America’s Roundup: Dollar retreats as U.S. data disappoints, Wall Street gains,Gold rises over 1%, Oil rises over 1% as demand hopes bolster sentiment-May 4th 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: 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
America’s Roundup: Dollar rises vs major currencies ahead of Fed meeting, Gold firms, Wall Street ends higher,Oil falls on India's COVID rise; OPEC+ limits drop-April 27th,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
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: Dollar falls as yields grieve, Gold heads for third weekly gain, Oil edges higher as recovery support countered by Asia virus surge- April 24th, 2021
America’s Roundup: Dollar slips after disappointing U.S. jobs data, wall street ends higher Gold gains, Oil prices set for weekly gain despite India virus surge-May 8th,2021
Europe Roundup: Sterling dips against dollar as markets wait for global cues, European shares extend gains, Gold hovers near eight-week high, Oil extends losses on U.S. stock build, pandemic concerns-April 22nd 2021
Europe Roundup: Euro little changed against dollar as investors awaited Fed’s policy meeting on Wednesday, European stocks dips, Gold steady, Oil rises to $66 ahead of OPEC+ meeting-April 27th,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
Europe Roundup: Euro gains after data points to stronger recovery, European shares dips, Gold gains, Oil steady as rising India COVID-19 cases weigh-April 23rd,2021
Europe Roundup: Euro breaks to nine-week peak, European shares edge higher,Gold retreats , Oil prices rise, bullish demand outlook offsets India concerns-April 29th,2021
America’s Roundup: Dollar edges higher from recent lows, Wall Street slides, Gold gains, Oil drops on demand fears as Covid-19 infections floods in India-April 21st ,2021
Europe Roundup: Euro gains against dollar as Euro zone retail sales beat expectations, European stocks gain, Oil prices slip despite big U.S. inventory fall-May 6th,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
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
• US Feb Retail Inventories Ex Auto 1.2%, -0.1% previous
• US Wholesale Inventories (MoM) 0.5%,1.3% previous
• US Feb Goods Trade Balance -86.72B, -84.58B previous
• Brazil Feb Current Account (USD) -2.30B, -2.40B forecast, -7.25B previous
• US Feb Real Personal Consumption (MoM) -1.2%, 3.0% previous
• US Feb PCE Price index (YoY) 1.6, 1.5 previous
• US Feb Personal Spending (MoM) -1.0%, -0.7% forecast, 2.4% previous
• US Feb Core PCE Price Index (MoM) 0.1%,0.1% forecast, 0.3% previous
• US Feb PCE price index (MoM) 0.2%, 0.3% previous
• US Feb Core PCE Price Index (YoY) 1.4%, 1.5% forecast, 1.5% previous
• US Feb Personal Income (MoM) -7.1%, -7.3% forecast, 10.0% previous
• US March Michigan Consumer Sentiment 84.9, 83.6 forecast, 83.0 previous
• US March Michigan Consumer Expectations 79.7, 77.5 previous
• US March Michigan Current Conditions 93.0,91.5 previous
• US March Michigan Inflation Expectations3.1%, 3.1% previous
• US March Michigan 5-Year Inflation Expectations 2.70%, 2.70% previous
• Canada Jan Budget Balance (YoY) -268.18B,-248.17B previous
• Canada Jan Budget Balance -20.01B ,-16.15B previous
• US Feb Dallas Fed PCE 1.80%, 1.90% previous
Looking Ahead - Economic Data (GMT)
•No data ahead
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro recovered from losses against dollar on Friday after Germany's Ifo survey data showed an improvement in business morale. German business morale hit its highest level in almost two years in March as rising demand for manufactured goods kept factories in Europe’s largest economy humming through rising coronavirus infections and lockdown restrictions, a survey showed on Friday.The Ifo institute said its business climate index shot up to 96.6, the highest reading since June 2019, from an upwardly revised 92.7 in February. The euro was up 0.25% against the dollar at $1.1792.Immediate resistance can be seen at 1.1825 (5DMA), an upside break can trigger rise towards 1.1879(38.2%fib).On the downside, immediate support is seen at 1.1753 (23.6%fib), a break below could take the pair towards 1.1700 (Psychological level).
GBP/USD: The pound strengthened against the dollar on Friday, even after European leaders stepped up warnings about limiting vaccine exports, as market participants were generally upbeat about Britain’s vaccine rollout and economic outlook. After a meeting of European leaders on Thursday, EU commission chief Ursula von der Leyen said that AstraZeneca cannot export any more COVID-19 vaccines from Europe until it fulfils its contracts with the EU. Brussels and London sought to cool tension on Wednesday, declaring they were working “to create a win-win situation and expand vaccine supply for all our citizens. Immediate resistance can be seen at 1.3764 (5DMA), an upside break can trigger rise towards 1.3814 (38.2%fib).On the downside, immediate support is seen at 1.3717 (23.6%fib), a break below could take the pair towards 1.3668(25th March Low).
USD/CAD :The Canadian dollar strengthened against its U.S. counterpart on Friday as oil and equity markets globally rose, but the currency was on track to lose ground for the second straight week.The price of oil, one of Canada's major exports, rebounded on concerns it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined products. The Canadian dollar was last trading 0.3% higher at 1.2572 to the greenback. The currency traded in a range of 1.2565 to 1.2612, having touched on Thursday its weakest level in two weeks at 1.2628. For the week, it was on course to decline 0.6% as the U.S. dollar broadly climbed. .Immediate resistance can be seen at 1.4014 (5 DMA), an upside break can trigger rise towards 1.4170 (Daily high).On the downside, immediate support is seen at 1.4000 (Psychological level), a break below could take the pair towards 1.3835 (21 DMA).
USD/JPY: The dollar rose against the Japanese yen on Friday as dollar was helped by optimism over the state of the U.S. economy and the rollout of coronavirus vaccines. U.S. jobless claims fell to a one-year low last week and President Joe Biden said he will double his vaccination plan after reaching his previous goal of 100 million shots 42 days ahead of schedule, both of which support optimism in the dollar. Against a basket of six major currencies, the dollar stood at 92.846, not far off a four-month high hit a day earlier and on course for a weekly gain of 0.9%.The dollar rose 0.6% to 109.82 against the Japanese yen, its highest since June. Strong resistance can be seen at 109.88 (23.6%fib), an upside break can trigger rise towards 110.00 (Psychological level ).On the downside, immediate support is seen at 108.99(Daily low), a break below could take the pair towards 108.67 (5DMA).
European stocks rose on Friday, helped by gains in commodity-linked companies as investors balanced worries about surging coronavirus cases with the prospect of a strong U.S. economic recovery.
UK's benchmark FTSE 100 closed up by 0.99 percent, Germany's Dax ended up by 0.87 percent, France’s CAC finished the day down by 0.61 percent.
The S&P 500 and Dow rose in a broad-based advance on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984.
Dow Jones closed down by 1.39% percent, S&P 500 closed up by 1.66% percent, Nasdaq settled up by 1.24% percent.
U.S. Treasury yields rose on Friday but held below one-year highs reached last week as investors balanced expectations of faster economic growth and higher inflation against quarterly rebalancing that has boosted near-term demand for bonds.
Benchmark 10-year note yields were last up 5 basis points on the day at 1.660%. The yields fell as low as 1.589% on Wednesday.
Gold prices eased on Friday en route for their first weekly decline in three as a stronger dollar and rising U.S. Treasury yields offset support from concerns over surging coronavirus cases in Europe.
Spot gold was down 0.1% at $1,724.65 per ounce by 1225 GMT. Bullion is down 1% so far this week. U.S. gold futures were down 0.1% at $1,724 per ounce.
Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted for weeks as workers try to dislodge a giant container ship blocking the Suez Canal.
Brent crude rose $2.62, or 4.2%, to settle at $64.57 a barrel, after dropping 3.8% on Thursday. U.S. West Texas Intermediate (WTI) crude gained $2.41, or 4.1%, to settle at $60.97 a barrel, having tumbled 4.3% a day earlier.