Asia Roundup: Kiwi rallies to 19-month peak as investors await RBNZ policy meeting, dollar steadies against yen as risk sentiment improves, investors eye BoE Bailey's speech - Monday, November 9th, 2020
America’s Roundup: Dollar slips to two-month low, Wall Street rally, Gold trends higher, Oil falls 4% as U.S. vote count continues, coronavirus cases rise-November 7th,2020
Asia Roundup: Kiwi at 1-1/2 month peak as Q4 inflation expectations accelerate, greenback steadies amid U.S. election concerns, Asian shares at near 3-year peak - Friday, November 6th, 2020
Asia Roundup: Antipodeans steady near recent peaks, dollar holds firm against yen as investors applaud vaccine development, Asian shares surge - Tuesday, November 10th, 2020
America’s Roundup: Dollar falls on talk of new U.S. stimulus, Wall Street closes higher, Gold slips, Oil prices slip as surge in virus cases raises concerns about demand-November 20th,2020
Asia Roundup: Antipodeans ease on risk aversion, yen gains as virus spread accelerates, Asian shares slump - Friday, November 13th, 2020
Asia Roundup: Kiwi at 20-month peak as negative rate speculations ease, yen gains as investors adjust vaccine expectations, Asian shares surge - Thursday, November 20th, 2020
Asia Roundup: Aussie at 1-week peak following RBA minutes, dollar slumps against yen amid worries about second coronavirus wave, Biden transition; Asian shares surge on vaccine hopes - Tuesday, November 17th, 2020
America’s Roundup: Dollar index drops as boost from vaccine eases, Wall Street rises, Gold gains, Oil falls on rising Libya output, coronavirus surge-November 14th,2020
Europe Roundup:Sterling gains against dollar on Brexit, vaccine hopes, European shares hover at eight-month highs, Gold prices gain, Oil prices drop as near-term demand concerns overshadow COVID-19 vaccine hopes-November 10th,2020
America’s Roundup: Dollar rises again as markets adjust to vaccine hope and higher yields, Wall Street ends mixed, Gold inches up, Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown-November 12th,2020
America’s Roundup: Dollar little changed by optimistic news on another COVID vaccine, Wall Street gains, Gold slides 1%, Oil settles higher boosted by latest COVID-19 vaccine progress-November 17th,2020
Europe Roundup: Sterling dips against Brexit deadlock weighs,European shares gains, Gold edges up, Brent oil hits $45 on hopes for COVID-19 vaccine, U.S. crude stock draw-November 11th,2020
America’s Roundup:Dollar gains against yen as Pfizer vaccine news boosts risk appetite, Wall Street ends mixed, Gold plunges 5%, Oil soars 8% on promising COVID-19 vaccine results-November 10th,2020
Europe Roundup:Euro gains on vaccine cheer, European shares gain, Gold slips, Oil prices rise on back of COVID vaccine news-November 23rd,2020
Europe Roundup: Sterling edges higher on renewed Brexit deal hopes,European shares higher, Gold edges lower,Oil set for third week of gains on vaccine hopes-November 20th,2020
Europe Roundup: Sterling gains on weaker dollar, Brexit hopes, European shares dips,Gold hits 1-month peak, Oil steady as a rise in virus cases counters tighter supplies-June 22nd 2020
• UK June CBI Industrial Trends Orders -58, -62 previous
• Portuguese April Current Account -1.579B, -1.119B previous
• US Chicago May Fed National Activity 2.61, -16.74 previous
• French 12-Month BTF Auction-0.526%,-0.496% previous
• French 6-Month BTF Auction -0.529%,-0.507% previous
• French 3-Month BTF Auction -0.551%,-0.510% previous
• EU June Consumer Confidence -14.7, -15.0 forecast, -18.8 previous
• US May Existing Home Sales (MoM) -9.7%,-3.0% forecast, -17.8% previous
• US May Existing Home Sales 3.91M, 4.12M forecast, 4.33M previous
Looking Ahead - Events, Other Releases (GMT)
• 15:30 US 6-Month Bill Auction 0.185% previous
• 15:30 US 3-Month Bill Auction 0.175% previous
Looking Ahead - Events, Other Releases (GMT)
• 16:30 EU ECB's Lane Speaks
• 22:30 US FOMC Member Kashkari Speaks
EUR/USD: The euro gained against dollar on Monday as investors shrugged off worries that rising coronavirus infections in parts of Europe and the United States over the weekend could scupper a quick economic rebound. Torn between record stimulus and growing fears of a second wave of infections, stocks have been moving sideways in recent weeks after rising more than 40% from March lows on hopes the worst of the pandemic was over. Immediate resistance can be seen at 1.1261 (23.6% fib), an upside break can trigger rise towards 1.1289 (23.6% fib).On the downside, immediate support is seen at 1.1164 (38.2% fib), a break below could take the pair towards 1.1100(Psychological level).
GBP/USD: Sterling rose against dollar on Monday, recovering from a three-week low during Asian trading, helped by a weaker dollar, hopes of a Brexit trade deal and expectations of better economic data. Britain has until the end of the year to sign a new trade agreement with the European Union, when a transition period following its exit from the bloc comes to an end. Although much remains to be discussed, both parties have signalled progress. The pound was last up 0.3% at $1.2386, having fallen earlier to $1.2337, its lowest since June 1. Against the euro, sterling was flat at 90.46 pence. Immediate resistance can be seen at 1.2462 (5 DMA),an upside break can trigger rise towards 1.2523 (38.2% fib)On the downside, immediate support is seen at 1.2311 (50% fib), a break below could take the pair towards 1.2228 (Lower BB).
USD/CHF: The dollar declined against the Swiss franc on Monday as rising coronavirus infections in parts of Europe and the United States increased demand for safe-haven assets. The pandemic is accelerating globally with the World Health Organization reporting a record increase in global coronavirus cases on Sunday. Immediate resistance can be seen at 0.9534 (50% fib), an upside break can trigger rise towards 0.9560 (21DMA).On the downside, immediate support is seen at 0.9444 (38.2% fib), a break below could take the pair towards 0.9416 (Lower BB).
USD/JPY: The dollar dipped against the Japanese yen Monday as demand for safe haven yen increased after the World Health Organization reported a record global increase in COVID-19 cases . New U.S. cases on Saturday hit the highest since early May, while the WHO reported on Sunday total cases rose by 183,020 in a 24-hour period. Fears of a second wave have also spurred safe-haven demand. Strong resistance can be seen at 107.05 (9 DMA), an upside break can trigger rise towards 107.23 (21DMA ).On the downside, immediate support is seen at 106.72 (50% fib ), a break below could take the pair towards 106.12(Lower BB).
European shares slipped on Monday as signs of a resurgence in coronavirus cases in Germany and elsewhere unnerved investors who were hoping for a swift economic recovery from the crisis.
At (GMT 13:30 ),UK's benchmark FTSE 100 was last trading down at 0.57 percent, Germany's Dax was down by 0.69 percent, France’s CAC finished was down by 0.54 percent.
Oil prices were steady on Monday, supported by tighter supplies from major producers but held in check by concerns about a record rise in global coronavirus infections that could stall a recovery in fuel demand.
Brent crude was down 8 cents, or 0.2%, at $42.11 a barrel by 1102 GMT. The West Texas Intermediate crude contract (WTI) for August , which became the day’s more active contract, fell 13 cents, or 0.3%, at $39.70.
Gold jumped to its highest in more than a month on Monday as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic recovery.
Spot gold was up 0.5% at $1,751.63 per ounce by 0650 GMT after hitting its highest since May 18. U.S. gold futures rose 0.7% to $1,764.50.
Euro zone government bond yields were little changed on Monday, with the market supported by news of rising coronavirus cases and hopes that changes to the composition of Germany’s top court could lead to less confrontation with the European Central Bank.
In early trade, yields on higher-rated euro zone bonds such as Germany, France and the Netherlands were all little changed on the day .Germany’s benchmark 10-year Bund yield traded at -0.42%, not too far off recent three-week lows.