Europe Roundup: Sterling falls after downbeat UK inflation data ,European shares flat,Gold gains, Oil drops on concerns that U.S.-China trade deal may not stoke demand-January 15th,2020
Asia Roundup: Aussie rallies on U.S.-China trade deal optimism, Asia shares at 19-month highs, investors eye UK economic data - Monday, January 13th, 2020
Europe Roundup: Sterling rallies after upbeat UK jobs data, European shares falls, Gold eases, Oil prices slide as supply concerns fade-January 21st,2020
Europe Roundup: Sterling steadies vs dollar as rate cut bets melt, European stocks falls, Gold dips on profit-taking, Oil falls as spectre of China virus looms over fuel demand-January 23rd, 2020
Asia Roundup: Japanese yen at 7-1/2 month low as risk sentiment improves; Aussie consolidates despite upbeat Chinese data, Asian shares surge - Friday, January 17th, 2020
America’s Roundup: Dollar dips vs yen as investors reach for safe havens on virus scare. Wall Street dips, Gold eases, Oil falls heads for weekly loss as China virus fears swell-January 25th,2020
America’s Roundup: Dollar gains on U.S. economic optimism, Wall Street hits new high,Gold edges higher, Oil steadies as Chinese economy offsets trade optimism-January 18th,2020
America’s Roundup:Dollar steady as investors assess health threat, Wall ends higher, Gold dips, Oil slides 2%-January 23rd,2020
Europe Roundup: Sterling reverses gains after weak British retail sales,European shares rise, Gold firms, Oil ends week steady as China growth offsets trade deal optimism-January 17th,2020
America’s Roundup: Dollar dips on renewed Middle East tensions, Gold firms, Oil falls below $65/bbl in first weekly drop since November-January 11th,2020
Asia Roundup: Japanese yen strengthens as BOJ keeps policy rate unchanged, Asian markets in red, gold noticeably up - Tuesday, January 21, 2020
Europe Roundup: Euro tumbles to seven-week lows after PMI data, European shares rise,Gold eases, Oil falls below $62-january 24th,2020
Europe Roundup: Euro dips as investors cheer U.S. data, European shares dip, Gold range bound, Oil rises as Libyan oilfields shut down-January 20th,2020
America’s Roundup: Dollar dips after U.S., China sign Phase 1 trade deal, Wall Street pares gains, Gold firms, Oil down slightly after U.S.-China trade deal, U.S. product build-January 16th,2020
America’s Roundup: Dollar gains ahead of U.S.-China trade deal, Wall Street dips ,Gold slips, Oil edges up after five days of losses ahead of U.S.-China trade pact-January 15th,2020
America’s Roundup: Dollar dips on Chinese virus concerns, Wall Street rally pauses, Gold falls 1%, Oil market shrugs off Libya crisis amid ample global supply-Jaynagar 22nd,2020
Europe Roundup: Sterling gains on Conservative Party victory expectations, euro rallies as EZ investor sentiment improve, European shares slump - Tuesday, December 10th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased as investors braced for a Federal Reserve policy decision and awaited clues on the U.S.-China trade talks. Markets are almost certain the Fed will hold rates steady when its two-day meeting concludes on Wednesday. The greenback against a basket of currencies traded 0.1 percent down at 97.55, having touched a low of 97.36 on Friday, its lowest since November 4.
EUR/USD: The euro rose, extending previous session gains after ZEW survey showed Eurozone economic sentiment improved in December. Investors now await Christine Lagarde's first meeting and news conference as ECB chief on Thursday. The European currency traded 0.1 percent up at 1.1075, having touched a low of 1.1039 on Friday, its lowest since December 2. Immediate resistance is located at 1.1084, a break above targets 1.1097. On the downside, support is seen at 1.1044 (21-DMA), a break below could drag it below 1.1025.
USD/JPY: The dollar surged, halting a 3-day losing streak, as investors eye a looming deadline for U.S. tariffs on China and upcoming Federal Reserve meeting. On Monday, a Chinese Commerce Ministry official stated that Beijing hopes to make a trade deal with Washington as soon as possible before new U.S. tariffs take effect this weekend. The major was trading 0.1 percent up at 108.53, having hit a low of 108.42 on Monday, its lowest since Nov 21. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. unit labour cost data. Immediate resistance is located at 108.85 (21-DMA), a break above targets 108.99 (10-DMA). On the downside, support is seen at 108.34, a break below could take it near at 108.18.
GBP/USD: Sterling surged, hovering towards an 8-month peak hit in the previous session, as investors viewed a Conservative Party majority win as the most likely outcome of the general election on Thursday. The major traded 0.3 percent up at 1.3175, having hit a high of 1.3181 on Monday, it’s highest since May 6. Investors’ attention will remain on the development surrounding the general elections, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3196, a break above could take it near 1.3246. On the downside, support is seen at 1.3100, a break below targets 1.3067. Against the euro, the pound was trading 0.1 percent up at 84.04 pence, having hit a high of 83.92 on Monday, it’s highest since May 2017.
USD/CHF: The Swiss franc rallied to a 1-week peak as investors were wary of a looming deadline for U.S. tariffs on China. The major trades 0.2 percent down at 0.9860, having touched a low of 0.9859 earlier, it’s lowest since December 4. On the higher side, near-term resistance is around 0.9899 and any break above will take the pair to the next level till 0.9922 (21-DMA). The near-term support is around 0.9839, and any close below that level will drag it till 0.9813.
European shares eased, extending previous session losses as investors refrained from taking big bets ahead of global political and economic events.
The pan-European STOXX 600 index slumped 1.1 percent at 402.10 points, while the FTSEurofirst 300 fell 1.2 percent to 1,568.90 points.
Britain's FTSE 100 trades 1.1 percent down at 7,157.98 points, while mid-cap FTSE 250 eased 0.7 to 20,782.24 points.
Germany's DAX declined 1.5 percent at 12,917.85 points; France's CAC 40 trades 0.9 percent lower at 5,781.29 points.
Crude oil prices eased, extending losses for a second straight session as a slowing global demand outlook outweighed OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. International benchmark Brent crude was trading down at $64.05 per barrel by 0948 GMT, having hit a high of $64.86 on Friday, its highest since September 23. U.S. West Texas Intermediate was trading 0.2 percent down at $58.77 a barrel, after rising as high as $59.81 on Friday, its highest since September 17.
Gold prices surged as investors remained cautious ahead of a two-day rate-setting meeting by the U.S. central bank, with markets awaiting clarity on whether a next round of U.S. tariffs on Chinese goods will come into effect this weekend. Spot gold was trading 0.3 percent up at $1,464.79 per ounce by 0955 GMT, having touched a low of $1458.57 on Monday, its lowest since Dec. 2. U.S. gold futures rose 0.2 percent to $1,467.30.
The U.S. two-year yield was at 1.6151 percent, down from its close of 1.627 percent on Monday, while the 10-year Treasury yield was at 1.8225 percent from a U.S. close of 1.831 percent on Monday.
The Eurozone government bond yields steadied, before this week’s European Central Bank and Federal Reserve meetings. Germany’s benchmark Bund yield was steady at -0.30 percent, below a recent high of -0.26 percent. Italian 10-year bond yields dipped 2.5 basis points to 1.36 percent .
The yields on 10-year Japanese government bonds as investors braced for a Federal Reserve policy decision and awaited clues on the U.S.-China trade talks. The 10-year JGB yield was unchanged at minus 0.010 percent, erasing earlier gains, while 10-year JGB futures fell 0.02 point to 152.24. The 20-year JGB yield was flat at 0.295 percent. The 30-year JGB yield was also flat at 0.440 percent. The five-year yield rose 1 basis point to minus 0.095 percent. At the short-end of the yield curve, the two-year JGB yield rose 1 basis point to minus 0.110 percent.
Tesla Cybertruck update: Is Elon Musk's futuristic pickup truck joining the 'Cyberpunk 2077' vehicle lineup?