Europe Roundup : Euro little changed as investors await Fed meeting, European share flat, Gold eases, Oil prices jump on U.S. inventory drop-July 29th,2020
America’s Roundup: Dollar holds near 1-week high, European stocks maon, Gold loses ground, Oil settles higher on Chinese factory data, U.S. stimulus hopes-August 11th,2020
Europe Roundup: Sterling rises to five-month high against dollar as BoE signals sub-zero rates not imminent, European shares dip, Gold flirts with record peak, Oil prices pull back from five-month highs as rising product stocks weigh-August 6th,2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street pauses, Gold retreats from record peak. Oil falls as U.S. stimulus package faces tough talks-July 29th,2020
America’s Roundup: Dollar climbs after US jobs data, U.S. stocks gains,Gold eases, Oil slips below $45/bbl on demand concerns but posts weekly rise-August 08,2020
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
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
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
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: 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: Aussie gains on upbeat economic data, dollar eases on recovery worries, Asian shares consolidate - Wednesday, August 5th, 2020
America’s Roundup: Dollar steadies from 2-year lows, Wall Street closes lower, Gold retreats from record peak,Oil falls as U.S. stimulus package faces tough talks-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
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
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: 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
Europe Roundup: Euro dips as coronavirus surge unnerves investors European stocks dips, Gold soars towards 8-year high, Oil falls on rising stocks, worries of new virus wave-June 24th,2020
• Finnish May PPI (YoY) -7.1%,-7.0% previous
• Finnish May Import Price Index (YoY) -9.4%, -10.8% previous
• Finnish May Unemployment Rate 6.8%,6.8% previous
• Finnish May Export Price Index (YoY) -8.0% , -7.8% previous
• French June Business Survey 77, 80 forecast, 70 previous
• Sweden June Consumer Confidence 84.0, 77.3 previous
• German June Business Expectations 91.4, 87.0 forecast, 80.1 previous
• German June Ifo Business Climate Index 86.2, 85.0 forecast, 79.5 previous
• German June Current Assessment 81.3, 84.0 forecast, 78.9 previous
• US MBA Purchase Index 312.7, 322.5 previous
• US Mortgage Refinance Index 3,434.6, 3,891.5 previous
• US Mortgage Market Index 773.1, 846.9 previous
Looking Ahead – Economic data (GMT)
• 13:00 Belgium June NBB Business Climate -28.0, -34.4 previous
• 13:00 US April House Price Index 287.9 previous
• 13:00 US April House Price Index (MoM) 0.1% previous
• 13:00 US April House Price Index (YoY) 5.9% previous
• 14:30 US Cushing Crude Oil Inventories -2.608M previous
• 14:30 US Crude Oil Inventories 0.299M forecast, 1.215M previous
Looking Ahead - Events, Other Releases (GMT)
• 16:30 US Chicago Fed President Evans Speaks
• 19:00 US FOMC Member Bullard Speaks
EUR/USD: The euro dipped from 3 month high against dollar on Wednesday as investors turned cautious following a surge in the number of coronavirus cases globally. Many U.S. states reported record daily increases in COVID-19 infections amid easing of lockdowns, while a media report that European Union countries are prepared to bar entry to Americans raised worries of further restrictions. Immediate resistance can be seen at 1.1261 (23.6% fib), an upside break can trigger rise towards 1.1289 (23.6% fib).On the downside, immediate support is seen at 1.1164 (38.2% fib), a break below could take the pair towards 1.1100(Psychological level).
GBP/USD: Sterling declined against dollar on Wednesday as sterling was weighed down by uncertainty over Brexit negotiations even after global risk appetite got a boost from positive economic data as countries ease their lockdowns. For the past two days, the pound had risen against a weaker dollar, hitting a six-day high of $1.2541 at 0007 GMT on Wednesday, before reversing course as the greenback recovered. The pound fell back below the key $1.25 level versus the dollar to $1.2505 at 12:00 GMT, down 0.2% on the day. Immediate resistance can be seen at 1.2534 (38.2% fib),an upside break can trigger rise towards 1.2677 (200 DMA)On the downside, immediate support is seen at 1.2444(5 DMA), a break below could take the pair towards 1.2311 (50% fib).
USD/CHF: The dollar edged higher against the Swiss franc on Wednesday as investors remained stubbornly upbeat on the outlook for a re-opening of the global economy even as cases of the coronavirus looked to be accelerating to new peaks. The dogged optimism about the global economy was supported by upbeat surveys of manufacturing from Europe, with France a stand-out as lockdown loosening there led to a modest return to growth. Immediate resistance can be seen at 0.9485 (5DMA), an upside break can trigger rise towards 0.9535 (50% fib).On the downside, immediate support is seen at 0.9431(Daily low), a break below could take the pair towards 0.9399 (Lower BB).
USD/JPY: The dollar edged higher against the Japanese yen on Wednesday as markets hoped of a rapid global economic recovery from the coronavirus pandemic. Dollar gained on the improving economic picture, with UK, euro zone and U.S. data earlier in the week supporting riskier currencies at the expense of the safe-haven dollar. Strong resistance can be seen at 106.73(9 DMA), an upside break can trigger rise towards 107.27 (14 DMA ).On the downside, immediate support is seen at 105.83 (Lower BB ), a break below could take the pair towards 105.00 (Psychological level).
European stocks fell from a two-week high on Wednesday as investors turned cautious following a surge in the number of coronavirus cases globally.
At (GMT 12:16 ),UK's benchmark FTSE 100 was last trading down at 2.00 percent, Germany's Dax was down by 1.80 percent, France’s CAC finished was down by 1.61 percent.
Gold surged to its highest in nearly eight years on Wednesday as rising coronavirus cases globally dented hopes of a rapid economic recovery and pushed investors towards safe haven assets.
Spot gold prices climbed 0.6% to $1,777.53 per ounce by 0957 GMT, having earlier hit their highest since October 2012 at $1,779.06.
Oil prices fell on Wednesday, reversing the previous session’s surge, as record high inventories and worries about a second wave of the coronavirus pandemic outweighed support from a gradual reopening of global economies.
Brent crude were down 43 cents, or 1%, to $42.20 a barrel by 1020 GMT a day after hitting its highest level since a price plunge began in March.U.S. West Texas Intermediate (WTI) crude fell 56 cents, or 1.4%, to $39.81 a barrel.
Euro zone bond yields were broadly steady on Wednesday, as investors focused on a new century bond from Austria, while a record bounce-back in German business sentiment did little to move markets.
Germany’s 10-year bond yield was last unchanged at -0.40% after briefly rising to its highest in nearly two weeks at around -0.39% at the start of the session.Italian 10-year yields were up 2 basis points to 1.36%