Europe Roundup:Sterling weakens on rate-cut expectations, European shares fall,Gold gains, U.S. crude drops below $50-February 26th,2020
America’s Roundup: U.S. dollar falls as Fed rate cut expectations rise,Wall Street deepens losses, Gold retreats, Oil slips as virus fears outweigh supply cuts-February 26th,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
Europe Roundup: Sterling falls for fourth day as dollar, EU talks offset retail bounce ,European shares muted, Gold eases, Oil holds near one-month high-February 20th,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
Europe Roundup: Euro dips coronavirus outbreak’s pace sparks new fears, European shares slump, Gold jumps over 2%, Oil prices drop 4%-February 24th,2020
Asia Roundup: Kiwi declines on RBNZ governor Adrian Orr's comments, dollar off highs against the yen as China virus fears return, Asian shares ease - Thursday, February 13th, 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
Asia Roundup: Aussie eases following RBA meeting minutes, yen surges as coronavirus concerns linger, investors eye German ZEW survey- Tuesday, February 18th, 2020
Asia Roundup: Antipodeans await coronavirus clarity, euro consolidates near 3-year low on growth concerns, Asian shares nudge higher - Monday, February 17th, 2020
Asia Roundup: Aussie near 11-year low, gold rallies as epidemic fears hit risk appetite, Asian shares plunge - Wednesday, February 26th, 2020
Europe Roundup: Euro drops against dollar after bleak German investor survey,European shares slump, Gold rises, Oil drops below $57 on coronavirus impact and OPEC+ delay-February 18th,2020
Asia Roundup: Antipodeans ease as virus spreads globally, Japanese yen rallies as virus concern spurs safe-haven demand, Asian shares decline - Monday, February 24th, 2020
America’s Roundup: Dollar pushes higher as virus spreads, Wall Street sinks, Gold gains as much as 2.8%, Oil slumps 5%-February 25th, 2020
Europe Roundup: Sterling rises higher on reassuring UK factory data, European shares fall, Gold at seven-year high, Oil falls 1%-February 21st,2020
Europe Roundup: Euro plunges against dollar as China virus cases soar, European shares falter, Gold rises, Oil prices fall on bearish demand forecasts-February 13th,2020
Europe Roundup: Sterling recovers as traders wait for data cues on BoE rate cut, European shares edge higher, Gold inches down, Oil rises after U.S.-China deal, IEA forecast limits gains-January 16th, 2020
• Irish Dec CPI (YoY) 1.3%,1.1% previous
• Irish Dec CPI (MoM) 0.2%,-0.1% previous
• Irish Dec HICP (MoM) 0.2%, -0.2% previous
• Irish Dec HICP (YoY) 1.1%,0.8% previous
Looking Ahead - Economic Data (GMT)
• 13:00 Russia Central Bank Reserves (USD) 549.8B previous
• 13:30 US Continuing Jobless Claims 1,720K, 1,803K previous
• 13:30 US Dec Core Retail Sales (MoM) 0.5%,0.1% previous
• 13:30 US Export Price Index (YoY) -1.3% previous
• 13:30 US Import Price Index (YoY) -1.3% previous
• 13:30 US Initial Jobless Claims 216K forecast, 214K previous
• 13:30 US Jobless Claims 4-Week Avg 224.00K previous
• 13:30 US Jan Philadelphia Fed Manufacturing Index 3.8 forecast, 2.4 previous
• 13:30 US Dec Retail Sales (MoM) 0.3% forecast , 0.2% previous
• 13:30 Canada ADP Nonfarm Employment Change 30.9K previous
• 13:30 US Nov Business Inventories (MoM) -0.1%,0.2% previous
• 13:30 US Jan NAHB Housing Market Index 74 forecast, 76 previous
• 13:30 US Nov Retail Inventories Ex Auto -0.2% previous
Looking Ahead - Events, Other Releases (GMT)
• 18:00 ECB President Lagarde Speech
EUR/USD: The euro edged high against the U.S. dollar on Thursday, after the United States and China signed the first phase of an agreement to end their 18-month trade war. The deal signed by U.S. President Donald Trump and Chinese Vice Premier Liu He will roll back only some of tariffs that the two sides have been imposing on each other. The rest remain in place for what looks to be another tricky phase of talks. The euro was up 0.07 percent at $1.1157. An index that tracks the dollar versus a basket of six major currencies was down 0.04 at 97.17 on Monday. Immediate resistance can be seen at 1.1164 (Daily High), an upside break can trigger rise towards 1.1213 (Higher BB).On the downside, immediate support is seen at 1.1138 (9 DMA), a break below could take the pair towards 1.1100 (Psychological level).
GBP/USD: Sterling edged higher on Thursday, hitting its best level of the week as investors paused the ramping-up of bets on the Bank of England cutting interest rates later this month.The British currency fell sharply earlier this week after another BoE policymaker said he would vote for a rate cut unless economic data improved significantly. Traders are now preparing for December retail sales data due on Friday, followed by purchasing managers’ index (PMI) surveys next week. Evidence that Britain economy’s failed to improve after the general election on Dec. 12 will likely raise expectations for a rate cut and knock sterling lower.Immediate resistance can be seen at 1.3063 (11 DMA), an upside break can trigger rise towards 1.3194 (Higher BB).On the downside, immediate support is seen at 1.3020 (50 DMA), a break below could take the pair towards 1.2913 (Lower BB).
USD/CHF: The dollar was little changed against the Swiss franc on Thursday, after signing of the Phase 1 trade deal between the United States and China, since most of the issues agreed upon had been expected and the threat of tariffs was not eliminated. Yet market enthusiasm was checked, because much of the agreement was priced in and it addressed few of the issues that led to the conflict in the first place. At (GMT 12:25), Greenback fell 0.12% versus the Swiss franc to 0.9628. Immediate resistance can be seen at 0.9673 (5 DMA), an upside break can trigger rise towards 0.9698 (11 DMA).On the downside, immediate support is seen at 0.9619 (Lower BB), a break below could take the pair towards 0.9600 (Psychological level).
USD/JPY: The dollar was little changed against the Japanese yen on Thursday, after the United States and China signed an initial deal to defuse their 18-month trade war, though financial markets were wary as a number of thorny issues remained unresolved. U.S. President Donald Trump and Chinese Vice Premier Liu He on Wednesday signed a deal that will roll back some tariffs and see China boost purchases of U.S. goods and services by $200 billion over two years. The dollar was last up 0.07% at 109.97 yen . Strong resistance can be seen at 110.23 (Jan 9thhigh), an upside break can trigger rise towards 110.64 (May 22nd High).On the downside, immediate support is seen at 109.83 (5 DMA), a break below could take the pair towards 109.40 (9 DMA).
European shares gained ground on Thursday after the United States and China signed an eagerly awaited Phase 1 trade deal, but some questions still remained over certain key issues.
At (GMT 12:34),UK's benchmark FTSE 100 was last trading lower at 0.50 percent, Germany's Dax was down by 0.18 percent, France’s CAC was last down by 0.15 percent
Gold prices edged lower on Thursday, as optimism over a preliminary trade deal between the United States and China increased risk appetite, although concerns about tariffs and unresolved core issues remained.
Spot gold fell 0.2% to $1,552.22 per ounce by 0619 GMT. U.S. gold futures eased 0.1% to $1,552.60.
Oil prices rose on Thursday after the United States and China signed an eagerly awaited Phase 1 trade deal, giving some relief to markets, but gains were capped as the International Energy Agency said it expected oil production to outstrip demand.
Brent was 36 cents, or 0.6%, higher at $64.36 a barrel by 0941 GMT, while U.S. crude was up by 22 cents, or 0.4%, at $58.03 a barrel.
U.S.: The U.S. Treasuries remained flat during Thursday’s afternoon session ahead of the country’s retail sales for the month of December, scheduled to be released today by 13:30GMT and FOMC member Bowman’s speech, also due today by 15:00GMT. In addition, the Philly Fed manufacturing index for January, lined up for release today by 13:30GMT shall provide further direction to the debt market. The yield on the benchmark 10-year Treasury yield remained flat at 1.788 percent, the super-long 30-year bond yield hovered around 2.245 percent and the yield on the short-term 2-year also steadied at 1.562 percent.
EUR: The German bunds gained during European trading session Thursday ahead of the European Central Bank’s account of its December monetary policy meeting, scheduled to be released today by 12:30GMT, followed by President Christine Lagarde’s speech, also due to be delivered today by 18:00GMT. The German 10-year bond yield, which moves inversely to its price, slipped nearly 1 basis point to -0.213 percent, the yield on 30-year note remained tad down at 0.299 percent and the yield on short-term 2-year too traded 1/2 basis point lower at -0.599 percent.
AUS: The Australian bonds gained during Asian session Thursday, tracking a similar movement in the U.S. Treasuries as investors shrugged-off the signing of Phase 1 trade deal between China and the United States, trying to read beyond the lines. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped 2-1/2 basis points to 1.181 percent, the yield on the long-term 30-year bond plunged nearly 3-1/2 basis points to 1.790 percent and the yield on short-term 2-year lost nearly 2 basis points to 0.784 percent.