America’s Roundup: Dollar gains as traders balance virus, economic reports, Wall Street slips, Gold rises, Oil prices climb on prospects for deeper OPEC+ output cuts-February 14th,2020
Europe Roundup: Euro falls below key $1.08 level,European shares rise, Gold holds above $1,600, Oil rises amid hope for short economic hit from coronavirus outbreak-February 19th,2020
Europe Roundup: Sterling rebounds as recovery in risk appetite hits dollar, European shares dip,Gold retreats from seven-year high, Oil steadies above $56-February 25th,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
Europe Roundup: Sterling rises higher on reassuring UK factory data, European shares fall, Gold at seven-year high, Oil falls 1%-February 21st,2020
America’s Roundup: Dollar climbs as weak German data dents euro, Wall Street falls, Gold hits 1-month peak, Oil falls nearly 1% on virus impact-February 19th,2020
Europe Roundup: Euro dips coronavirus outbreak’s pace sparks new fears, European shares slump, Gold jumps over 2%, Oil prices drop 4%-February 24th,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
America’s Roundup: U.S. dollar falls as Fed rate cut expectations rise,Wall Street deepens losses, Gold retreats, Oil slips as virus fears outweigh supply cuts-February 26th,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
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
America’s Roundup: Dollar pushes higher as virus spreads, Wall Street sinks, Gold gains as much as 2.8%, Oil slumps 5%-February 25th, 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
Asia Roundup: Aussie eases following RBA meeting minutes, yen surges as coronavirus concerns linger, investors eye German ZEW survey- Tuesday, February 18th, 2020
Europe Roundup:Sterling weakens on rate-cut expectations, European shares fall,Gold gains, U.S. crude drops below $50-February 26th,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 falls as slowing growth increases rate cut speculation,European shares flat, Gold slips 1% . Oil steady as fears over U.S.-Iran conflict ease-January 13th, 2020
• German Dec WPI (MoM) 0.0%,-0.1% previous
• German Dec WPI (YoY) -1.3%,-2.5% previous
• Italian Nov Retail Sales (MoM) -0.2%,.-0.3% previous
• Italian Nov Retail Sales (YoY) 0.9%,1.0% previous
• Russian Jan Forex Intervention 309.9B, 235.0B forecast, 195.5B previous
• U.K. Nov Construction Output (YoY) 2.0%,-1.4% forecast,-0.3% previous
• U.K GDP (YoY) 0.6%,1.0% previous
• U.K GDP (MoM) -0.3%,0.1% previous
• U.K Nov Industrial Production (MoM) -1.2%,-0.1% forecast 0.4% previous
• U.K Nov Manufacturing Production (MoM) -1.7%,-0.3% forecast, 0.5% previous
• U.K Monthly GDP 3M/3M Change 0.1%,-0.1% forecast, 0.2% previous
Looking Ahead - Economic Data (GMT)
• 15:00 US Dec CB Employment Trends Index 110.20 previous
• 21:00 US Dec Federal Budget Balance -196.5B, -209.0B previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against the U.S. dollar on Monday, as dollar was supported by optimism on the US-China trade deal. A U.S.-China trade deal is due to be signed at the White House on Wednesday, though talks on a phase two package are likely to drag on for months. The euro was up 0.02 percent at $1.1108. An index that tracks the dollar versus a basket of six major currencies was down 0.11 at 97.42 on Monday. Immediate resistance can be seen at 1.1136 (Daily High), an upside break can trigger rise towards 1.1150 (9 DMA).On the downside, immediate support is seen at 1.1091 (50 DMA), a break below could take the pair towards 1.1000 (Psychological level).
GBP/USD: Sterling declined against dollar on Monday, after data showed Britain’s economy grew at its weakest annual pace in more than seven years in November. Data showed UK economy in November grew just 0.6% from a year before, the weakest expansion since June 2012, down from annual growth of 1.0% in October, which was an upward revision from previously reported data. The pound fell to $1.2975, down 0.64 percent on the day. Immediate resistance can be seen at 1.3059 (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 was little changed against the Swiss franc on Monday, as investors awaited signing of phase 1 China-U.S. trade deal. The main event of the week will be the signing of the Phase 1 trade deal between the United States and China on Wednesday. The Trump administration has invited at least 200 people to the White House for the ceremony.Greenback fell 0.1% versus the Swiss franc to 0.9772. Immediate resistance can be seen at 0.9737 (Daily high), an upside break can trigger rise towards 0.9763 (Jan 10th high).On the downside, immediate support is seen at 0.9714 (11 DMA), a break below could take the pair towards 0.9664 (Jan 20th low).
USD/JPY: The dollar strengthened against the Japanese yen on Monday, as signing of a preliminary U.S.-China trade deal decreaed demand for safe haven yen. The U.S.-China Phase 1 agreement, due to be signed at the White House on Wednesday, marks the first step toward ending a damaging 18-month trade dispute between the world’s two largest economies. The dollar was last up 0.4% at 109.87 yen, after earlier hitting 109.48 yen, its highest since Dec. 30. Strong resistance can be seen at 109.92 (Daily high), an upside break can trigger rise towards 110.08 (Higher BB).On the downside, immediate support is seen at 109.30 (5 DMA), a break below could take the pair towards 108.93 (11 DMA).
European shares started Monday on a subdued note as markets awaited the signing of a Sino-U.S. trade deal later in the week, while technology stocks rose on a clutch of brokerage upgrades and price-target bumps.
At (GMT 12:56),UK's benchmark FTSE 100 was last trading higher at 0.31 percent, Germany's Dax was down by 0.10 percent, France’s CAC finished was up by 0.11 percent.
Gold prices fell 1% on Monday as optimism in equity markets ahead of the signing of an interim U.S.-China trade deal and lack of further escalation in Middle East tensions diminished bullion’s safe-haven appeal.
Spot gold dipped 0.7% to $1,551.25 per ounce as of 1101 GMT, having fallen 1% to $1,546.27 earlier in the session.U.S. gold futures fell 0.5% to $1,552.10.
Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and demand.
Brent crude was up 1 cents at $64.99 per barrel at 0737 GMT, while West Texas Intermediate (WTI) crude was up 5 cents at $59.09 a barrel from the previous session.
U.S.: The U.S. Treasuries suffered during Monday’s afternoon session ahead of the country’s consumer price inflation (CPI) for the month of December, scheduled to be released today by 13:30GMT and FOMC member Williams’ speech, also due today by 14:00GMT. The yield on the benchmark 10-year Treasury yield surged nearly 2 basis points to 1.844 percent, the super-long 30-year bond yield jumped 2 basis points to 2.305 percent and the yield on the short-term 2-year gained 1 basis point to 1.582 percent.
UK: The United Kingdom’s gilts surged during European trading hours Monday after the country’s gross domestic product (GDP) for the month of December sharply declined, accompanied by a similar fall in Britain’s November manufacturing production. Investors will however, now, keep a close eye on the consumer price inflation (CPI) for December and the retail sales, all due for release later this week for further direction in the debt market. The yield on the benchmark 10-year gilts, slumped nearly 3 basis points to 0.744 percent, the 30-year yield edged tad 1/2 basis point down to 1.252 percent and the yield on the short-term 2-year plunged over 6 basis points to 0.476 percent
EUR: The German bunds slid during European trading session Monday amid silent trading hours that witnessed data of little economic significance ahead of eurozone’s industrial production and trade balance data for the month of November, scheduled to be released on January 15 by 10:00 GMT. The German 10-year bond yield, which moves inversely to its price, gained 1-1/2 basis points to -0.215 percent, the yield on 30-year note jumped 2-1/2 basis points to 0.342 percent and the yield on short-term 2-year traded 1 basis point higher at -0.592 percent.
AUS: The Australian bonds jumped during Asian session of the first trading day of the week Monday, tracking a similar movement in the U.S. Treasuries after jobs report in the States for the month of December disappointed market sentiments, along with the weakest wage data in over a year. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped 4 basis points to 1.213 percent, the yield on the long-term 30-year bond plunged 5 basis point to 1.825 percent and the yield on short-term 2-year suffered 2 basis points to 0.798 percent.