America’s Roundup: Dollar gains on coronavirus, tariff concerns, Wall Street ends lower, Gold retreats from an over 7-1/2 year high, Oil dives over 5% as U.S. crude stocks hit record, COVID cases mount-June 25th 2020
Asia Roundup: Dollar gains as signs of recovery boost risk appetite, Asian shares rally, investors eye EZ CPI - Tuesday, June 30th, 2020
Asia Roundup: Japanese yen gains as China passes national security law, dollar steadies as investors eye U.S. manufacturing PMI, Asian shares nudge higher - Wednesday, July 1st, 2020
Asia Roundup: Euro eases following ECB Knot's comments, yen rallies as resurgent virus threatens global economic recovery, Asian shares consolidate - Friday, June 26th, 2020
Asia Roundup: Dollar eases as second wave virus fears offset economic recovery hopes, Asian shares nudge lower, investors eye EU Summit - Friday, June 19th, 2020
Europe Roundup: Euro dips as coronavirus surge unnerves investors European stocks dips, Gold soars towards 8-year high, Oil falls on rising stocks, worries of new virus wave-June 24th,2020
America’s Roundup: Dollar records small weekly gain on safe-haven demand, Wall Street climbs, Gold rises, Oil boosted by OPEC+ cuts even as virus weighs on market-June 20th,2020
Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
Asia Roundup: Euro rallies as upbeat data stoke economic recovery hopes, Asian shares near 4-month peak, investors eye German IFO surveys - Wednesday, June 24th, 2020
Europe roundup: Sterling gains as dollar sags, investors eye month-end for trade deal, European stocks surge,Gold steadies off 8-year high, Oil prices gain on fall in U.S. crude stockpiles-July 2nd 2020
America’s Roundup: Dollar recovers some overnight losses , Wall Street gains,Gold steadies near multi-year peak, Oil rises on improving economic data but virus case jump caps gains-June 30th,2020
Europe Roundup: Euro dips lower against dollar as markets balanced hopes for a global economic recovery, European stocks dips,Gold hits 8-year peak.Oil rises on manufacturing data, U.S. inventories-July 1st 2020
Asia Roundup: Aussie at 1-week peak on Trump's assurance over U.S.-China trade pact, dollar gains as traders speculate pandemic recovery, Asian shares rebound - Tuesday, June 23rd, 2020
America’s Roundup: Dollar gains on fears of new pandemic wave, Wall Street ends mixed,Gold slips, Oil edges up on OPEC output cut compliance; pandemic still weighs-June 19th,2020
Europe Roundup: Sterling slips further to $1.24, weighed down by Brexit,European shares rise, Gold on course for third weekly gain, Oil prices inch up as demand upswing counters virus concerns-June 26th,2020
America’s Roundup: U.S. dollar rises as surge in coronavirus cases boosts haven bid,Wall Street falls, Gold slides, Oil settles lower on rise in U.S. coronavirus cases-June 27th,2020
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.