America’s Roundup: Dollar rises on US inflation data as traders await Fed meeting outcome, Wall Street slips,Gold dips, Oil climbs nearly 2%-June 16th,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: Sterling was largely unmoved against dollar, European shares gain, Gold slides over 1%,Oil gains as demand improves, supplies shrinks-June 14th,2021
Europe Roundup: Euro dips against dollar ahead of U.S. payrolls data, European stocks inch higher, Gold hits 2-week low, Oil rises towards $72 on demand prospects-June 4th,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
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
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
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 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 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
America’s Roundup:Dollar edges down after inflation data,Wall Street ends higher, Gold edges higher, Oil hits two-year highs on rising demand expectations-June 11th,2021
America’s Roundup: Dollar edges lower as investors wait for a catalyst, Wall Street ends mixed, Gold gains, Oil falls on profit taking after hitting 2-year high-June 8th,2021
Europe Roundup:Euro dips on dovish ECB tone,European shares rises, Gold dips, Oil inches higher as upbeat demand outlook counters supply concerns-May 28th,2021
Europe Roundup: Sterling rebounds from 10-day low against greenback, European shares hover below highs, Gold steadies below $1,900, Oil prices fall on fears that Iran may resume supply-May 27th,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 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 dips after U.S. central bank dampens taper hopes, Wall Street ends, Gold gains, Oil gains more than 1% on fuel demand hopes-April 29th,2021
• Canada Feb Core Retail Sales (MoM) 4.8%,3.7%,-1.2% previous
• Canada Feb Retail Sales (MoM) 4.8%,4.0% forecast,-1.1% previous
• US Wholesale Inventories (MoM) 1.4%, 0.6% % previous
•US Mar Goods Trade Balance -90.59B,-87.07B previous
• Brazil CAGED Net Payroll Jobs 184.14K, 401.60K previous
• US Gasoline Inventories 0.092M, 0.508M forecast, 0.086M previous
• US Cushing Crude Oil Inventories 0.722M, -1.318M previous
• US Crude Oil Inventories 0.090M, 0.659M forecast, 0.594M previous
• US Fed Interest Rate Decision 0.25%,0.25% forecast, 0.25% previous
Looking Ahead – Economic Data (GMT)
•0:6:30 New Zealand April NBNZ Own Activity 16.6% previous
•0:6:30 New Zealand April ANZ Business Confidence -4.1 previous
•0:7:00 New Zealand Import Price Index (QoQ) (Q1) -1.0% previous
•0:7:00 New Zealand Export Price Index (QoQ) (Q1) 5.5% previous
•Looking Ahead - Economic events and other releases (GMT)
No significant events
EUR/USD: The euro rose on Wednesday as dollar slipped after the Federal Reserve held interest rates and its monthly bond-buying program steady, giving no sign it was ready to reduce its support for the U.S economy. Investors had been anxiously waiting to see if the Fed would signal a tapering of its mass stimulus programme. In a statement released after a two-day policy meeting, the U.S. central bank did note progress on vaccines and economic recovery, a slightly less negative view than its description in March. Immediate resistance can be seen at 1.2116 (23.6%fib), an upside break can trigger rise towards 1.2155 (Higher BB).On the downside, immediate support is seen at 1.2045 (38.2%fib), a break below could take the pair towards 1.2015 (14DMA).
GBP/USD: The pound strenthed against dollar on Wednesday as the greenback declined after the Federal Reserve doused hopes of an early reduction in its monthly bond purchases and struck an overall cautious tone about the outlook on inflation and the overall economy. At the end of a two-day Federal Open Market Committee meeting, the Fed, as expected, held interest rates unchanged but did acknowledge the improvement in the U.S. economy.Fed Chair Jerome Powell, in remarks after the central bank statement, said it was not the time to talk about tapering its asset purchases. That triggered a further slide in the dollar. Immediate resistance can be seen at 1.3912 (23.6%fib), an upside break can trigger rise towards 1.3975(Higher BB ).On the downside, immediate support is seen at 1.3844 (14DMA), a break below could take the pair towards 1.3815 (38.2%fib ).
USD/CAD: The Canadian dollar strengthened by the most in four years against its U.S. counterpart on Wednesday as risk aversion eased and oil held onto much of the previous day's rally, but the loonie was set to fall by more than 3% for the week. U.S. crude oil futures were down 2.85% at $24.50 a barrel. Oil rose 24% on Thursday, helped by hopes that the United States would intervene in the price war between Saudi Arabia and Russia. At (1302 GMT), the Canadian dollar was trading 1.7% higher at 1.4268 to the greenback, its biggest advance since March 2016. The currency, which on Thursday hit a four-year low at 1.4669, traded in a range of 1.4150 to 1.4538.Immediate resistance can be seen at 1.2362 (50%fib), break can trigger rise towards 1.2375 (5DMA).On the downside, immediate support is seen at 1.2295 (38.2 %fib ), a break below could take the pair towards 1.2238 (23.6% fib)
USD/JPY: The dollar declined against the Japanese yen on Wednesday after the U.S. Central bank kept interest rates unaltered and re-asserted its accommodative arrangement. The Fed held interest rates and its bond-buying program steady after its two-day policy meet, nodding to the economy's growing strength but gave no indication it was ready to reduce its support for the economic recovery. The dollar was last trading down 0.09% at 108.47 yen, after hitting a daily high of 108.65. Strong resistance can be seen at 109.15(50%fib), an upside break can trigger rise towards 109.55 (61.8%fib).On the downside, immediate support is seen at 108.62(38.2%fib), a break below could take the pair towards 108.13(23.6%fib).
European stocks ended flat on Wednesday as optimism over a swathe of positive bank earnings was offset by caution setting after U.S. Federal Reserve's policy decision.
The UK's benchmark FTSE 100 closed down by 0.26 percent, Germany's Dax ended down by 0.31 percent, and France’s CAC finished the down by 0.03 percent.
Wall Street ended lower on Wednesday after the U.S. Federal Reserve held interest rates and its monthly bond-buying program steady and gave no sign it was ready to reduce its support for the recovery..
Dow Jones closed up at 0.01 percent, S&P 500 ended down 0.02 percent, Nasdaq finished the day down by 0.34 percent.
U.S. Treasury yields fell on Wednesday after Federal Reserve Chairman Jerome Powell said now isn't an ideal opportunity to talk about tapering bond purchases as the economy is still a long way from meeting the U.S. central bank's employment and inflation objectives.
Benchmark 10-year yields dropped to 1.609%, from a two-week high of 1.661%, after Powell's comments at the end of the Fed's two-day meeting.
Gold prices gained on Wednesday, as the dollar and U.S. Treasury yields eased after the U.S. Federal Reserve kept interest rates unchanged and re-affirmed its accommodative policy to support the economic recovery.
Spot gold rose 0.2% to $1,780.56 per ounce by 3:28 p.m. EDT (1928 GMT), having earlier dipped to its lowest since April 16 at $1,762. U.S. gold futures settled down 0.3% at $1,773.9.
Crude prices rose more than 1% on Wednesday, after U.S. distillate inventories posted a large drawdown and refiners ramped up activity to the highest in over a year, boosting hopes for rising fuel demand in the world's top oil consumer.
Brent crude futures gained 85 cents, or 1.3%, to settle at $67.27 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 92 cents, or 1.5%, to settle at $63.86 a barrel.