America's Roundup: Dollar dips as U.S.-China trade negotiations begin, Wall Street gain,Gold slips, Oil prices rise as OPEC pledges decision on supply-October 11th,2019
Asia Roundup: Antipodeans off-highs on soft Chinese trade data, greenback rebounds on U.S.-China trade optimism, Asian shares surge - Monday, October 14th, 2019
America’s Roundup: Dollar slips versus yen as trade tensions weigh, Wall Street dips,Gold rises, Oil falls on U.S.-China talks-Oct 9th,2019
Asia Roundup: Kiwi rallies on upbeat economic data, dollar gains against yen ahead of U.S.-China trade talks, Asian shares nudge higher - Tuesday, October 8th, 2019
Europe Roundup: Sterling at 1-week low amid prevailing no-deal Brexit fears, euro gains on better-than-expected German industrial data, European shares plunge - Tuesday, October 8th, 2019
America’s Roundup: Dollar flat after FOMC meeting minutes,Wall Street advances, Gold little changed, Oil rises on signs of warming U.S.-China tensions-Oct 10th,2019
Asia Roundup: Aussie gains on upbeat jobs data, greenback rebounds on U.S. Treasury Secretary Steven Mnuchin's comments, Asian shares surge - Thursday, October 17th, 2019
Asia Roundup: Kiwi steadies as RBNZ rate cut concerns ease, yen rallies amid caution over U.S.-China trade talks, Asian shares surge - Monday, October 7th, 2019
Europe Roundup: Sterling rallies as EU Barnier's comments stoke Brexit deal hopes, euro plunges as German investor sentiment deteriorates, European shares surge - Tuesday, October 15th, 2019
Europe Roundup: Sterling eases on Brexit concerns, dollar gains against yen on U.S.-China trade deal hopes, European shares surge - Wednesday, October 9th, 2019
Asia Roundup: Yen eases as investors eye U.S.-China trade talks, greenback steadies on Fed Chair Powell's comments, Asian shares tumble - Wednesday, October 9th, 2019
America's Roundup: Dollar drops to more than one-month low ,Wall Street gains, Gold rises, Oil falls, fanned by inventory rise and global demand worries-October 18th,2019
Asia Roundup: Kiwi eases on RBNZ rate cut expectations, dollar off highs against yen on Hong Kong worries, investors eye EZ CPI figures - Wednesday, October 16th, 2019
America’s Roundup: Dollar weak as Brexit deal boosts euro, sterling, Wall Street dips, Gold dips, Oil falls as China economic concerns outweigh rising refinery runs-October 11th, 2019
Europe Roundup: Sterling rallies as UK-EU agree on new Brexit deal, dollar rallies against yen amid developments on U.S.-China trade talks, European shares surge - Thursday, October 17th, 2019
Asia Roundup: Aussie gains on upbeat economic data, dollar at 1-week peak against yen on trade deal hopes, investors eye UK GDP figures - Thursday, October 10th, 2019
Europe Roundup: Sterling eases ahead of parliamentary vote on Brexit delay, euro slumps as Ifo slashes German growth projections, European shares at 5-month peak - Thursday, March 19th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index bounced back from an over 1-week low after Bloomberg reported that a meeting between U.S. President Donald Trump and Chinese President Xi Jinping was more likely to take place in April at the earliest. The greenback against a basket of currencies traded 0.3 percent up at 96.72, having touched a low of 96.39 on Wednesday, its lowest since March 4. FxWirePro's Hourly Dollar Strength Index stood at 47.22 (Neutral) by 1000 GMT.
EUR/USD: The euro plunged from an over 1-week peak hit in the prior session after German Ifo institute cut its 2019 growth forecast for Germany to 0.6 percent from 1.1 percent due to weaker foreign demand for industrial goods. The European currency traded 0.2 percent down at 1.1306, having touched a high of 1.1338 on Wednesday, its highest since Mar. 5. FxWirePro's Hourly Euro Strength Index stood at 9.41 (Neutral) by 1000 GMT. Immediate resistance is located at 1.1367 (78.6% retracement of 1.1176 and 1.1496), a break above targets 1.1408 (March 1 High). On the downside, support is seen at 1.1297 (10-DMA), a break below could drag it till 1.1256 (5-DMA).
USD/JPY: The dollar rallied to a 1-week peak as risk sentiment improved after Britain's parliament removed a key source of uncertainty by rejecting a no-deal Brexit. The major was trading 0.4 percent up at 111.60, having hit a high of 111.73 earlier, its highest since March 8. FxWirePro's Hourly Yen Strength Index stood at -70.16 (Bearish) by 1000 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of U.S. unemployment benefit claims, export and import price index, and new home sales. Immediate resistance is located at 111.85 (Mar. 7 High), a break above targets 112.13 (Mar. 5 High). On the downside, support is seen at 110.66 (Feb.28 Low), a break below could take it lower at 110.35 (Feb.27 Low).
GBP/USD: Sterling slumped from a 9-month peak recorded yesterday as investors remained in a cautious mood ahead of another crucial vote to extend the Brexit deadline later in the day. On Wednesday, British lawmakers voted against a potentially disorderly no-deal departure from the European Union that sent the pair over the 1.3300 handle. The major traded 0.7 percent down at 1.3231, having hit a high of 1.3380 on Wednesday; it’s highest since June 14. FxWirePro's Hourly Sterling Strength Index stood at 17.98 (Neutral) 1000 GMT. Immediate resistance is located at 1.3380 (Mar. 13 High), a break above could take it near 1.3446 (June 14 High). On the downside, support is seen at 1.3166 (Mar. 4 Low), a break below targets 1.3097 (Mar. 5 Low). Against the euro, the pound was trading 0.6 percent down at 85.44 pence, having hit a high of 84.71 on Wednesday, it’s highest since May 2017.
USD/CHF: The Swiss franc eased, retreating from an over 1-week high touched in the previous session, as the greenback rebounded on the back of better-than-expected U.S. core capital goods orders. The major trades 0.05 percent up at 1.0043, having touched a low of 1.0026 on Wednesday; it’s lowest since March 5. FxWirePro's Hourly Swiss Franc Strength Index stood at 74.47 (Bullish) by 1000 GMT. On the higher side, near-term resistance is around 1.0082 (5-DMA) and any break above will take the pair to next level till 1.0124 (Mar. 7 High). The near-term support is around 1.0001 (February 19 Low), and any close below that level will drag it till 0.9983 (February 25 Low).
European shares advanced to a 5-month high in early deals after the British parliament voted to reject a disorderly Brexit.
The pan-European STOXX 600 index surged 0.5 percent at 377.49 points, while the FTSEurofirst 300 index rallied 0.4 percent to 1,482.20 points.
Britain's FTSE 100 trades 0.5 percent up at 7,195.58 points, while mid-cap FTSE 250 rose 0.8 to 19,334.58 points.
Germany's DAX fell 0.05 percent at 11,566.77 points; France's CAC 40 trades 0.5 percent higher at 5,330.00 points
Crude oil prices surged to 4-months highs, as a production curb agreement by OPEC and its partners along with U.S. sanctions on Iran and Venezuela tightened global supplies. International benchmark Brent crude was trading 0.3 percent down at $67.44 per barrel by 1037 GMT, having hit a high of $68.11 earlier, its highest since Nov. 16. U.S. West Texas Intermediate was trading 0.3 percent lower at $58.14 a barrel, after rising as high as $58.65, its highest since the Nov. 13.
Gold prices declined from a 2-week high hit in the previous session as the dollar regained some ground. Spot gold was 0.8 percent down at $1,298.86 per ounce as of 1040 GMT, having touched a high of $1,311.18 on Wednesday, its highest since March 1. U.S. gold futures also dipped 0.5 percent, to $1,302.40 an ounce.
The U.S. Treasuries suffered during afternoon session ahead of the country’s weekly initial jobless claims, scheduled to be released today by 12:30GMT. The yield on the benchmark 10-year Treasury yield rose nearly 2-1/2 basis points to 2.632 percent, the super-long 30-year bond yields surged 1-1/2 basis points to 3.024 percent and the yield on the short-term 2-year also traded 1-1/2 basis points up at 2.469 percent.
The United Kingdom’s gilts plunged during the afternoon session after the House of Commons voted last night to reject a no-deal Brexit. Investors will now keep a close eye on the British Parliament’s vote on an extension of Brexit date, to be held later today. The yield on the benchmark 10-year gilts, jumped nearly 3-1/2 basis points to 1.232 percent, the super-long 30-year bond yields surged 2 basis points to 1.750 percent and the yield on the short-term 2-year climbed 2-1/2 basis points to 0.780 percent.
The German bunds slipped during European session after investors have largely shrugged-off the lower-than-expected reading of the country’s consumer price inflation (CPI) data for the month of February, released today. The German 10-year bond yields, which move inversely to its price, rose nearly 1-1/2 basis points to 0.076 percent, the yield on 30-year note traded tad higher at 0.739 percent and the yield on short-term 2-year traded 1 basis point higher at -0.541 percent.
The Japanese government bonds remained flat during Asian session amid a muted trading session that witnessed data of little economic significance. The yield on the benchmark 10-year JGB note, which moves inversely to its price, hovered around -0.042 percent, the yield on the long-term 30-year barely slipped to 0.568 percent and the yield on short-term 2-year too edged tad lower to -0.157 percent.