Asia Roundup: Aussie declines as consumer inflation expectations ease, euro rebounds on improving economic outlook hopes, investors eye ECB policy decision - Thursday, September 10th. 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
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
America’s Roundup: Dollar falls against the yen,Wall Street ends lower,Gold rises, Oil flat as Libya developments counter OPEC+ boost-September 19th,2020
Europe Roundup: Euro firms as ECB policymakers calm worries,European shares flat, Gold slips, Oil falls on U.S. market slide, surprise inventories rise-Sep 11th,2020
Europe Roundup: Euro falls as rising COVID-19 cases unnerve investors, European stocks slips, Gold drops to near two-week low, Oil prices slip on potential Libyan output return, demand concerns-September 21st,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: U.S. dollar skids to two-week low vs yen as Fed looms,Wall Street climbs, Gold slips, Oil rises over 2% as U.S. Gulf Coast braces for hurricane -September 16th,2020
Asia Roundup: Kiwi at over 1-year peak as FinMin Robertson rules out RBNZ’s rate change, greenback plunges on downbeat data, Asian shares edge higher - Friday, September 18, 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
Europe Roundup:Euro edges higher as investors await Fed statement, European stocks gains,Gold rises, Oil jumps above $41 as storm hits U.S. output, inventories drop-September 16th,2020
America’s Roundup: U.S. dollar skids from four-week high, Wall Street bounces, Gold firms, Oil prices edge up off three-month lows; demand concerns persist-September 10th,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
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
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
America’s Roundup: Dollar gains as risk assets tumble on rising COVID-19 cases, U.S. election uncertainty, Wall Street ends lower, Gold slides 3%, Oil falls 5% as economic outlook dims with rising virus cases-September 22nd 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.