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
America's Roundup: Dollar range-bound as trade optimism fades,Wall Street gains, Gold slips 1%,Oil falls on weaker economic growth forecasts-October 16th,2019
Asia Roundup: Antipodeans at 1-month peak as PBoC stands pat, dollar gains against yen on U.S.-China trade deal hopes, Asian shares rally - Monday, October 21st, 2019
Asia Roundup: Antipodeans ease on downbeat Chinese factory prices, dollar declines against yen as U.S.-China trade deal, Brexit hopes ebb, Asian shares nudge higher - Tuesday, October 15th, 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
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
Europe Roundup: Sterling breaks above 1.3000 on Brexit deal hopes, greenback rebounds amid U.S.-China trade deal optimism, Europe shares advance - Monday, October 21st, 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 consolidates near 5-month peak ahead of Brexit vote, euro declines on downbeat German economic data, European shares surge - Tuesday, October 22nd, 2019
Europe Roundup: Sterling at 3-month peak on Brexit deal hopes, dollar rallies against yen as investors eye U.S.-China trade talk outcome, European shares surge - Friday, October 11th, 2019
Asia Roundup: Antipodeans rally on U.S.-China trade optimism, greenback consolidates near multi-week lows ahead of Fed policy meeting Asian shares nudge higher amid holiday-thinned trading - Tuesday, October 22nd, 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
Europe Roundup: Sterling rebounds on better-than-expected GDP, dollar tumbles as U.S.-China talks resume, European shares plunge - Thursday, October 10th, 2019
Asia Roundup: Antipodeans rally on U.S.-China trade talks hopes, greenback at multi-week lows as soft CPI figures support Fed rate cut speculation, investors eye EBC Draghi’s speech - Friday, October 11th, 2019
Europe Roundup: Sterling steadies near 5-month peak, euro rallies as EZ current account surplus widens, European shares plunge - Friday, October 18th, 2019
Europe Roundup: Sterling eases as no-deal Brext fears persist; Swiss franc, yen gain as trade deal optimism ebb, European shares slump - Monday, October 14th, 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
Economic Data Ahead
Key Events Ahead
DXY: The dollar index edged lower as investors awaited U.S. consumer price index for the month of August, which is expected to accelerate by 0.1 percent, compared to 0.3 percent in July, amid expectations the Federal Reserve will cut interest rates at its meeting next week. The greenback against a basket of currencies traded 0.1 percent down at 98.53, having touched a low of 97.86 on Wednesday, its lowest since August 26.
EUR/USD: The euro steadied after falling to a 1-week low in the previous session, as traders prepared for the European Central Bank meeting at which policymakers are expected to ease policy to support flagging growth. The European currency traded 0.1 percent up at 1.1023, having touched a low of 1.1010 on Wednesday, its lowest since September 4. Immediate resistance is located at 1.1059 (21-DMA), a break above targets 1.1116 (August 27 High). On the downside, support is seen at 1.0963 (August 30 High), a break below could drag it below 1.0925 (September 3 Low).
USD/JPY: The dollar surged to near 1-1/2 month peak, amid improved risk appetite on hopes of a thaw in U.S.-China trade tensions. The major was trading 0.1 percent up at 108.87, having hit a high of 108.16 earlier, its highest since August 1. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. unemployment benefit claims, consumer price index and monthly budget statement. Immediate resistance is located at 108.37 (July 16 High), a break above targets 108.75 (July 25 High). On the downside, support is seen at 107.28 (5-DMA), a break below could take it lower at 106.76 (10-DMA).
GBP/USD: Sterling declined, extending previous session losses after a case arguing that a British exit from the European Union without a withdrawal agreement would contravene Northern Ireland’s 1998 peace accord was dismissed on all grounds by Belfast’s High Court. The major traded 0.1 percent down at 1.2317, having hit a high of 1.2384 on Monday, it’s highest since July 26. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.2353 (September 5 High), a break above could take it near 1.2384 (September 9 High). On the downside, support is seen at 1.2279 (September 6 Low), a break below targets 1.2236 (10-DMA). Against the euro, the pound was trading 0.2 percent down at 89.48 pence, having hit a high of 89.04 on Monday, it’s highest since July 25.
USD/CHF: The Swiss franc edged higher, retreating from a 6-week low hit in the previous session, as the market turned cautious ahead of the European Central Bank policy decision and President Mario Draghi’s press conference. The major trades 0.2 percent down at 0.9904, having touched a high of 0.9940 on Wednesday, it’s highest since August 1. On the higher side, near-term resistance is around 0.9949 (July 31 High) and any break above will take the pair to next level till 0.9975 (August 1 High). The near-term support is around 0.9882 (10-DMA), and any close below that level will drag it till 0.9813 (August 22 Low).
European shares eased, retreating from 6-week highs as investors widely expect another round of stimulus by the ECB to prop up an ailing eurozone economy.
The pan-European STOXX 600 index declined 0.05 percent at 389.56 points, while the FTSEurofirst 300 fell 0.05 percent to 1,531.05 points.
Britain's FTSE 100 trades 0.8 percent down at 7,332.00 points, while mid-cap FTSE 250 eased 0.2 to 19,950.15 points.
Germany's DAX rose 0.2 percent at 12,376.25 points; France's CAC 40 trades 0.05 percent lower at 5,616.03 points.
Crude oil prices eased, extending previous session losses, as the International Energy Agency pointed to the task of balancing the market next year amid surging U.S. supply and no movement toward deeper output cuts by OPEC and its allies. International benchmark Brent crude was trading 1.4 percent lower at $60.15 per barrel by 1049 GMT, having hit a high of $63.74 on Tuesday, its highest since August 1. U.S. West Texas Intermediate was trading 1.1 percent down at $55.31 a barrel, after rising as high as $58.74 on Tuesday, its highest since July 31.
Gold prices surged as investors turned cautious ahead of a European Central Bank meeting, where the central bank is expected to hint at monetary policy easing. Spot gold gained 0.4 percent to $1,502.76 per ounce at 1052 GMT, having touched a low of $1,483.22 on Wednesday, its lowest since August 13. U.S. gold futures rose 0.5 percent to $1,510.80.
The Euro zone bond yields remain deeply negative. The German 10-year bond yield was flat on the day at -0.57 percent. Bund yields are about 17 bps above early September’s record lows, but still down 80 bps this year.
The Japanese government bond prices were little changed amid rising hopes of easing U.S.-China tensions. The Benchmark 10-year JGB futures rose 0.11 points to 154.65. The 10-year JGB yield fell 0.5 basis points to minus 0.215 percent, off 1-month high of minus 0.200 percent. The two-year JGB yield fell 0.5 basis points to minus 0.285 percent, while the five-year yield fell 1 basis points to minus 0.305 percent, reversing earlier rise to -0.280 percent. The 20-year JGB yield fell 0.5 basis points to 0.150 percent. The 30-year JGB yield was flat at 0.285 percent while the 40-year JGB yield rose 0.5 basis point to 0.320 percent.