America’s Roundup: Dollar index trades weak close to over 2-month low, Wall Street closes lower, Gold hovers near 3-month peak, Oil gains after cyberattack powers closure of critical U.S. pipelines-May 11th,2021
Europe Roundup: Sterling set for second week of gains versus dollar, European stocks rebound, Gold rises, Oil prices rise but India coronavirus cases weigh-May 14th,2021
Europe Roundup: Euro gains against dollar ahead of U.S. jobs data, European stocks hit a record high , Gold gains,Oil prices set for weekly gain despite India virus surge-May 7th,2021
America’s Roundup: Dollar recovers from a nine-week low ,Gold hits two-week low,Wall Street gains,Oil climbs to fresh 6-week high on bullish demand-30th April,2021
Europe Roundup: Euro gains after upbeat German retail sales data, European shares gain,Gold inches higher, Oil slips towards $66 as India offsets demand hopes elsewhere-May 3rd, 2021
America’s Roundup: Dollar hits fresh 2-1/2 month low, Wall Street drops, Gold little changed, Oil prices rise on nagging fears of fuel shortages-May 12th,2021
Europe Roundup: Sterling slips against the dollar as investors look to BoE ,European shares inch higher, Gold edges lower, Oil prices drift lower on India demand hiccup-April 30th,2021
Europe Roundup: Euro dips against dollar in wake of US rates talk , European stocks rebound, Gold eases, Oil nears $70 as easing Western lockdowns boost summer demand outlook-May 5th,2021
America’s Roundup: U.S. dollar mixed as investors hold back ahead of Fed meeting, Wall Street ends mixed, Gold falls, Oil rises as OPEC+ seen sticking to policy despite India COVID surge-April 28th,2021
America’s Roundup: Dollar index little changed after more proof of rising inflation, Wall Street ends higher ,Gold rebounds, Oil drops 3% on India's COVID-19 catastrophe, U.S. pipeline restart-May 14th,2021
America’s Roundup: Dollar dips on improved risk appetite, investors await US jobs data ,Wall street gains, Gold rises,Oil prices fall 1% on worries of pandemic surge in India-May 7th,2021
America’s Roundup: Dollar heads for longest weekly losing streak since July ,Wall street ends lower,Gold prices dips, Oil prices slips as India's demand fears weigh-May 1st,2021
Europe Roundup: Sterling dips ahead of BoE meeting, Scottish elections, European shares dips ,Gold retreats from 2-month high, Oil rises on U.S., Europe demand growth optimism-4th May,2021
Europe Roundup: Sterling steadies above $1.40 against dollar, European shares dip, Gold hits 1-week low, Oil drops on India's COVID-19 crisis, pipeline resumption-May 13th,2021
America’s Roundup: Dollar dips after US retail sales data ,Wall Street ends higher, Gold rises, Oil prices jump as major U.S. fuel pipeline restarts but COVID concerns cap gains-May 15th,2021
Europe Roundup: Euro dips as dollar strengthens ahead of Fed meeting, European stocks slip, Gold slips to 1-week low, Oil prices steady as rising demand outlook tempered by COVID worries-April 28th,2021
Europe Roundup: Sterling slips further to $1.24, weighed down by Brexit,European shares rise, Gold on course for third weekly gain, Oil prices inch up as demand upswing counters virus concerns-June 26th,2020
• EU Private Sector Loans (YoY) 3.0%,3.0% previous
• EU May M3 Money Supply (YoY) 8.9% , 8.6% forecast, 8.3% previous
• EU May Loans to Non Financial Corporations 7.3%,6.6% previous
• Italian Public Deficit (Q1) -10.8%,-2.4% previous
• Italian June Business Confidence 79.8, 80.0 forecast, 71.2 previous
•Italian June Consumer Confidence 100.6, 97.5 forecast, 94.3 previous
Looking Ahead – Economic data (GMT)
• 12:30 US May Personal Income (MoM) -6.0% forecast, 10.5% previous
• 12:30 US May Core PCE Price Index (YoY) 0.9% forecast, 1.0% previous
• 12:30 US May Personal Spending (MoM) 9.0% forecast,-13.6% previous
• 12:30 US May Core PCE Price Index (MoM) 0.2% forecast, -0.4% previous
• 12:30 US May PCE Price index (YoY) 0.5 previous
• 12:30 US May PCE price index (MoM) -0.5% previous
• 12:30 US May Real Personal Consumption (MoM) -13.2% previous
• 14:00 US June Michigan Consumer Sentiment 79.0 forecast, 72.3 previous
• 14:00 US June Michigan Current Conditions 87.8 forecast, 82.3 previous
• 14:00 US June Michigan 5-Year Inflation Expectations 2.60%,2.70% previous
• 14:00 US June Michigan Consumer Expectations 73.1 forecast, 65.9 previous
• 14:00 US June Michigan Inflation Expectations 3.0% forecast, 3.2% previous
• 16:00 US May Dallas Fed PCE 1.40% previous
• 17:00 U.S. Baker Hughes Total Rig Count 266 previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro declined on Friday as dollar held firm as caution over rapid rises in U.S. coronavirus cases cast doubt over the reopening of the economy. Also supporting the greenback was the broader rise in corporate demand towards the end of quarter. That helped the dollar stay firm despite the stubbornly upbeat risk appetite seen in global equity markets. The euro eased to $1.1212, losing steam after hitting a one-week peak of $1.1348 on Tuesday though the currency has maintained weekly gains of about 0.4%. Immediate resistance can be seen at 1.1247 (23.6% fib), an upside break can trigger rise towards 1.1261 (14 DMA).On the downside, immediate support is seen at 1.1166 (22nd June ), a break below could take the pair towards 1.1126 (38.2% fib).
GBP/USD: Sterling dipped against the dollar on Friday as sterling was weighed down by uncertainty over Brexit negotiations and worries over a second wave of COVID-19 infections as Britain eases its lockdown measures. Sterling is below its pre-referendum levels and little progress has been made in agreeing the country’s future trading relationship with the bloc. The pound was below the key $1.25 level versus the dollar at $1.2388 at 1215 GMT, down 0.2% on the day. Immediate resistance can be seen at 1.2471 (100 DMA), an upside break can trigger rise towards 1.2574 (38.2% fib).On the downside, immediate support is seen at 1.2374 (Daily low), a break below could take the pair towards 1.2307 (50%fib).
USD/CHF: The dollar dipped against the Swiss franc on Friday as caution over rapid rises in U.S. coronavirus cases cast doubt over the reopening of the economy, keeping the allure of its safe-haven value. Data on Thursday showed weak demand is forcing U.S. employers to lay off workers, keeping new applications for unemployment benefits extraordinarily high, even as businesses have reopened. Initial claims for state unemployment benefits stood at a seasonally adjusted 1.48 million for the week ended June 20, down 60,000 from a week earlier but still double their peak during the 2007-2009 Great Recession. Immediate resistance can be seen at 0.9491 (Daily high), an upside break can trigger rise towards 0.9538 (50% fib).On the downside, immediate support is seen at 0.9449 (38.2% fib), a break below could take the pair towards 0.9409 (Lower BB).
USD/JPY: The dollar declined against the Japanese yen Friday as concerns about a surge in coronavirus cases continued to weigh on hopes of a swift economic recovery. Coronavirus cases continued to rise across the United States by at least 39,818 on Thursday, the largest one-day increase of the pandemic. Analysts say market participants have assumed a second coronavirus wave and renewed lockdowns will have limited impact because, if curbs resume, it could heighten the possibility of more stimulus for economies. Strong resistance can be seen at 108.07 (38.2% fib), an upside break can trigger rise towards 108.38 (200 DMA).On the downside, immediate support is seen at 106.76 (50% fib), a break below could take the pair towards 105.95 00(Lower BB).
European stocks inched higher on Friday, propped up by positive company updates, although investors remained cautious about a resurgence in U.S. COVID-19 cases and its impact on the global economy.
At (GMT 12:15 ),UK's benchmark FTSE 100 was last trading up at 1.41 percent, Germany's Dax was up by 0.56 percent, France’s CAC finished was up by 1.35 percent.
Gold prices edged up on Friday en route to a third straight weekly gain, as a spike in coronavirus cases dashed hopes of a quick economic recovery.
Spot gold rose 0.1% to $1,762.41 per ounce by 0953 GMT, having soared to a peak since Oct. 2012 at $1,779.06 on Wednesday, putting it on course for a 1.1% gain for the week.U.S. gold futures rose 0.2% to $1,774.70 per ounce
Oil prices inched up on Friday as the bullish impetus from signs of fuel demand recovery was kept in check by a rising number of new coronavirus cases in the United States and China and tentative expecations of U.S. output ticking up.
Brent crude futures were 40 cents higher at $41.45 at 1127 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 21 cents at $38.93.
Euro zone bond yields were broadly stable on Friday with the asset class expected to remain supported given uncertainty around coronavirus cases and geopolitical headlines into the weekend
Germany’s 10-year benchmark yield was unchanged at -0.47% , close to one-month lows hit on Thursday at -0.48%.
Italy’s 10-year yield was down 2 basis points at 1.35% after a sell-off that pushed it as much as 6 basis points higher a day earlier.