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
Europe Roundup: Euro dips as dollar firms ahead of U.S. jobs data, European stocks slip, Gold falls, Oil steady after sharp rise on improved demand picture-June 3rd,2021
Europe Roundup: Euro dips as dovish ECB comments weighs, European shares near record high, Oil steady as Iranian supply prospect offsets demand optimism-May 26th,2021
America’s Roundup: Dollar gives up gains as markets digest economic data, Wall Street rises, Gold retakes $1,900 level, Oil gains as demand outlook counters supply fears-May 29th,2021
Europe Roundup: Sterling falls to one month low versus dollar ,European stocks inches lower, Gold little changed, Oil prices rebound after knock from U.S. driving season data-June 10th,2021
Europe Roundup: Sterling dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,2021
America’s Roundup: Dollar gains as currency investors seek aggressive central banks, Wall Street little changed, Gold slips, Oil hits multi-year highs-June 12th,2021
America’s Roundup: Dollar gains after data shows US economy gaining momentum, Wall Street edges up, Gold holds steady, Oil prices gain 1%, boosted by U.S. economic data-May 28th,2021
Europe Roundup: Euro edges higher against dollar ahead of US inflation data and ECB meeting, European stocks hovering around recent peaks, Gold steady, Oil rallies amid signs of strong fuel demand in Western countries-June 9th,2021
Europe Roundup: Sterling edges lower against dollar after UK GDP data fails to impress, European stocks extend gains, Gold eases, Oil rises to fresh multi-year highs on demand recovery-June 11th,2021
America’s Roundup: Dollar edges up on manufacturing data,Wall Street edges up, Gold steadies near 5-month peak, Oil settles up after hitting 15-month highs on demand prospects-June 2nd,2021
America’s Roundup: Dollar almost unchanged as attention shifts to upcoming US data, ECB meeting, U.S. stocks end lower, Gold range-bound, Oil steadies amid weak summer kickoff for U.S. fuel demand-June 10th,2021
Europe Roundup: Euro eases against dollar after German ZEW economic sentiment weakens in June, European rises to new high, Gold slips, Oil prices fall, but the outlook remains optimistic-June 8th,2021
America’s Roundup: Dollar dips as traders assess the impact of a surge in U.S. inflation, Gold gains, Oil gains near $70 a barrel as demand outlook improves-June 1st,2021
America’s Roundup: Dollar falls as U.S. non-farm payrolls lag behind expectations, Wall Street ends higher, Gold rebounds, Oil extends gain on OPEC+ supply discipline and recovering demand-June 5th,2021
America’s Roundup: Dollar little changed as traders seek direction from data, Wall Street gains, Gold gains modestly, Oil hits over 1-year high-June 3rd,2021-June 3rd,2021
America’s Roundup: Dollar climbs as risk appetite fades, Gold falls from 2-mth high, Oil rises on U.S. and European demand growth optimism-May 5th,2021
•Canada March Imports 51.76B, 48.82B previous
•Canada Exports 50.62B, 49.86B previous
•US Redbook (YoY) 14.2%, 13.9% previous
• US Aril ISM-New York Index 804.5 previous
• US April US ISM NY Business Conditions 37.2% previous
•US April IBD/TIPP Economic Optimism 54.4 ,56.4 previous
•US Mar Factory Orders (MoM) 1.7% ,1.1% ,1.3% forecast, -0.8% previous
•US Mar Factory orders ex transportation (MoM) 1.7%, -0.6% previous
Looking Ahead - Economic Data (GMT)
•22:30 Australia Apr AiG Performance of Construction Index 61.8 previous
•22:45 New Zealand Participation Rate(Q1) 70.3 % forecast, 70.2 % previous
•22:45 New Zealand Labour Cost Index (QoQ)(Q1) 0.3 %,0.5 % previous
•22:45 New Zealand Labour Cost Index (YoY)(Q1) 1.5 %,1.5 % previous
•22:45 New Zealand Employment Change(Q1) 0.2 %, 0.6 % previous
•01:30 Australia March Building Permits (YoY ) 20.1 % previous
•01:30 Australia March Building Permits (MoM) 3 %, 21.6 % previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro declined against dollar on Tuesday as investors weighed chances that interest rates will be forced higher by a roaring U.S. economic recovery and awaited upcoming data and policy speeches for clues. Tuesday's recovery reversed losses suffered on Monday after a weaker than expected U.S. manufacturing survey report. Despite the fact that April's survey numbers were lower than March, yet the U.S. economic recovery remained steady with price pressures rising Immediate resistance can be seen at 1.2168 (16th Feb high), an upside break can trigger rise towards 1.2197 (61.8%fib).On the downside, immediate support is seen at 1.2123 (38.2%fib), a break below could take the pair towards 1.2046(38.2%fib).
GBP/USD: Sterling dipped against the dollar on Tuesday with potential volatility expected ahead of Thursday’s Bank of England meeting and the Scottish parliamentary elections. The BoE is expected to announce tapering, or a reduction in the pace of its bond purchases at its meeting. Meanwhile, the Scottish National Party (SNP) is expected to win a majority in Scottish parliament, which some see as a risk for Britain. Sterling was 0.35% lower to the dollar by 11:40 GMT at $1.3858 . Against the euro it rose 0.2% to 86.58 pence. Immediate resistance can be seen at 1.3922 (23.6%fib), an upside break can trigger rise towards 1.4005(Lower BB).On the downside, immediate support is seen at 1.3808 (38.2%fib), a break below could take the pair towards 1.3761 (100DMA).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Tuesday as the greenback broadly climbed and data showed Canada's trade balance swinging to a surprise deficit in March, with the loonie pulling back from a recent 3-year high. Canada’s trade deficit was C$1.1 billion in March, Statistics Canada said. Analysts had predicted a surplus of C$700 million after a revised C$1.4 billion surplus in February. Separate data showed that the value of Canadian building permits rose by 5.7% in March from February. The Canadian dollar was trading 0.3% lower at 1.2316 to the greenback by 5.7% in March from February. Immediate resistance can be seen at 1.2361(9 DMA), an upside break can trigger rise towards 1.2436 (38.2%fib).On the downside, immediate support is seen at 1.2265(23.6%fib), a break below could take the pair towards 1.2200 (Psychological level).
USD/JPY: The dollar strenthened against the yen on Tuesday as the dollar rebounded from a fall in the previous session triggered by weaker-than-expected U.S. economic data. The dollar drifted higher, pausing a month long decline as investors consider whether a roaring U.S. economic recovery may force interest rates higher, looking to upcoming economic data and policy speeches for clues. Japan and mainland China’s markets remained closed on Tuesday for holidays dampening trading volumes across the region. Strong resistance can be seen at 109.43 (38.2%fib), an upside break can trigger rise towards 109.81(Higher BB).On the downside, immediate support is seen at 108.86 (50%fib), a break below could take the pair towards 108.78 (20DMA).
European shares ended lower on Tuesday, with the technology sector having their worst day since late-October after a sudden drop in big U.S. tech stocks.
UK's benchmark FTSE 100 closed down by 3.62 percent, Germany's Dax ended down by 2.49% percent, France’s CAC finished the day down by -0.67% percent.
The S&P Dow Jones Indices launched new cryptocurrency indexes, it said on Tuesday, further mainstreaming digital currencies including bitcoin and ethereum by bringing them to the trading floors of Wall Street.
Dow Jones was last down by 0.17% percent, S&P 500 was trading 0,86 percent, Nasdaq settled down by 2.20% percent.
US Treasuries Recap
U.S. Treasury yields headed lower and the yield curve flattened on Tuesday as investors ditched riskier assets for a safer haven in government debt.
The benchmark 10-year yield was last down 28 basis points at 1.5641%, holding below a 14-month high of 1.776% reached on March 30.
Gold prices fell from a more than two-month high on Tuesday, as a rebound in the dollar dented the metal’s safe-haven appeal, while investors speculated that a swifter than expected U.S. economic recovery might prompt an interest rate hike.
Spot gold was down 0.4% at $1,786.10 per ounce by 0702 GMT, after hitting its highest since Feb. 25 at $1,797.75 on Monday.
Oil prices rose on Tuesday after more U.S. states eased lockdowns and the European Union sought to attract travellers, though soaring COVID-19 cases in India capped gains.
Brent crude futures were up $1.01, or 1.48%, at $68.50 a barrel by 2:00 p.m. (1700 GMT) after climbing by 1.2% on Monday.
U.S. West Texas Intermediate (WTI) crude futures rose by 89 cents, or 1.38%, to $65.39 after a 1.4% jump on Monday.