Asia Roundup: Antipodeans rally on U.S.-China trade talks hopes, greenback at multi-week lows as soft CPI figures support Fed rate cut speculation, investors eye EBC Draghi’s speech - Friday, October 11th, 2019
America's Roundup: Dollar slips as data disappoints,Wall Street slips, Gold stedies,Oil rises 1% on hopes OPEC will extend supply cuts-October 17th,2019
Americas Roundup: Dollar slides on hopes of Brexit, U.S.-China trade deals, Wall Street jumps ,Gold slides, Oil rises 2% after reports of Iranian tanker attack-October 12th,2019
America’s Roundup: Dollar slides vs yen, euro, Wall Street slumps, Gold climbs 1%,Oil slides 2.5% as U.S. inventories build, weak economic data weighs-October 3rd 2019
Asia Roundup: Kiwi rallies on upbeat economic data, dollar gains against yen ahead of U.S.-China trade talks, Asian shares nudge higher - Tuesday, October 8th, 2019
America's Roundup: Dollar slips as U.S. jobs-inspired rally fizzles, Wall Street rise, Gold gains, Oil settles up-October 5th,2019
Asia Roundup: Antipodeans off-highs on soft Chinese trade data, greenback rebounds on U.S.-China trade optimism, Asian shares surge - Monday, October 14th, 2019
Asia Roundup: Aussie gains on upbeat economic data, dollar at 1-week peak against yen on trade deal hopes, investors eye UK GDP figures - Thursday, October 10th, 2019
Europe Roundup: Sterling consolidates as no-deal Brexit concerns persist, euro eases as German industrial orders decline more than expected, investors eye Fed Chair Powell's speech - Monday, October 7th, 2019
Europe Roundup: Sterling eases on Brexit concerns, dollar gains against yen on U.S.-China trade deal hopes, European shares surge - Wednesday, October 9th, 2019
America’s Roundup: Dollar slips versus yen as trade tensions weigh, Wall Street dips,Gold rises, Oil falls on U.S.-China talks-Oct 9th,2019
Asia Roundup: Yen eases as investors eye U.S.-China trade talks, greenback steadies on Fed Chair Powell's comments, Asian shares tumble - Wednesday, October 9th, 2019
Europe Roundup: Sterling consolidates as investors await EU response to Brexit offer, euro tumbles on worse-than-expected PPI, European shares volatile - Thursday, October 3rd, 2019
Asia Roundup: Aussie gains on upbeat retail sales, greenback eases as soft U.S. service sector data fans recession worries, Asian shares surge - Friday, October 4th, 2019
Asia Roundup: Kiwi eases on RBNZ rate cut expectations, dollar off highs against yen on Hong Kong worries, investors eye EZ CPI figures - Wednesday, October 16th, 2019
America's Roundup: Dollar range-bound as trade optimism fades,Wall Street gains, Gold slips 1%,Oil falls on weaker economic growth forecasts-October 16th,2019
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.