Asia Roundup: Antipodeans at multi-week lows on additional monetary easing expectations, dollar rallies amid coronavirus concerns, Asian shares plunge amid fading global recovery hopes - Thursday, September 24th, 2020
Europe Roundup: Euro gains as dollar softens ahead of Fed meeting,European stocks flat, Gold hits near 2-week high, Oil rises but bleaker demand outlook weighs-September 15th,2020
Europe Roundup:Euro dips on fading economic recovery hopes in Eurozone, European stocks slip to 3-month lows,Gold slides to two-month low, Oil falls as frail demand outlook outweighs U.S. stock drawdown-September 24th,2020
America’s Roundup: Dollar retreats post U.S. jobs data, ECB decision ,Wall Street ends lower,Gold gains, Oil prices slide near 2% after surprise U.S. crude stock build-September 11th,2020
Asia Roundup: Antipodeans halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 2020
America’s Roundup: Dollar dips dovish U.S. Fed policy bets,Wall Street climbs,Gold gains, Oil edges lower, shrugging off Gulf of Mexico shut-ins-September 16th,2020
Europe Roundup: Euro gains on weaker dollar, all eyes on Fed meeting, European stocks gain, Gold rises, Oil slips as demand concerns rise, Libya output looms-September 14th,2020
America’s Roundup: Dollar gains ground on economic concerns, Wall Street gains on stimulus hopes, Gold turns positive from 2-mth low, Oil falls on fuel demand growth concerns as coronavirus lingers-September 25th,2020
Asia Roundup: Antipodeans gain on renewed coronavirus vaccine hopes, greenback plunges as investors await Fed meeting, Asian shares surge - Monday September 14th, 2020
America’ Roundup: Sterling regains lost ground after BoE negative rate talk,Wall Street falls ,Gold slips ,Oil rises 2%, reverses loses as OPEC+ addresses market weakness-September 18th,2020
America’s Roundup: Dollar gains after Fed upgrades economic outlook, Wall Street ends mixed, Gold gains,Oil up more than 4% as U.S. stockpiles fall, hurricane hits output-September 17th,2020
America’s Roundup: Dollar holds strong gains against eruro,Wall Street closes lower, Gold touches six-week low, Oil edges higher after U.S. crude, fuel stockpiles draw down-September 24th,2020
Asia Roundup; Antipodeans rebound from multi-week lows, dollar gains against yen on renewed stimulus hopes, Asian shares surge - Friday, September 25th, 2020
Europe Roundup: Euro falls on concerns about fresh lockdowns in Europe,European stocks bounce,Gold falls, Oil rises on expectation demand can survive new lockdowns-September 22nd 2020
America’s Roundup: Dollar dips as market recovers from weak U.S. jobs data,Wall Street drops, Gold eases, Oil prices edge up off three-month lows, but demand concerns persist-September 12th,2020
Asia Roundup: Aussie extends gains following RBA minutes, greenback steadies ahead of Fed decision, Asian shares advance - Wednesday, September 16th, 2020
Europe Roundup: Sterling heads lower after early gains, European shares dips,Gold edges back from record peak, Oil falls as rising virus cases overshadow demand recovery-August 4th,2020
• French June Government Budget Balance -124.9B, -117.9B previous
• Spanish Unemployment Change -89.8K, 5.1K previous
• Eurozone PPI (YoY) -3.7%, -3.9% forecast -5.0% previous
• Eurozone PPI (MoM) 0.7%,0.5% forecast, -0.6% previous
Looking Ahead - Economic data (GMT)
•12:55 US Redbook (MoM) 1.1% previous
• 12:55 US Redbook (YoY) -8.7% previous
• 13:30 Canada Jul RBC Manufacturing PMI 47.8 previous
• 13:45 US Jul ISM NY Business Conditions 39.5% previous
• 13:45 US Jul ISM-New York Index 806.0 previous
• 14:00 US IBD/TIPP Economic Optimism 44.0 previous
• 14:00 US June Durables Excluding Defense (MoM) 9.2% previous
• 14:00 US Jun Factory Orders (MoM) 5.0% forecast,8.0% previous
• 14:00 US Jun Factory orders ex transportation (MoM) 2.6% previous
• 15:20 New Zealand GlobalDairyTrade Price Index -0.7%-0.7%
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro edged higher against dollar on Tuesday as investors awaited U.S. stimulus breakthrough. Euro held its ground against dollar despite strong U.S. manufacturing data . Focus remains on deadlocked stimulus negotiations in the U.S. which will continue on Tuesday. Focus was also on the European Central Bank’s breakdown of its bond purchases, released late on Monday, which showed Italy continued to benefit from oversized ECB purchases of its debt in June and July under both the emergency and conventional bond buying programmes. Immediate resistance can be seen at 1.1799 (38.2% fib), an upside break can trigger rise towards 1.1829 (23.6%fib).On the downside, immediate support is seen at 1.1711(50%fib), a break below could take the pair towards 1.614 (61.8%fib).
GBP/USD: Sterling gave up its earlier gains against the dollar on Tuesday as concerns of a second wave of virus infections and a central bank policy meeting later this week kept investors from away from the market . Signs that dollar weakness has been the major driver of pound gains can be seen from the performance of the British currency versus the euro and the Japanese yen. Sterling’s recovery has been impressive in recent weeks. It registered its biggest monthly rise in more than a decade in July even though prospects of a breakthrough in Brexit negotiations with Europe before a December deadline remain elusive. Immediate resistance can be seen at 1.3113 (Daily high), an upside break can trigger rise towards 1.3182 (23.6% fib).On the downside, immediate support is seen at 1.2976 (38.2%fib), a break below could take the pair towards 1.2777(50%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Monday as as dollar rebound faltered as political wrangling over a U.S. relief plan and a gloomy economic outlook weighed on the currency. Despite a slowdown in new U.S. virus cases and encouraging factory data, investors are reserving judgement on whether a U.S. economy with 30 million people out of work can really lead the world’s recovery. Top White House officials and Democratic leaders in the U.S. Congress were due to try again on Tuesday to narrow gaping differences over a fifth major coronavirus-aid bill. Immediate resistance can be seen at 0.9163 (38.2%fib), an upside break can trigger rise towards 0.9212(50% fib).On the downside, immediate support is seen at 0.9100 (23.6% fib), a break below could take the pair towards 0.9051 (31st July low).
USD/JPY: The dollar edged higher against the Japanese yen on Tuesday as strong U.S. manufacturing data and upbeat tech stocks boosted dollar against yen, though broader worries about the coronavirus and global economy kept gains in check. An industry gauge released overnight indicated U.S. manufacturing activity expanded in July at the fastest pace in more than a year, which helped Wall Street shares rise on Monday.However, some investors remain cautious due to worries about a resurgence of the coronavirus and a diplomatic tussle over Chinese tech companies’ operations in the United States. Strong resistance can be seen at 106.41 (50% fib), an upside break can trigger rise towards 107.13(50 DMA).On the downside, immediate support is seen at 105.49 (5 DMA), a break below could take the pair towards 105.13 (38.2% fib).
European shares slipped on Tuesday as disappointing earnings reports from Diageo and Bayer took the shine off a jump in growth-linked cyclical stocks, while investors awaited signs of progress on more U.S. fiscal stimulus.
At (GMT 12:15),UK's benchmark FTSE 100 was last trading down at 0.04 percent, Germany's Dax was down by 0.64 percent, France’s CAC finished was down by 0.19 percent.
Gold was little changed on Tuesday, hovering below the previous session's record peak as fears over the pace of economic recovery amid surging coronavirus cases were offset by upbeat U.S. manufacturing data.
Spot gold was down 0.1% at $1,975.57 per ounce by 0951 GMT, about $9 shy of the all-time high hit in the previous session. U.S. gold futures rose 0.4% to $1,994.20.
Oil prices eased on Tuesday amid concerns that a fresh wave of COVID-19 infections will see a global demand recovery stalling due to tighter lockdowns, just as major producers ramp up output.
U.S. West Texas Intermediate (WTI) crude futures were down 68 cents, or 1.7%, at $40.33 a barrel at 1020 GMT, while Brent crude futures were 72 cents, or 1.7%, lower at $43.43 a barrel.