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
Europe Roundup: Euro set for biggest monthly drop since mid-2019, European shares gain, Gold falls, Oil falls on hopes that Suez Canal blockage might end soon-March 29th ,2021
Europe Roundup: Euro weakens after German investor morale falls in April, European shares pause near record high, Gold slips to one-week low, Oil prices tick up after robust China data-April 13th 2021
America’s Roundup: Dollar edges up as inflation data helps lift Treasury yields, Wall Street gains, Gold slips, Oil falls, ends week about 2% lower on supply increase, new lockdowns-April 10th,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
Europe Roundup: Sterling steadies versus dollar after hard profit-taking knock, European shares gain, Gold hits 3-week peak, Oil falls on surge in U.S. gasoline stocks-April 8th,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
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: Sterling slips after reaching two-week high versus dollar, European stocks rise,Gold's gains, Oil rebounds on robust economic data-April 6th,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
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 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: Dollar falls as U.S. weekly jobless claims rise unexpectedly,Wall Street advances, Gold firms near 1-month peak, Oil flat as weaker dollar offsets surge in U.S. gasoline stocks-April 9th,2021
Europe Roundup: Sterling pares some losses as data shows boom in orders for UK businesses ,European stocks hits two-week low, Gold rises, Oil rises as Suez Canal ship runs aground, European lockdowns weigh-March 24th,2021
Europe Roundup: Sterling recovers against dollar, European stocks ease, Gold slips, Oil rises but remains rangebound as COVID-19 cases soar-April 12th,2021
Europe Roundup: Sterling steadies above $1.41 as risk currencies gain, European shares gain, Gold slips, Oil prices hit 13-mth highs on tighter supplies, Fed assurance on low rates-February 25th,2021
•French Feb Consumer Confidence 91, 92 forecast,92 previous
•Sweden Feb Manufacturing Confidence 114.6, 113.3 previous
•Italian Feb Consumer Confidence 101.4, 101.0 forecast, 100.7 previous
•EU Feb Consumer Confidence -14.8, -14.8 forecast, -14.8 previous
•EU Feb Industrial Sentiment -3.3, -5.0 forecast, -5.9 previous
•EU Feb Consumer Inflation Expectation 15.7, 15.4 previous
Looking Ahead - Economic Data (GMT)
•13:00 Russia Central Bank reserves (USD) 591.5B previous
•13:30 US Corporate Profits (QoQ) (Q4) 27.0% previous
•13:30 US GDP (QoQ) (Q4) 4.2% forecast,4.0% previous
•13:30 US Real Consumer Spending (Q4) 2.5% previous
•13:30 US GDP Sales (Q4) 3.0% previous
•13:30 US Core PCE Prices (Q4) 1.40% forecast, 1.40% previous
•13:30 US GDP Price Index (QoQ) (Q4) 2.0% forecast, 1.9% previous
•13:30 US Jan Durable Goods Orders (MoM) 1.1% forecast 0.5% previous
•13:30 US Jan Core Durable Goods Orders (MoM) 0.7% forecast, 1.1% previous
•13:30 US Jan Durables Excluding Defense (MoM) 0.8% previous
•13:30 US Initial Jobless Claims 838K forecast, 861K previous
•13:30 US Jobless Claims 4-Week Avg 833.25K previous
•13:30 US Continuing Jobless Claims 4,467K forecast, 4,494K previous
•15:00 US Jan Pending Home Sales (MoM) -0.2% forecast, -0.3% previous
•15:00 US Jan Pending Home Sales Index 125.5 previous
•16:00 US Feb KC Fed Composite Index 17 previous
•16:00 US Feb KC Fed Manufacturing Index 22 previous
Looking Ahead - Economic events and other releases (GMT)
•13:30 US FOMC Member Bostic Speaks
•16:10US FOMC Member Bostic Speaks
•20:00US FOMC Member Williams Speaks
EUR/USD: The euro edged higher 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 jumped above $1.42 against dollar on Thursday, coming within touching distance of $1.43, as investors retained their bullish views on the currency. The pound is the best-performing G10 currency this year, up nearly 4% against the dollar and 3.2% against the euro as investors bet Britain’s rapid COVID-19 vaccine rollout will lead to a quicker economic rebound. Sterling was 0.5% higher on the day at $1.4136 by 12:00 GMT. 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/CHF: The dollar edged lower against the Swiss franc on Thursday as dovish testimony from Fed Chair Jerome Powell bolstered concerns about rising inflation. The Federal Reserve's Powell reiterated on Wednesday that U.S. interest rates will remain low and the Fed will keep buying bonds to support the U.S. economy. The Fed's commitment to low rates has some investors worried that inflation could spike on passage of further fiscal stimulus. Immediate resistance can be seen at 0.9084(23.6%fib), an upside break can trigger rise towards 0.9100(Psychological level).On the downside, immediate support is seen at 0.9051(50%fib), a break below could take the pair towards 0.9020 (50%fib).
USD/JPY: The dollar strengthened against the yen on Thursday as broad risk-on tone in markets after Powell’s assurances spurred a rally in commodity-linked currencies such as the Canadian, Australian and New Zealand dollars and the Norwegian crown, pushing safe haven assets like Japanese yen and Swiss franc lower. U.S. Federal Reserve Chair Jerome Powell on Wednesday calmed fears that higher inflation would also lead to a tapering of monetary stimulus, saying the central bank would not change policy until the economy was clearly improving. 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 rose on Thursday, led by sectors expected to benefit from a broader economic recovery, as the U.S. Federal Reserve signalled it would maintain a loose monetary policy, while Standard Chartered fell as its profit slumped.
At (GMT 12: 50),UK's benchmark FTSE 100 was last trading up at 0.22 percent, Germany's Dax was down by 0.26 percent, France’s CAC was last up by 0.01 percent.
Gold eased on Thursday as U.S. Treasury yields hovered near a one-year high, tarnishing bullion’s appeal, although a softer dollar and the U.S. Federal Reserve’s commitment to an accommodative policy limited its fall.
Spot gold fell 0.6% to $1,792.81 per ounce by 0757 GMT. U.S. gold futures eased 0.4% to $1,791.60.
Oil prices rose for a fourth straight session on Thursday to the highest levels in more than 13 months, underpinned by monetary easing policies and lower crude production in the United States.
Brent crude futures for April gained 19 cents, 0.3%, to $67.23 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude for April was at $63.30 a barrel, up 8 cents, 0.1%.