America’s Roundup: Dollar sinks to lowest since April 2018, Wall Street closes higher, Gold steady, Oil prices rise as U.S. crude stock draw supports but demand hopes dim-December 31st,2020
America’s Roundup: Dollar slides vs most currencies on optimism about Biden administration, Wall Street closes at record highs, Gold gains over 1%, Oil rises on U.S. stimulus hopes, tighter market under Biden-January 21,2021
Europe Roundup: Sterling rises above $1.37 for first time since 2018, European shares rise,Gold gains, Oil above $56 on U.S. stimulus hopes ahead of Biden inauguration-January 20th,2021
Europe Roundup: Sterling rises for a second day as dollar falls European stocks rise ,Gold hits 2-month peak, Oil extends gains after surprise Saudi output cut-January 6th,2020
Europe Roundup: Pound extends gains on new post-Brexit transition time for swaps trading, Gold dips, European shares retreat, Gold dips, Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus-December 31st,2020
America’s Rounup:Dollar slips from three-week peak, Wall Street ends higher,Oil settles up, near $57 on tight supply expectations-January 13th,2021
America’s Roundup: Dollar eases off four-week peak, Wall Street closes higher, Gold firms, Oil gains on stimulus optimism ahead of Biden inauguration-January 20th,2021
Europe Roundup: Euro slips further as focus shifts to U.S. stimulus, European stocks rises,Gold edges lower, Oil prices ease as pandemic outweighs Chinese and U.S. data-January 14th,2021
Europe Roundup: Euro rises near 2-1/2 high, European stocks rise, Gold steady, Oil prices up as dollar and U.S. oil inventories fall-December 30th,2020
America’s Roundup: Dollar recovers from early fall, Wall Street climbs, Gold advances, Oil prices dip as demand concerns counter U.S. stimulus-December 29th,2020
America’s Roundup: Dollar rebounds off March 2018 low as Georgia elections point to Dem sweep, Wall Street ends mixed, Gold slides more than 2% , Oil rises to 10-month high after Saudi output cut, U.S. inventory draw-January 7th,2021
America’s Roundup: Dollar up from 2018 lows on economic hopes, Wall Street ends higher, Gold slips, Oil hits 11-month highs on Saudi cuts, shrugs off U.S. turmoil-January 8th,2021
America’s Roundup:Dollar gains at end of tumultuous year,Wall Street ends higher, Gold little changed, Oil edges higher, but posts 20% annual drop in tumultuous 2020-January 1st,2020
Europe Roundup: Euro falls to three-week lows as U.S. yields climb, European shares retreat, Gold gains, Oil falls on renewed lockdowns, stronger dollar-January 11th,2021
America’s Roundup: Dollar index hits four-week high, Gold inches up, Oil slips on coronavirus fears-January 19th,2021
Europe Roundup: Euro creeps back above $1.21, European stocks inches higher, Gold gains,Oil prices rise as investors look to higher demand seen in second half-January 19th,2021
Europe Roundup: Sterling slumps ahead of Brexit parliamentary vote, euro at 1-week low as German GDP eases, European shares rally - Tuesday, January 15th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rallied to a near 1-week peak, as the euro weakened on German economic slowdown, while sterling plunged ahead of the Brexit parliamentary vote. The greenback against a basket of currencies trades 0.3 percent up at 95.83, having touched a high of 95.90 earlier, its highest since Jan. 9. FxWirePro's Hourly Dollar Strength Index stood at 54.08 (Bullish) by 1000 GMT.
EUR/USD: The euro slumped to a 1-week low after GDP figures showed the German economy grew by 1.5 percent in 2018, the weakest rate in five years. Moreover, news that all the ECB supervised banks will get a target date by when they will have to fully cover their stock of impaired loans dented the bid tone around the major. The European currency traded 0.3 percent down at 1.1429, having touched a low of 1.1423, its lowest since Jan.8. FxWirePro's Hourly Euro Strength Index stood at -152.93 (Highly Bearish) by 1000 GMT. Immediate resistance is located at 1.1500 (November 7 High), a break above targets 1.1599 (October 11 High). On the downside, support is seen at 1.1411 (Jan. 8 Low), a break below could drag it till 1.1394 (Jan. 7 Low).
USD/JPY: The dollar gained, reversing most of its previous session losses as China signalled more stimulus measures in the near term as a tariff war with the U.S. dented its trade sector. However, heightened expectations the Federal Reserve will hold off on raising rates this year capped gains. The major was trading 0.3 percent up at 108.49, having hit a high of 108.75 earlier, its highest since Jan 9. FxWirePro's Hourly Yen Strength Index stood at 30.78 (Neutral) by 1000 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. producer price index. Immediate resistance is located at 109.08 (January 8 High), a break above targets 109.46 (April 26 High). On the downside, support is seen at 107.65 (April 23 Low), a break below could take it lower 107.35 (April 20 Low).
GBP/USD: Sterling plunged from a near 2-month high as markets braced for a parliament vote on Prime Minister Theresa May's Brexit deal later in the day. Investors expect a delay to Britain's March 29 departure date from the European Union or a second referendum that could end up cancelling Brexit. The major traded 0.1 percent down at 1.2842, having hit a high of 1.2929 on Monday; it’s highest since November 15. FxWirePro's Hourly Sterling Strength Index stood at 127.02 (Highly Bullish) 1000 GMT. Immediate resistance is located at 1.2946 (November 12 High), a break above could take it near 1.3030 (November 15 High). On the downside, support is seen at 1.2788 (5-DMA), a break below targets 1.2723 (November 15 Low). Against the euro, the pound was trading flat at 89.04 pence, having hit a high of 88.75 on Monday, it’s lowest since December 5.
USD/CHF: The Swiss franc slumped to a 1-week low, as the greenback surged across the board. The major trades 0.6 percent up at 0.9863, having touched a high of 0.9865 earlier; it’s highest since January 7. FxWirePro's Hourly Swiss Franc Strength Index stood at -88.41 (Slightly Bearish) by 1000 GMT. On the higher side, near-term resistance is around 0.9885 (December 28 High) and any break above will take the pair to next level till 0.9906 (January 3 High). The near-term support is around 0.9787 (January 7 Low), and any close below that level will drag it till 0.9732 (January 9 Low).
European shares surged, as tech, mining, and car stocks gained after China signalled more stimulus measures to prop-up a slowing economy.
The pan-European STOXX 600 index advanced 0.2 percent at 348.24 points, while the FTSEurofirst 300 index rallied 0.2 percent to 1,369.53 points.
Britain's FTSE 100 trades 0.1 percent up at 6,860.24 points, while mid-cap FTSE 250 fell 0.1 to 18,404.10 points.
Germany's DAX rose 0.3 percent at 10,884.18 points; France's CAC 40 trades 0.3 percent higher at 4,778.94 points.
Crude oil prices surged amid supply cuts by producer club OPEC and Russia, however, a darkening economic outlook limited the upside. International benchmark Brent crude was trading 0.1 percent up at $59.27 per barrel by 1030 GMT, having hit a high of $62.46 on Friday, its highest since December 7. U.S. West Texas Intermediate was trading 0.05 percent higher at $50.75 a barrel, after rising as high as $53.29 on Friday, its highest since the December 7.
Gold prices declined, as a bounce in Chinese equities boosted interest in riskier assets. Spot gold edged lower 0.2 percent to $1,288.92 per ounce by 1032 GMT, having touched a high of $1,298.42 earlier in the month, its highest level since June 15. U.S. gold futures were 0.1 percent lower at $1,290.50 an ounce.
The U.S. Treasuries rose during late afternoon session, ahead of the country’s trade balance and producer price index (PPI) data for the month of December, scheduled to be released today by 13:30GMT. The yield on the benchmark 10-year Treasuries slumped 2-1/2 basis points to 2.686 percent, the super-long 30-year bond yields also suffered by 2-1/2 basis points to 3.036 percent and the yield on the short-term 2-year slipped 1 basis point to 2.524 percent.
The German bunds gained during European session ahead of the European Central Bank (ECB) President Mario Draghi’s speech, scheduled to be held today by 15:00GMT. The German 10-year bond yields, which move inversely to its price, plunged 3 basis points to 0.203 percent, the yield on 30-year note slumped nearly 2-1/2 basis points to 0.815 percent and the yield on short-term 2-year traded 1-1/2 basis points down at -0.610 percent.
The Japanese government bonds remained mixed on the second trading day of the week amid a quiet session ahead of the country’s national consumer price inflation (CPI) data and Bank of Japan (BoJ) Governor Kuroda’s speech, both scheduled to for later in the week for further direction in the debt market. The yield on the benchmark 10-year JGB note, which moves inversely to its price, rose 1 basis point to -0.011 percent, the yield on the long-term 30-year note hovered around 0.705 percent and the yield on short-term 2-year slumped 15 basis points to -0.149 percent.
The Australian government bond yields climbed across the curve during Asian trading session Tuesday as risk sentiment improved and Wall Street shares trimmed previous losses. The yield on Australia’s benchmark 10-year note, which moves inversely to its price, rose 2 basis points to 2.289 percent, the yield on the long-term 30-year bond also jumped 2 basis points to 2.837 percent and the yield on short-term 2-year up 1 basis point to 1.877 percent.