America's Roundup: Dollar gains on trade optimism, strong U.S. data, Wall Street ends higher, Gold slides 2%, Oil prices slip-September 6th, 2019
America's Roundup:Dollar dips on mixed U.S. payrolls data,Wall Street advances,Gold falls 1%, Oil jumps as Fed signals it could act to sustain expansion-September 7th,2019
America's Roundup: Dollar gains ahead of ECB meeting, Wall Street gains, Gold climbs, Oil prices slide 2% after report Trump weighed easing Iran sanctions-September 12th,2019
Asia Roundup: Antipodeans surge on trade optimism, euro advances after ECB cuts key rate and approves restarting bond purchases, Asian shares rally - Friday, September 13th, 2019
Asia Roundup: Euro consolidates ahead of ECB policy decision, dollar rallies against yen as trade optimism boosts risk sentiment, Asia shares at 6-week peak - Thursday, September 12th, 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: 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
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: Antipodeans decline on downbeat Chinese new home prices, greenback gains ahead of Fed policy meeting, Asian shares tumble - Tuesday, September 17th, 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
Asia Roundup: Aussie slumps on dismal China PPI, greenback gains as U.S.-China trade-deal progress boosts risk appetite, investors eye UK labour report - Tuesday, September 10th, 2019
America’s Roundup: Dollar gains as risk sentiment improves, Wall Street ends flat, Gold dips to 2-week low, Oil gets boost as new Saudi minister commits to output cuts-September 10th,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
Europe Roundup: Sterling rallies above 1.2400 on Brexit deal hopes, gold set for third weekly decline, investors eye U.S. retail sales - Friday, September 13th, 2019
Europe Roundup: Sterling slumps as UK inflation declines, greenback steadies as investors await Fed monetary policy cues, euro eases on soft CPI - Wednesday, September 18th, 2019
Europe Roundup: Sterling eases as Brexit uncertainty persists, euro steadies as investors eye ECB policy decision and Draghi’s presser, European shares off 6-week peak - Thursday, September 12th, 2019
Europe Roundup: Dollar index pulls away from 98 handle; Gold continues bullish run, retakes $1,500; European shares extend sell-off - Thursday, August 15, 2019
Economic Data Ahead
Key Events Ahead
DXY: The US dollar index extends choppy trade. DXY trades near 98 handle, consolidating the recent rally to weekly tops of 98.05.
EUR/USD: EUR/USD consolidates break below 21-EMA. The major trades 0.14 percent higher on the day at 1.1153 at 11:10 GMT. Major trend is bearish, upside lacks traction. Stochastics RSI is showing a rollover from overbought levels. Price action is below cloud and major moving averages. Volatile moves likely amid holiday-thinned trades in Europe. Focus on U.S. Treasury yields and upcoming U.S data - Retail Sales, Initial Jobless Claims and Industrial Production for further direction. 20-DMA is immediate resistance at 1.1160, while immediate support lies at 1.1110 (trendline).
USD/CHF: USD/CHF edges lower from session highs at 0.9757. The major was trading at 0.9735 at 11:20 GMT, down 0.05 percent at the time of writing. Major trend in the pair is bearish. Price action is extending break below 200-DMA. Demand for the safe-haven Franc is likely to remain underpinned amid growing recession fears. The pair finds strong support at weekly cloud base. Break below will see resumption of weakness. Immediate support lies at hourly cloud base at 0.9715, while 21-EMA is immediate resistance at 0.9797.
GBP/USD: Cable extends gains on the day after unexpected rise in UK retail sales m/m in July. Data released earlier today showed UK retail sales came in at +0.2 percent m/m in July vs. -0.2 percent expected and +0.9 percent previous. On an annualized basis, the UK retail sales rose 3.3 percent in July versus 2.6 percent expected and +3.8 percent prior. The pair is consolidating at multi-month lows. Technical show slight pullback in the pair. Major trend remains strongly bearish. Next major support lies at 1.1904 (Oct 2016 low). Price has edged above 5-DMA. Minor upticks likely to test 21-EMA at 1.2212.
USD/JPY: A sharp recovery in UST yields and S&P 500 futures knocks off Yen. USD/JPY slips lower from session highs at 106.80 and was trading at 105.83, down 0.09 percent at 10:20 GMT. Major trend in the pair is bearish. Upside finds stiff resistance at 21-EMA at 106.87. Break above could see minor upside. Demand for the safe-haven Yen is likely to remain underpinned amid growing recession fears. Downside resumption will see test of Jan 3rd lows at 104.65.
European shares extend steep sell-off. The pan-European stock benchmark index EURO STOXX 600 was down around 0.55% at 363.00 at 11:30 GMT. FTSEurofirst 300 index was down 0.61 percent at 1,424.09 points.
Britain's FTSE 100 was trading 1.14 percent down at 7,066.87 points, while mid-cap FTSE 250 was down 0.64 percent at 18,610.90 points.
Germany's DAX trades 0.96 percent lower at 11,382.66 points; France's CAC 40 trades 0.42 percent lower at 5,229.09 points.
Gold keeps bullish momentum amid falling risk sentiment and demand for safe-havens. Spot Gold was trading at $1,519.47 at 11:25 GMT.
Crude oil extends weakness for the 2nd straight session. WTI stood at 54.48, down 0.75 percent at 11:30 GMT. Rising US crude oil stocks keep pressure lower.
U.S.: The U.S. Treasuries gained during Thursday’s afternoon session on heightened concerns about the world economy as the 2-10 year yields neared an inversion, signalling worrying signs for the world economy. Investors will also eye the country’s retail sales for the month of July, scheduled to be released today by 12:30GMT for additional direction in the debt market. The yield on the benchmark 10-year Treasury yield suffered nearly 2-1/2 basis points to 1.559 percent, the super-long 30-year bond yields plunged nearly 4-1/2 basis points to 1.984 percent and the yield on the short-term 2-year traded 1-1/2 basis points lower at 1.563 percent.
JGBs: The Japanese government bonds jumped Thursday on increased expectations the Bank of Japan (BoJ) will further ease monetary policy, on rising fears of a global economic downturn, with the U.S. 2s10s Treasury yield curve barely 2 basis points away from an inversion. The yield on the benchmark 10-year JGB note, which moves inversely to its price, plunged 23-1/2 basis points to -0.234 percent, the yield on the long-term 30-year suffered 4-1/2 basis points to 0.155 percent and the yield on short-term 2-year slumped nearly 28 basis points to -0.279 percent.
AUS: The Australian 10-year government bond yield hit a record low during Asian trading session Thursday, as signs of a global economic recession stampede investors’ risk appetite. This comes in despite a promising report of the country’s employment report for the month of July, released early today. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped 5-1/2 basis points to 0.892 percent, the yield on the long-term 30-year bond plunged nearly 9-1/2 basis points to 1.457 percent while the yield on short-term 2-year traded flat at 0.735 percent.