Friday 17 July 2020 Dollar holds gains on safe haven bid as economic risks grow Asia Pacific stocks mostly higher following Thursday’s plunge in mainland Chinese shares Oil prices steady as clouds gather over fuel demand, looser supply curbs OUR TECHNICAL ANALYSIS – USD / INR The Indian rupee is expected to trade little changed…
Thursday, 16 July 2020 China’s second-quarter GDP grows 3.2% year-on-year, beats expectations Dollar nurses losses as investors wait for China data Asian markets look to continue upward run on vaccine hopes Oil prices slip after OPEC, allies agree to loosen oil supply curbs China’s economy grew 3.2% in the second-quarter from a year earlier, data…
Wednesday, 15 July 2020 Euro hits four-month high vs. dollar on stimulus, recovery hopes Asian markets set to shake off coronavirus spread, U.S.-China tensions Oil rises after U.S. crude stocks drop, focus on OPEC+ meeting Currencies The euro rose to a four-month high against the dollar on Wednesday on hopes European Union leaders may agree…
Tuesday, 14 July 2020 Dollar in narrow range as U.S.-China tensions simmer, virus cases rise Asian markets struggle to digest coronavirus spike Oil slips on surge in COVID-19 infections, U.S.-China tension Currencies The dollar was hemmed into narrow ranges against most currencies on Tuesday as renewed concerns about diplomatic tension between the United States and…
Monday, 13 July 2020 Dollar starts week on back foot ahead of data, earnings Asian shares firm, hope for best from U.S. earnings Oil slips as traders eye supply cut easing at OPEC meeting Currencies The U.S. dollar started the week with a soft tone on Monday as investors looked to looming economic data from…
Friday, 10 July 2020 Dollar, safe-haven currencies buoyed by U.S. coronavirus anxiety Asian stocks fall on virus worry, China stock rally pauses Oil dips, heading for weekly loss as virus cases rise Currencies The dollar and other safe-haven currencies were well bid on Friday after a surge in new coronavirus cases in the United States…
Thursday, 9 July 2020 Dollar eyes multi-week lows as risk assets rally Asian stocks set to rise as focus swings to recovery prospects Oil settles higher on improving U.S. gasoline demand Currencies The dollar nursed losses against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a…
Wednesday, 8 July 2020 Dollar holds gains as coronavirus woes sap confidence Asian shares mixed as corporate earnings loom Oil dips as U.S. inventory build stokes supply fears Currencies The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted…
Tuesday, 7 July 2020 Dollar wallows as data temper recovery doubts Asian stocks set to follow U.S. higher on China hopes, upbeat data Oil steady as hopeful economic data face spike in virus cases Currencies The dollar nursed losses on Tuesday and riskier currencies added a fraction to galloping gains, after better-than-expected U.S. services data…
Monday, 6 July 2020 Dollar in tight range ahead of U.S. services sector data Asia shares at four-month peak, stimulus trumps virus fears Oil prices mixed as coronavirus spike casts shadow over U.S. demand Currencies The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector…