• America’s roundup: Dollar firms above 1-month lows on trade tensions, Wall street bounces, Gold retreats, Oil jumps 4% on U.S. stockpiles drop-december 5th,2019

    来源: FxWire Pro - Media Round Ups / 04 十二月 2019 20:33:55   Europe/London

    Market Roundup

    • U.S. private employers add fewest jobs in 6 months in Nov

    • Brazil Nov Markit Composite PMI  51.8, 51.8 previous

    • Brazil Nov Markit Services PMI  50.9, 51.2 previous

    • US Nov ADP Nonfarm Employment Change  67K, 140K forecast, 121K previous

    • Canada Labor Productivity (QoQ) (Q3) 0.2%,0.8% forecast, 0.1%  previous                            

    • US Nov All Car Sales  4.48M, 4.34M previous

    • US Nov All Truck Sales   12.61M, 12.19M previous

    • US Nov Markit Composite PMI  52.0, 51.9 forecast, 50.9 previous

    • US Nov Services PMI  51.6, 51.6 forecast, 50.6 previous

    • US Nov ISM Non-Manufacturing Business Activity  51.6, 56.1 forecast, 57.0 previous

    • US Nov ISM Non-Manufacturing Employment  55.5, 53.7 previous

    • US Nov ISM Non-Manufacturing New Orders 57.1, 55.6 previous

    • US Nov ISM Non-Manufacturing PMI  53.9, 54.5 forecast, 54.7 previous

    • US Nov ISM Non-Manufacturing Prices  58.5, 56.6 previous

    • Brazil   Foreign Exchange Flows -5.691B, 1.921B   forecast              

    Looking Ahead - Economic Data (GMT)

    • 23:00 Dec Japan Dec Reuters Tankan Index   -9

    • 23:50 Dec Japan Foreign Bonds Buying -155.2B     

    • 23:50 Japan Foreign Investments in Japanese Stocks

    • 00:30 Australia Oct Exports (MoM)   3% previous

    • 00:30 Australia Oct Imports (MoM) 3% previous

    • 00:30 Australia Oct Retail Sales (MoM) 0.3% forecast, 0.2% previous                                        
    Looking Ahead - Events, Other Releases (GMT)

    •   00:00 New Zealand RBNZ Gov Speaks 

    • 10:00 EU Finance Ministers Meeting

    • 10:00 Eurozone Eurogroup Meetings

    • 12:45 Canada BoC Gov Council Member Lane Speaks 

    • 15:00 US FOMC Member Quarles Speaks
               
    Currency Summaries

    EUR/USD: The euro declined against the dollar on Wednesday, as uncertainty about the progress of trade talks between the United States and China fuelled demand for the greenback.The dollar had come under some pressure this week as some decent eurozone data and surprisingly strong China survey figures raised hopes that the global economy will pick up traction next year and boost demand for non-U.S. currencies. Immediate resistance can be seen at 1.1115 (Daily High), an upside break can trigger rise towards 1.1156 (200 DMA).On the downside, immediate support is seen at 1.1041 (50 DMA), a break below could take the pair towards 1.1000 (Psychological Level).

    GBP/USD: Sterling rose against greenback on Wednesday, as investors betted that, a parliamentary majority under the right-leaning Conservative Party would do more good for the pound than ongoing worries about disintegration from the European Union. Polls have consistently given Johnson’s party a lead over the opposition Labour Party. While Johnson has vowed to take Britain out of the EU on Jan. 31, the Labour Party has said it would push for a second referendum on the departure. Immediate resistance can be seen at 1.3124 (Daily high), an upside break can trigger rise towards 1.3200 (Psychological level).On the downside, immediate support is seen at 1.2968 (5 DMA), a break below could take the pair towards 1.2928  (11 DMA).

    USD/CAD: The Canadian dollar strengthened to a two-week high against the greenback on Wednesday as investors cut bets that the Bank of Canada would ease interest rates over the coming months after upbeat comments by the central bank on the global economy. The Bank of Canada held its overnight rate at 1.75% as expected and cited early signs the global economy was stabilizing, while stressing that uncertainty caused by trade wars remained the main threat to its outlook. At (1952 GMT), the Canadian dollar was trading 0.7% higher at 1.3198 to the greenback.   Immediate resistance can be seen at 1.3255 (21 DMA), an upside break can trigger rise towards 1.3330 (Higher BB).On the downside, immediate support is seen at 1.3179 (Lower BB), a break below could take the pair towards 1.3100 (Psychological level).

    USD/JPY: The dollar strengthened against the Japanese yen on Wednesday, as nagging fears the Sino-U.S. trade war will drag on increased demand for safe haven assets. Washington and Beijing are moving closer to agreeing on the amount of tariffs to be rolled back in a phase-one trade deal, a Bloomberg report said. The report comes a day after U.S. President Donald Trump said a trade agreement may be delayed until after the November 2020 U.S. elections, which prompted a sell-off in dollar. Strong resistance can be seen at 109.61 (Higher BB), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 108.27 (Lower BB), a break below could take the pair towards 107.78 (100 DMA).

    Equities Recap

    European shares bounced back from a four-day slump on Wednesday, lifted by a report that Beijing and Washington are moving closer to a trade deal.   

    The UK's benchmark FTSE 100 closed up by 0.42 percent, Germany's Dax ended up  by 1.16 percent, and France’s CAC finished the up by 1.27 percent.

    Wall Street’s main indexes looked set to break a three-day losing streak on Wednesday, following a report that the United States and China were moving closer to signing a “phase one” trade deal.

    Dow Jones was last trading at 0.71 percent, S&P 500 was up 0.75 percent, Nasdaq  was up  0.64 percent.

    Treasuries Recap

    U.S. Treasury yields rose on Wednesday on a more positive outlook for a trade deal with China and showing the market zeroed in on slight changes in comments from U.S. President Donald Trump.

    The benchmark 10-year yield was up 5.8 basis points to 1.768% in morning trade, part of a broader enthusiasm for risk globally.              

    Commodities Recap

    Gold  prices rose to a near one-month high on Wednesday, as U.S. President Donald Trump’s comments dampened hopes for a quick preliminary trade agreement with China, driving support for safe-haven assets.

    Spot gold gained 0.3% to $1,482.02 per ounce by 0707 GMT, its highest since Nov. 7, while U.S. gold futures were up 0.2% to $1,487.90.

    Oil prices surged 4% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles.

    Brent crude futures were up $2.44, or 4%, at $63.26 a barrel by 11:09 ET (1609 GMT). U.S. West Texas Intermediate (WTI) crude futures were up $2.38, or 4.2%, at $58.48.

分享