Europe Roundup: Sterling strengthens, helped by UK vaccine rollout and better retail sales , European stocks hits 1-week high, Gold ekes out gains ,Oil prices rise on fears Suez blockage may last weeks-March 26th,2021
Europe Roundup: Euro edges lower after mixed economic data from Germany, European shares flat,Gold slips from one-month high, Oil prices dip on mixed supply and demand outlook-April 9th,2021
America’s Roundup: Dollar rises as minutes shows Fed committed to supporting economic recovery, Gold edges lower, Oil up on global economic recovery, but high U.S. gasoline stocks weigh-April 8th,2021
Europe Roundup: Sterling falls to two-week low on EU vaccine export ban talk, European stocks dips, Oil falls more than 3% as European coronavirus curbs point to demand hit-March 23rd, 2021
America’s Roundup: Dollar rallies on U.S. recovery hopes, Wall Street gains,Gold slips, Oil prices drop 4% as new lockdowns undermine hopes for economic recovery-March 26th,2021
Europe Roundup: Pound gains versus dollar,driven by UK outperformance on vaccine rollout, Gold eases, Oil drops below $64 as rising OPEC+, Iranian output weighs-April 5th,2021
America’s Roundup: Dollar retreats as profit-taking, Wall Street ends lower, Gold scales over 1-week peak, Oil gains over 1% on strong U.S., China economic data-April 7th,2021
Europe Roundup: Sterling hits one-week low vs dollar, European stocks pause near record high, Gold falls, Oil prices slip despite stronger economic outlook-April 7th,2021
America’s Roundup: Dollar buoyant as economic outlook brightens, Wall Street rallies, Gold prices eases, Oil jumps 4% on fears Suez Canal blockage may last weeks-March 27th,2021
America’s Roundup: Dollar drops as traders prepare for inflation data, Wall Street ends mixed, Gold slips, Oil rises on U.S. vaccine rollout, Middle East tension-April 13th,2021
America’s Roundup: U.S. dollar hits one-year high vs yen, Wall Street gains, Gold rises,Oil prices fall as OPEC+ concerns weigh-April 1st,2021
America’s Roundup: Dollar inches higher after Yellen, Powell signal U.S. economic strength, Wall Street ends lower, Oil up after Suez Canal ship grounding-March 25th,2021
America’s Roundup: Dollar drops to three-week lows after inflation data,Wall Street ends mixed, Gold gains, Oil rises 1% after robust China data but J&J vaccine pause weighs-April 14th,2021
America’s Roundup: Dollar gains as improving U.S. outlook lifts greenback, Wall Street falls, Gold slips, Oil falls 1% as traffic in Suez Canal resumes-March 30th,2021
Europe Roundup: Euro edges higher against dollar after Euro zone factory activity jumps, European shares gain, Gold rises, Oil up as OPEC+ meets to decide on production policy-April 1st,2021
Europe Roundup: Euro dips as dollar, yields advance, European shares gain, Gold slides more than 1%, Oil falls as Suez opens, focus turns to OPEC+ output cuts-March 30th,2021
America’s Roundup: Dollar firms on sudden spike in U.S. Treasury yields,Wall Street ends sharply lower, Gold slides more than 2%, Oil mixed, U.S. crude hits highest since 2019 as refineries restart-February 26th,2021
• Russia Central Bank reserves (USD) 585.7B, 591.5B previous
• US GDP (QoQ) (Q4) 4.1%, 4.2% forecast,4.0% previous
• US Real Consumer Spending (Q4) 2.4%,2.5% previous
• US Core PCE Prices (Q4) 1.40%,1.40% forecast, 1.40% previous
• US GDP Price Index (QoQ) (Q4) 2.0%,2.0% forecast, 1.9% previous
• US Jan Core Durable Goods Orders (MoM) 1.4% , 0.7% forecast, 1.1% previous
• US Jan Durables Excluding Defense (MoM) 2.3%, 0.8% previous
• US Initial Jobless Claims 730K, 838K forecast, 861K previous
• US Jobless Claims 4-Week Avg 807.75K,833.25K previous
• US Continuing Jobless Claims 4,419K, 4,467K forecast, 4,494K previous
• US Jan Pending Home Sales (MoM) --2.8%, 0.2% forecast, -0.3% previous
• US Jan Pending Home Sales Index 122.8, 125.5 previous
• US Feb KC Fed Composite Index 24, 17 previous
• US Feb KC Fed Manufacturing Index 26, 22 previous
Looking Ahead - Economic Data (GMT)
• 23:30 Japan Feb CPI Tokyo Ex Food and Energy (MoM) 0.2% previous
• 23:30 Japan Feb Tokyo CPI (YoY) -0.5% previous
• 23:30 Japan Feb Tokyo Core CPI (YoY) -0.4% forecast, -0.4% previous
• 23:30 Japan Feb Industrial Production forecast 1m ahead (MoM) 8.9% previous
• 23:30 Japan Industrial Production forecast 2m ahead (MoM) 0.3% previous
• 23:50 Japan Jan Industrial Production (MoM) 4.0% forecast, -1.0% previous
• 23:50 Japan Foreign Bonds Buying 477.1B previous
• 23:50 Japan Jan Retail Sales (YoY) -2.6% forecast, -0.2% previous
• 23:50 Japan Jan Industrial Production forecast 2m ahead (MoM) -0.3% previous
• 23:50 Japan Jan Industrial Production (MoM) 4.0% forecast, -1.0% previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro gained against dollar on Thursday as better than expected Euro zone sentiment boosted euro. Euro zone economic sentiment rose more than expected in February, buoyed by more optimism in industry, services and among consumers, boosting inflation expectations among producers and consumers, data showed on Thursday. The European Commission’s monthly sentiment survey showed economic optimism in the 19 countries sharing the euro rose to 93.4 points this month from 91.5 in January . Immediate resistance can be seen at 1.2242 (Daily high), an upside break can trigger rise towards 1.2309 (23.6%fib).On the downside, immediate support is seen at 1.2172(38.2%fib), a break below could take the pair towards 1.2130 (9DMA).
GBP/USD: Sterling declined against dollar on Thursday sterling attracted seller as investors took precautions steps against the threat of inflation. Meanwhile, data showed fewer Americans filed new claims for unemployment benefits last week as COVID-19 infections fell, but the near-term outlook remained unclear after winter storms wreaked havoc in the South this month. Sterling was last trading 0.05% lower on the day at $1.4009. Immediate resistance can be seen at 1.4177 (Daily high), an upside break can trigger rise towards 1.4247 (Feb 5th high).On the downside, immediate support is seen at 1.4088(5DMA), a break below could take the pair towards at 1.4055 (38.2%fib).
USD/CAD: The Canadian dollar weakened on Thursday by the most in four weeks against the greenback, as surging U.S. bond yields pressured global equity markets, with the loonie pulling back from a three-year high. The price of oil, one of Canada's major exports, edged up to its highest close since 2019 as Texas refineries restarted production after last week's freeze. The loonie was trading 0.7% lower at 1.2596 to the greenback, or 79.39 U.S. cents, its biggest decline since Jan. 27. During the session, the loonie touched its strongest intraday level since February 2018 at 1.2468. Immediate resistance can be seen at 2163(9DMA), an upside break can trigger rise towards 1.2689(38.2%fib).On the downside, immediate support is seen at 1.2557(Daily low), a break below could take the pair towards 1.2615 (11 DMA).
USD/JPY: The dollar strengthened against the yen on Thursday after yields on 10-year U.S. Treasuries jumped as high as 1.6% following weaker than expected bids in a U.S. government debt auction. The move was the latest example of currency markets taking their cue from bonds, which have been moving on the changing outlook for economic growth and inflation following unprecedented government stimulus and monetary easing along with increasing COVID-19 vaccinations. The dollar was up 0.13% against a basket of currencies in the early New York afternoon after dipping as much as 0.26% to 89.677, its lowest since Jan. 8. Strong resistance can be seen at 106.16 (38.2%fib), an upside break can trigger rise towards 106.52(23.6%fib).On the downside, immediate support is seen at 106.10 (50%fib), a break below could take the pair towards 105.58 (61%fib).
European shares ended lower on Thursday, as higher bond yields and volatility in U.S. markets offset optimism about a euro zone economic recovery, while weak earnings from Standard Chartered and Anheuser-Busch also weighed.
UK's benchmark FTSE 100 closed up by 0.11percent, Germany's Dax ended down by 0. 69percent, France’s CAC finished the day up by 0.24 percent.
Wall Street’s main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields.
Dow Jones closed down by 1.75% percent, S&P 500 closed down by 2.45% percent, Nasdaq settled down by 3.52% percent.
Wall Street’s main indexes recoiled from record highs on Thursday as surging U.S. Treasury yields took the shine off stocks now that a strong economic recovery looked more certain and investors clung to concerns that inflation would rise.
The benchmark 10-year note yield surged more than 20 basis points to a one-year high above 1.6%.
Gold prices fell as much as 2.2% to a near one-week low on Thursday as a surge in U.S. Treasury yields and better-than-expected economic data out the United States dented demand for the safe-haven metal.
Spot gold was down 1.8% at $1,772.86 per ounce at 01:49 p.m. ET (1849 GMT), after earlier touching its lowest since Feb. 19 at $1,765.06.
Oil prices were mixed on Thursday with U.S. crude edging up to its highest close since 2019 as Texas refineries restarted production after last week’s freeze, while Brent eased on worries that four months of gains will prompt producers to boost output.
Brent futures for April delivery fell 16 cents, or 0.2%, to settle at $66.88 a barrel. The April Brent contract expires on Friday.
U.S. West Texas Intermediate (WTI) crude, meanwhile, ended 31 cents, or 0.5%, higher at $63.53, its highest close since May 2019.