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
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 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
Europe Roundup: Sterling down as Britain's economy struggles to maintain recovery ,European shares fall, Gold edges higher, Oil keeps climbing on hopes OPEC+ will hold back supply as COVID-19 cases rise-November 12th,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 hits three-week highs versus Japanese yen after vaccine news,Wall Street ends mixed, Gold gains,Oil gains nearly 3% on vaccine hopes, even as nations reimpose lockdowns-November 11th,2020
America’s Roundup: U.S. dollar weakens for fifth day on vaccine optimism, Wall Street closes lower, Gold slips, Oil gains 1% on potential OPEC+ rethink and vaccine hopes-November 19th,2020
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 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:Euro little changed against dollar as vaccine cheers fades ,European shares gain, Gold little changed,Oil rises on hopes for delay to OPEC+ supply increase-November 18th,2020
America’s Roundup: Dollar weakens on rising coronavirus case numbers, Wall Street closes lower, Gold range-bound, Oil steady as pandemic lockdown worries offset vaccine hopes-November 18th,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
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 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 steady near recent peaks, dollar holds firm against yen as investors applaud vaccine development, Asian shares surge - Tuesday, November 10th, 2020
Europe Roundup:Euro gains on optimism over another coronavirus vaccine, European shares slip, Gold dips, Oil prices rise on possible OPEC+ supply action, vaccine hopes-November 17th,2020
Europe Roundup: Sterling heads for first weekly win against dollar, European stocks dips, Gold holds steady, Oil falls below $43 on virus fears, still heads for weekly gain-July 3rd 2020
• Italian Jun Composite PMI 47.6, 33.9 previous
•Italian Jun Services PMI 46.4, 47.0 forecast, 28.9 previous
•French Jun Markit Composite PMI 51.7, 51.3 forecast, 32.1 previous
•French Jun Services PMI 50.7, 50.3 forecast, 31.1 previous
•German Jun Services PMI 47.3, 45.8 forecast, 32.6 previous
• German Jun Composite PMI 47.0, 45.8 forecast, 32.3 previous
• EU Jun Markit Composite PMI 48.5, 47.5 forecast, 31.9 previous
• EU Jun Services PMI 48.3, 47.3 forecast, 30.5 previous
•UK Jun Services PMI 47.1, 47.0 forecast, 29.0 previous
•UK Jun Composite PMI 47.7, 47.6 forecast, 30.0 previous
• Brazil June Markit Composite PMI 40.5, 28.1 previous
• Brazil June Markit Services PMI 35.9, 27.6 previous
Looking Ahead - Economic Data (GMT)
• No data ahead
Looking Ahead – Events and other releases (GMT)
• No significant events
EUR/USD: The euro edged lower against dollar on Friday robust U.S. payrolls data supported dollar, but a surge in coronavirus cases in the United States kept a lid on stronger gains. Nonfarm payrolls surged by 4.8 million jobs in June, above the average forecast of 3 million jobs in June, thanks to rises in the hard-hit hospitality sectors. A separate report on jobless claims, the most timely data on employment, showed the number of people receiving benefits after an initial week of aid actually rose 59,000 to 19.290 million in the week ending June 20. The euro fell 0.1% versus the dollar to $1.1239. Immediate resistance can be seen at 1.1289 (23.6% fib), an upside break can trigger rise towards 1.1300 (Psychological level).On the downside, immediate support is seen at 1.1214 (Daily low), a break below could take the pair towards 1.1168 (38.2 % fib).
GBP/USD: Sterling headed for its first positive week in four against the dollar on Friday, holding below the $1.25 mark as a week of negotiations between Britain and the European Union ended prematurely, with meetings expected to resume next week. The pound slipped briefly in morning trading in London, a move one analyst attributed to some spillover of political uncertainty in Europe following the resignation of French prime minister Eduoard Philippe and the appointment of his successor.By 1509 GMT, the pound was trading flat to the dollar at $1.2464. Immediate resistance can be seen at 1.2524 (38.2% fib), an upside break can trigger rise towards 1.2600 (Psychological level).On the downside, immediate support is seen at 1.2444 (100 DMA), a break below could take the pair towards 1.2400 (Psychological level).
USD/CHF: The dollar held gains against Swiss franc on Friday as dollar supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk. The U.S. economy added more jobs than expected in June, data showed on Thursday, but reaction in the currency market has been muted because another spike in coronavirus infections threatens to once again put the breaks on economic activity. The dollar held steady at 0.9460 Swiss franc after three straight days of gains. Immediate resistance can be seen at 0.9471 (Daily high), an upside break can trigger rise towards 0.9535 (50% fib).On the downside, immediate support is seen at 0.9448 (38.2% fib), a break below could take the pair towards 0.9419 (Lower BB).
USD/JPY: The dollar declined against the Japanese yen on Friday currency traders’ risk appetite was boosted only slightly by better-than-expected jobs data in the United States, as surging coronavirus cases continued to taper market optimism.U.S. payrolls surged on Thursday but the reaction in currencies was limited. Even after two months of job recovery from May, the U.S. economy has recovered just over a third of an historic plunge of 20.787 million jobs lost in April. Strong resistance can be seen at 108.09 (5 DMA), an upside break can trigger rise towards 108.30 (61.8% fib).On the downside, immediate support is seen at 107.27 (March 3rd low), a break below could take the pair towards 107.00 (Psychological level).
European stocks dipped on Friday after gains through the week as another record surge in U.S. coronavirus cases dulled optimism from a brisk recovery in China’s services sector.
UK's benchmark FTSE 100 closed down at 1.33 percent, Germany's Dax closed down at 0.64 percent, France’s CAC ended the day down by 0.85 percent.
Gold prices were little changed on Friday as worries over an accelerating number of coronavirus cases countered a fillip to risk sentiment from positive U.S. and Chinese economic data.
Spot gold was mostly unchanged at $1,774.33 per ounce by 10:33 a.m EDT (1433 GMT). Most U.S. markets are closed on Friday ahead of Independence Day on July 4.U.S. gold futures edged down 0.2% to $1,786.10 per ounce.
Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery.
Brent crude was down 56 cents, or 1.3%, at $42.58 a barrel by 1352 GMT, and U.S. West Texas Intermediate (WTI) crude fell 58 cents, or 1.4%, to $40.07.
Bunds were set to close their worst week in a month on Friday but analysts expect pressure to abate given uncertainty around the spread of the coronavirus and central bank support.
10-year German yields are up 4 basis points this week, set for their biggest weekly rise since the week ending June 5 .