America’s Roundup:U.S. dollar little changed following Fed minutes, U.S. stocks edge up, Gold firms, Oil falls as investors seek clarity from OPEC-July 8th,2021
Europe Roundup: Euro dips on firmer dollar, U.S. inflation data in focus ,European stocks dips, Gold subdued ,Oil prices slip as economic worries offset tightening supplies-12th July,2021
Europe Roundup: Euro rebounds from 3-1/2 month lows ,European shares falls,Gold hits 1-month peak, Oil prices extend losses on expected supply increase-July 15th,2021
America’s Roundup: Dollar falls from three-month high as traders unwind risk,Wall Street ends lower, Gold eases, Oil prices rise after big draw in U.S.crude, gasoline stocks-July 9th,2021
Europe Roundup: Sterling hits a 5-month low as COVID19 cases rise in the UK, European stocks stabilise, Gold rebounds, Oil rises after slide but COVID-19, supply concerns weigh-July 20th,2021
America’s Roundup: Dollar weakens, Wall Street closes at record highs,Gold gains,Oil prices rise over 2% as U.S. inventories decline-10th,July 2021
Europe Roundup:Euro falls ahead of ECB meeting, European shares fall, Gold prices at near 1-week low, Oil falls $2 after OPEC+ producers agree to raise output-19th July, 2021
America’s Roundup: Dollar edges higher as market awaits clues from U.S. Fed, Wall Street dips, Gold firms, Oil drops sharply after OPEC cancels meeting-July 7th,2021
America’s Roundup: U.S. dollar inches higher to three-month peak,Wall Street gains, Gold little changed, Oil rebounds as market seizes on discounted prices-July 21st,2021
Europe Roundup: Euro dips as investors focus shifts to Thursday's ECB meeting, European shares gain, Gold eases, Oil extends gains despite rise in U.S. inventories-21st July, 2021
Europe Roundup: Euro climbs versus dollar, European shares slumps, Gold gains, Oil prices extend losses as OPEC+ uncertainty lingers-July 8th,2021
America’s Roundup: Dollar rises after U.S. inflation data, Wall Street falls, Gold flat, Oil gains nearly 2% as investors size up tight market-14th July,2021
America’s Roundup: Dollar falls as Fed's Chairman Powell maintains dovish message, Wall Street ends mixed, Gold gains, Oil dips 2% on oversupply fears after OPEC negotiates a deal-July 15th,2021
Europe Roundup: Euro edges higher against greenback ahead of ECB meeting, European stocks gains, Gold eases, Oil prices rise on signs of tightening supplies-22nd July,2021
America’s Roundup: Dollar heads for second weekly rise, Wall Street closes at record highs, Gold dips, Oil edges up in weekly rebound on forecasts for tight supplies-24th July,2021
America’s Roundup: Dollar recovers from earlier fall after US jobless claims data, Wall Street ends mixed, Gold scales 1-month peak, Oil falls as investors look out for more supply-16th July,2021
America’s Roundup: Dollar broadly gains ahead of U.S. inflation data, Wall Street ends mixed,Gold falls, Oil rises as Iranian supply not seen returning soon-June 9th,2021
• US Imports 273.89B, 274.48B previous
• US Exports 204.99B, 200.03B previous
• US Apr Trade Balance -68.90B,-69.00B, -74.40B previous
•Canada Apr Exports 50.21B,50.62B previous
• Canada Apr Trade Balance -68.90B,-0.70B forecast, -1.14B previous
• Canada Apr Imports 49.61B, 51.76B previous
• US Redbook (YoY) 14.5%,13.0% previous
• US Apr JOLTs Job Openings 9.286M, 8.300M forecast, 8.123M previous
Looking Ahead - Economic events and other releases (GMT)
•23:50 Japan May M3 Money Supply 1,953.6T previous
• 23:50 Japan M2 Money Stock (YoY) 9.2% previous
•01:00 Australia June Westpac Consumer Sentiment -4.8% previous
•01:00 Australia ANZ Business Confidence 1.8 previous
•01:30 China May CPI (YoY) 1.6% forecast, -0.9% previous
•01:30 China May PPI (YoY) 8.5%,6.8% previous
Looking Ahead - Economic data ahead (GMT)
•No significant events
EUR/USD: The euro edged lower against dollar on Tuesday after data showed investor sentiment in Germany fell in June. The economic research institute ZEW said its survey on the economic sentiment of investors had fallen from 84.4 points in the previous month to 79.8 points. A poll had forecast an increase to 86, a separate ZEW indicator of current conditions rose to -9.1 points from -40.1 in the previous month, compared to a consensus forecast of -27.8 points. Immediate resistance can be seen at 1.1212 (23.6%fib), an upside break can trigger rise towards 1.1258 (June 1st high).On the downside, immediate support is seen at 1.2172 (5 DMA), a break below could take the pair towards 1.2148(38.2%fib).
GBP/USD: The British pound fell against a much stronger dollar on Tuesday with no major economic calendar data released, leaving investors focus on the UK government's imminent decision to fully reopen the economy. The British pound is the second-best G10 currency against the dollar this year, behind only the commodity-powered Canadian dollar, and has been fueled by betting on a faster reopening of the UK economy thanks to its vaccination program.By 11:30 GMT, sterling was 0.3% lower to the dollar at $1.4149. Immediate resistance can be seen at 1.4148(Daily high), an upside break can trigger rise towards 1.4250(23.6%fib).On the downside, immediate support is seen at 1.4128 (38.2%fib), a break below could take the pair towards 1.4086(June 4th low).
USD/CAD The loonie fell against its much stronger US counterpart on Tuesday but remained within its most recent trading range as data showed a surprising Canadian trade surplus and investors waited for a Bank of Canada interest rate decision. The price of oil , one of Canada's major exports, settled 1.2% higher at $70.05 a barrel. The loonie was trading 0.3% lower at 1.2115 a dollar, or 82.54 cents, after falling from a six-year high of 1.2007 last week, its weakest since mid-February, May 1.2144. Immediate resistance can be seen at 1.2144 (23.6%fin), an upside break can trigger rise towards 1.2238 (50%fib).On the downside, immediate support is seen at 1.2091 (5 DMA), a break below could take the pair towards 1.2040 (23.6%fib).
USD/JPY: The dollar strengthened against the Japanese yen on Tuesday but was subdued as investors continue to gauge inflationary pressures ahead of a policy decision from the U.S. Federal Reserve. Investors are waiting for the CPI report to be released later this week to assess the Fed’s next move before the policy decision is announced next week. It is now expected that the Fed will propose an asset reduction plan at the end of 2021, and the actual process will begin in early 2022.At (GMT 12:10), the dollar was last up 0.16 % at 109.40 yen. Strong resistance can be seen at 109.55(38.2%fib), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 109.q3 (50%fib), a break below could take the pair towards 108.67 (61.8%fib).
European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German industrial output data and doubts over Britain lifting restrictions later this month capped gains.
UK's benchmark FTSE 100 closed up by 0.43 percent, Germany's Dax ended down by 0.10 percent, France’s CAC finished the day up by 0.32 percent.
Wall Street indices were flat on Tuesday as investors stayed on the sidelines ahead of key inflation data this week while Clover Health led a rally in popular social media stocks.
Dow Jones closed down by 0.20% percent, S&P 500 closed down by 0.05% percent, Nasdaq settled up by 0.34% percent.
Traders on Tuesday sent long-term government bond yields to their lowest level in more than a month after a data showed small business owners and narrowed the spread on part of the yield curve that was being watched closely.
The benchmark 10-year yield was down 3.9 basis points at 1.5314% in afternoon trading. It reached as low as1.513%, its lowest since May 7.
Gold fell Tuesday as a stronger dollar offset a decline in US Treasury bond yields as investors looked forward to US dollar inflation data that could inluence Federal Reserve's time line to taper.
Spot gold was down 0.4% to $1,892.33 per ounce by 1:42 p.m. EDT (1742 GMT) while U.S. gold futures settled down 0.2% at $1,894.40.
Oil prices rose Tuesday, reaching its highest level in more than two years after the top US diplomat said that even if the United States struck a nuclear deal with Iran, hundreds of US sanctions would be imposed on Tehran.
Brent crude rose 73 cents, or 1%, to close at $72.22 a barrel, the highest it has settled since May 2019. U.S. West Texas Intermediate oil rose 82 cents, or 1.2%, to settle at $70.05 a barrel,