Europe Roundup:Sterling recovers from 2-1/2 month low following economic growth data, European stocks rise,Gold eases from 1-week high,Oil rises from 13-month low-February 11th,2020
Asia Roundup: Antipodeans await coronavirus clarity, euro consolidates near 3-year low on growth concerns, Asian shares nudge higher - Monday, February 17th, 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
Asia Roundup: Aussie rebounds on upbeat wage data, euro slumps on weak economic outlook, greenback near 4-1/2 month peak as investors eye FMOC minutes - Wednesday, February 19th, 2020
America’s Roundup: Dollar gains on strong U.S. private payrolls, Wall Street rises, Gold gains ,Oil prices jump 2% as virus vaccine reports spur hope-February 6th,2020
Europe Roundup: Sterling slumps on EU trade talk concerns, euro consolidates near 1-week low following ECB Lagarde comments, European shares surge - Thursday, February 6th, 2020
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
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
Asia Roundup: Aussie eases as RBA slashes growth forecasts, dollar off highs against yen as coronavirus toll climbs, Asian shares plunge - Friday, February 7th, 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
Europe Roundup: Euro struggles near three-year lows on economic worries, European shares gain, Gold holds near two-week high, Oil price steady-February 17th,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 rallies on RBNZ's hawkish stance, dollar gains against yen as new virus cases fall, Asian shares surge - Wednesday, 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
Europe Roundup: Sterling gains on upbeat UK services PMI data,European shares surge,Gold near two-week low, Oil jumps 3% on reports of effective coronavirus drug-February 5th,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
Europe Roundup: Sterling rallies after upbeat UK jobs data, European shares falls, Gold eases, Oil prices slide as supply concerns fade-January 21st,2020
• Spanish Trade Balance -1.86B, -2.58B previous
• UK Nov Average Earnings ex Bonus 3.4%,3.4% forecast, 3.5% previous
• UK Nov Average Earnings Index +Bonus 3.2%,3.1% forecast, 3.2% previous
• UK Dec Claimant Count Change 14.9K, 22.6K forecast, 14.9K previous
• UK Nov Employment Change 3M/3M (MoM) 208K, 110K forecast, 24K previous
• UK Nov Unemployment Rate 3.8%,3.8% forecast, 3.8% previous
• German Jan ZEW Current Conditions -9.5, -13.5 forecast, -19.9 previous
• German Jan ZEW Economic Sentiment 26.7, 15.0 forecast, 10.7 previous
• German Jan ZEW Economic Sentiment 25.6, 5.5 forecast, 11.2 previous
Looking Ahead - Economic Data (GMT)
• 13:30 Canada Nov Manufacturing Sales (MoM) -0.3% forecast, -0.7% previous
• 13:55 US Redbook (YoY) 5.0% previous
• 13:55 US Redbook (MoM) -0.2% previous
•15:20 New Zealand GlobalDairyTrade Price Index -0.3% forecast, 2.8% previous
• 14:00 Belgium Jan Consumer Confidence -8 previous
EUR/USD: The euro rose against the U.S. dollar on Tuesday, after survey showed mood among German investors brightened far more than expected in January on hopes that Europe’s largest economy might not be as badly affected by trade tensions as previously thought. The ZEW research institute said its monthly survey showed economic sentiment among investors rose to 26.7 from 10.7 in December. Economists had expected an increase to 15.0. Investors are now awaiting the ECB’s monetary policy meeting on Thursday, where it is expected to keep the deposit rate unchanged at -0.50%. Immediate resistance can be seen at 1.1114 (5 DMA), an upside break can trigger rise towards 1.1134 (21 DMA).On the downside, immediate support is seen at 1.1065 (100 DMA), a break below could take the pair towards 1.1000 (Psychological level).
GBP/USD: Sterling strengthened against dollar on Tuesday, after the British economy created jobs at its strongest rate in nearly a year in the three months to November, potentially undermining the case for a Bank of England interest rate cut next week. Tuesday’s reading showed the number of people in employment rose by 208,000 to 32.90 million, the biggest increase since the three months to January 2019 and much stronger than the median forecast in a poll for a rise of 110,000.The pound rose as much as 0.3% to $1.3050, after the data was released. Immediate resistance can be seen at 1.3067 (21 DMA), an upside break can trigger rise towards 1.3125 (Jn 17th high).On the downside, immediate support is seen at 1.2963 (Jan 20th Low), a break below could take the pair towards 1.2910 (Lower BB).
USD/CHF: The dollar declined against the Swiss franc on Tuesday, as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and rattled world markets. China reported a fourth death from a new coronavirus as the number of cases continued to rise, just as hundreds of millions of Chinese prepared to travel for the Lunar New Year holiday.At (GMT 11:41), The Swiss franc firmed a touch at 0.9671 to the dollar. Immediate resistance can be seen at 0.9715 (21 DMA), an upside break can trigger rise towards 0.9761 (Jan 9th high).On the downside, immediate support is seen at 0.9665 (5 DMA), a break below could take the pair towards 0.9613 (Lower BB).
USD/JPY: The dollar dipped against the Japanese yen on Tuesday, as mounting concerns about a new strain of coronavirus in China sparked risk aversion through markets. Safe-haven yen gained as investors were reminded of the economic damage done by the SARS virus in 2002-2003, particularly given the threat of contagion as hundreds of millions travel for the Lunar New Year holidays. Japan’s yen picked up a bid on the safe-haven move and the dollar dipped to 110.06 from an early 110.18. The dollar index was steady at 97.638 against basket of currencies, just off a four-week high of 97.729. Strong resistance can be seen at 110.30 (Jan 17th High), an upside break can trigger rise towards 111.00 (Psychological level).On the downside, immediate support is seen at 109.71 (5 DMA), a break below could take the pair towards 109.53 (11 DMA).
European shares slipped lower on Tuesday, as mounting concerns over a new coronavirus outbreak originating in China sparked a rush to safe-haven bets.
At (GMT 12:15),UK's benchmark FTSE 100 was last trading lower at 0.80 percent, Germany's Dax was down by 0.10 percent, France’s CAC was last down by 0.66 percent.
Gold fell on Tuesday, easing off a two-week peak, as the dollar steadied near a one-month high, although fears of the economic fallout from the coronavirus in China dulled risk sentiment and kept prices supported above the $1,500 an ounce level.
Spot gold was down 0.4% to $1,555.59 per ounce at 1042 GMT, after hitting its highest since Jan. 8 at $1,568.35 earlier in the session. U.S. gold futures fell 0.3% to $1,555.70 per ounce.
Oil prices fell more than 1% on Tuesday on expectations that a well-supplied market would be able to absorb disruptions that have cut Libya’s crude production to a trickle.
Brent crude was down 92 cents at $64.28 a barrel by 1016 GMT, having risen to its highest in more than a week on Monday. U.S. West Texas Intermediate crude was down 59 cents at $57.95.