Europe Roundup: Euro falls after weak Eurozone inflation data, European stocks jumps,Gold firms, Oil hits highest since late Feb on Saudi cuts, U.S. stock draw-January 7th,2020
America’s Roundup: Dollar drops for third day on U.S. stimulus optimism, Gold slips on profit taking, Wall Street hovers near record highs, Oil steadies after unexpected build in U.S. crude stockpiles-22nd January, 2021
America’s Roundup: Dollar advances as investors shy away from risk, Wall Street ends mixed,Gold pares gains ,Oil rises 1% on U.S. stimulus hopes, supply concerns-January 26th,2021
America’s Roundup: Dollar index languishing near 2-1/2-year low ,Wall Street ends higher, Gold gains, Oil prices jump 5% on OPEC+ output talks, Iran tension-January 6th,2020
America’s Roundup: Dollar slides vs most currencies on optimism about Biden administration, Wall Street closes at record highs, Gold gains over 1%, Oil rises on U.S. stimulus hopes, tighter market under Biden-January 21,2021
Europe Roundup:Euro gains before ECB meeting, European stocks rise, Gold hits 2-week high, Oil dips after unexpected rise in U.S. crude stocks-January 21st,2021
Europe Roundup: Euro gains following ECB meeting,European stocks fall, Gold slips, Oil down 2% as China COVID-19 cases trigger clampdowns-January 22nd ,2021
America’s Roundup:Dollar gains at end of tumultuous year,Wall Street ends higher, Gold little changed, Oil edges higher, but posts 20% annual drop in tumultuous 2020-January 1st,2020
America’s Roundup: Dollar hits near three-week peak, Wall St ends lower,Gold eases, Brent crude falls on renewed lockdowns –January 11tyh,2021
America’s Roundup: Dollar up from 2018 lows on economic hopes, Wall Street ends higher, Gold slips, Oil hits 11-month highs on Saudi cuts, shrugs off U.S. turmoil-January 8th,2021
Europe Roundup: Euro eases as dollar ticks higher, European shares dip, Gold eases, Oil steadies as U.S. inventory fall tempers demand woes-January 13th,2021
America’s Roundup: Dollar index hits four-week high, Gold inches up, Oil slips on coronavirus fears-January 19th,2021
America’s Roundup: Dollar rebounds off March 2018 low as Georgia elections point to Dem sweep, Wall Street ends mixed, Gold slides more than 2% , Oil rises to 10-month high after Saudi output cut, U.S. inventory draw-January 7th,2021
Europe Roundup: Euro gains on Brexit and vaccine optimism, European shares rally, Gold gains,Oil prices touch multi-month highs as OPEC+ expected to cap output-January 4th,2021
America’s Roundup: Dollar index rises on upbeat U.S. consumer price data ,Wall Street gains, Gold eases , Oil falls on demand concern despite U.S. inventory dip-January 14th,2021
Europe Roundup: Euro dips on downbeat economic data and worries on rising coronavirus cases,European stocks rise,Gold eases, Oil prices edge up, but lockdowns restrain gains-January 25th,2021
America’s Roundup: Dollar falls on talk of new U.S. stimulus, Wall Street closes higher, Gold slips, Oil prices slip as surge in virus cases raises concerns about demand-November 20th,2020
• US Jobless Claims 4-Week Avg 742.00K, 755.25K previous
• US Initial Jobless Claims 742K,707K forecast, 709K previous
• US Continuing Jobless Claims 6,372K,6,470K forecast, 6,786K previous
• Canada ADP Nonfarm Employment Change -79.5K, -240.8K previous
• US Nov Philly Fed Prices Paid 38.90, 28.50 previous
• US Nov Philly Fed New Orders 37.9, 42.6 previous
• US Nov Philly Fed Employment 27.2, 12.7 previous
• US Nov Philly Fed CAPEX Index 25.50,36.50 previous
• US Nov Philly Fed Business Conditions 44.3, 62.7 previous
• US Nov Philadelphia Fed Manufacturing Index 26.3, 22.0 forecast, 32.3 previous
• US Oct Leading Index (MoM) 0.7%, 0.7% forecast, 0.7% previous
• US Oct Existing Home Sales (MoM) 4.3%, -1.2% forecast, 9.4% previous
• US Oct Existing Home Sales 6.85M, 6.45M forecast, 6.54M previous
• US Natural Gas Storage 31B, 15B forecast, 8B previous
• US KC Fed Manufacturing Inde x 11, 23 previous
• US KC Fed Composite Index20, 13 previous
• US 4-Week Bill Auction 0.070%, 0.085% previous
• US 8-Week Bill Auction0.070%, 0.090% previous
Looking Ahead Economic Data
• 23:50 Japan Oct CPI, n.s.a (MoM) -0.1% previous
• 23:50 Japan Oct National Core CPI (YoY) -0.7%, -0.3% previous
• 23:50 Japan Oct National CPI (YoY ) -0.3%,0.0% previous
• 23:50 Japan CPI Tokyo Ex Food and Energy (MoM) 0.0% previous
• 00:30 Japan Nov Manufacturing PMI 49.4 forecast, 48.7 previous
•00:30 Australia Oct Retail Sales (MoM) -1.5% forecast, -1.1% previous
• 00:30 Japan Services PMI 47.7 previous
• 01:30 China House Prices (YoY) 4.6% previous
• 01:30 China PBoC Loan Prime Rate 3.85%
Looking Ahead - Events, Other Releases (GMT)
•No significant Events
EUR/USD: The euro declined against dollar on Thursday as a weak reading on U.S. employment and concerns that new COVID-19 restrictions could stifle economic recovery offset optimism about coronavirus vaccines. A surge in novel coronavirus infections in the United States could slow growth, and the U.S. central bank will use all of its tools to bring the economy back to full strength, New York Federal Reserve Bank President John Williams said Wednesday. The U.S. death toll from COVID-19 passed 250,000 and COVID-19 hospitalisations hit a new high on Wednesday as a rise in cases prompted fresh lockdown measures throughout the country. Immediate resistance can be seen at 1.1850 (38.2%fib), an upside break can trigger rise towards 1.1884 (23.6%fib).On the downside, immediate support is seen at 1.1818 (50%fib), a break below could take the pair towards 1.1784 (61.8% fib).
GBP/USD: The pound fell against dollar on Thursday against a rebounding dollar in generally cautious global markets, while pound traders waited for hints about the likelihood of the UK and European Union reaching a post-Brexit trade deal before the Dec. 31 deadline.Britain left the EU in January and both sides are in talks to agree a future trading relationship after Britain loses access to the customs union and single market in 2021. At 1230 GMT, the pound was down 0.4% versus the dollar, at $1.3237, looking set to break its winning streak of the past four days. Immediate resistance can be seen at 1.3272 (38.2%fib), an upside break can trigger rise towards 1.3362 (23.6%fib).On the downside, immediate support is seen at 1.3206(50%fib), a break below could take the pair towards 1.3128 (61.8 % fib).
USD/CAD: The Canadian dollar rose against the greenback on Thursday as the prospect of renewed U.S. economic stimulus talks bolstered investor sentiment, but gains were capped by the surge in global COVID-19 cases, with the currency sticking to this week’s range.The Canadian dollar was trading 0.2% higher at 1.3061 to the greenback. The currency traded in a range of 1.3059 to 1.3123, within the narrow 1.3030 to 1.3141 band seen since the start of the week. Immediate resistance can be seen at 1.3099(38.2%fib), an upside break can trigger rise towards 1.3134 (20DMA).On the downside, immediate support is seen at 1.3026(23.6%fib), a break below could take the pair towards 1.2925(Nov 9th low).
USD/JPY: The dollar dipped against the Japanese yen on Thursday as investors grew cautious about the persistent rise in coronavirus infections that forced localized shutdowns around the world, with broad optimism about upcoming COVID-19 vaccines fading a bit.The U.S. death toll from COVID-19 passed 250,000 on Wednesday as New York City's public school system, the country's largest, halted in-person instruction, citing a jump in infection rates. The greenback showed little reaction though after data showed U.S. weekly jobless claims increased to a seasonally-adjusted 742,000 for the week ended Nov.Strong resistance can be seen at 104.10 (38.2% fib), an upside break can trigger rise towards 104.46 (50% fib).On the downside, immediate support is seen at 103.71 (5 DMA), a break below could take the pair towards 103.16 (Lower BB).
European stocks closed lower on Thursday following sharp losses on Wall Street as investors feared another round of shutdowns due to soaring coronavirus cases in the United States and Europe..
UK's benchmark FTSE 100 closed down by 0.80 percent, Germany's Dax ended down by 0.88 percent, France’s CAC finished the day down by 0.67 percent.
U.S. stocks ended in positive territory on Thursday as fresh stimulus hopes buoyed investor sentiment toward the end of a session fraught with worries over mounting shutdowns and layoffs linked to spiraling COVID-19 infection rates.
Dow Jones closed up by 1.16% percent, S&P 500 closed up by 0.39% percent, Nasdaq settled up by 0.87% percent.
U.S. Treasury yields fell on Thursday as the prospect of a weak fourth economic quarter overcame optimism that vaccines against COVID-19 are close to being rolled out and could return the economy to normal.
Benchmark 10-year yields fell 3 basis points to 0.855%. The yields are down from an eight-month high of 0.975% last week, when supply and optimism over vaccines pushed the rates higher.
Gold fell to a one-week low on Thursday as the dollar regained momentum and optimism that progress on vaccine development would hasten economic recovery eroded bullion's safe-haven appeal.
Spot gold fell 0.5% to $1,861.35 per ounce by 1311 GMT, having earlier hit its lowest since Nov. 9 at $1,854.60. U.S. gold futures slipped 0.7% to $1,860.80.
Oil prices slipped on Thursday as hopes for a vaccine were overshadowed by a surge in new cases of the coronavirus around the world, which raised concerns about the outlook for crude demand.
Brent crude settled down 14 cents to $44.20 a barrel. U.S. West Texas Intermediate crude slipped 8 cents to settle at $41.74 a barrel.