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 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
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 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
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
Europe Roundup: Euro dips as Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,2020
America’s Roundup: Dollar retreats post U.S. jobs data, ECB decision ,Wall Street ends lower,Gold gains, Oil prices slide near 2% after surprise U.S. crude stock build-September 11th,2020
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 2020
Asia Roundup: Kiwi plunges ahead of RBNZ policy decision, Aussie slumps on RBA Debelle's comments, greenback holds near 6-week high as investors eye Fed Powell's testimony - Tuesday, September 22nd, 2020
Asia Roundup: Kiwi slumps to 4-week trough as RBNZ hints at further easing, Aussie plunges as Westpac expects monetary easing by RBA, Asian shares volatile - Wednesday, September 23rd, 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
Europe Roundup: Euro falls on concerns about fresh lockdowns in Europe,European stocks bounce,Gold falls, Oil rises on expectation demand can survive new lockdowns-September 22nd 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
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
Asia Roundup: Dollar eases on growing concerns over U.S. stimulus, euro rallies on ECB Lagarde's comments, investors eye U.S. CPI data - Friday, September 11th, 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
Europe Roundup: Euro rises on back of weaker dollar European shares fall, Gold soars to all-time high ,Oil slips on U.S.-China tensions,rising virus cases-July 27th,2020
• German Current Assessment 84.5, 85.0 forecast, 81.3 previous
• EU June M3 Money Supply (YoY) 9.2%,9.3% forecast, 8.9% previous
• EU June Loans to Non Financial Corporations 7.1% , 7.3% previous
• German July Ifo Business Climate Index 90.5, 89.3 forecast, 86.2 previous
• German July Business Expectations 97.0, 93.7 forecast, 91.4 previous
• France Jobseekers Total 3,964.7K, 4,167.4K previous
Looking Ahead - Economic Data (GMT)
• 12:30 US June Durable Goods Orders (MoM) 7.2% forecast ,15.7% previous
• 12:30 US June Durables Excluding Defense (MoM) 15.3% previous
• 12:30 US June Core Durable Goods Orders (MoM) 3.5% forecast,3.7% previous
• 12:30 US June Goods Orders Non Defense Ex Air (MoM) 2.3% forecast, 1.6% previous
• 13:00 French 3-Month BTF Auction -0.569% previous
• 13:00 French 6-Month BTF Auction-0.576% previous
• 13:00 French 12-Month BTF Auction -0.564% previous
• 14:30 US July Dallas Fed Mfg Business Index -6.1 previous
• 15:30 US 3-Month Bill Auction 0.120% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro rose against dollar on Monday as deteriorating U.S.-China relations and concerns about the U.S. economy weakened dollar across the board. U.S. Secretary of State Mike Pompeo said Washington and its allies must use “more creative and assertive ways” to make the Chinese Communist Party change its ways. With domestic economic concerns trumping its role as a safe-haven currency, the dollar index fell overnight, steadied in the early hours of the morning, then continued its descent. At 1210 GMT, the dollar index was at 93.777, down 0.6% on the day Immediate resistance can be seen at 1.1760 (Higher BB), an upside break can trigger rise towards 1.1833 (23.6% fib).On the downside, immediate support is seen at 1.1714 (38.2% fib), a break below could take the pair towards 1.1620 (50%fib).
GBP/USD: Sterling was pushed up by a broadly weaker U.S. dollar on Monday, as uncertainty over Brexit and Britain’s economic prospects kept most investors on the sidelines. Britain and the European Union clashed last week over the chances of securing a free trade agreement, with Brussels deeming it unlikely but London holding out hope one could be reached in September. The pound was last up 0.3% versus the dollar at $1.2827 , but as the euro rose above $1.17, sterling fell against the common currency, trading last down 0.2% at 91.27 pence. Immediate resistance can be seen at 1.2890 (Higher BB), an upside break can trigger rise towards 1.2984 (23.6% fib ).On the downside, immediate support is seen at 1.2770 (Daily low), a break below could take the pair towards 1.2710 (38.2 % fib).
USD/CHF: The dollar declined against the Swiss franc on Monday as the rapid spread of the coronavirus and tensions between the United States and China kept investors cautious. Key for markets this week will be the U.S. Federal Reserve’s latest meeting, U.S. gross domestic product figures and earnings releases from the world’s main tech companies, including Facebook on Wednesday and Amazon, Apple and Google on Thursday. Hopes for a quick U.S. economic recovery are fading as coronavirus infections showed few signs of slowing. At (GMT 12:15), Greenback gained 0.20% versus the Swiss franc to 0.9216. Immediate resistance can be seen at 0.9242 (38.2% fib), an upside break can trigger rise towards 0.9302 (50% fib).On the downside, immediate support is seen at 0.9167 (23.6% fib), a break below could take the pair towards 0.9100 (Psychological level).
USD/JPY: The dollar declined against the Japanese yen on Monday as the dollar weakened on growing bets of a more accommodative stance from the U.S. Federal Reserve this week. The reserve currency of the world slipped against a basket of currencies, with focus shifting to a two-day Fed meeting starting on Tuesday. Expectations are that policymakers may begin laying the groundwork for more action in September or the fourth quarter. Strong resistance can be seen at 106.10 (Daily high), an upside break can trigger rise towards 106.46 (38.2% fib).On the downside, immediate support is seen at 105.21 (23.6% fib), a break below could take the pair towards 105.00 (Psychological level).
European shares slipped on Monday with travel stocks leading the declines after Britain imposed a quarantine on travellers returning from Spain, where cases of the novel coronavirus have surged in the last few weeks.
At (GMT 12:20 ),UK's benchmark FTSE 100 was last trading lower at 0.30percent, Germany's Dax was down by 0.01 percent, France’s CAC was last down by 0.37 percent.
Gold surged to record highs on Monday as an intensifying U.S.-China row and a weaker dollar sent investors scurrying to the safety of bullion to hedge against the risks to a global economy already reeling from the COVID-19 pandemic.
Spot gold rose 1.7% to $1,934.06 per ounce by 0802 GMT after hitting a record high of $1,943.93. U.S. gold futures gained 1.7% to $1,929.40.
Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors towards safe-haven assets.
Brent crude dipped 20 cents, or 0.5%, to $43.14 a barrel by 1000 GMT, while U.S. West Texas Intermediate (WTI) crude dropped to $41.15 a barrel, down 14 cents, or 0.4%.