Alessandro #IoMiVaccino 🇮🇹🇪🇺🇺🇸🇮🇱 · @pelias01
4th Aug 2015 from TwitLonger
Americas roundup: US Dollar rises on atlanta FED chief's rate hike view-august 5
Market Roundup
Fed's Lockhart Fed is close to being ready to raise rates, Sept could be appropriate time to hike.
Lockhart says economy would have to suffer significant deterioration for him not to support hike in Sept.
Japan PM adviser Honda sees no need for BOJ easing to meet inflation target, looks toward tapering.
Fonterra Dairy prices fall, volumes increase at auction.
Greece says no significant problems in privatization talks.
Greek stocks close down 1.2 percent, banks shed near 30 percent.
US Factory Ex-Transport MM Jun 0.5%, -0.1%-previous.
US Factory Orders MM Jun 1.8%, f/c 1.8%, -1.1%-previous.
US Nondef Cap Ex-Air R MM Jun 0.7%, 0.9%-previous
Looking Ahead - Economic Data (GMT)
22:45 New Zealand HLFS Unemployment Rate* Q2 f/c 5.9%, 5.80%-previous
22:45 New Zealand HLFS Job Growth QQ* Q2 f/c 0.5%, 0.70%-previous
22:45 New Zealand HLFS Participation Rate* Q2 f/c 69.6%, 69.60%-previous
22:45 New Zealand Labour Cost Index - QQ* Q2 f/c 0.5%, 0.30%-previous
22:45 New Zealand Labour Cost Index - YY* Q2 f/c 1.8%, 1.80%-previous
23:30 Australia AIG Services Index Jul 51.2-previous
01:45 China Caixin Services PMI Jul 51.8-previous
Looking Ahead - Events, Other Releases (GMT)
No Significant Events
Currency Summaries
EUR/USD is supported around 1.0815 levels and currently trading at 1.0892 levels. It has made session high at 1.0981 and lows at 1.0890 levels. The euro was trading slightly in bullish trend during early hours of New York session on Tuesday. The pair was unmoved and was trading flat after the release of US factory orders, which came in line with expectation. In the late hours in the New York session, dollar climbed to session highs against the euro, after the Wall Street Journal published online an interview with Atlanta Federal Reserve President Dennis Lockhart who said, the Fed is close to being ready to hike rates. The pair started to fall from, 1.0962 to hit session lows at 1.0885, in the late New York session. Meanwhile, earlier in the day, both Greece and its lenders said on Tuesday they were optimistic they could broker a deal within days on a multi-billion euro bailout, striking a surprisingly upbeat tone on a process previously fraught with bitterness. To the upside, immediate resistance can be seen at 1.0915. To the downside, major support level is located at 1.0870 levels.
GBP/USD is supported around 1.5545 levels and currently trading at 1.5585 levels. It has made session high at 1.5626 and low at 1.5560 levels. The dollar rose sharply against the sterling after Federal Reserve Bank of Atlanta President Dennis Lockhart, a member of the Fed's policy setting committee who typically votes with the core, told the Wall Street Journal it would take a sharp turn for the worst in economic data to change his view in support of a rate hike after the mid-September meeting. The cable fell from 1.5663 to hit session lows at 1.5552. Earlier in European session, Construction PMI data was released, which printed worse than expected figures at 57.1 against the forecast of 58.4. Growth in Britain's construction industry slowed unexpectedly in July, hurt by a loss of momentum in house building and civil engineering, according to a survey published on Tuesday that highlighted the economy's reliance on its services sector. To the upside, immediate resistance can be seen at 1.5630. To the downside, major support level is located at 1.5460 levels.
USD/JPY is supported around 123.90 levels and currently trading at 124.31 levels. It has made session high at 124.39 and low at 123.92 levels. The dollar rose against Japanese yen on Tuesday, in the late hours in US session, as a top U.S. Federal Reserve official voiced support for an interest rate increase in September despite a batch of disappointing data on wages and manufacturing activity. A record small rise in second-quarter U.S. wages posted on Friday and a surprise fall in a private measure of domestic manufacturing activity on Monday had raised doubts about a possible Fed interest rate hike in September. The greenback rose 0.3 percent on the day to 124.33 Japanese yen. To the upside, immediate resistance can be seen at 124.40. To the downside, major support level is located at 123.70 levels.
USD/CAD is supported around 1.3100 levels and currently trading at 1.3161 levels. It has made session high at 1.3173 and low at 1.3112 levels. The Canadian dollar slipped against US dollar on Tuesday after the Wall Street Journal reported that Atlanta Federal Reserve president Dennis Lockhart would likely support a rate hike in September. Canadian dollar hit weakest close against the U.S. dollar in over a decade helped by a steadying decline in the price of oil, a major Canadian export. Meanwhile Business conditions in the Canadian manufacturing sector continued to improve for the second month in a row in July, but at a slower pace than June, with an increase in export sales supporting the recovery. The RBC Canadian Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions released on Tuesday, slid to 50.8 last month from June's six-month high of 51.3. To the upside, immediate resistance can be seen at 1.3200. To the downside, major support level is located at 1.3105 levels.
Equities Recap
European stocks closed lower on Tuesday, as investors kept their focus on the newly reopened Athens stock exchange. UK's benchmark FTSE 100 slipped 0.1 percent at close, the pan-European FTSEurofirst 300 closed, down by 0.2 percent, Germany's Dax closed up by 0.2 percent, France's CAC closed down at 0.2 percent, Italy's FTSE MIB closed down by 1 percent. Meanwhile, Spain's IBEX 35 was down by 1.6 percent at close.
US stocks ended lower at close on Tuesday, as further decline was reported by corporate earnings and improving oil prices. Dow Jones closed down by 0.27 percent, S&P 500 closed down by 0.22 percent, Nasdaq closed down by 0.19 percent.
Treasuries Recap
U.S. Treasuries prices fell on Tuesday after comments from a top Federal Reserve official revived expectations that the central bank would hike interest rates in September, while profit-taking ahead of a key U.S. jobs report also weighed on prices.
Benchmark 10-year Treasury notes were last down 17/32 in price to yield 2.21 percent, from a yield of 2.15 percent late Monday. U.S. 30-year bonds were last down 22/32 in price to yield 2.90 percent, from a yield of 2.86 percent late Monday.
Three-year notes were last down 7/32 to yield 1.06 percent, from a yield of 0.97 percent late Monday.
Commodities Recap
Global crude prices advanced from multi-month lows on Tuesday, helped by a stock market rally in No. 2 oil consumer China, but abundant supply and a weak demand outlook make crude's rebound unlikely to hold, traders and analysts said.
Brent, the world benchmark for oil, and U.S. crude settled up for the first time in four sessions and after Monday's 5 percent rout triggered by weak factory activity in China.
At the close, Brent was up 47 cents, or 1 percent, at $49.99 a barrel. It hit a six-month low on Monday, coming within cents of its 2015 bottom of $49.19.
U.S. crude settled up 57 cents, or 1.3 percent, at $45.74. It plumbed a four-month bottom of $45.17 the previous session, about $3 from the year low.
Gold retreated from intraday highs on Tuesday as the dollar moved higher and a voting member of the U.S. Federal Reserve said he is ready to support an interest rate increase in September.
Spot gold was up 0.2 percent at $1,087.61 an ounce at 3:10 p.m. EDT (1910 GMT), not far above the $1,077 it hit on July 24, the lowest since February 2010.
U.S. gold futures for December delivery settled up 0.1 percent at $1,090.70 an ounce.
Source: FxWire Pro