America’s Roundup: Dollar little changed by optimistic news on another COVID vaccine, Wall Street gains, Gold slides 1%, Oil settles higher boosted by latest COVID-19 vaccine progress-November 17th,2020
Europe Roundup: Euro gains as ECB's cautious optimism on vaccine supports single currency, European shares edged lower ,Gold steady, Oil falls on COVID-19 surge but on track for weekly gain-November 13th,2020
America’s Roundup: U.S. dollar weakens for fifth day on vaccine optimism, Wall Street closes lower, Gold slips, Oil gains 1% on potential OPEC+ rethink and vaccine hopes-November 19th,2020
Europe Roundup: Euro edges higher as vaccine and recovery hopes lift investor spirits, European shares rise, Gold slides 1%, Oil moves higher on latest COVID-19 vaccine progress-November 16th,2020
Europe Roundup: Sterling dips against Brexit deadlock weighs,European shares gains, Gold edges up, Brent oil hits $45 on hopes for COVID-19 vaccine, U.S. crude stock draw-November 11th,2020
America’s Roundup: Dollar slips to two-month low, Wall Street rally, Gold trends higher, Oil falls 4% as U.S. vote count continues, coronavirus cases rise-November 7th,2020
Asia Roundup: Aussie at 1-week peak following RBA minutes, dollar slumps against yen amid worries about second coronavirus wave, Biden transition; Asian shares surge on vaccine hopes - Tuesday, November 17th, 2020
America’s Roundup: Dollar rises again as markets adjust to vaccine hope and higher yields, Wall Street ends mixed, Gold inches up, Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown-November 12th,2020
Europe Roundup: Euro eases on rising on COVID-19 count, European stocks slide, Gold slips, Oil prices dip as COVID-19 cases outweigh vaccine optimism-November 19th,2020
Asia Roundup: Kiwi at 20-month peak as negative rate speculations ease, yen gains as investors adjust vaccine expectations, Asian shares surge - Thursday, November 20th, 2020
Asia Roundup: Antipodeans steady near recent peaks, dollar holds firm against yen as investors applaud vaccine development, Asian shares surge - Tuesday, November 10th, 2020
Asia Roundup: Kiwi rallies as RBNZ unveils new lending scheme, dollar eases against yen amid concerns over rising virus cases, Asian shares surge as vaccine hopes offset second-wave worries- Wednesday, November 11th, 2020
Asia Roundup: Kiwi rallies to 19-month peak as investors await RBNZ policy meeting, dollar steadies against yen as risk sentiment improves, investors eye BoE Bailey's speech - Monday, November 9th, 2020
Asia Roundup: Kiwi at 1-1/2 month peak as Q4 inflation expectations accelerate, greenback steadies amid U.S. election concerns, Asian shares at near 3-year peak - Friday, November 6th, 2020
America’s Roundup: Dollar hits three-week highs versus Japanese yen after vaccine news,Wall Street ends mixed, Gold gains,Oil gains nearly 3% on vaccine hopes, even as nations reimpose lockdowns-November 11th,2020
America’s Roundup: Dollar gains in tug-of-war between vaccine, rising virus cases, Wall Street closes lower, Gold firms, Oil rises about 1%, posts third week of gains on vaccine hopes-November 21st 2020
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
• German, French PMIs suggest recovering business
• French June Manufacturing PMI 52.1, 46.0 forecast, 40.6 previous
• French June Services PMI 50.3, 44.2 forecast, 31.1 previous
•French June Markit Composite PMI 51.3, 46.3 forecast, 32.1 previous
• German June Manufacturing PMI 44.6, 41.5 forecast, 36.6 previous
• German June Composite PMI 45.8, 44.2 forecast, 32.3 previous
•German June Services PMI 45.8, 42.0 forecast, 32.6 previous
•EU June Manufacturing PMI 46.9, 44.5 forecast, 39.4 previous
• EU Services PMI 47.3, 41.0 forecast, 30.5 previous
• UK Composite PMI 47.6, 41.0 forecast, 30.0 previous
• UK Services PMI 47.0, 40.0 forecast, 29.0 previous
• UK Manufacturing PMI 50.1,45.0 forecast, 40.7 previous
Looking Ahead Economic Data (GMT)
• US Redbook (MoM) -2.4% previous
• US Redbook (YoY) -8.3% previous
• 13:45 US June Manufacturing PMI 48.0 forecast, 39.8 previous
• 13:45 US June Markit Composite PMI 37.0 previous
• 13:45 US June Services PMI 46.5 forecast, 37.5 previous
• 14:00 US June Richmond Services Index -48 previous
• 14:00 US May New Home Sales (MoM) 2.9% forecast, 0.6% previous
• 14:00 US May New Home Sales 640K forecast, 623K previous
• 14:00 US June Richmond Manufacturing Shipments -26 previous
• 14:00 US June Richmond Manufacturing Index -27 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro rose against dollar on Tuesday after Purchasing Managers’ Indexes (PMIs), seen as a good gauge of economic health, thumped expectations to bolster V-shaped recovery hopes. Euro zone PMIs recovered to 47.5 from May’s 31.9 and April’s record low of 13.6. The future output index, which had been below the 50 mark that separates growth from contraction for three months, recovered to 55.7 from 46.8 too. Immediate resistance can be seen at 1.1358 (June 16th), an upside break can trigger rise towards 1.1424 (Higher BB).On the downside, immediate support is seen at 1.1292 (23.6% fib), a break below could take the pair towards 1.1216 (21 DMA).
GBP/USD: Sterling strengthened against dollar on Tuesday after data showed as better-than-expected PMI data supported the British currency. The IHS Markit/CIPS flash composite Purchasing Managers’ Index (PMI), which measures activity in the services sector and manufacturing, jumped to 47.6 in June from 30.0 in May. This was a record rise that easily exceeded expectations in a poll for an increase to 41, though its sub-50 level still represents a modest fall in output. Immediate resistance can be seen at 1.2681 (200 DMA),an upside break can trigger rise towards 1.2775(23.6% fib).On the downside, immediate support is seen at 1.2418 (50DMA), a break below could take the pair towards 1.2311 (61.8% fib).
USD/CHF: The dollar declined against the Swiss franc on Tuesday as U.S. dollar was on the backfoot as markets clung on to hopes of an economic recovery from the pandemic despite rising infections in some parts of the world. The World Health Organization (WHO) reported a record increase in global novel coronavirus cases on Sunday, with spikes in infections in southern and western U.S. states as well as Brazil. Immediate resistance can be seen at 0.9486 (11 DMA), an upside break can trigger rise towards 0.9533 (50% fib).On the downside, immediate support is seen at 0.9397 (Lower BB), a break below could take the pair towards 0.9346 (23.6%fib).
USD/JPY: The dollar edged higher against the Japanese yen Tuesday after U.S. President Donald Trump provided assurance that the U.S.-China trade pact was fully intact , following confusing statements from the White House earlier over the fate of the deal. Japanese yen had strengthened early in the Asian day after White House trade adviser Peter Navarro said the trade deal with China was “over”, linking the breakdown in part to Washington’s anger over Beijing not sounding the alarm earlier about the coronavirus outbreak. The comment caused a kneejerk reaction in the markets, although sentiment turned around quickly after a statement from Navarro that his comment had been taken out of context. Strong resistance can be seen at 107.87 (38.2% fib), an upside break can trigger rise towards 108.02 (38.2% fib).On the downside, immediate support is seen at 106.72 (50% fib ), a break below could take the pair towards 106.00(Psychological level).
European shares rose to a near two-week high on Tuesday, powered by cyclical stocks after latest economic data signalled that business activity in the continent was rebounding faster than expected from a coronavirus-driven slump.
At (GMT 12:00 ),UK's benchmark FTSE 100 was last trading up at 1.44 percent, Germany's Dax was up by 2.54 percent, France’s CAC finished was up by 1.78 percent.
Gold prices on Tuesday held firm near a more than one-month peak scaled in the last session, as a rise in coronavirus infections fuelled concerns of a second wave of the pandemic.
Spot gold was up 0.1% to $1,756.70 per ounce at 1154 GMT. On Monday, bullion hit $1,762.84, its highest since May 18. U.S. gold futures were up 0.3% to $1,771.20 per ounce.
Oil prices rose on Tuesday after a volatile session sparked by confusion over the status of the U.S.-China trade deal.
Brent crude rose 49 cents, or 1.1%, to $43.57 a barrel by 0933 GMT, having skidded to a session low of $42.21. U.S. oil was up 48 cents, or 1.2%, at $41.21 a barrel after touching a low of $39.76.
Euro zone bond yields rose as business surveys from France and Germany suggested the continent’s two largest economies are recovering from the depths of the COVID-19 crisis as they come out of lockdown.
Safe haven German 10-year bond yields rose 2 basis points on this news to -0.45% and moved further away from a near one-month high hit overnight.