Asia Roundup: Antipodeans await coronavirus clarity, euro consolidates near 3-year low on growth concerns, Asian shares nudge higher - Monday, February 17th, 2020
Europe Roundup: Sterling falls for fourth day as dollar, EU talks offset retail bounce ,European shares muted, Gold eases, Oil holds near one-month high-February 20th,2020
Asia Roundup: Aussie eases following RBA meeting minutes, yen surges as coronavirus concerns linger, investors eye German ZEW survey- Tuesday, February 18th, 2020
America’s Roundup: Dollar index hits highest since May 2017, Wall Street drops, Gold climbs to 7-year high, Oil prices rise as U.S. crude stocks build less than expected-February 21st,2020
Europe Roundup: Sterling rises higher on reassuring UK factory data, European shares fall, Gold at seven-year high, Oil falls 1%-February 21st,2020
Europe Roundup: Euro drops against dollar after bleak German investor survey,European shares slump, Gold rises, Oil drops below $57 on coronavirus impact and OPEC+ delay-February 18th,2020
Europe Roundup: Sterling recovers from 2-1/2 month low against dollar, European shares edge lower, Gold steadies, Oil slips on weaker Chinese demand, traders await OPEC+ cuts-February 10th,2020
Asia Roundup: Kiwi rallies on RBNZ's hawkish stance, dollar gains against yen as new virus cases fall, Asian shares surge - Wednesday, February 12th, 2020
America’s Roundup: Dollar dips on virus concerns and consumer data, Wall Street dips, Gold eases, Oil prices rise more than 1%, on course for weekly gain-February 15th,2020
America’s Roundup: Dollar slips as U.S. data disappoints, Gold surges 1.5%, Oil retreats in face of renewed coronavirus uncertainties-February 22nd, 2020
America’s Roundup: Dollar gains on optimism coronavirus will be contained,Wall Street rises, Gold hits one-week low, Oil rises 3% as demand worries ease amid fewer new coronavirus cases-February 13th,2020
Europe Roundup: Sterling firms above 2-1/2 month lows vs dollar, European shares hit record high,Gold eases, Oil rises 2%-February 12th,2020
Asia Roundup: Antipodeans ease amid virus scare, euro near 3-year lows on weak growth outlook, investors eye EZ prelim GDP figures - Friday, February 14th, 2020
America’s Roundup: Dollar gains against euro on virus concerns, economic outlook, Wall Street ends higher, Gold hits one-week high, Oil drops to 13-month low-February 11th,2020
Asia Roundup: Aussie rebounds on upbeat Chinese PPI, dollar rallies against yen following robust U.S. jobs data, Asian shares slump- Monday, February 10th, 2020
Asia Roundup: Kiwi declines on RBNZ governor Adrian Orr's comments, dollar off highs against the yen as China virus fears return, Asian shares ease - Thursday, February 13th, 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
• French CPI (YoY) 1.5%,1.4% forecast, 1.0% previous
• French Dec CPI (MoM) 0.5%,0.4% forecast, -0.1% previous
• French Dec HICP (MoM) 0.5%,0.5% forecast, 0.1% previous
• Spanish Dec CPI (MoM) -0.1% , -0.1% forecast ,0.2% previous
• Spanish Dec CPI (YoY) 0.8%,0.8% forecast, 0.5% previous
• Spanish Dec HICP (MoM) -0.1%,-0.1% forecast, 0.0% previous
• German GDP Annual 0.60%,0.60% forecast, 1.50% previous
• UK Dec Core CPI MoM (MoM) 0.0%,0.2% forecast, 0.2% previous
• UK Dec Core CPI (YoY) 1.4%,1.7% forecast, 1.7% previous
• UK Dec CPI (YoY) 1.3% ,1.5% forecast, 1.5% previous
• UK Dec CPI (MoM) 0.0%,0.2% forecast, 0.2% previous
• UK Dec PI Input (MoM) 0.1%,0.3% forecast, 0.5% previous
• EU Nov Industrial Production (MoM) 0.2%,0.3% forecast, -0.9% previous
• EU Nov Industrial Production (YoY) -1.5%,-1.1% forecast, -2.6% previous
• EU Nov Trade Balance 20.7B, 23.3B forecast, 28.0B previous
Looking Ahead - Economic Data (GMT)
• 13:00 Russia Central Bank Reserves (USD) 549.8B previous
• 13:30 US Dec Core PPI (MoM) 0.2%,-0.2% previous
• 13:30 US Jan NY Empire State Manufacturing Index 3.55, 3.50 previous
• 13:30 US Dec PPI (MoM) 0.2%,0.0% previous
• 15:30 US Crude Oil Inventories -0.474M, 1.164M previous
Looking Ahead - Events, Other Releases (GMT)
• 16:00 US FOMC Member Harker Speech
• 17:00 US FOMC Member Kaplan Speech
EUR/USD: The euro edged higher against the U.S. dollar on Wednesday, as investors awaited the signing of a U.S.-China trade deal. U.S. President Donald Trump is slated to sign the Phase 1 trade agreement with Chinese Vice Premier Liu He at the White House at 1630 GMT.Washington has already agreed to suspend tariffs on $160 billion of some Chinese-made electronics, and to halve existing tariffs on $120 billion of other goods to 7.5%.But it will leave in place 25% tariffs on a vast, $250 billion array of Chinese industrial goods and components used by U.S. manufacturers. The euro was up 0.19 percent at $1.1148. Immediate resistance can be seen at 1.1157 (Daily High), an upside break can trigger rise towards 1.1200 (Psychological level).On the downside, immediate support is seen at 1.1133 (21 DMA), a break below could take the pair towards 1.1065 (100 DMA).
GBP/USD: Sterling edged lower against dollar on Wednesday, after data showed UK inflation rose at its weakest rate in three years, ramping up expectations of a rate cut from the Bank of England at its January meeting. Consumer prices rose at an annual rate of 1.3% in December compared with 1.5% in November, marking the smallest increase since November 2016. The pound fell as much as 0.25% against the U.S. dollar to $1.2985 following the inflation release and was last at $1.3008. Immediate resistance can be seen at 1.3063 (5 DMA), an upside break can trigger rise towards 1.3098 (11 DMA).On the downside, immediate support is seen at 1.2961 (50 DMA), a break below could take the pair towards 1.2900 (Psychological level).
USD/CHF: The dollar declined against the Swiss franc on Wednesday, as investors awaited a China-U.S. trade deal they hope will spur world growth. Investors were keenly awaiting the details of the Phase 1 agreement. A source on Tuesday said China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a truce, though some U.S. trade experts call it an unrealistic target. At (GMT 12:08), Greenback fell 0.20% versus the Swiss franc to 0.9653. Immediate resistance can be seen at 0.9696 (5 DMA), an upside break can trigger rise towards 0.9742 (21 DMA).On the downside, immediate support is seen at 0.9637 (Lower BB), a break below could take the pair towards 0.9600 (Psychological level).
USD/JPY: The dollar strengthened against the Japanese yen on Wednesday, as euphoria over a U.S.-China trade deal was tempered by U.S. Treasury Secretary Steven Mnuchin saying tariffs on Chinese goods would remain in place for now.. Treasury Secretary Steven Mnuchin late on Tuesday said that the United States would keep in place its tariffs on Chinese goods until the completion of a second phase trade agreement. The 18-month trade spat should enter a quieter phase as U.S. President Donald Trump and Chinese Vice Premier Liu He sign an initial agreement that would boost Chinese purchases of U.S. manufactured and agricultural goods, energy and services. Strong resistance can be seen at 110.25 (Higher BB), an upside break can trigger rise towards 110.67 (22nd May high).On the downside, immediate support is seen at 109.75 (5 DMA), a break below could take the pair towards 109.19 (9 DMA).
European shares were flat on Wednesday ahead of the signing of an initial trade deal between Washington and Beijing, as comments from the U.S. Treasury Secretary on China tariffs somewhat dimmed optimism.
At (GMT 12:25),UK's benchmark FTSE 100 was last trading higher at 0.19 percent, Germany's Dax was down by 0.11 percent, France’s CAC was last down by 0.13 percent.
Gold prices rose on Wednesday as investors sought safer assets amid uncertainty about the effectiveness of the U.S.-China Phase 1 trade deal after a top U.S. official said tariffs on Chinese goods would stay in place even after the agreement is signed.
Spot gold rose 0.3% to $1,551.38 per ounce by 0332 GMT. Prices fell to their lowest since Jan. 3 at $1,535.63 on Tuesday. U.S. gold futures gained 0.5% to $1,552.30.
Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese goods until a second phase.
Brent crude was down 19 cents, or 0.3%, at $64.30 per barrel by 0428 GMT. U.S. West Texas Intermediate crude futures were down 19 cents, or 0.3%, at $58.04 a barrel.
Euro zone bond yields fell from two-week highs on Wednesday after the U.S. Treasury Secretary said tariffs would remain in place following the signing of an initial U.S.-China trade deal, injecting some caution into markets.
The 10-year German bond yield fell 3 basis points in early trade on Wednesday to -0.199%, still not too far off the more than six-month highs of -0.157% touched at the start of January. The French 10-year yield weakened 3 basis points to 0.051%.