Europe Roundup: Sterling dips as traders assess inflation impact, European shares gain,Gold dips, Oil holds above $75 as U.S. inventory drop supports-September 16th,2021
Europe Roundup: Sterling edges up after UK inflation jump, European stocks slip, Gold eases, Oil prices climb after drawdown in U.S. stocks-September 15th,2021
Europe Roundup: Sterling steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
Europe Roundup: Euro dips ahead of Thursday’s ECB meeting, European stocks gain, Gold steadies, Oil down after deep Saudi price cuts spur demand concerns-September 6th,2021
America’s Roundup: U.S. dollar strengthens against rivals as Fed's taper talk gathers pace, Wall Street ends mixed, Gold gains, Oil rises to six-week high as U.S. supply concerns dominate-September 14th,2021
Europe Roundup:Euro inches higher in run-up to ECB verdict, European shares dips,Gold rises, Oil prices firm as U.S. output struggles after storm-September 9th,2021
Europe Roundup: Sterling dips against dollar after retail sales data, European shares dips, Gold recoups some losses, Oil holds above $75 as storm-hit U.S. supply returns slowly-September 17th,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,2021
Europe Roundup: Euro near 1-month peak versus dollar , European stocks edge higher, Gold firms, Oil rises on declining inventories and weaker dollar-September 2nd,2021
Europe Roundup: Sterling holds near three-week high ahead of U.S. jobs data,European stocks slip, Gold firms, Oil rises on demand outlook, Gulf outages-September 3rd,2021
America’s Roundup: Dollar softens after ADP data, Wall Street ends mixed,Gold little changed, Oil steadies, OPEC+ sticks to gradual output hikes-September 2nd,2021
Europe Roundup: Euro inches higher against dollar ahead of Powell's speech,European stocks dips,Gold consolidates, Oil rises as storm approaches Gulf of Mexico production hub-August 27th,2021
Europe Roundup: Sterling dips for second day against dollar,European stocks slip, Gold slips, Oil mixed, fears of slower demand weigh on sentiment-September 7th,2021
Europe Roundup; Sterling steadies near 5-week highs against dollar, European shares dips,Gold little changed, Oil hits 6-week high as U.S. Gulf braces for another hurricane-September 14th,2021
Europe Roundup: Sterling on the back foot amid UK recovery worries, Gold edges up, Oil at one-week high as U.S. supply concerns dominate-September 13th,2021
America’s Roundup: Dollar dips on weak U.S. jobs growth, Wall Street mixed, Gold climbs, Oil slips as COVID variant weighs on U.S. jobs-September 4th,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
•Canada June New Housing Price Index (MoM) 0.6%,1.4% previous
•US Gasoline Inventories -0.121M,-1.043M forecast, 1.039M previous
•US Crude Oil Inventories 2.108M, -4.466M forecast, -7.897M previous
•US Cushing Crude Oil Inventories -1.347M forecast, -1.589M previous
Looking Ahead –Economic Data (GMT)
•23:50 Japan Foreign Investments in Japanese Stocks -10.5B previous
•23:50 Japan Foreign Bonds Buying
•01:30 Australia NAB Quarterly Business Confidence 17 previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro dipped against dollar on Wednesday as investors focus shifted to Thursdays’ ECB meeting. In a quiet day for economic data, currency markets are looking ahead to the European Central Bank (ECB) meeting. A dovish tone is expected after ECB President Christine Lagarde foreshadowed a guidance tweak during an interview last week. The euro was down 0.2% against the dollar at 0731 GMT, at $1.1771, close to its lowest since early April. Immediate resistance can be seen at 1.1793(5DMA), an upside break can trigger rise towards 1.1824 (38.2% fib).On the downside, immediate support is seen at 1.1754 (23.6% fib), a break below could take the pair towards 1.1700 (Psychological level).
GBP/USD: Sterling edged higher on Wednesday after falling almost 2% against the dollar from Friday’s high amid rising numbers of COVID-19 Delta variant cases in Britain and confusion about the lifting of restrictions in England. The pound this week fell to its lowest point since February 4 of $1.3572 after Prime Minister Boris Johnson lifted most COVID-19 restrictions in England. Sterling rose 0.35% versus the dollar to $1.3690 at 1955 GMT Immediate resistance can be seen at 1.3776 (50%fib),an upside break can trigger rise towards 1.3798 (5DMA).On the downside, immediate support is seen at 1.3693 (38.2%fib), a break below could take the pair towards 1.3610 (23.6%fib).
USD/CAD: The Canadian dollar on Wednesday strengthened to its highest in nearly a week against its U.S. counterpart, benefiting from investor optimism that rising COVID-19 cases in some parts of the world would not derail economic recovery. The price of oil, one of Canada's major exports, rose for a second day as investors bet that an earlier flight to safety sparked by fears about the spread of the Delta coronavirus variant was overdone. The Canadian dollar was last trading 0.9% higher at 1.2566 to the greenback. Immediate resistance can be seen at 1.2642 (23.6%fib), an upside break can trigger rise towards 1.2716(Higher BB).On the downside, immediate support is seen at 1.2526 (38.2%fib), a break below could take the pair towards 1.2419 (50%fib).
USD/JPY: The dollar rose against the Japanese yen Wednesday as greenback was firm against yen on concerns over the impact of a fast-spreading coronavirus variant. The Delta variant of the coronavirus, which has caused a surge in infections worldwide, rose to the top of investor concerns along with inflation this week. At 19:03 GMT, the dollar was trading 0.4 percent higher versus the yen at 110.24.Strong resistance can be seen at 110.39(30DMA), an upside break can trigger rise towards 110.48 (23.6%fib).On the downside, immediate support is seen at 110.10 (38.2%fib), a break below could take the pair towards 109.97(5DMA).
A slew of upbeat updates from European blue-chip firms helped the region’s benchmark index rise on Wednesday and further recover from Monday’s sharp losses, while travel stocks roared back after weeks of declines.
UK's benchmark FTSE 100 closed up by 1.70 percent, Germany's Dax ended up by 1.36 percent, France’s CAC finished the day up by 1.85 percent.
Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.
Dow Jones closed up by 0.83%percent, S&P 500 closed up by 0.82% percent, Nasdaq settled up by 0.92 % percent.
Yields on U.S. Treasuries rebounded for a second day on Wednesday, with a sale of 20-year government debt on the weak side, as fears of new COVID-19 lockdowns eased and a rally in equity markets suggested renewed optimism about a robust economic recovery.
The yield on 10-year Treasury notes was up 8.8 basis points to 1.297%, after briefly crossing above 1.3% earlier in trading.
Gold dropped for a second straight session to its lowest level in more than a week on Wednesday, as risk appetite resumed with equities and U.S. bond yields rebounding to curb safe-haven bullion bids.
Spot gold fell 0.4% to $1,803.11 per ounce by 12:34 p.m. EDT, having hit a low since July 12 of $1,793.59. U.S. gold futures settled 0.4% down at $1,803.40.
Oil prices rose more than 4% on Wednesday, continuing the previous trading day's gains, supported by improved risk appetite, but data showed an unexpected surge in oil inventories.
Brent crude futures rose $2.88, or 4.2%, to settle at $72.23 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose $3.1, or 4.6%, to settle at $70.30 a barrel.