Asia Roundup: Japanese yen eases as Washington drops China FX manipulator label, Asian shares at record high, investor await U.S.-China trade deal - Tuesday, January 14th, 2020
America’s Roundup: Dollar gains vs euro as ECB holds policy steady, Wall Street ends lower, Gold dips, Oil falls 2% as spectre of China virus threatens fuel demand-January 24th,2020
Asia Roundup: PBoC keeps Prime rate unchanged at 4.15 pct, Asian markets mixed, gold back above $1,560 mark - Monday, January 20, 2020
Europe Roundup: Sterling rallies after upbeat UK jobs data, European shares falls, Gold eases, Oil prices slide as supply concerns fade-January 21st,2020
Europe Roundup: Sterling reverses gains after weak British retail sales,European shares rise, Gold firms, Oil ends week steady as China growth offsets trade deal optimism-January 17th,2020
Asia Roundup: - Japanese yen remains almost unchanged after CPI, core CPI data; Asian markets mixed, gold trades flat at $1,560 mark - Friday, January 24, 2020
Europe Roundup: Sterling recovers as traders wait for data cues on BoE rate cut, European shares edge higher, Gold inches down, Oil rises after U.S.-China deal, IEA forecast limits gains-January 16th, 2020
Europe Roundup: Sterling falls as slowing growth increases rate cut speculation,European shares flat, Gold slips 1% . Oil steady as fears over U.S.-Iran conflict ease-January 13th, 2020
Asia Roundup: Japanese yen rebounds as U.S. says China tariffs in place till Phase 2 deal, greenback consolidates following mixed CPI figures, Asian shares plunge - Wednesday, January 15th, 2020
Europe Roundup: Euro dips as investors cheer U.S. data, European shares dip, Gold range bound, Oil rises as Libyan oilfields shut down-January 20th,2020
America’s Roundup: Dollar dips on renewed Middle East tensions, Gold firms, Oil falls below $65/bbl in first weekly drop since November-January 11th,2020
Asia Roundup: Japanese yen strengthens as BOJ keeps policy rate unchanged, Asian markets in red, gold noticeably up - Tuesday, January 21, 2020
Europe Roundup: Sterling falls after downbeat UK inflation data ,European shares flat,Gold gains, Oil drops on concerns that U.S.-China trade deal may not stoke demand-January 15th,2020
Asia Roundup: Dollar gains against yen on U.S.-China trade deal optimism, oil rallies as U.S. crude inventories decline more than expected; investors eye German CPI - Thursday, January 16th, 2020
Europe Roundup: Sterling firms as rate-cut talk abates, European shares rebound, Gold slips, Oil dips as surplus forecast overshadows Libya disruption-January 22nd 2020
Asia Roundup: Aussie rallies on U.S.-China trade deal optimism, Asia shares at 19-month highs, investors eye UK economic data - Monday, January 13th, 2020
Europe Roundup: Sterling at 8-month peak on expectations of Conservative win in UK election, euro steadies as EZ investor morale improves, European shares tumble - Monday, December 9th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index eased as investors remained cautious ahead of an impending December 15 deadline for the United States to impose a new round of tariffs on China. Market attention will also remain on U.S. Federal Reserve policy meetings this week that could provide fresh clues on the monetary policy outlook. The greenback against a basket of currencies traded 0.1 percent down at 97.60, having touched a low of 97.36 on Friday, its lowest since November 4.
EUR/USD: The euro steadied after data showed German exports rose unexpectedly in October, raising hopes that the economy can avoid contracting in the final quarter, despite a string of negative economic indicators in recent weeks. Moreover, separate data showing investor morale in the eurozone jumped for the second month in a row boosted the bid tone around the major. The European currency traded 0.05 percent up at 1.1063, having touched a low of 1.1039 on Friday, its lowest since December 2. Immediate resistance is located at 1.1080, a break above targets 1.1097. On the downside, support is seen at 1.1042 (21-DMA), a break below could drag it below 1.1025.
USD/JPY: The dollar plunged to a 2-1/2 week low as risk sentiment weakened after White House economic adviser Larry Kudlow stated that a December 15 deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods. The major was trading 0.1 percent down at 108.42, having hit a low of 108.42 earlier, its lowest since Nov 21. Investors’ will continue to track the broad-based market sentiment, as U.S. economic calendar remains absolutely data empty. Immediate resistance is located at 108.83, a break above targets 109.02 (10-DMA). On the downside, support is seen at 108.42, a break below could take it near at 108.27.
GBP/USD: Sterling advanced to an 8-month peak on growing confidence that this week’s election will give the Conservative Party the parliamentary majority it needs to deliver Brexit, ending near-term uncertainty. Fresh polls showed British Prime Minister Boris Johnson’s Conservative Party have extended its lead in opinion polls before Thursday’s election. The major traded 0.3 percent up at 1.3167, having hit a high of 1.3181 earlier, it’s highest since May 6. Investors’ attention will remain on the development surrounding the general elections, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3196, a break above could take it near 1.3217. On the downside, support is seen at 1.3064 (5-DMA), a break below targets 1.3039. Against the euro, the pound was trading 0.1 percent up at 84.07 pence, having hit a high of 83.92 earlier, it’s highest since May 2017.
USD/CHF: The Swiss franc consolidated within narrow ranges, as investors awaited the Federal Reserve policy meeting on Wednesday, new European Central Bank chief Christine Lagarde's first policy meeting on Thursday, and a parliamentary election in Britain, with the results due on Friday. The major trades flat at 0.9898, having touched a low of 0.9855 on Wednesday, it’s lowest since November 4. On the higher side, near-term resistance is around 0.9926 (21-DMA) and any break above will take the pair to the next level till 0.9940. The near-term support is around 0.9886 (5-DMA), and any close below that level will drag it till 0.9836.
European shares tumbled as data from China indicating a slowdown in the Chinese economy, stoked fresh concerns about slowing global growth.
The pan-European STOXX 600 index slumped 0.1 percent at 406.97 points, while the FTSEurofirst 300 fell 0.05 percent to 1,590.47 points.
Britain's FTSE 100 trades 0.1 percent down at 7,232.29 points, while mid-cap FTSE 250 eased 0.6 to 20,815.24 points.
Germany's DAX declined 0.2 percent at 13,145.51 points; France's CAC 40 trades 0.2 percent lower at 5,858.01 points.
Crude oil prices eased after data showed that Chinese exports declined for a fourth straight month, raising concerns about the damage being done to global demand by the U.S.-China trade war. International benchmark Brent crude was trading 0.8 percent down at $63.82 per barrel by 1019 GMT, having hit a high of $64.86 on Friday, its highest since September 23. U.S. West Texas Intermediate was trading 0.7 percent down at $58.66 a barrel, after rising as high as $59.81 on Friday, its highest since September 17.
Gold prices rebounded from a 1-week low as investors awaited cues from the U.S. Federal Reserve on its monetary policy outlook. Spot gold rose 0.2 percent to $1,462.36 per ounce by 1021 GMT, having touched a low of $1458.57 earlier, its lowest since Dec. 2. U.S. gold futures rose 0.1 percent to $1,466.50.
The European bond yields held below 1-week highs as investors awaited European Central Bank meeting and a UK election due. The yields on 10-year German government debt were steady at -0.30 percent just below Friday’s high of -0.27 percent, the highest since Dec. 3.
The Japanese government bond yields rose, with the benchmark 10-year JGB futures falling 0.18 point to 152.27. The 10-year JGB yield rose 1 basis point to minus 0.010 percent, the highest since April. The 20-year JGB yield rose 0.5 basis point to 0.295 percent, while the 30-year JGB yield rose 0.5 basis point to 0.440 percent. The five-year yield rose 1.5 basis points to minus 0.105 percent. The two-year JGB yield rose 1 basis point to minus 0.125 percent.
The Australian government bond futures eased, with the 3-year bond contract dipping 1.5 ticks to 99.280, while the 10-year contract lost 3 ticks to 98.8450. The 10-year yields remain 72 basis points lower than those on Treasuries, compared to 41 basis points this time last year.
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