apr. 30 High).
NZD/USD: The New Zealand dollar slumped to a 7-month trough as markets speculate that a cut in rates from the Reserve Bank of Australia would put pressure on the Reserve Bank of New Zealand to ease again. The Kiwi trades 0.1 percent down at 0.6496, having touched a low of 0.6495 earlier, its lowest level Oct. 26. FxWirePro's Hourly Kiwi Strength Index was at -93.45 (Slightly Bearish) by 0400 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6555 (10-DMA), a break above could take it near 0.6591 (May 14 High). On the downside, support is seen at 0.6474 (Oct. 4 Low), a break below could drag it below 0.6442 (Oct. 10 Low).
Asian shares traded in a volatile market as relief over Washington's temporary relaxation of sanctions against China's Huawei Technologies failed to offset deeper worries about a trade dispute between both the economies.
MSCI's broadest index of Asia-Pacific shares outside Japan flat.
Tokyo's Nikkei rose 0.05 percent to 21,280.55 points, Australia's S&P/ASX 200 index gained 0.1 percent to 6,509.00 points and South Korea's KOSPI rallied 0.4 percent to 2,069.25 points.
Shanghai composite index eased 0.7 percent to 2,887.49 points, while CSI 300 index traded 0.6 percent down at 3,644.25 points.
Hong Kong’s Hang Seng traded 0.1 percent higher at 27,683.57 points. Taiwan shares shed 0.1 percent to 10,457.22 points
Crude oil prices declined after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced. International benchmark Brent crude was trading 0.4 percent lower at $71.72 per barrel by 0440 GMT, having hit a high of $73.39 on Monday, its highest since Apr, 26. U.S. West Texas Intermediate was trading 0.6 percent down at $62.55 a barrel, after rising as high as $63.79 on Monday, its highest since the May 1.
Gold prices eased, hovering towards a 2-week low touched in the previous session, as a stronger dollar and signs of easing U.S.-China war dented demand for safe-haven assets. Spot gold eased 0.05 percent to $1,273.95 per ounce by 0445 GMT, having touched a low of $1,269.41 on Tuesday, its lowest since May 3. U.S. gold futures were unchanged at $1,273.30 an ounce.
The 10-year U.S. Treasury note yield was up slightly at 2.428 percent.
The Japanese government bond prices were mostly firmer, with the 10-year JGB futures rising 0.03 points to 152.68. The benchmark 10-year cash JGB yield fell half basis point to minus 0.055 percent. The 20-year JGB yield dropped 1 basis point to 0.350 percent while 30-year and 40-year yields fell 1.5 basis point each 0.520 percent and 0.550 percent, respectively.
The Australian three-year bond contract dipped 1 tick to 98.815, while the 10-year contract lost 2.5 ticks to 98.3300.
The Canadian government bond prices were lower across the yield curve, with the two-year easing 13 Canadian cents to yield 1.676 percent and the 10-year declined 64 Canadian cents to yield 1.757 percent. The 10-year yield posted its highest intraday level since May 3 at 1.764 percent.