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 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
Europe Roundup: Euro set for best month in a decade, European shares rebound ,Gold heads for best monthly gain since January 2012, Oil on track for monthly gain as dollar weakness supports-July 31st,2020
Asia Roundup: Dollar slumps across the board on abysmal U.S. economic data, Asian shares plunge, investors eye EZ CPI - Friday, July 31st, 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
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
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 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
Europe Roundup: Euro's advance slows as risk sentiment falters, European shares slip,Gold retreats more than 1%, Oil prices slide as virus surge weighs on demand outlook-July 30th,2020
America’s Roundup: Dollar gains on upbeat manufacturing data,Wall Street jumps, Gold pulls back from record high, Oil rises more than 1% on hopes for economic recovery-August 4th,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
Asia Roundup: Aussie off 6-month peak on RBA's downbeat economic assessment, greenback steadies near multi-month lows as traders await U.S. nonfarm payrolls, Asian shares ease on U.S.-China tensions - Friday, August 7th, 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
Asia Roundup: Aussie steadies as RBA keeps policy steady, dollar gains against yen as investors await U.S. stimulus deal, Asian shares surge - Tuesday, August 4th, 2020
Europe Roundup: Euro retreats from two-year high ahead of Fed meeting, European shares slides,Gold dips, Oil steady as U.S. stimulus hopes countered by demand concerns-July 28th,2020
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
Economic Data Ahead
Key Events Ahead
DXY: The dollar index declined after rising for three straight sessions, as the demand for dollars eased off as the U.S. Federal Reserve flooded markets with liquidity. The greenback against a basket of currencies traded 0.3 percent down at 97.19, having touched a low of 96.39 on Tuesday, its lowest since June 11.
EUR/USD: The euro rose, halting a 3-day losing streak, as investors awaited eurozone confidence data due at 0900 GMT and German inflation figures at 1200 GMT for the latest gauge of the region’s economic health. The European currency traded 0.3 percent up at 1.1253, 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, and EZ economic sentiment indicator, ahead of U.S. pending home sales and Dallas Fed Manufacturing Business Index. Immediate resistance is located at 1.1269, a break above targets 1.1332. On the downside, support is seen at 1.1190, a break below could drag it below 1.1168.
USD/JPY: The dollar eased as the relentless spread of the coronavirus intensified investor fears about a delay in global economic recovery and weighed on risk appetite. On Sunday, California ordered some bars to close, following similar moves in Texas and Florida, as cases nationwide rose to record levels. The major was trading 0.1 percent down at 107.10, having hit a high of 107.45 on Thursday, its highest since June 16. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. pending home sales and Dallas Fed Manufacturing Business Index. Immediate resistance is located at 107.59 (21-DMA), a break above targets 108.10. On the downside, support is seen at 106.76, a break below could take it near at 106.51.
GBP/USD: Sterling rose after tumbling to a near 4-week low hit in the prior session on uncertainty over Brexit negotiations and worries over a second wave of COVID-19 infections as Britain eases its lockdown measures. The major traded 0.4 percent up at 1.2384, having hit a low of 1.2314 on Friday, 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 1.2465 (10-DMA), a break above could take it near 1.2533 (21-DMA). On the downside, support is seen at 1.2290, a break below targets 1.2233. Against the euro, the pound was trading 0.1 percent down at 90.95 pence, having hit a low of 91.00 on earlier, it’s lowest since March 26.
AUD/USD: The Australian dollar gained after data showed profits at China’s industrial firms rose for the first time in six months in May, suggesting the recovery is gaining traction. The Aussie trades 0.3 percent up at 0.6885, 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 0.6807 a break below targets 0.6776.
Asian shares plunged as the relentless spread of the coronavirus made investors question their optimism on the global economy.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.3 percent.
Tokyo's Nikkei declined 2.3 percent to 21,995.04 points, Australia's S&P/ASX 200 index tumbled 1.5 percent to 5,815.00 points. South Korea's KOSPI slumped 1.9 percent to 2,093.48 points.
Shanghai composite index fell 0.6 percent to 2,960.67 points, while CSI 300 index traded 0.8 percent down at 4,107.31 points.
Hong Kong’s Hang Seng traded 1.3 percent lower at 24,219.55 points. Taiwan shares shed 1.01 percent to 11,542.62 points.
Crude oil prices declined, extending previous session losses as coronavirus cases rose in the United States and other places, leading some countries to resume partial lockdowns that could dent fuel demand. International benchmark Brent crude was trading 1.2 percent lower at $40.18 per barrel by 0542 GMT, having hit a low of $39.45 on Thursday, its lowest since June 16. U.S. West Texas Intermediate was trading 1.3 percent up at $37.67 a barrel, after falling as low as $37.07 on Thursday, its lowest since June 16.
Gold prices surged as worries over a rise in COVID-19 infections globally dented optimism about a swift economic rebound. Spot gold was trading 0.1 percent up at $1,773.43 per ounce by 0547 GMT, having touched a high of $1,779.44 on Wednesday, its highest since October 2012. U.S. gold futures rose 0.5 percent to $1,788.40 per ounce.
The U.S. Treasury yields edged higher, with the benchmark 10-year note yield trading at 0.652 percent.