Asia Roundup: Yen rallies as rising coronavirus cases threaten economic reopening, investors eye German CPI data - Monday, June 29th, 2020
America’s Roundup: Dollar edges lower amid uncertain U.S. outlook, Wall Street gains,Gold gains, Oil slips slightly on rising coronavirus cases, returning Libyan supplies-1st July 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
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
Europe Roundup: Euro rises on upbeat PMI data ,European shares rise, Gold holds near 1-month peak, Oil rises after Trump assurance on China trade deal-June 23rd 2020
America’s Roundup: Dollar falters as decent U.S. data curbs safe haven demand, Wall Street gains, Gold retreats from near 8-year peak, Oil prices firm on factory, inventory data-July 2nd, 2020
America’s Roundup: Dollar turns higher as focus turns to surging coronavirus cases, Wall Street jumps, Gold gains, Oil up more than 2% on U.S. jobs data but virus fears cap gains-July 3rd 2020
Asia Roundup: Aussie gains on vaccine hopes, greenback at 1-week trough ahead of U.S. payrolls, Asian shares rally - Thursday, July 2nd, 2020
America’s Roundup: Dollar dips as infections spike hits confidence,Wall Street ends higher, Gold jumps, Oil up above 2% on tighter supplies, eased lockdowns-June 23rd 2020
Europe Roundup: Sterling gains on infrastructure spending promise, Brexit caps gains, European shares gain Gold holds close to near 8-year peak, Oil rises on improving economic data, supply cut-June 29th,2020
America’s Roundup: Dollar stumbles as jump in coronavirus cases dented the economic outlook, Wall Street ends higher, Gold hits highest since October 2012, Oil flat, near highest since March, after Trump assurance on China trade-June 24th,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
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
America’s Roundup: Dollar gains as virus concerns dents risk appetite, Wall Street ends higher ,Gold steadies, Oil prices climb as U.S. economic data lends support-June 26th,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 as grim data keeps euro under pressure, European shares edge lower, Gold hovers close eight years high, Oil prices drop on prospect of returning Libyan supplies-June 30th,2020
Europe Roundup: Sterling steadies below 1.3000 on upbeat UK manufacturing PMI, greenback near 2-week trough ahead of U.S. nonfarm payroll report, European shares surge - Friday, November 1st, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index tumbled to an 11-day trough as investors expect the U.S. economy created 89,000 new jobs in October, fewer than the 136,000 created in September. The greenback against a basket of currencies traded flat at 97.27, having touched a low of 97.16 earlier, its lowest since October 21.
EUR/USD: The euro consolidates near a 10-day high hit in the previous session, as Christine Lagarde began her presidency of the European Central Bank. The European currency traded flat at 1.1147, having touched a high of 1.1131 on Thursday, its highest since October 21. Immediate resistance is located at 1.1179, a break above targets 1.1200. On the downside, support is seen at 1.1127 (5-DMA), a break below could drag it below 1.1106..
USD/JPY: The dollar tumbled to a 3-week low as a U.S. interest rate cut and renewed concern about U.S.-China trade talks underpinned safe-haven assets. The major was trading flat at 108.02, having hit a low of 107.88 earlier, its lowest since October 10. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. nonfarm payrolls, unemployment benefit claims and manufacturing PMI from both Markit and ISM. Immediate resistance is located at 108.22, a break above targets 108.47. On the downside, support is seen at 107.62, a break below could take it near at 107.31.
GBP/USD: Sterling rallied, extending gains for the fifth straight session after data showed UK's Purchasing Managers’ Index rose to 49.6 from 48.3 in September, its highest level since April. The major traded 0.1 percent lower at 1.2953, having hit a high of 1.2975 the day before, it’s highest since October 22. Investors’ attention will remain on the development surrounding Brexit, ahead of the U.S. fundamental drivers. Immediate resistance is located at 1.3000, a break above could take it near 1.3068. On the downside, support is seen at 1.2876 (5-DMA), a break below targets 1.2841. Against the euro, the pound was trading flat at 86.11 pence, having hit a low of 86.76 last week, it’s lowest since Oct. 17.
USD/CHF: The Swiss franc retreated from a 10-day peak as investor risk sentiment revived on data that showed China’s factory activity expanded at the fastest pace in over two years in October. The major trades flat at 0.9866, having touched a low of 0.9854 earlier, it’s lowest since October 22. On the higher side, near-term resistance is around 0.9891 and any break above will take the pair to the next level till 0.9916. The near-term support is around 0.9843, and any close below that level will drag it till 0.9800.
European shares rallied and were on track for their best day in more than a week, as an unexpected bounce in China’s manufacturing activity overshadowed conflicting tones surrounding a possible U.S.-China trade deal.
The pan-European STOXX 600 index surged 0.4 percent at 398.15 points, while the FTSEurofirst 300 rallied 0.4 percent to 1,561.82 points.
Britain's FTSE 100 trades 0.3 percent up at 7,272.17 points, while mid-cap FTSE 250 gained 0.2 to 20,068.40 points.
Germany's DAX rose 0.4 percent at 12,912.40 points; France's CAC 40 trades 0.4 percent lower at 5,751.16 points.
Crude oil prices steadied after tumbling to a 1-week low in the previous session on a combination of rising global supply and uncertain future demand. International benchmark Brent crude was trading 0.5 percent up at $59.72 per barrel by 1052 GMT, having hit a low of $59.19 the day before, its lowest since October 23. U.S. West Texas Intermediate was trading 0.4 percent higher at $56.18 a barrel, after falling as low as $53.70 on Thursday, its highest since October 23.
Gold prices declined as investors booked profit after strong Chinese factory data eased fears of an economic slowdown, but the uncertainty surrounding a U.S.-China trade deal boosted safe-haven appeal. Spot gold eased 0.2 percent to $1,510.16 per ounce at 1055 GMT, having hit a high of $1,514.66 earlier, its highest since Oct. 25 but is set to rise 0.5 percent on a weekly basis, after a 1 percent gain the previous week. U.S. gold futures were down 0.1 percent at $1,513.10 per ounce.
The U.S. Treasuries fell during the afternoon session, ahead of the country’s labour market report for the month of October, scheduled to be released today by 12:30GMT and the ISM manufacturing PMI for the similar period, also due for release today by 14:00GMT. In addition, FOMC members Williams, Clarida, Quarles and Williams will deliver their respective speeches through the day, adding direction to the debt market. The yield on the benchmark 10-year Treasury yield rose 1 basis point to 1.700 percent, the super-long 30-year bond yield surged 1-1/2 basis points to 2.190 percent and the yield on the short-term 2-year too traded 1-1/2 basis points higher at 1.540 percent.
The United Kingdom’s gilts narrowly slipped during European trading hours Friday after the country’s manufacturing PMI for the month of October cheered market expectations, edging tad closer to the 50-point benchmark, which separates expansion from contraction. The yield on the benchmark 10-year gilts, edged 1 basis point up to 0.639 percent, the 30-year yield also rose 1 basis point to 1.147 percent and the yield on the short-term 2-year remained flat at 0.510 percent.
The German bunds remained flat during European session Friday amid a muted trading session that witnessed data of little economic significance. The German 10-year bond yield, which move inversely to its price, hovered around -0.404 percent, the yield on 30-year note traded steady at 0.087 percent and the yield on short-term 2-year remained tad down at -0.667 percent.