Europe Roundup: Euro gains after data points to stronger recovery, European shares dips, Gold gains, Oil steady as rising India COVID-19 cases weigh-April 23rd,2021
Europe Roundup: Sterling slips against the dollar as investors look to BoE ,European shares inch higher, Gold edges lower, Oil prices drift lower on India demand hiccup-April 30th,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
America’s Roundup: U.S. dollar mixed as investors hold back ahead of Fed meeting, Wall Street ends mixed, Gold falls, Oil rises as OPEC+ seen sticking to policy despite India COVID surge-April 28th,2021
America’s Roundup: U.S. dollar gives up earlier gains, Wall Street ends higher, Gold gains, Oil prices drop as India’s COVID-19 surge dents demand outlook-April 22nd,2021
Europe Roundup: Euro little changed against dollar as investors awaited Fed’s policy meeting on Wednesday, European stocks dips, Gold steady, Oil rises to $66 ahead of OPEC+ meeting-April 27th,2021
Europe Roundup: Euro gains against dollar ahead of U.S. jobs data, European stocks hit a record high , Gold gains,Oil prices set for weekly gain despite India virus surge-May 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
Europe Roundup: Euro gains against dollar as Euro zone retail sales beat expectations, European stocks gain, Oil prices slip despite big U.S. inventory fall-May 6th,2021
Europe Roundup: Euro dips against dollar in wake of US rates talk , European stocks rebound, Gold eases, Oil nears $70 as easing Western lockdowns boost summer demand outlook-May 5th,2021
America’s Roundup: Dollar dips after U.S. central bank dampens taper hopes, Wall Street ends, Gold gains, Oil gains more than 1% on fuel demand hopes-April 29th,2021
America’s Roundup: Dollar retreats as U.S. data disappoints, Wall Street gains,Gold rises over 1%, Oil rises over 1% as demand hopes bolster sentiment-May 4th 2021
America’s Roundup: Dollar slips after disappointing U.S. jobs data, wall street ends higher Gold gains, Oil prices set for weekly gain despite India virus surge-May 8th,2021
Europe Roundup: Euro holds near 8-week highs against the greenback, European shares inch higher, Gold firms, Oil falls on India's COVID surge, supply increase-April 26th,2021
Europe Roundup: Sterling dips ahead of BoE meeting, Scottish elections, European shares dips ,Gold retreats from 2-month high, Oil rises on U.S., Europe demand growth optimism-4th May,2021
America’s Roundup: Dollar heads for longest weekly losing streak since July ,Wall street ends lower,Gold prices dips, Oil prices slips as India's demand fears weigh-May 1st,2021
America’s Roundup: Dollar edges higher from recent lows, Wall Street slides, Gold gains, Oil drops on demand fears as Covid-19 infections floods in India-April 21st ,2021
• US Redbook (MoM) 13.5%, 13.2% previous
• New Zealand GlobalDairyTrade Price Index -0.1% , 0.3% previous
• Russian Feb Real Wage Growth (YoY ) 2.0%,0.2% forecast, 0.1% previous
• Russian Mar Unemployment Rate 5.4%, 5.6% forecast, 5.7% previous
• Russian Mar Retail Sales (YoY) -3.4%, -1.3% forecast, -1.3% previous
Looking Ahead – Economic Data (GMT)
• 21:45 New Zealand CPI (YoY) (Q1) 1.4% forecast, 1.4% previous
• 21:45 New Zealand CPI (QoQ) (Q1) 0.7% forecast, 0.5% previous
•00:30 Australia MI Leading Index (MoM) 0.0% previous
•01:30 Australia Retail Sales (MoM) -0.8% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro was little changed against dollar on Tuesday as investors attention turned to Thursday ECB meeting. Trading remained relatively light, with no major data releases due on Tuesday and attention turning to the European Central Bank meeting on Thursday. Investors hope the meeting will give more clarity about the ECB’s stimulus plans once the bloc’s economic recovery takes hold. The euro was trading up 0.01% at $1.2032 . Immediate resistance can be seen at 1.2080(23.6%fib), an upside break can trigger rise towards 1.2081(Ichimoku cloud top).On the downside, immediate support is seen at 1.2012 (38.2%fib), a break below could take the pair towards 1.1970(9DMA).
GBP/USD: Sterling hit six weeks high against the dollar on Tuesday weaker dollar and UK labour market data offered support to the British currency .The pound crossed the $1.40 mark for the first time in nearly a month on Monday, rising 1% as it benefited from a broadly weakening dollar that took a hit as risk sentiment returned and volatility slumped in global markets. Investors will watch for inflation data due out of Britain on Wednesday and retail sales data due on Friday for further signs of the economy’s health. Immediate resistance can be seen at 1.4064 (23.6%fib), an upside break can trigger rise towards 1.4120 (23rd feb high ).On the downside, immediate support is seen at 1.3953 (38.2%fib), a break below could take the pair towards 1.3900 (Psychological level).
USD/CAD: The loonie weakened against its US counterpart on Tuesday as global COVID-19 cases weighed on oil and stock markets, while investors waited for Bank of Canada interest rate decision. The loonie was trading 0.7% lower at 1.2620 to the greenback, or 79.24 U.S. cents, its largest decline since Feb. 26. It hit its weakest intraday level since April 13 at 1.2623. The price of oil, one of Canada's major exports, pulled back from one-month highs on fears that India, the world's third-biggest oil importer, may impose restrictions as coronavirus infections soar.Immediate resistance can be seen at 1.2623 (20th April High), an upside break can trigger rise towards 1.2652 (23.6%fib).On the downside, immediate support is seen at 1.2595(38.2%fib), a break below could take the pair towards 1.2550(50%fib).
USD/JPY: The dollar edged higher against Japanese yen on Tuesday as optimism about the pace of vaccine rollout in Europe ease reduced fears of another wave of coronavirus cases. The dollar has fallen so far in April as U.S. bond yields retreated from the 14-month highs touched last month. The moves are a reverse of what happened in the first quarter of the year, when the dollar strengthened as U.S. Treasury yields rose, offering higher returns on the greenback. Against the Japanese yen, the dollar edged up against the Japanese yen to 108.09 after having broken below 108 for the first time since March 5. Strong resistance can be seen at 108.47 (38.2%fib), an upside break can trigger rise towards 108.90 (50%fib).On the downside, immediate support is seen at 108.15(23.6%fib), a break below could take the pair towards 107.77(Lower BB).
European shares lost nearly 2% on Tuesday, after hitting record highs a day earlier, as tobacco companies weighed on London stocks and many regional indexes edged off pre-pandemic highs.
UK's benchmark FTSE 100 closed down by 2.00 percent, Germany's Dax ended down by 1.55 percent, France’s CAC finished the day down by2.09 percent.
Wall Street’s main indexes fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel stocks and investors had second thoughts about big U.S. banks’ apparently stellar earnings last week.
Dow Jones closed down by 0.45% percent, S&P 500 closed up by 0.01% percent, Nasdaq settled up by 0.78% percent.
Most U.S. Treasury yields fell on Tuesday as investors moved out of stocks and eyed challenges many countries still face from the COVID-19 pandemic.
The benchmark 10-year yield was down 3.7 basis points at 1.562% in early afternoon trading after spending much of the morning near 1.6%.
Gold prices rose on Tuesday as a drop in U.S. Treasury yields lifted the non-yielding precious metal’s appeal.
Spot gold rose 0.5% to $1,777.43 per ounce by 2:01 p.m. EDT (1801 GMT). U.S. gold futures settled up 0.4% to $1,778.40.
Crude futures settled lower on Tuesday, pulling back from one-month highs, on fears that India, the world's third-biggest oil importer, may impose restrictions as coronavirus infections and deaths surge to record highs.
Brent crude settled down 48 cents, or 0.7%, at $66.57 a barrel. During the session it reached its highest since March 18 at $68.08. U.S. West Texas Intermediate (WTI) crude fell 94 cents, or 1.5%, to $62.44.