America’s Roundup: Dollar climbs as U.S.-China tensions lift greenback, Wall Street ends mixed, Gold firms, Oil drops 4% on China-U.S. tensions, energy demand doubts-May 23rd 2020
America’s Roundup: Dollar dips as improved risk appetite, EU recovery fund hopes boost euro, Wall Street ends down, Gold gains, Oil rises as higher U.S. refinery rates offsets surprise crude build-May 29th,2020
Europe Roundup: Euro as German survey fuels optimism, European shares rise, Gold dips, Oil falls as U.S.-China tensions take toll-May 25th,2020
America’s Roundup: Dollar treads water against euro, Wall Street gains, Gold dips to two-week low, Oil falls on demand concerns, U.S.-China tensions-May 28th,2020
Europe Roundup: Sterling tumbles on record-low retail data, trade tensions, European shares dip, Gold gains, Oil prices drop as China-U.S. tensions grow –May 22nd 2020
Asia Roundup: Aussie rallies to 5-month peak on better-than-expected Chinese service PMI, greenback slumps amid mass protests against racism, Asian shares surge - Wednesday, June 3rd, 2020
Europe Roundup: Euro gains against dollar on economic recovery hopes, European shares rise,Gold gains, Oil steady as OPEC+ considers extension to output curbs-June 1st ,2020
America’s Roundup: Dollar dented as risk appetite ramps up, Wall Street gains, Gold eases, Oil prices rise as faith in supply cuts grows-May 27th,2020
America’s Roundup: Dollar hits 2-months low against a basket of currencies,Wall Street gains, Gold slips 1%,Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns-June3rd 2020
Europe Roundup: Euro gains before Trump's press conference on China, European shares dips, Gold up, Oil falls but remains set for biggest monthly gain in years-May 29th,2020
Asia Roundup: Aussie consolidates near 4-month peak, dollar gains against yen as risk appetite improves, investors eye ECB meeting outcome - Thursday, June 4th, 2020
Asia Roundup: Aussie eases on worsening U.S.-China tensions, dollar rallies against yen as risk sentiment slightly improves on potential Japanese stimulus, Asian shares consolidate - Monday, May 25th, 2020
Europe Roundup: Euro steady as doubts over EU recovery fund arise,European shares gains,Gold gains, Oil prices steady,awaiting confirmation of surprise U.S. inventory build-May 28th,2020
Europe Roundup: Euro buoyed as investor sentiment improves, European shares gain,Gold eases, Oil prices climb as faith in supply cuts grows-May 26th,2020
Asia Roundup: Aussie near 4-month peak on upbeat Chinese data, dollar slumps amid U.S. riots, Asian shares rally as investors focus on recovery from pandemic - Monday, June 1st, 2020
Europe Roundup: Euro falls ahead of ECB meeting, European shares inch lower, Gold gains, Oil drops on U.S. inventories and doubts over output cuts-June 3rd, 2020
Europe Roundup: Sterling climbs off 1985 lows as markets rebound,European shares bounce, Gold jumps 3%, Oil gains as banks flood market with cheap dollars-March 20th,2020
• German Feb PPI (YoY) -0.1%, 0.2% forecast, 0.2% previous
• German Feb PPI (MoM) -0.4%, -0.1% forecast , 0.8% previous
• Greek Jan Current Account (YoY) -1.291B, -0.540B previous
•EU Current Jan Account 34.7B, 32.6B previous
•EU Jan Current Account n.s.a. 8.7B, 20.5B forecast, 51.2B previous
• UK Inflation Expectations 3.0%,3.1% previous
• UK Feb Public Sector Net Borrowing -0.39B, 0.85B forecast, -12.43B previous
• UK March Interest Rate Decision 6.00%,6.00% forecast, 6.00% previous
• Canada Jan Core Retail Sales (MoM) -0.1%,0.2% forecast, 0.7% previous
• Canada Jan Retail Sales (MoM) 0.4%,0.3% forecast, 0.2% previous
• Russian Jan Real Wage Growth (YoY) 6.5%,4.5% forecast, 6.9% previous
Looking Ahead - Economic Data (GMT)
• 13:30 US Feb Existing Home Sales (MoM) 0.7% forecast, -1.3% previous
• 13:30 US Feb Existing Home Sales 5.50M forecast, 5.46M previous
•18:00 Brazil CAGED Net Payroll Jobs 70.00K forecast, -307.31K previous
Looking Ahead - Events, Other Releases (GMT)
• No economic events
EUR/USD: The euro declined against dollar on Friday as scramble for hard cash and surge in demand for the greenback prompted investors sell euro. The U.S. Federal Reserve opened the taps for central banks in nine new countries to access dollars in hopes of preventing the outbreak from causing a global economic rout. Several countries rolled out measures to stem the economic damage, with the U.S. Senate unveiling a $1 trillion stimulus plan, while the Bank of England promised 200 billion pounds ($236 billion) of bond purchases and cut its key interest rate. The euro was down 0.02 percent at $1.0704. Immediate resistance can be seen at 1.0729 (23.6% fib), an upside break can trigger rise towards 1.0777 (38.2% fib).On the downside, immediate support is seen at 1.0649(Daily low), a break below could take the pair towards 1.9600 (Psychological level).
GBP/USD: Sterling rebounded versus the U.S. dollar amid a tentative rally in global markets on Friday, climbing off more than three-decade lows against the greenback.The British currency had been one of several to tank as investors rushed to put their money in dollars, the world’s most liquid currency and seen as a safe haven in times of crisis. The Bank of England cut benchmark interest rates to a record low of 0.1% and ramped up its bond-buying programme on Thursday in a new attempt to shield Britain’s economy from the coronavirus pandemic, helping gilts recover. Immediate resistance can be seen at 1.1781(61.8% fib), an upside break can trigger rise towards 1.1875 (Daily high).On the downside, immediate support is seen at 1.1675 (50% fib ), a break below could take the pair towards 1.1589 (38.2% fib)
USD/CHF: The dollar strengthened against the Swiss franc on Friday as central banks and governments pledged masses of cash to reduce the economic impact of the coronavirus pandemic. As the spread of the coronavirus brought much of the world to a halt, nations have poured ever-more massive amounts of stimulus into their economies while central banks have flooded markets with cheap dollars to ease funding strains. At (GMT 13:16), Greenback strengthened 0.1% versus the Swiss franc to 0.9841. Immediate resistance can be seen at 0.9887 (Daily high), an upside break can trigger rise towards 0.9975 (Higher BB).On the downside, immediate support is seen at 0.9741(Daily low), a break below could take the pair towards 0.9690 (5 DMA).
USD/JPY: The dollar gained against the Japanese yen on Friday as extraordinary steps by central banks across the world to stem a coronavirus-induced financial rout saw mixed success, boosting greenback. The dollar’s surge is a nightmare for the many countries and companies that have borrowed heavily in the U.S. currency, leading to yet more selling of emerging market currencies in a negative feedback loop. Strong resistance can be seen at 111.27 (23.6% fib), an upside break can trigger rise towards 112.00 (Psychological level).On the downside, immediate support is seen at 110.59 (38.2% fib), a break below could take the pair towards 110.06 (50% fib).
European shares jumped for a second straight session on Friday, as a wave of fiscal and monetary stimulus tempted investors back into equity markets after days of selling on signs the world was headed into a deep, coronavirus-driven recession.
At (GMT 13:03),UK's benchmark FTSE 100 was last trading up at 1.10 percent, Germany's Dax was up by 3.16 percent, France’s CAC finished was up by 3.56percent.
Euro zone bond yields tumbled on Friday as risk sentiment picked up to support Southern European bonds, while German bonds retraced some of their losses from the previous session.
Italian bond yields were lower, with the 10-year yield last down 17 basis points at 1.65%, after falling nearly 50 bps on Thursday.
Gold prices jumped over 3% while platinum surged over 8% on Friday, as precious metals rebounded sharply on a lull in the rush for cash after global action to reduce the economic impact of the coronavirus lifted market sentiment.
Spot gold was up 2.2% at $1,501.83 per ounce at 1217 GMT, having risen as much as 3.1% earlier. It fell 1% on Thursday, and is en route to a 2% weekly decline. U.S. gold futures climbed 1.8% to $1,505.70.
Oil prices rose on Friday as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia.
Brent crude futures were up $1.14, or 4%, at $29.61 a barrel by 1133 GMT.U.S. crude futures for April rose $1.34, or 5.3%, to $26.56. The front-month contract expires later on Friday. The more active U.S. crude contract for May was up $1.15, or 4.4%, at $27.06.