Asia Roundup: Aussie eases following RBA meeting minutes, yen surges as coronavirus concerns linger, investors eye German ZEW survey- Tuesday, February 18th, 2020
Asia Roundup: Antipodeans ease as virus spreads globally, Japanese yen rallies as virus concern spurs safe-haven demand, Asian shares decline - Monday, February 24th, 2020
America’s Roundup: Dollar index hits highest since May 2017, Wall Street drops, Gold climbs to 7-year high, Oil prices rise as U.S. crude stocks build less than expected-February 21st,2020
Europe Roundup: Euro plunges against dollar as China virus cases soar, European shares falter, Gold rises, Oil prices fall on bearish demand forecasts-February 13th,2020
America’s Roundup: Dollar hits four-month high after upbeat U.S. jobs data ,Wall Street slips ,Gold gains, , Oil falls 1%-February 8th,2020
Asia Roundup: Aussie rebounds on upbeat wage data, euro slumps on weak economic outlook, greenback near 4-1/2 month peak as investors eye FMOC minutes - Wednesday, February 19th, 2020
Europe Roundup: Sterling rises higher on reassuring UK factory data, European shares fall, Gold at seven-year high, Oil falls 1%-February 21st,2020
Asia Roundup: Kiwi declines on RBNZ governor Adrian Orr's comments, dollar off highs against the yen as China virus fears return, Asian shares ease - Thursday, February 13th, 2020
Asia Roundup: Antipodeans await coronavirus clarity, euro consolidates near 3-year low on growth concerns, Asian shares nudge higher - Monday, February 17th, 2020
Europe Roundup: Euro struggles near three-year lows on economic worries, European shares gain, Gold holds near two-week high, Oil price steady-February 17th,2020
Europe Roundup: Euro drops against dollar after bleak German investor survey,European shares slump, Gold rises, Oil drops below $57 on coronavirus impact and OPEC+ delay-February 18th,2020
America’s Roundup: Dollar recedes from four-month highs as risk appetite improves, S&P 500, Nasdaq notches record high, Gold slips, Oil rises from 13-month low-February 12th,2020
Asia Roundup: Aussie gains as business confidence slightly improves, Kiwi rebounds from near 4-month trough ahead RBNZ policy meeting, Asian shares nudge higher - Tuesday, February 11th, 2020
Asia Roundup: Antipodeans slump as persistent virus fears dampen China stimulus, greenback near 3-year peak on upbeat economic data, Euro consolidates ahead of CPI data - Friday, February 21st, 2020
America’s Roundup: Dollar gains on optimism coronavirus will be contained,Wall Street rises, Gold hits one-week low, Oil rises 3% as demand worries ease amid fewer new coronavirus cases-February 13th,2020
Europe Roundup: Sterling falls for fourth day as dollar, EU talks offset retail bounce ,European shares muted, Gold eases, Oil holds near one-month high-February 20th,2020
Europe Roundup: Dollar index flirting with two-week highs, upbeat data keeps Cable supported, US Oil edges above $ 55.50, Gold slips on risk recovery - Friday, August 16, 2019
Economic Data Ahead
Key Events Ahead
DXY: Dollar index hits new 2-week highs at 98.30. Technical studies suggest further gains. Upper Bollinger Band at 98.58 is next resistance. Focus on U.S Housing Starts, Building Permits and UMitch Consumer Sentiment data.
EUR/USD: EUR/USD extends weakness amid broad-based US dollar strength. Greenback bulls take back control on upbeat Dollar also boosted after Atlanta Fed raised its Q3 GDPNow forecast from 1.85 percent to 2.16 percent annualised pace. EUR/USD is extending declines for the fourth straight session. Scope for test of 1.1026 (Aug 1st low). 55-EMA is major resistance at 1.1201. Break above negates near-term bearish bias.
USD/CHF: USD/CHF spikes higher for the second straight session. The major was trading at 0.9806 at 10:00 GMT, up 0.44 percent at the time of writing. US dollar buoyed by upbeat data and improving risk sentiment adds support higher. Major trend in the pair is bearish. However, price has broken above 21-EMA and technical indicators support further gains. Next major resistance lies at 55-EMA at 0.9863. Rejection at 21-EMA will see resumption of downside.
GBP/USD: Cable extends recovery despite broad-based US dollar strength. Thursday’s UK Retail Sales keeps the Cable buoyed despite political uncertainty at home. GBP/USD was trading 0.60 percent higher at 1.2153 at 10:10 GMT. Focus now on UK Chancellor’s visit to Berlin to discuss Brexit deal. With lack of data from the UK, traders will closely observe Brexit headlines for fresh directions. Major trend is bearish. Minor recovery may extend upto 21-EMA at 1.2205. Breakout above could see further gains.
USD/JPY: USD/JPY extends recovery as risk recovery gathers pace. The major hit session highs at 106.49. Data released on Thursday showed U.S. July retail sales printed at +0.7 percent MoM beating estimates of +0.3 percent. Dollar also boosted after Atlanta Fed raised its Q3 GDPNow forecast from 1.85 percent to 2.16 percent annualised pace. Price action is holding above 5-DMA support. 21-EMA (106.86) is immediate resistance. Break above will see further gains.
European Stocks buoyed by stimulus hopes. The pan-European stock benchmark index EURO STOXX 600 was up around 1.13 percent at 368.30 at 10:40 GMT. FTSEurofirst 300 index was up 1.04 percent at 1,442.81 points.
Britain's FTSE 100 was trading 0.55 percent up at 7,106.15 points, while mid-cap FTSE 250 was up 0.33 percent at 18,701.57 points.
Germany's DAX trades 0.97 percent higher at 11,523.46 points; France's CAC 40 trades 0.98 percent up at 5,288.28 points.
US Oil pauses downside, edges above $ 55.50 as recession fears ebb. WTI was trading at $ 55.45 at 09:55 GMT.
Gold bull take a breather as risk recovery gathers pace. Spot gold was trading at $ 1,509.06 at 09:55 GMT.
Among other precious metals, silver was down 0.65 percent at 17.09 at 09:55 GMT.
U.S.: The U.S. Treasury yields recovered during Friday’s afternoon session as risk sentiments started to stabilize overnight, following comments from President Donald Trump that a call with China is scheduled around the corner concerning trade tariffs. However, uncertainties still remain as a couple of US Federal Reserve members, Kashkari and Bullard continue to indicate to the likelihood of further interest rate cuts in the country, although the latter (voter 2019) suggested that there was no urgency to take action between scheduled meetings. The yield on the benchmark 10-year Treasury yield jumped nearly 3-1/2 basis points to 1.559 percent, the super-long 30-year bond yields surged nearly 4-1/2 basis points to 2.023 percent and the yield on the short-term 2-year traded 2 basis points higher at 1.515 percent.
UK: The United Kingdom’s 2-10Y gilt yields inverted during European trading hours Friday, intrigued by the global growth concerns and uncertainties over U.S.-China trade relations, although President Trump said that he has a call scheduled “very soon” with Chinese counterpart Xi over trade. This has been further dragged lower by lower bond yields in the United States, with the 10-year benchmark briefly dropping to a three-year low below 1.50 percent yesterday. The yield on the benchmark 10-year gilts, jumped 5 basis points to 0.459 percent, the 30-year yield slipped nearly 1 basis point to 0.945 percent and the yield on the short-term 2-year surged nearly 7-1/2 basis points to 0.520 percent.
JGBs: The Japanese government bonds remained mixed on Friday amid ongoing global economic worries in a muted trading session that barely witnessed any data of esteemed economic significance. At close, the yield on the benchmark 10-year JGB note, which moves inversely to its price, hovered around -0.233 percent, the yield on the long-term 30-year jumped 2 basis points to 0.182 percent and the yield on short-term 2-year slumped 27 basis points to -0.274 percent.
AUS: The Australian government bonds traded mixed in subdued Asian session on Friday as global risk appetite attempted to stabilize amid better-than-expected U.S. retail sales data. However, comments from President Donald Trump and China kept traders on their toes over trade war tensions. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, fell 1 basis point to 0.877 percent, the yield on the long-term 30-year bond also dipped 1 basis point to 1.437 percent while the yield on short-term 2-year traded nearly flat at 0.731 percent.