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
Europe Roundup: Euro cruises higher as dollar skids again, European stocks gain,Gold rises,Oil rises on hopes U.S. pandemic stimulus will spur fuel demand-December 29th,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 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
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 index on track for biggest weekly gain since November, Wall Street drops, Gold falls 1%, Oil drops over 2% on China lockdowns, U.S. stimulus concerns-January 16th,2021
America’s Roundup: U.S. dollar inches up, pound gains after UK, EU strike Brexit trade deal, Wall Street gains, Gold rises, Oil edges higher after Brexit deal, gains capped by pandemic-December 25th,2020
Europe Roundup: Euro rises near 2-1/2 high, European stocks rise, Gold steady, Oil prices up as dollar and U.S. oil inventories fall-December 30th,2020
Europe Roundup: Pound extends gains on new post-Brexit transition time for swaps trading, Gold dips, European shares retreat, Gold dips, Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus-December 31st,2020
Europe Roundup: Euro lifted by U.S. stimulus cheer, European shares gains, Gold gains 1%, Oil rises to touch $52 after Trump signs aid bill-December 28th,2020
Europe Roundup: Euro falls to three-week lows as U.S. yields climb, European shares retreat, Gold gains, Oil falls on renewed lockdowns, stronger dollar-January 11th,2021
Europe Roundup: Sterling gains on tentatively on lifting of French blockade, Brexit deal hopes, European shares gain,Gold gains, Oil steadies as surprise U.S. stockbuild weighs-December 23rd,2020
Europe Roundup: Euro slips further as focus shifts to U.S. stimulus, European stocks rises,Gold edges lower, Oil prices ease as pandemic outweighs Chinese and U.S. data-January 14th,2021
Europe Roundup: Sterling dips as new lockdown weighs on struggling economy European shares inch higher, Gold hits two-month peak, Oil prices up $1 on OPEC output cut talks, Iran tension-January 5th,2021
America’s Roundup: U.S. dollar dips as Brexit trade deal nears, Wall Street ends higher, Gold firms, Oil gains 2% after draws in U.S. product inventories-December 24th,2020
America’s Roundup: Dollar recovers from early fall, Wall Street climbs, Gold advances, Oil prices dip as demand concerns counter U.S. stimulus-December 29th,2020
America’s Roundup: U.S. dollar rises on quarter-end flows, Wall Street slides, Gold slides, Oil steady on U.S.-Russia energy talks but still near 18-year lows-April 1st,2020
• Canada Jan GDP (MoM) 0.1%,0.1% forecast, 0.3% previous
• Canada Feb IPPI (YoY) -0.3%,0.5% previous
• Canada Feb IPPI (MoM) -0.5% , 0.1% forecast, -0.3% previous
• Canada Feb RMPI (YoY) -5.9%,1.7% previous
• US Redbook (MoM) 1.3%,1.7% previous
• US Redbook (YoY) 6.3%.9.1% previous
• US March CB Consumer Confidence
120.0, 110.0 forecast, 132.6 previous
• US March Chicago PMI 47.8. 40.0 forecast. 49.0 previous
• US March Dallas Fed Services Revenues -67.0, 14.0 previous
Looking Ahead - Economic Data (GMT)
• 21:30 Australia March AIG Manufacturing Index 44.3 previous
• 21:30 Australia Manufacturing PMI 50.1 forecast. 50.2 previous
• 23:50 Japan Tankan All Big Industry CAPEX (Q1) -1.1% forecast.6.8% previous
• 23:50 Japan Tankan Big Manufacturing Outlook Index (Q1) -14 forecast, 0 previous
• 23:50 Japan Tankan Large Manufacturers Index (Q1) -10 forecast,5 previous
• 23:50 Japan Tankan Large Non-Manufacturers Index (Q1) 6 forefast. 20 previous
• 00:00 Australia Feb Building Approvals (MoM) 4.5% forecast, -15.3% previous
• 00:00 Australia Feb Private House Approvals 0.3% previous
• 01:45 China March Caixin Manufacturing PMI 45.5, 40.3 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Tuesday as investors assed the impact of massive official stimulus efforts against a near total shut down in global supply chains due to the coronavirus pandemic. Fears of a deep and lasting global recession, an unexpected expansion in Chinese factory data offered a glimmer of hope for economic growth, but analysts cautioned that a durable near-term recovery was still far from assured. Immediate resistance can be seen at 1.1011 (55 DMA), an upside break can trigger rise towards 1.1055 (21 DMA).On the downside, immediate support is seen at 1.0928 (Daily low), a break below could take the pair towards 1.0900 (Psychological level).
GBP/USD: The pound fell against the dollar on Tuesday as the U.S. currency gained strength due to its safe-haven properties amid the spread of the coronavirus. Concerned by the number of growing COVID-19 cases in the United States, where the reported cases are nearly double those in China, investors bought the dollar against sterling and other major currencies considered riskier than the U.S. currency. The pound traded 0.13% lower at $1.2415. Immediate resistance can be seen at 1.2416 (38.2 %fib), an upside break can trigger rise towards 1.2500 (Psychological level).On the downside, immediate support is seen at 1.2219 (50% fib), a break below could take the pair towards 1.2040 (61.8% fib).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Tuesday as oil prices rose and domestic data showed the economy grew in January, but the loonie was on track for its biggest monthly decline in more than five years. U.S. crude oil futures were up 2.4% at $20.58 a barrel on Tuesday after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks on stabilizing energy markets. At (19:30 GMT), the Canadian dollar was trading 0.3% higher at 1.4119 to the greenback .Immediate resistance can be seen at 1.4170 (5 DMA), an upside break can trigger rise towards 1.4253 (11 DMA).On the downside, immediate support is seen at 1.4000 (Psychological level), a break below could take the pair towards 1.4943 (21 DMA).
USD/JPY: The dollar rose against the yen on Tuesday amid fiscal year-end demand by Japanese companies. Tuesday is the last trading day of Japan’s fiscal year and the end of the quarter for major investors elsewhere, which has fueled some volatility as big currency market players closed their books. The bulk of those positioning changes caused the dollar to strengthen. At ( GMT 18:00) The dollar against basket of six currencies was last trading 0.4% higher at 99.8. It reached 102.99, its highest in more than three years, earlier this month as a global market selloff fuelled a rush for dollars. Strong resistance can be seen at 108.66 (6.8% fib), an upside break can trigger rise towards 109.00 (Psychological level).On the downside, immediate support is seen at 107.56 (50 % fib), a break below could take the pair towards 106.46 (38.2 % fib).
European stocks rose on Tuesday as strong Chinese factory data held out hope for an economic revival even as much of the rest of the world shut down to fight the coronavirus.
UK's benchmark FTSE 100 closed up by 1.95 percent, Germany's Dax ended down by 1.22 percent, France’s CAC finished the day down by 0.40 percent.
Wall Street’s slide deepened on Tuesday, with the S&P 500 was set for its worst first quarter since 1938 on growing evidence of a largescale corporate damage from the coronavirus pandemic as well as a near collapse in oil prices.
At (GMT 19:43) Dow Jones closed was last trading down by 1.61 percent, S&P 500 was down by 1.52 percent, Nasdaq was down by 1.12 percent.
U.S. Treasury yields were little changed on Tuesday as the Federal Reserve continued its aggressive purchases and managers rebalanced their portfolios with the end of the first quarter.
The benchmark 10-year yield was up 2.4 basis points at 0.69475% in morning trading.
Gold prices dipped over 2% to their lowest in a week on Tuesday as the dollar firmed, but the metal was on track for a sixth straight quarterly rise on concerns of global economic damage due to the coronavirus pandemic.
Spot gold fell 0.8% at $1,609.64 per ounce by 11:14 am EDT (1514 GMT). U.S. gold futures lost 0.6% to $1,611.60.
Oil prices steadied on Tuesday, with the U.S. crude benchmark climbing off 18-year lows after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks on stabilizing energy markets.
Brent crude futures was 2 cents lower at $22.74 a barrel by 12:48 p.m. ET (1648 GMT) ahead of expiration after closing on Monday at $22.76, its lowest finish since November 2002.
U.S. crude was up 23 cents at $20.32 after settling in the previous session at $20.09, its lowest since February 2002.