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
America’s Roundup: Dollar drops with US yields, euro buoyed as ECB trims emergency support, Wall Street closes down, Gold gains, Oil dives late, hit by China supply plan, U.S. bond auction-10th Sepember,2021
America’s Roundup: Dollar extends gains, Wall Street ends lower, Gold hits two-week low, Oil settles up 1% on low U.S. output after hurricane, Oil settles up 1% on low U.S. output after hurricane-September 9th,2021
America’s Roundup: Dollar eases ahead US payrolls data, Wall Street ends higher, Gold eases,Oil rises on economic recovery hopes, weaker dollar-September 3rd,2021
America’s Roundup: Dollar skids as soft U.S. inflation weighs, Wall Street ends higher, Gold retreats, Oil prices jump over $2/bbl after drawdown in U.S. stocks-September 16th,2021
America’s Roundup: Dollar gains after hitting near two-week low, Wall Street ends mixed, Gold dips, Oil settles up as U.S. producers, refiners assess storm damage-August 31st,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: 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
America’s Roundup: Dollar index climbs after U.S. retail sales show surprise rebound ,Wall Street slips, Gold slides, Oil prices steady as U.S. storm threat wanes-September 17th,2021
America’s Roundup: U.S. dollar declines after U.S. Fed Chair Powell comments, Wall Street rises, Gold jumps, Oil posts biggest weekly gains in over a year ahead of Hurricane Ida-August 28th,2021
America’s Roundup: Dollar turns negative on inflation data, Wall street dips,Gold climbs, Oil settles unchanged as latest storm spares U.S. energy sector-September 15th,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,2021
America’s Roundup: Dollar hits three-week high, driven by recent data ,Wall Street slips, Gold edges lower, Oil falls as storm-hit U.S. supply trickles back into market-September 18th,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: 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: 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 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
•US Jun Services PMI 64.6, 64.8 previous
•US June US Markit Composite PMI 63.7, 63.9 forecasts,68.7previous
•US June ISM Non-Manufacturing Business Activity 60.4, 66.4 forecast, 66.2 previous
•US June CB Employment Trends Index 109.84,107.40 previous
•US June ISM Non-Manufacturing PMI 60.1 ,63.5 forecast, 64.0 previous
•US June ISM Non-Manufacturing Prices 79.5,80.6 previous
•US June ISM Non-Manufacturing Employment 49.3 ,55.3 previous
•US Jun ISM Non-Manufacturing New Orders 62.1,63.9 previous
Looking Ahead - Economic Data (GMT)
•23:50 Japan Foreign Reserves (USD) 1,387.5B previous
•01:00 New Zealand ANZ Business Confidence-0.6 previous
•01:00 Japan May Coincident Indicator (MoM) 2.4% previous
•01:00 Japan May Leading Index (MoM)
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro declined against dollar on Tuesday as disappointing data tarnished some of the single currency's earlier gains. Investor sentiment in Germany, the euro zone's biggest economy, remains at a high level but fell sharply in July, the ZEW economic research institute reported, while data showed orders for German-made goods posted their sharpest slump in May since the first lockdown in 2020.The data dented the euro which weakened about 0.2% to $1.1819 in US session. It fell to an early April low of $1.1807 last week. Immediate resistance can be seen at 1.1841 (5DMA), an upside break can trigger rise towards 1.1895 (38.2%fib).On the downside, immediate support is seen at 1.1808 (23.6%fib), a break below could take the pair towards 1.1723(Lower BB).
GBP/USD: Sterling initially gained against dollar on Tuesday but reversed course as markets looked forward to England becoming the first major country to formally start living with the coronavirus by dropping COVID-related curbs in two weeks' time. Johnson confirmed the government aimed to end restrictive measures on July 19, with a final decision to be taken next week. Sterling was down 0.34% against the dollar at $1.3800 after having hit a one-week high of $1.3888. Immediate resistance can be seen at 1.3822 (9DMA), an upside break can trigger rise towards 1.3868 (38.2%fib).On the downside, immediate support is seen at 1.3774(23.6%fib), a break below could take the pair towards 1.3680 (Lower BB).
USD/CAD: The Canadian dollar fell to a two-month low against its broadly stronger U.S. counterpart on Tuesday, as oil prices tumbled and investors weighed signs that the pace of global economic recovery is peaking. Canada is a major exporter of commodities, including oil, so the loonie has benefited this year from the global economy's rebound from the coronavirus crisis. The Canadian dollar was trading 0.9% lower at 1.2456 to the greenback , its biggest decline since Feb. 26. Immediate resistance can be seen at 1.2476 (23.6%fib), an upside break can trigger rise towards 1.2523 (Higher BB).On the downside, immediate support is seen at 1.2401 (38.2%fib), a break below could take the pair towards 1.2380(9DMA).
USD/JPY: The dollar edged higher against the Japanese yen on Tuesday as traders positioned themselves ahead of the release of the minutes from the U.S. Federal Reserve's pivotal June meeting. Market participants will be looking for clues as to when the Fed will begin to taper its pandemic-induced bond-buying spree amid a recovering economy, when minutes of the June meeting are published on Wednesday. Strong resistance can be seen at 110.92(23.6%fib), an upside break can trigger rise towards 111.20(July 5th high).On the downside, immediate support is seen at 110.49(38.2%fib), a break below could take the pair towards 110.14 (50%fib).
European stocks retreated sharply from two-week highs on Tuesday, breaking a three-day winning streak as investors flocked to bonds on worries over risks to rebounding global economic growth.
UK's benchmark FTSE 100 closed down by 0.89 percent, Germany's Dax ended down by 0.96 percent, France’s CAC finished the day down by 0.96 percent.
U.S. stocks were lower in Tuesday afternoon trading, led by declines in the Dow Jones Industrial Average as investors took profits in some of the groups tied most closely to economic growth.
Dow Jones ended down by 0.60 percent, S&P 500 ended lower by 0.20 percent, Nasdaq was settled up by 0.17 percent.
U.S. Treasury yields fell on Tuesday, with the benchmark 10-year note poised for its longest streak of daily declines in 16 months as investors look for clues on the Federal Reserve's policy path and after data signaled the service sector expanded at a slower pace.
The yield on 10-year Treasury notes was down 6.4 basis points to 1.368%. The yield hit a low of 1.352%, its lowest since Feb. 24 and was on track for a sixth straight session of declines.
Gold rose on Tuesday, bouncing above the key $1,800 level at one point, bolstered by a retreat in U.S. bond yields while investors watched for minutes from the Federal Reserve’s last policy meeting to gauge interest rate trajectory.
Spot gold rose 0.2% to $1,794.37 per ounce by 2:13 p.m. EDT (1813 GMT), after jumping to its highest level since June 17 at $1,814.78. U.S. gold futures settled 0.6% higher at $1,794.2.
Oil prices tumbled on Tuesday in a volatile session after OPEC producers canceled a meeting when major players were unable to come to an agreement to increase supply.
Brent crude settled down $2.63 a barrel, or 3.4%, to $74.53, after hitting a session peak of $77.84, its highest since October 2018.
U.S. West Texas Intermediate (WTI) crude futures settled down $1.79, or 2.4%, to $73.37 after touching $76.98, highest since November 2014.