Europe Roundup: Euro dips as eurozone Sept business growth halts ,European stocks gain,Gold hits six-week trough, Oil edges up to $42, eyeing Libya and U.S. inventories-September 23rd,2020
Europe Roundup:Euro dips on fading economic recovery hopes in Eurozone, European stocks slip to 3-month lows,Gold slides to two-month low, Oil falls as frail demand outlook outweighs U.S. stock drawdown-September 24th,2020
Asia Roundup; Antipodeans rebound from multi-week lows, dollar gains against yen on renewed stimulus hopes, Asian shares surge - Friday, September 25th, 2020
America’s Roundup: Dollar dips dovish U.S. Fed policy bets,Wall Street climbs,Gold gains, Oil edges lower, shrugging off Gulf of Mexico shut-ins-September 16th,2020
America’s Roundup: U.S. dollar skids to two-week low vs yen as Fed looms,Wall Street climbs, Gold slips, Oil rises over 2% as U.S. Gulf Coast braces for hurricane -September 16th,2020
Asia Roundup: Antipodeans at multi-week lows on additional monetary easing expectations, dollar rallies amid coronavirus concerns, Asian shares plunge amid fading global recovery hopes - Thursday, September 24th, 2020
Europe Roundup: Euro falls as rising COVID-19 cases unnerve investors, European stocks slips, Gold drops to near two-week low, Oil prices slip on potential Libyan output return, demand concerns-September 21st,2020
America’s Roundup: Dollar holds strong gains against eruro,Wall Street closes lower, Gold touches six-week low, Oil edges higher after U.S. crude, fuel stockpiles draw down-September 24th,2020
America’s Roundup: Dollar dips as market recovers from weak U.S. jobs data,Wall Street drops, Gold eases, Oil prices edge up off three-month lows, but demand concerns persist-September 12th,2020
Europe Roundup: Euro edges higher on ECB day, all eyes on inflation comments, European shares inch higher, Gold hits one-week high, Brent oil benchmark dips but stays over $40 a barrel-September 10th,2020
Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,2020
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 2020
America’s Roundup: Dollar falls against the yen,Wall Street ends lower,Gold rises, Oil flat as Libya developments counter OPEC+ boost-September 19th,2020
America’ Roundup: Sterling regains lost ground after BoE negative rate talk,Wall Street falls ,Gold slips ,Oil rises 2%, reverses loses as OPEC+ addresses market weakness-September 18th,2020
Europe Roundup: Euro firms as ECB policymakers calm worries,European shares flat, Gold slips, Oil falls on U.S. market slide, surprise inventories rise-Sep 11th,2020
Asia Roundup: Antipodeans halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 2020
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
• German June Import Price Index (YoY) -5.1%,-5.1% forecast, -7.0% previous
• German June Import Price Index (MoM) 0.6%, 0.5% forecast, 0.3% previous
• French Jul Consumer Confidence 94, 99 forecast, 97 previous
• Spanish June Retail Sales (YoY) -4.7%,-17.6% forecast, -19.0% previous
• Italian June PPI (YoY) -4.5%,-5.3% previous
• UK Net Lending to Individuals 1.8B, -3.4B previous
• UK June M4 Money Supply (MoM) 1.0%,2.0% previous
• UK June Mortgage Approvals 40.01K, 33.90K forecast, 9.27K previous
• UK June Mortgage Lending 1.89B, 1.80B forecast, 1.22B previous
•US MBA Purchase Index 306.1, 310.9 previous
• US MBA Mortgage Refinance Index 3,955.9, 3,973.3 previous
• US MBA Mortgage Market Index 841.9, 848.8 previous
• US Wholesale Inventories (MoM) -2.0%, -1.2% previous
• US June Goods Trade Balance -70.64B, -75.26B previous
• US June Retail Inventories Ex Auto -0.8%, -1.6% previous
Looking Ahead - Economic Data (GMT)
• 13:00 Brazil June Bank lending (MoM) (Jun) Bank lending (MoM) 0.3% previous
• 13:30 Seevol Cushing Storage Report 0.769M previous
• 14:00 US June Pending Home Sales (MoM) 15.0% forecast,44.3% previous
• 14:00 US June Pending Home Sales Index 99.6 previous
•14:00 US Gasoline Inventories -0.733M forecast, -1.802M previous
•14:30 US Crude Oil Inventories 0.357M forecast, 4.892M previous
Looking Ahead - Economic events and other releases (GMT)
• 18:00 US FOMC Statement FOMC Statement
• 18:00 US Fed Interest Rate Decision 0.25% forecast, 0.25% previous
• 18:00 US FOMC Press Conference
EUR/USD: The euro was little changed against dollar on Wednesday as investors awaited the U.S. Federal Reserve’s latest policy meeting. The Fed is expected to sound reassuringly accommodative at its policy review later in the day and perhaps open the door to a higher tolerance for inflation - something dollar bears think could squash real yields and sink the currency even further.Investors are also focused on U.S. Congress and White House as they clash over new measures to replace enhanced coronavirus unemployment benefits that are due to expire on Friday. Immediate resistance can be seen at 1.1779 (27th July high), an upside break can trigger rise towards 1.1828 (23.6% fib).On the downside, immediate support is seen at 1.1700 (23.6% fib), a break below could take the pair towards 1.1685 (5 DMA).
GBP/USD: Sterling strengthened against dollar on Wednesday as the impression grew that the rest of the world was handling the coronavirus pandemic better than the United States. The pound rose to above $1.29 to a five-month high of $1.2977, close to its pre-coronavirus levels. It was unchanged versus the euro at 90.66 pence. A statement and news conference at the end of the two-day U.S. Federal Reserve meeting is due later in the session. The Fed is expected to reiterate its accommodative stance when it wraps up its two-day policy meeting on Wednesday afternoon. Immediate resistance can be seen at 1.3002 (23.6% fib), an upside break can trigger rise towards 1.3125 (10 March high).On the downside, immediate support is seen at 1.2918 (Daily low), a break below could take the pair towards 1.2855 (5 DMA).
USD/CHF: The dollar edged higher against the Swiss franc on Wednesday as resurgence of COVID-19 cases kept investors cautious as they awaited news from the U.S. Federal Reserve’s latest policy meeting. Deaths from coronavirus in the United States registered their biggest one-day increase since May on Tuesday, with this month’s spike in infections having forced some states to make a U-turn on the reopening of their economies. At (GMT 12:51), Greenback dipped 0.23% versus the Swiss franc to 0.9579. Immediate resistance can be seen at 0.9203 (5 DMA), an upside break can trigger rise towards 0.9243 (38.2% fib).On the downside, immediate support is seen at 0.9170 (23.6% fib), a break below could take the pair towards 0.9132 (Daily low).
USD/JPY: The dollar little changed against the Japanese yen on Wednesday as investors awaited U.S. Federal Reserve policy meeting later in the day. Investors were also monitoring a political deadlock in the U.S. Congress over a $1 trillion aid plan. U.S. Senate Republicans announced on Monday a $1 trillion coronavirus aid package hammered out with the White House, but the proposal sparked immediate opposition from Democrats who decried it as too limited and some Republicans who called it too expensive. Strong resistance can be seen at 105.17 (23.6% fib), an upside break can trigger rise towards 105.65 (5 DMA).On the downside, immediate support is seen at 104.81 (Daily low), a break below could take the pair towards 104.00 (Psychological level).
European stocks were largely flat on Wednesday as investors parsed through a deluge of earnings reports from major lenders like Deutsche Bank and Barclays, while waiting to hear from the U.S. Federal Reserve.
At (GMT 12:45 ),UK's benchmark FTSE 100 was last trading lower at 0.18 percent, Germany's Dax was down 0.22 percent, France’s CAC was last up by 0.66 percent.
Gold eased on Wednesday as investors booked profits from a record run and caution set in as investors awaited the end of a U.S. Federal Reserve meeting expected to reinforce dovish policy to aid a virus-hit economy.
Spot gold was down by 0.1% at $1,956.39 per ounce by 1153 GMT. Prices hit a record $1,980.57 on Tuesday. U.S. gold futures rose 0.4% to $1,953.20 per ounce.
Oil prices rose on Wednesday after a surprise drop in U.S. crude inventories, but demand concerns amid record increases in COVID-19 infections in some U.S. states capped gains.
Brent crude futures rose 59 cents, or 1.4%, to $43.81 a barrel by 1216 GMT. U.S. West Texas Intermediate crude futures gained 47 cents, or 1.2%, to $41.51 a barrel.
High-grade eurozone government debt yields dropped to their lowest levels in over two months as a cocktail of negative news sent investors scrambling for safe assets.
German 10-year Bund yields dropped to a new two-month low of -0.52% on Wednesday.