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
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: 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 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
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
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 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
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: Sterling dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,2021
Europe Roundup: Sterling dips from 3-year high as new COVID variant fears weighs European shares rise,Gold hits near 5-month high, Brent hits highest since March on demand prospects-June 1st,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: Euro dips after downbeat German retail sales data, European stocks inches higher, Gold prices fall, Oil gains, supported by OPEC+ call to restore supply to the market-June 2nd,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
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
America’s Roundup: Dollar eases off of two-week high ahead of jobs report as mega cap , Wall Street rises , Gold firms, Oil ends little changed, U.S. oil inventories fall-May 6th,2021
•Brazil April Markit Composite PMI 42.9 ,45.1 previous
•Brazil April Markit Services PMI 44.5, 44.1 previous
•US Apr ISM-New York Index 804.5 previous
•US Apr ISM NY Business Conditions 37.2% previous
•US Apr Markit Composite PMI 63., 62.2 previous
•US Apr Services PMI 64.7, 63.1 previous
•US Apr ISM Non-Manufacturing Business Activity 62.7,69.5 forecast, 69.4 previous
•US Apr ISM Non-Manufacturing PMI 62.7,64.3 forecast, 63.7 previous
•US Apr ISM Non-Manufacturing New Orders 63.2,67.2 previous
•US Apr ISM Non-Manufacturing Employment 58.8,57.2 previous
•US Gasoline Inventories 0.737M,-0.652M forecast, 0.092M previous
•US Crude Oil Inventories-7.990M, -2.346M, 0.090M previous
•22:45 New Zealand March Building Consents (MoM) -18.2% previous
•23:40 Japan Foreign Bonds Buying 132.8B previous
•23:30 Japan Foreign Investments in Japanese Stocks 492.2B previous
•01:00 New Zealand ANZ Business Confidence -2.0 previous
•China Apr Caixin Services PMI 54.3 previous
•China Apr Chinese Composite PMI 53.8 previous
Looking Ahead - Economic events and other releases (GMT)
•23:30 Japan Monetary Policy Meeting Minutes
EUR/USD: The euro declined against dollar on Wednesday as hints of the potential for higher U.S. interest rates boosted greenback. The greenbacks against versus euro was sparked by comments from U.S. Treasury Secretary Janet Yellen that rate hikes may be needed to stop the economy overheating .The dollar's bounce on Tuesday put pressure on the euro, which dropped once again below the $1.20 mark on Wednesday, hitting its lowest against the buck in over two weeks. Immediate resistance can be seen at 1.2044 (23.6%fib), an upside break can trigger rise towards 1.2059(11DMA).On the downside, immediate support is seen at 1.1980(38.2%fib), a break below could take the pair towards 1.1930(50%fib).
GBP/USD: Pound edged higher against the dollar on Wednesday as a survey showed Scotland's pro -independence party was probably not going to win an out and out lion's share in Thursday's political race, undermining its expectations for referendum on separating from Britain. The Scottish National Party (SNP) needs a majority share in the parliament to request another referendum, albeit British Prime Minister Boris Johnson emphasized that he won't concede one. Policymakers at the Bank of England meet on Thursday when it will publish its May Monetary Policy Report. Analysts however believe it is probably too early in the economic recovery cycle for the BoE to announce a reduction of its bond-buying scheme, let alone raise interest rates. Immediate resistance can be seen at 1.3924(23.6%fib), an upside break can trigger rise towards 1.4005(Higher BB).On the downside, immediate support is seen at 1.3849 (21DMA), a break below could take the pair towards 1.3812 (38.2%fib).
USD/CAD :The Canadian dollar strengthened to its highest level in more than three years against its U.S. counterpart on Wednesday, supported by improved investor sentiment and the Bank of Canada's recent shift to more hawkish guidance. Last month, the Bank of Canada cut the pace of its bond purchases and signaled it could hike interest rates in late 2022.Further clues to the central bank's policy outlook could come from Canada's April employment report, due for release on Friday. The Canadian dollar was trading 0.2% higher at 1.2280 to the greenback, having touched its strongest intraday level since February 2018 at 1.2252.Immediate resistance can be seen at 1.2352(38.2%fib), an upside break can trigger rise towards 1.2444 (21DMA).On the downside, immediate support is seen at 1.2219 (Lower BB), a break below could take the pair towards 1.3141 (23.6%fib).
USD/JPY: The dollar eased against the yen on Wednesday as U.S. economic data came in a bit softer than expected and traders awaited a key jobs report at the end of the week.U.S. private payrolls rose by the most in seven months in April, ADP data showed on Wednesday, as companies boosted production to meet a surge in demand amid massive government spending and rising COVID-19 vaccinations. But the 742,000 private jobs created fell short of the 800,000 jobs expected by economists. The dollar index, which measures the greenback against a basket of peer currencies, was last at 91.319 after rising as high as 91.436 earlier in the session, its highest since April 19. Strong resistance can be seen at 109.78 (23.6%fib), an upside break can trigger rise towards 110.00(Psychological level).On the downside, immediate support is seen at 109.02 (38.2%fib), a break below could take the pair towards 108.66 (11DMA).
European stocks marked their best day in nearly two months on Wednesday, recovering from a sharp sell-off in the previous session as resource stocks hit a 10-year high, while data showed euro zone business activity picked up in April.
UK's benchmark FTSE 100 closed up by 1.68% percent, Germany's Dax ended up by 2.12% percent, France’s CAC finished the day up by 1.40 percent. .
Wall Street’s main indexes and the Dow hit a record high on Wednesday, as growth stocks bounced from a steep selloff in the previous session and a survey showed private jobs rose in April.
Dow Jones was closed upby 0.29% percent, S&P 500 closed up at 0.07% percent, Nasdaq settled down by 0.37% percent.
U.S. Treasury yields drifted lower on Wednesday as inflation expectations leaped to multi-year highs even as Federal Reserve officials downplayed the risk of a big and sustained rise in inflation.
The breakeven rate on 10-year Treasury Inflation-Protected Securities (TIPS) topped 2.47%, its highest level since April 2013, indicating the markets sees inflation averaging closer to 2.5% a year for the next decade.
Gold firmed on Wednesday as the dollar and U.S. Treasury yields eased, while palladium held near record highs propped up by supply constraints.
Spot gold rose 0.3% to $1,784.23 per ounce by 1:50 p.m. EDT (1750 GMT), after falling about 0.8% on Tuesday. U.S. gold futures GCv1 settled up 0.5% at $1,784.30.
Oil ended little changed on Wednesday after two days of gains despite a sharp drawdown in U.S. crude stocks, as the market weighs the outlook for demand with coronavirus infections still surging worldwide.
Brent crude settled at $68.96 a barrel, up 8 cents. U.S. West Texas Intermediate (WTI) crude settled at $65.63 a barrel, down 6 cents.