Asia Roundup: Aussie eases on RBA policy meeting minutes, dollar tumbles amid doubts over the U.S.-China trade deal, Asian shares subdued - Tuesday, November 19th, 2019
Europe Roundup: Sterling halts 4-day rally on doubts over Conservative Party's win in election, greenback rebounds as investors await Fed meeting minutes, European shares rally - Tuesday, November 19th, 2019
Americas Roundup: Dollar firmer as trade tensions support,Gold slips, Wall Street dips, Oil jumps over 2% after U.S. inventory data, Russia OPEC comments-November 21st,2019
America’s Roundup: Dollar buoyed by U.S.-China tariffs pledge, Wall Street little changed, Oil falls amid doubts over US-China trade deal-November 9th,2019
Europe Roundup: Sterling steadies above 1.2900 on hopes of Conservative majority, euro halts 4-day rally on Italy's warning over EZ bailout fund reform, investors eye Fed minutes - Wednesday, November 20th, 2019
Europe Roundup: Sterling consolidates below 1.2900 amid persisting concerns over economic outlook, euro gains on better-than-expected EZ trade surplus, European shares plunge - Friday, November 15th, 2019
America’s Roundup: Dollar slips on fresh doubts on trade deal,Wall Street slips, Gold edges down, Oil prices fall almost 2% on trade talks uncertainty-November 19th,2019
Asia Roundup: Aussie rebounds as business conditions improve, gold consolidates ahead of U.S. President Trump speech, Asian shares plunge - Tuesday, November 12th, 2019
Asia Roundup: Antipodeans steady as China cuts repo rate, dollar rallies against yen on optimism over U.S.-China trade deal, Asian shares nudge higher - Monday, November 18th, 2019
America’s Roundup: Dollar dips as risk-off mood boosts yen, Wall Street slips, Gold rises, Oil mixed amid U.S. crude stock build-November 15th, 2019
Europe Roundup: Sterling near 4-week peak on election optimism, gold declines on U.S.-China trade deal hopes, European shares at record peak - Monday, November 18th, 2019
Europe Roundup: Sterling consolidates near 1.2800 amid persisting Brexit concerns, euro tumbles ahead of Spanish election, greenback at 3-week peak on U.S.-China trade hopes - Friday, November 8th, 2019
America's Roundup: Dollar falls on trade deal outlook, Gold rebounds, Oil slips as concerns over U.S.-China trade talks drag on-Nov 220th,2019
America's Roundup: Dollar buoyed by caution as trade deal optimism wanes, Wall Street gains, Gold slips, Oil prices gain 2% despite concerns about rising supplies-November 16th,2019
Asia Roundup: Antipodeans ease on renewed U.S.-China trade tensions, greenback steadies ahead of Fed meeting minutes, Asian shares slump - Wednesday, November 20th, 2019
Europe Roundup: Sterling steadies as UK economy grows at slowest annual rate, euro holds near 4-week trough amid political turmoil, European shares tumble - Monday, November 11th, 2019
Asia Roundup: Kiwi gains as global dairy prices surge, greenback rallies on stronger-than-expected, investors eye EZ consumer price index - Wednesday, July 17th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rallied to a 1-week peak after upbeat U.S. data further tempered expectations of aggressive policy easing by the Federal Reserve later this month. The greenback against a basket of currencies traded 0.1 percent up at 97.43, having touched a low of 96.72 on Friday, its lowest since June 5.
EUR/USD: The euro consolidated near a 1-week low hit in the previous session, as investors expect the European Central Bank to move policy rates deeper into negative later this year as the eurozone economy continues to struggle. The European currency traded flat at 1.1215, having touched a low of 1.1201 on Tuesday, its lowest since July 9. Investors’ attention will remain on the Eurozone consumer price index and construction output, ahead of the U.S. housing starts and building permits. Immediate resistance is located at 1.1246 (23.6% retracement of 1.1412 and 1.1193), a break above targets 1.1278 (38.2% retracement). On the downside, support is seen at 1.1193 (July 9 Low), a break below could drag it below 1.1160 (June 3 Low).
USD/JPY: The dollar steadied after stronger-than-expected June U.S. retail sales data dampened expectations that the Fed could cut interest rates by 50 basis points rather than 25 bps at its month-end policy review. The pair was trading flat at 108.22, having hit a low of 107.79 on Monday, its lowest since July 5. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. housing starts and building permits. Immediate resistance is located at 108.53 (July 1 High), a break above targets 108.80 (July 8 High). On the downside, support is seen at 107.53 (July 3 Low), a break below could take it lower at 107.10 (June 26 Low).
GBP/USD: Sterling traded near a 6-1/2 month low as Boris Johnson and Jeremy Hunt, the two candidates to be Britain's next prime minister, vied to outgun each other on taking a harder Brexit stance. The major traded flat at 1.2409, having hit a low of 1.2396 on Tuesday, it’s lowest since Jan. 3. Investors’ attention will remain on the development surrounding Brexit, UK retail price index, producer price index, and consumer price index ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2439 (23.6% retracement of 1.2578 and 1.2396), a break above could take it near 1.2466 (32.8% retracement). On the downside, support is seen at 1.2373 (Jan. 3 Low), a break below targets 1.2334. Against the euro, the pound was trading flat at 90.35 pence, having hit a low of 90.47 on Tuesday, it’s lowest since Jan. 11.
AUD/USD: The Australian dollar eased, extending previous session losses, weighed down by losses in iron ore futures and news of financial fraud in China. The Aussie trades 0.05 percent down at 0.7008, having hit a high of 0.7044 on Tuesday, it’s highest since July 4. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6985 (July 3 Low), a break below targets 0.6941 (June 25 Low). On the upside, resistance is located at 0.7047 (July 4 High), a break above could take it near 0.7091 (Mar 12 High).
NZD/USD: The New Zealand dollar steadied after falling from a 3-month peak in the previous session after data showed global dairy prices rose, ending a two-month declining streak, in an auction held early in the day. The Kiwi trades 0.05 percent up at 0.6703, having touched a high of 0.6738 on Tuesday, its highest level Apr. 17. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6771 (Apr. 11 High), a break above could take it near 0.6799 (Apr. 4 High). On the downside, support is seen at 0.6664 (July 1 Low), a break below could drag it below 0.6602 (July 5 Low).
Asian shares eased as investors remained nervous ahead of the earnings reports from corporate America, while the dollar held firm on robust U.S. retail data.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.3 percent.
Tokyo's Nikkei declined 0.3 percent to 21,469.18 points, Australia's S&P/ASX 200 index rose 0.5 percent to 6,673.30 points and South Korea's KOSPI tumbled 0.9 percent to 2,072.92 points.
Shanghai composite index eased 0.2 percent to 2,931.69 points, while CSI 300 index traded 0.05 percent down at 3,804.64 points.
Hong Kong’s Hang Seng traded 0.2 percent lower at 28,557.49 points. Taiwan shares shed 0.5 percent to 10,828.48 points.
Crude oil prices rose after steep falls in the previous session, after U.S. crude inventories fell by 1.4 million barrels in the week to July 12 to 460 million. International benchmark Brent crude was trading 0.3 percent higher at $64.46 per barrel by 0518 GMT, having hit a low of $63.81 on Tuesday, its lowest since July 9. U.S. West Texas Intermediate was trading 0.2 percent up at $57.58 a barrel, after falling as low as $57.06 on Tuesday, its lowest since the July 5.
Gold prices eased, extending losses for the third straight session, as the greenback firmed on robust U.S. retail sales data, while hopes of an interest rate cut by the Federal Reserve and broad uncertainties over trade between Washington and Beijing limited the downside. Spot gold was trading 0.05 percent down at $1,404.94 per ounce by 0525 GMT, having touched a high of $1,427.06 last week, its highest since July 3. U.S. gold futures slipped 0.3 percent to $1,406.70 an ounce.
The Japanese government bond prices were mostly steady, with the five-year JGB yield unchanged at minus 0.215 percent. The 10-year yield was down half-a-basis point at minus 0.130 percent. The 20-year yield was flat at 0.240 percent.
The Australian government bonds remained narrowly mixed during Asian session Wednesday amid a muted trading session that witnessed data of little economic significance ahead of the country’s employment report for the month of June, scheduled to be released on July 18 by 07:00GMT. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, traded tad higher at 1.402 percent, the yield on the long-term 30-year bond remained flat at 2.054 percent and the yield on short-term 2-year slipped 1 basis point to 0.950 percent.