America’s Roundup: Dollar drops to three-week lows after inflation data,Wall Street ends mixed, Gold gains, Oil rises 1% after robust China data but J&J vaccine pause weighs-April 14th,2021
Europe Roundup: Euro dips as dollar, yields advance, European shares gain, Gold slides more than 1%, Oil falls as Suez opens, focus turns to OPEC+ output cuts-March 30th,2021
America’s Roundup: Greenback hits 4-week low on retreating US Treasury yields, Wall Street ends higher, Gold gains, Oil dips but posts weekly gain on recovery hopes-April 17th,2021
Europe Roundup: Sterling slips after reaching two-week high versus dollar, European stocks rise,Gold's gains, Oil rebounds on robust economic data-April 6th,2021
America’s Roundup: Dollar rises as minutes shows Fed committed to supporting economic recovery, Gold edges lower, Oil up on global economic recovery, but high U.S. gasoline stocks weigh-April 8th,2021
Europe Roundup: Sterling recovers ground, hits one-week high vs. dollar,Gold prices ease, European shares gain,Oil maintains upward momentum despite fresh coronavirus fears- April 14th,2021
Europe Roundup: Sterling edges higher as Britain gets ready for April re-opening ,European stocks flat ,Gold little changed, Oil falls on OPEC+ concerns over slow demand recovery-March 31st,2021
Europe Roundup: Euro gains versus weaker dollar, European shares rises, Gold gains, Oil rises , sets out for weekly gains on demand hopes-16th April ,2021
America’s Roundup: Dollar slides ahead of U.S. payrolls data, Wall Street gains, Gold rises, Oil rises as OPEC+ decides on production policy-April 2nd, 2021
Europe Roundup: Sterling hits one-week low vs dollar, European stocks pause near record high, Gold falls, Oil prices slip despite stronger economic outlook-April 7th,2021
Europe Roundup: Euro holds above $1.20 against dollar, Europe shares ease, Gold gains, Oil hits $68 on Libya force majeure despite pandemic surge-April 20th,2021
America’s Roundup: Dollar gains as improving U.S. outlook lifts greenback, Wall Street falls, Gold slips, Oil falls 1% as traffic in Suez Canal resumes-March 30th,2021
Europe Roundup: Euro weakens after German investor morale falls in April, European shares pause near record high, Gold slips to one-week low, Oil prices tick up after robust China data-April 13th 2021
Europe Roundup: Sterling steadies versus dollar after hard profit-taking knock, European shares gain, Gold hits 3-week peak, Oil falls on surge in U.S. gasoline stocks-April 8th,2021
America’s Roundup: Dollar index hits six-week low, Wall Street slips from record highs, Gold slips from 7-week top, Oil gains as dollar drops, gains capped by rise in Covid-19 cases-April 20th,2021
Europe Roundup: Sterling recovers against dollar, European stocks ease, Gold slips, Oil rises but remains rangebound as COVID-19 cases soar-April 12th,2021
America’s Roundup: Dollar drops to more than one-month low, Wall Street ends mixed, Gold jumps 1.5% , Oil jumps almost 4% as output slow to recover from Texas storms-February 23rd,2021
• Chicago Jan Fed National Activity 0.66 ,0.52 previous
• French 6-Month BTF Auction -0.616% , -0.635% previous
• French 3-Month BTF Auction -0.617%, -0.642% previous
• French 12-Month BTF Auction -0.614%,-0.637% previous
• Belgium Feb NBB Business Climate -4.4, -7.5 previous
• US Jan Leading Index (MoM) 0.5%,0.5% forecast, 0.3% previous
• US 6-Month Bill Auction 0.045%,0.060% previous
Looking Ahead - Economic Data (GMT)
•06:00 Australia Wage Price Index (QoQ) (Q4) 0.3% forecast, 0.1% previous
•06:00 Australia Wage Price Index (YoY) (Q4) 1.1%1.4%,1.4% previous
•06:00 Australia Construction Work Done (QoQ) (Q4) 1.0% forecast, -2.6% previous
•06:30 New Zealand RBNZ Interest Rate Decision 0.25% forecast, 0.25% previous
Looking Ahead - Economic events and other releases (GMT)
•06:30 New Zealand RBNZ Monetary Policy Statement
•06:30 New Zealand RBNZ Rate Statement
•06:30 New Zealand RBNZ Press Conference
EUR/USD: The euro rose against dollar on Monday after data showed German business morale rose more than expected in February. German business morale rose far more than expected in February, bouncing back from a 6-month low in January thanks to a brighter industrial outlook and well-stocked order books, the Ifo economic institute said on Monday.Ifo said its business climate index increased to 92.4 from an upwardly revised 90.3 in January, hitting its highest level since October. The euro rose 0.2% against the dollar to $1.2142. 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: The pound rose on Monday, hitting fresh three-year highs against the dollar as bullish investors bet on the UK’s vaccination rollout bringing about an economic recovery and Prime Minister Boris Johnson set out a schedule for easing the lockdown.Sterling reached its highest levels since April 2018 when it crossed $1.40 on Friday. It has risen 2.9% against the dollar in 2021 and its rapid gains have led to talk of a possible correction.The recent pound strengthening has been attributed to the UK’s relative success in providing COVID-19 vaccinations. Immediate resistance can be seen at 1.4057(23.6%fib), an upside break can trigger rise towards 1.4100(Psychological level).On the downside, immediate support is seen at 1.3980(Daily low), a break below could take the pair towards 1.3957 (38.2%fib).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Monday, holding near its strongest level in nearly three years as oil rallied and the greenback broadly lost ground. U.S. crude oil futures settled 3.8% higher at $61.49 a barrel, driven by the expected slow return of U.S. crude output after last week's deep freeze in Texas shut in production. Copper rose 1.6%, while gold was up 1.4%. The loonie was trading nearly unchanged at 1.2606 to the greenback, or 79.33 U.S. cents, having touched its strongest intraday level since April 2018 at 1.2580. Immediate resistance can be seen at 1.2639 (23.6%fib), an upside break can trigger rise towards 1.2671 (9DMA).On the downside, immediate support is seen at 1.2571 (Daily low), a break below could take the pair towards 1.2500 (Psychological level).
USD/JPY: The dollar dipped against the yen on Monday as traders focused on whether coronavirus vaccinations, economic growth expectations and higher inflation could push bond yields higher. The U.S. dollar index was last down 0.07% late trading in New York, ticking up from earlier lows. The dollar has been trending down since early February following a January bounce from a 7% decline in 2020.Weakness in U.S. employment keeps undermining dollar rallies as the markets see wavering jobs data reinforcing the Federal Reserve's commitment to keep interest rates low. Strong resistance can be seen at 105.77 (38.2%fib), an upside break can trigger rise towards 106.30(23.6%fib).On the downside, immediate support is seen at 105.35 (50%fib), a break below could take the pair towards 104.87 (61.8%fib).
European shares trimmed early losses on Monday as comments from the region's central bank brought down treasury yields, though inflation expectations and profit-taking in technology stocks dragged the benchmark index lower.
UK's benchmark FTSE 100 closed down by 0.18 percent, Germany's Dax ended down by 0.31 percent, France’s CAC finished the day down by 0.11 percent.
The S&P 500 and Nasdaq fell on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies.
Dow Jones closed up by 0.09%percent, S&P 500 closed down by 0.77% percent, Nasdaq settled down by 2.46 % percent.
Investors pushed U.S. Treasury yields down from milestone highs on Monday and looked ahead to remarks U.S. Federal Reserve chairman Jerome Powell is set to give on Tuesday in Washington.
The benchmark 10-year yield was up two basis points at 1.3653% in afternoon trading.
Gold rose more than 1.5% to a near one-week high on Monday, as expectations for rising inflation triggered equity valuation concerns and drove investors toward the safe-haven metal, while a weaker U.S. dollar lent further support.
Spot gold was up 1.5% at $1,808.16 an ounce by 1:46 p.m. EST (1846 GMT), after hitting its highest level since Feb. 16 in the session.
Oil prices rose nearly 4% on Monday, boosted by the expected slow return of U.S. crude output after last week's deep freeze in Texas shut in production.
Brent crude settled at $65.24 a barrel, rising $2.33, or 3.7%, while U.S. oil settled at $61.49 a barrel, jumping $2.25, or 3.8%. The U.S. benchmark crude contract for March delivery expires on Monday, and the more widely-traded April contract was up $2.44, or 4.1%, at 61.70 a barrel.