America’s Roundup: Dollar steadies as investors wait for information on Fed policy, Wall ends mixed, Gold slips, Oil marches to multi-year highs as economies reopen-June 15th,2021
Europe Roundup: Euro gains after German inflation data, European stocks retreat, Gold gains, Oil firms near $70 a barrel on improving demand outlook-May 31st,2021
Europe Roundup: Euro edges higher against dollar ahead of US inflation data and ECB meeting, European stocks hovering around recent peaks, Gold steady, Oil rallies amid signs of strong fuel demand in Western countries-June 9th,2021
Europe Roundup: Sterling dips from 3-year high as new COVID variant fears weighs European shares rise,Gold hits near 5-month high, Brent hits highest since March on demand prospects-June 1st,2021
America’s Roundup: Dollar dips as traders assess the impact of a surge in U.S. inflation, Gold gains, Oil gains near $70 a barrel as demand outlook improves-June 1st,2021
America’s Roundup: Dollar falls as U.S. non-farm payrolls lag behind expectations, Wall Street ends higher, Gold rebounds, Oil extends gain on OPEC+ supply discipline and recovering demand-June 5th,2021
America’s Roundup: Dollar gives up gains as markets digest economic data, Wall Street rises, Gold retakes $1,900 level, Oil gains as demand outlook counters supply fears-May 29th,2021
Europe Roundup: Euro eases against dollar after German ZEW economic sentiment weakens in June, European rises to new high, Gold slips, Oil prices fall, but the outlook remains optimistic-June 8th,2021
Europe Roundup:Euro dips on dovish ECB tone,European shares rises, Gold dips, Oil inches higher as upbeat demand outlook counters supply concerns-May 28th,2021
Europe Roundup: Sterling dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,2021
America’s Roundup: Dollar index slides to 4-1/2 month low, Wall Street ends slightly lower, Gold hits 4-1/2 month peak, Oil edges up as rising demand faces Iran supply worries-May 26th,2021
Europe Roundup: Euro dips as dollar firms ahead of U.S. jobs data, European stocks slip, Gold falls, Oil steady after sharp rise on improved demand picture-June 3rd,2021
Europe Roundup: Sterling edges lower against dollar after UK GDP data fails to impress, European stocks extend gains, Gold eases, Oil rises to fresh multi-year highs on demand recovery-June 11th,2021
Europe Roundup: Sterling was largely unmoved against dollar, European shares gain, Gold slides over 1%,Oil gains as demand improves, supplies shrinks-June 14th,2021
America’s Roundup: Dollar gains as currency investors seek aggressive central banks, Wall Street little changed, Gold slips, Oil hits multi-year highs-June 12th,2021
Europe Roundup: Euro dips as dovish ECB comments weighs, European shares near record high, Oil steady as Iranian supply prospect offsets demand optimism-May 26th,2021
Europe Roundup: Sterling consolidates near 1.2800 amid persisting Brexit concerns, euro tumbles ahead of Spanish election, greenback at 3-week peak on U.S.-China trade hopes - Friday, November 8th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rallied to a 3-week high ahead of the University of Michigan consumer survey in the United States. Investors expect the survey to rise slightly higher to 95.9 in November from 95.5 in October. The greenback against a basket of currencies traded 0.2 percent up at 98.29, having touched a high of 98.30 earlier, its highest since October 16.
EUR/USD: The euro slumped to an over 3-week low as investors remained cautious ahead of the Spanish election on Sunday, the country’s fourth election in four years. The European currency traded 0.1 percent down at 1.1037, having touched a low of 1.1034 earlier, its lowest since October 16. Immediate resistance is located at 1.1096 (5-DMA), a break above targets 1.1123. On the downside, support is seen at 1.1022, a break below could drag it below 1.1002.
USD/JPY: The dollar rallied after officials on Thursday said that China and the United States have agreed to roll back tariffs on each others’ goods if the first phase of a trade deal is reached between the countries. The major was trading 0.1 percent up at 109.28, having hit a high of 109.48 on Thursday, its highest since May 31. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. wholesale inventories, Michigan prelim consumer sentiment index and Fed Brainard's speech. Immediate resistance is located at 109.62 (May 31 High), a break above targets 109.92 (May 30 High). On the downside, support is seen at 108.82 (5-DMA), a break below could take it near at 108.45.
GBP/USD: Sterling consolidated above the 1.2800 handle as investors await political developments ahead of Britain’s December 12 election. The major traded flat at 1.2805, having hit a low of 1.2794 on Thursday, it’s lowest since October 24. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2874 (10-DMA), a break above could take it near 1.2949 (October 24 High). On the downside, support is seen at 1.2748, a break below targets 1.2700. Against the euro, the pound was trading flat at 86.15 pence, having hit a high of 85.85 on Tuesday, it’s highest since October 22.a
USD/CHF: The Swiss franc declined, hovering towards a 3-week low hit in the previous session, after mixed signals on U.S.-China trade left investors uncertain on whether the two sides were really getting close to signing a deal. The major trades at 0.1 percent up at 0.9963, having touched a high of 0.9975 earlier, it’s highest since October 16. On the higher side, near-term resistance is around 0.9983 and any break above will take the pair to the next level till 1.0007. The near-term support is around 0.9929, and any close below that level will drag it till 0.9906 (5-DMA).
European shares slumped weighed down by doubts over the broader outlook for global growth and President Donald Trump’s willingness to come to terms with Beijing over trade.
The pan-European STOXX 600 index plunged 0.3 percent at 405.37 points, while the FTSEurofirst 300 declined 0.3 percent to 1,589.32 points.
Britain's FTSE 100 trades 0.3 percent down at 7,387.53 points, while mid-cap FTSE 250 eased 0.3 to 20,372.36 points.
Germany's DAX eased 0.2 percent at 13,264.83 points; France's CAC 40 trades 0.2 percent lower at 5,879.16 points.
Crude oil futures declined amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute and rising crude inventories in the U.S. International benchmark Brent crude was trading 1.5 percent down at $61.31 per barrel by 1044 GMT, having hit a low of $61.19 earlier, its lowest since November 1. U.S. West Texas Intermediate was trading 1.5 percent down at $56.22 a barrel, after falling as low as $56.06 earlier, its lowest since November 4.
Gold prices plunged and were set for their biggest weekly decline in 2-1/2-years as optimism for a China U.S. trade deal boosted risk-on sentiment. Spot gold was trading 0.1 percent down at $1,466.31 per ounce by 1047 GMT and was poised for its biggest weekly decline since May 2017. U.S. gold futures were up 0.2 percent at $1,470.10 per ounce.
The U.S. Treasuries gained during the afternoon session amid a muted trading day that witnessed data of little economic significance. However, a speech by Federal Open Market Committee (FOMC) member Brainard, due to be delivered today at 13:30GMT, shall provide further direction into the debt market. The yield on the benchmark 10-year Treasury yield slipped nearly 1-1/2 basis points to 1.909 percent, the super-long 30-year bond yield suffered 2 basis points to 2.380 percent and the yield on the short-term 2-year traded nearly 1 basis point lower at 1.670 percent.
The German bunds remained flat during European trading session after the country’s trade balance for the month of September cheered market investors amid ongoing Brexit uncertainties. The German 10-year bond yield, which move inversely to its price, hovered around -0.247 percent, the yield on 30-year note remained flat at 0.254 percent while the yield on short-term 2-year traded tad down at -0.623 percent.
The Australian government bonds during Asian session of the last trading day of the week after risk sentiments were lifted, following trade deal optimism amid ongoing Brexit uncertainties. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, jumped 8-1/2 basis points to 1.296 percent, the yield on the long-term 30-year bond surged 8 basis points to 1.878 percent and the yield on short-term 2-year gained 2 basis points to 0.893 percent.