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 halt 4-day rally, greenback surges after Fed upgrades economic outlook, Asian shares decline - Thursday, September 17th, 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: 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
Asia Roundup: Kiwi slumps to 4-week trough as RBNZ hints at further easing, Aussie plunges as Westpac expects monetary easing by RBA, Asian shares volatile - Wednesday, September 23rd, 2020
Asia Roundup; Antipodeans rebound from multi-week lows, dollar gains against yen on renewed stimulus hopes, Asian shares surge - Friday, September 25th, 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
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 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: Kiwi plunges ahead of RBNZ policy decision, Aussie slumps on RBA Debelle's comments, greenback holds near 6-week high as investors eye Fed Powell's testimony - Tuesday, September 22nd, 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 falls against the yen,Wall Street ends lower,Gold rises, Oil flat as Libya developments counter OPEC+ boost-September 19th,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
Europe Roundup: Euro gains as soft U.S. data, uncertainty darken outlook, European share dips, Gold rises, Oil prices mixed as OPEC boost countered by Libyan developments-September 18th,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
Europe Roundup: Euro dips as Fed outlook lifts dollar ,European stocks skid lower, Gold slips, Oil steady as demand worries revive, crews return to U.S. Gulf rigs-September 17th,2020
Europe Roundup: Sterling slips, erasing recent gains, European stocks grind higher,Gold retreats from record peak, Oil steady as virus fears counter positive factory data-August 3rd,2020
• Swiss Jul CPI (YoY) -0.9%,-1.1%,-1.3% previous
• Swiss Jul CPI (MoM) -0.2%,-0.4% forecast, 0.0% previous
• Italian Jul Manufacturing PMI 51.9, 51.2 forecast, 47.5 previous
•French Jul Manufacturing PMI 52.4, 52.0 forecast, 52.0 previous
•German Jul Manufacturing PMI 51.0, 50.0 forecast, 45.2 previous
Looking Ahead Economic Data
•French 12-Month BTF Auction -0.556% previous
•French 6-Month BTF Auction-0.562% previous
•French 3-Month BTF Auction -0.565% previous
•13:45 US Jul Manufacturing PMI 51.3 forecast, 49.8 previous
•14:00 US Jul ISM Manufacturing Prices 52.0 forecast, 51.3 previous
•14:00 US Jul ISM Manufacturing Employment 48.3 forecast, 42.1 previous
•14:00 US Jul ISM Manufacturing PMI 53.6 forecast, 52.6 previous
•14:00 US Jul Construction Spending (MoM) 1.0% forecast, -2.1% previous
•14:00 US Jul ISM Manufacturing New Orders Index 56.4 previous
•15:00 Canada June Budget Balance (YoY ) -86.77B previous
•15:00 Canada June Budget Balance -43.93B previous
•15:30 US 3-Month Bill Auction 0.105% previous
•15:30 US 6-Month Bill Auction 0.130% previous
Looking Ahead - Events, Other Releases (GMT)
•16:30 US FOMC Member Bullard Speaks
EUR/USD: The euro dipped against dollar on Monday as rising coronavirus cases and concerns over the U.S. economy weighed on investor sentiment. Investors were nervous at the lack of a new stimulus package in the United States with White House Chief of Staff Mark Meadows not optimistic on reaching agreement soon on a deal.A Bank of England rate decision on Thursday and U.S. jobs data on Friday will also keep investors on the sidelines. Immediate resistance can be seen at 1.1793 (38.2% fib), an upside break can trigger rise towards 1.1829 (23.6%fib).On the downside, immediate support is seen at 1.1701 (50%fib), a break below could take the pair towards 1.1676 (11DMA).
GBP/USD: The pound fell against a stronger dollar on Monday as investors weighed the government’s strategy of local lockdowns and looked ahead to the Bank of England’s policy meeting on Thursday. The pound reached $1.3170 - its highest in nearly five months - on Friday, benefiting from investor caution about rising COVID-19 cases in the United States and data suggesting the economic recovery there was losing momentum. But on Monday the dollar strengthened, pushing cable down to $1.3049 at 12:30 GMT .Immediate resistance can be seen at 1.3113 (Daily high), an upside break can trigger rise towards 1.3174 (23.6%fib).On the downside, immediate support is seen at 1.2959 (38.2%fib), a break below could take the pair towards 1.2886(11 DMA).
USD/CHF: The dollar rose against the Swiss franc on Monday as dollar gained after a punishing July, as squeeze on crowded short positions left the dollar clinging to a tentative bounce. the U.S. dollar ticked 0.1% higher as bears took profits on crowded short positions, but further gains were capped by the slowing U.S. economic recovery from COVID-19 and real rates breaking below -1% for the first time. Immediate resistance can be seen at 0.92010 (50%fib), an upside break can trigger rise towards 0.9261 (61.8% fib).On the downside, immediate support is seen at 0.9161 (38.2% fib), a break below could take the pair towards 0.9101 (23.6%fib).
USD/JPY: The dollar strengthened against the Japanese yen on Monday ,amid some squeezing out of crowded short positions and safe-haven demand. Markets are now looking to a data-heavy week of inflation and business activity readings, as well as employment figures from the United States on Friday. The dollar gained 0.1% against the Japanese yen to push past the 106 yen per dollar mark.On Friday, the dollar posted its biggest daily rise against the Japanese currency since March, halting a rally in the yen which saw it gain 3% in July. Strong resistance can be seen at 106.36 (50% fib), an upside break can trigger rise towards 107.64 (61.8% fib).On the downside, immediate support is seen at 105.59 (Daily low), a break below could take the pair towards 105.08 (38.2%fib).
A surge in German stocks lifted the broader European market on Monday after the country reported an expansion in monthly factory activity for the first time since 2018, but a warning from Europe’s biggest lender HSBC kept gains in check.
At (GMT 12:23),UK's benchmark FTSE 100 was last trading up at 1.38 percent, Germany's Dax was down by 2.26 percent, France’s CAC was last up by 1.57 percent.
Gold hit a record high on Monday as fears over the economic fallout from rising coronavirus cases bolstered its safe-haven appeal, before inching lower as a bounce in the dollar fuelled some profit-taking.
Spot gold eased 0.2 % to $1,970.69 per ounce at 1211 GMT, having hit a record high of $1,984.66 in early Asian trade. U.S. gold futures were 0.1% higher at $1,986.90.
Oil prices steadied on Monday, pressured by rising COVID-19 cases around the globe and by oversupply worries as OPEC and its allies are set to wind back output cuts in August, but supported by positive industry data in Europe and Asia.
Brent crude rose 3 cents, or 0.1%, to $43.55 a barrel by 1248 GMT, and U.S. West Texas Intermediate (WTI) crude was down 6 cents, or 0.1%, at $40.21.