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
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
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
America’s Roundup: Dollar struggles to gain on Fed’s mixed messages, Wall Street ends mixed, Gold rises, Oil prices rise as Saudi supply risks come into focus-September 20th, 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
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
Europe Roundup: Swiss franc, yen at 5-week lows as risk appetite improves, greenback gains as U.S. Treasury yields surge, sterling off 6-week peak amid persisting political uncertainty - Tuesday, September 10th, 2019
America’s Roundup: Dollar gains as Fed cuts rates, but easing outlook uncertain, Wall Street sinks, Gold slides 1%,Oil prices extend losses after Saudi pledge to restore lost output-September 19th,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
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 off highs amid persisting no-deal Brexit concerns, greenback gains ahead of Fed policy meeting, oil rallies on Saudi facility attacks- Monday, September 16th, 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: Aussie slumps on weak economic data, Kiwi tumbles as NZ posts current account deficit, greenback steadies ahead of Fed policy decision - 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
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 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
Europe Roundup: Sterling at 4-month trough as Labour Party declares Brexit talks dead, euro plunges amid European election concerns, European shares slump – Friday, May 17th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rallied to a 2-week peak, bolstered by data that showed U.S. homebuilding increased more than expected in April. The greenback against a basket of currencies traded 0.1 percent up at 97.89, having touched a high of 97.95 earlier, its highest since May 3. FxWirePro's Hourly Dollar Strength Index stood at 122.08 (HIghly Bullish) by 0900 GMT
EUR/USD: The euro plunged to a 2-week low, weighed down by concerns about next week's European parliamentary elections and comments from Italian Deputy Prime Minister Matteo Salvini. On Thursday, Salvini stated that he would break EU budget rules that were strangling Italy if his party did well in the elections. The European currency traded 0.1 percent down at 1.1162, having touched a low of 1.1158, its highest since May 3. FxWirePro's Hourly Euro Strength Index stood at -49.98 (Neutral) by 0900 GMT. Immediate resistance is located at 1.1218 (May 7 High), a break above targets 1.1262 (April 22 High). On the downside, support is seen at 1.1140 (April 24 Low), a break below could drag it till 1.1100.
USD/JPY: The dollar declined from a 1-week peak hit earlier in the day amid lingering concerns among investors about trade tensions and impending European Parliament elections. The major was trading 0.1 percent down at 109.70, having hit a low of 109.01 on Monday, its lowest since Feb. 1. FxWirePro's Hourly Yen Strength Index stood at 123.9 (Highly Bullish) by 0900 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the preliminary Michigan consumer sentiment index, and speeches by Fed's Clarida and Williams. Immediate resistance is located at 110.36 (50.0% retracement of 111.68 and 109.01), a break above targets 110.67 (61.8% retracement). On the downside, support is seen at 109.01 (May 14 Low), a break below could take it lower at 108.49 (Jan. 31 Low).
GBP/USD: Sterling slumped to a 4-month low below the 1.2800 handle on news that Brexit talks between May's Conservatives and the opposition Labour Party are about to end without an agreement. The major traded 0.3 percent down at 1.2758, having hit a low of 1.2754 earlier; it’s lowest since Feb. 14. FxWirePro's Hourly Sterling Strength Index stood at -89.79 (Slightly Bearish) 0900 GMT. Immediate resistance is located at 1.2878 (Feb. 14 High), a break above could take it near 1.2939 (Feb. 11 High). On the downside, support is seen at 1.2727 (Jan. 10 Low), a break below targets 1.2709 (Jan. 11 Low). Against the euro, the pound was trading 0.2 percent down at 87.47 pence, having hit a low of 87.52, it’s lowest since Feb. 19.
USD/CHF: The Swiss franc eased to a 5-day low, as the greenback surged, boosted by strong U.S. economic data and a bounce in Treasury yields. The major trades 0.1 percent up at 1.0109, having touched a low of 1.0049 on Monday; it’s lowest since Apr. 16. FxWirePro's Hourly Swiss Franc Strength Index stood at 88.34 (Slightly Bullish) by 0900 GMT. On the higher side, near-term resistance is around 1.0159 (Apr. 18 High) and any break above will take the pair to next level till 1.0196 (May 6 High). The near-term support is around 1.0032 (Apr. 16 Low), and any close below that level will drag it till 1.0000.
European shares plunged amid an escalating trade war between the United States and China, which threatens to hamper global growth.
The pan-European STOXX 600 index tumbled 0.6 percent at 380.50 points, while the FTSEurofirst 300 index fell 0.6 percent to 1,496.76 points.
Britain's FTSE 100 trades 0.4 percent down at 7,322.04 points, while mid-cap FTSE 250 eased 0.4 to 19,454.59 points.
Germany's DAX declined 0.9 percent at 12,205.29 points; France's CAC 40 trades 0.6 percent lower at 5,415.15 points.
Crude oil prices declined, giving up earlier gains, but were on track for the first weekly increases this month, as rising tensions in the Middle East stoked fears of supply disruptions. International benchmark Brent crude was trading 0.1 percent lower at $72.72 per barrel by 0904 GMT, having hit a high of $73.33 on Thursday, its highest since Apr, 26. U.S. West Texas Intermediate was trading 0.05 percent up at $63.14 a barrel, after rising as high as $63.46 on Thursday, its highest since the May 2.
Gold prices rose after recording its biggest one-day percentage loss in a month in the previous session on a firmer dollar due to strong U.S. data and corporate results. Spot gold was trading 0.1 percent up at $1,286.75 per ounce by 0906 GMT, having touched a high of $1,303.21 on Tuesday, its highest since Apr. 11. U.S. gold futures were steady at $1,286.90 an ounce.
The 10-year U.S. Treasury note yielded 2.387 percent, having pulled back from a near two-month low of 2.354 percent recorded the previous day.
The German 10-year bond yields fell back towards 2-1/2 year lows, while French and Spanish yields were set for their biggest weekly drop in two months, down 7 and 12 bps, respectively. The Italian bond yields were down as much as six basis points, while most Eurozone 10-year bond yields fell one to two basis points.
The Japanese government bond prices fell, with the five-year and 10-year JGB yields rising half a basis point each to minus 0.170 percent and minus 0.060 percent, respectively. The 30-year yield climbed 1 basis point to 0.520 percent.