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
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
Europe Roundup: Euro dips as focus turns to U.S. inflation data, European shares ease, Gold little changed,Oil climbs on expected further draw in crude inventories-July 13th,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
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 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 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: Dollar edges higher amid pandemic concerns ,Wall Street gains, Gold eases, Oil prices slip as economic fears offset tightening crude supplies-July 13th,2021
America’s Roundup: Dollar eases from highest level since start of the year , Wall Street ends higher, Gold hits 1-week low, Oil gains over 4% despite rise in U.S. inventories-22nd July ,2021
America’s Roundup: U.S. dollar advances as Delta variant dampens risk appetite, Wall Street slips, Gold eases, Oil slumps as OPEC agrees output boost-July 20th,2021
Europe Roundup: Sterling gains after UK inflation jumps in June,European shares slip, Gold firms, Oil prices fall as China crude import data weighs-July 14th,2021
Europe Roundup Euro gains after upbeat Euro zone business activity data, :European shares were pinned below record highs, Gold edges lower, Oil prices rise as OPEC + seeks to break the stagnation of the production pact-5th July,2021
Europe Roundup: Euro dips near 3-month low ,European shares gain, Gold prices gain, Oil rises but OPEC+ uncertainty clouds outlook-July 7th,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 falls after U.S. nonfarm payrolls data, Wall Street gains,Gold gains, Oil steady, traders on sidelines as OPEC+ talks drag on-July 3rd,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
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
•Canada Apr RMPI (YoY) 56.4% ,34.7% previous
•Canada Apr RMPI (MoM) 1.0%, 2.3% previous
•Brazil Apr Budget Balance 30.000B,-44.528B previous
•Canada Apr IPPI (YoY) 14.3%,10.0% previous
•Brazil Apr Budget Surplus 24.300B, 16.750B forecast, 4.981B previous
•Brazil Apr Debt-to-GDP ratio 60.5%, 61.3% previous
•Canada Current Account (Q1) 1.2B, -8.3B forecast, -7.3B previous
• French 12-Month BTF Auction-0.641%, -0.632% previous
•French 3-Month BTF Auction-0.645%. -0.635% previous
Looking Ahead - Economic Data (GMT)
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Looking Ahead - Economic events and other releases (GMT)
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EUR/USD: The euro edged higher against dollar on Monday after Germany’s inflation data ,but gains were limited ahead of broader euro zone data on Tuesday. German inflation in May rose 2.5% year-on-year, the highest since 2011, data showed on Monday, accelerating further above the ECB’s “close to but below 2%” target and above expectations. Trading is was lite with traders in the United Kingdom and United States on public holiday. Focus this week is on the European Union, which is expected soon to reveal details about the funding plan for its coronavirus recovery fund after all member states backed the ratification of a law that will allow the EU to start borrowing on the market. Immediate resistance can be seen at 1.2242 (23.6% fib), an upside break can trigger rise towards 1.2283 (Higher BB).On the downside, immediate support is seen at 1.2183 (38.2% fib), a break below could take the pair towards 1.2135(50%fib).
GBP/USD: Sterling was little changed against dollar on Monday as slew of European and U.S. data this week that will provide a clearer picture on the global economy’s recovery path. The main event of the week will be U.S. payrolls on Friday with median forecasts at 650,000 but the outcome is uncertain following April’s shockingly weak 266,000 gain. Although U.S. inflation data last week was above estimates, another big miss on the jobs front would heap pressure on the Fed to postpone plans to wind down its stimulus. Immediate resistance can be seen at 1.4224 (23.6%fib),an upside break can trigger rise towards 1.4283 (Higher BB).On the downside, immediate support is seen at 1.4162 (5DMA), a break below could take the pair towards 1.4089(38.2%fib).
USD/CAD: The Canadian dollar was little changed against the greenback on Monday, notching its fourth straight monthly gain as oil rose and a recent surge in the administration of COVID-19 vaccines to Canadians bolstered the outlook for the domestic economy. With London and New York markets closed for holidays, the Canadian dollar was trading nearly unchanged at 1.2064 to the greenback, or 82.89 U.S. cents. For May, it was up 1.9%, extending a string of monthly gains that started in February. Canada's GDP data for the first quarter is due on Tuesday and the May jobs report is due on Friday, which could offer clues on the Bank of Canada's policy outlook. Immediate resistance can be seen at 1.2071(5DMA), an upside break can trigger rise towards 1.2142 (38.2%fib).On the downside, immediate support is seen at 1.2039 (23.6%fib), a break below could take the pair towards 1.1997(Lower BB).
USD/JPY: The dollar came under pressure against yen on Monday, as traders assessed the impact of a surge in U.S. inflation before monthly jobs data later this week. In holiday-thinned trade, investors weighed the impact on U.S. assets of rising price pressures and a dovish Fed. Despite rising inflation, markets don't expect a rate hike well into the back end of 2022.The core PCE price index vaulted 3.1% on Friday, the largest annual gain since July 1992, due to a recovery from the pandemic and various supply disruptions. Strong resistance can be seen at 109.91 (Higher BB), an upside break can trigger rise towards 110.26 (23.6%fib).On the downside, immediate support is seen at 109.48 (Daily low), a break below could take the pair towards 109.18(50%fib).
European stocks slipped from record highs on Monday in subdued trading due to holidays in major markets, but optimism over a swift economic recovery helped the STOXX 600 index mark its fourth straight month of gains.
Spains IBEX 35 closed down by 0.82 percent , Italy's FTSE MIB closed by 0.00%, France’s CAC finished the day up by 0.57 percent.
U.S. stock markets were closed on Monday due to public holidays.
U.S. Bond markets were closed on Monday due to public holidays.
Gold firmed on Monday and was on course for its biggest monthly jump since July 2020, as the U.S. dollar headed for a second month of decline while growing inflationary pressures also lifted bullion’s appeal.
Spot gold was up 0.3% at $1,907.90 per ounce by 0538 GMT, while U.S. gold futures rose 0.2% to $1,909.50. Spot prices have climbed nearly 7.9% so far this month.
Oil prices firmed on Monday, with Brent trading near $70 a barrel on growing optimism that fuel demand will grow in the next quarter, while investors looked ahead to see how producers will respond at this week's OPEC+ meeting.
Brent crude futures settled up 60 cents, or 0.9%, at $69.32 a barrel, off the a session high of $69.82. U.S. West Texas Intermediate crude rose 0.9% and last traded at $66.91 a barrel.