Europe Roundup: Euro steadies against dollar as investors eye German inflation data, European stocks gains, Gold prices ease, Oil drops as Hurricane Ida weakens, OPEC in focus-August 30th,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 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: 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 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
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
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 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: 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 steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
Europe Roundup: Euro dips as safety flows extend dollar rally ahead of Fed, European shares slide,Gold little changed, Oil falls below $75 on risk-averse mood, U.S. Gulf output-September 20th,2021
Europe Roundup:Sterling hits two-week high against dollar, European stocks gain,Gold rises, Oil dips on hurricane impact on U.S. refining, weak China data-August 31st,,2021
Europe Roundup: Sterling slips ahead of vote on new UK tax, European stocks fall, Gold edge higher, Oil climbs on slow U.S. supply return after Hurricane Ida-September 8th,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
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
America’s Roundup: Dollar edges lower ahead of Fed meeting, Wall Street gains, Gold eases ,Oil steadies in undersupplied market but coronavirus cases weigh-27th July,2021
•French 6-Month BTF Auction -0.641%,-0.638% previous
• French 3-Month BTF Auction-0.646% ,-0.651% previous
• French 6-Month BTF Auction -0.642%,-0.640% previous
• US June New Home Sales (MoM) -6.6%,3.5% forecast, -5.9% previous
• US June New Home Sales 676K,800K forecast, 769K previous
• US Dallas Jul Fed Mfg Business Index 27.3,31.1 previous
• US 3-Month Bill Auction 0.050%, 0.050% previous
• US 6-Month Bill Auction 0.050%,0.050% previous
Looking Ahead –Economic Data (GMT)
• 23:50 Japan Corporate Services Price Index (CSPI) (YoY) 1.5% previous
• 01:30 Chinese Jun Industrial profit (YoY) 36.40% previous
• 01:30 Chinese Jun Industrial profit YTD 83.4% previous
Looking Ahead - Events, Other Releases (GMT)
• 07:30 BoJ Governor Kuroda Speaks
EUR/USD: The euro gained on Monday as greenback dipped investors were cautious ahead of the Federal Reserve meeting. They key event of the week for markets is the Fed meeting, where investors will look for Chair Jerome Powell’s comments about the timing for the start of tapering of the central bank’s asset purchases. The euro was up 0.25% against the dollar, at $1.1802. Immediate resistance can be seen at 1.1822(38.2%fib), an upside break can trigger rise towards 1.1881 (50% fib).On the downside, immediate support is seen at 1.1754 (23.6% fib), a break below could take the pair towards 1.1726 (Lower BB).
GBP/USD: Sterling edged higher on Monday after data over the weekend showed a fall in COVID-19 cases in Britain but experts warned the full impact of the economy’s reopening on infection rates remained to be seen. The pound has held up better than most major currencies in recent weeks, supported by Britain’s high vaccination rate at a time when the Delta variant has caused cases to surge worldwide. Immediate resistance can be seen at 1.3824 (38.2%fib),an upside break can trigger rise towards 1.3838 (30DMA).On the downside, immediate support is seen at 1.3768 (5DMA), a break below could take the pair towards 1.3734 (50%fib).
USD/CAD: The Canadian dollar edged higher against its broadly weaker U.S. counterpart on Monday as investors awaited a Federal Reserve meeting this week, with the loonie adding to last week's advance.The U.S. dollar fell against a basket of major currencies, while oil , one of Canada's major exports, was up 0.1% at $72.12 a barrel as the prospect of tight supply offset fears that the spread of the COVID-19 Delta variant would crimp demand. The Canadian dollar was trading 0.2% higher at 1.2542 to the greenback. Immediate resistance can be seen at 1.2583 (38.2%fib), an upside break can trigger rise towards 1.2663 (23.6% fib).On the downside, immediate support is seen at 1.2518(50 %fib ), a break below could take the pair towards 1.2354 (61.8% fib)
USD/JPY: The dollar edged lower against the Japanese yen Monday as financial markets looked ahead to the Federal Open Market Committee (FOMC) meeting this week for clues on the timing of stimulus tapering. The week is also is packed with U.S. data. Second-quarter gross domestic product is forecast to show annualised growth of 8.6%, while the Fed’s favoured measure of core inflation is seen rising an annual 3.7% in June.Strong resistance can be seen at 110.60(38.2%fib), an upside break can trigger rise towards 110.99 (23.6%fib).On the downside, immediate support is seen at 110.28 (50%fib), a break below could take the pair towards 109.54(61.8%fib).
European stocks eased from all-time highs on Monday, hurt by a decline in shares of Dutch technology investor Prosus on regulatory clampdowns in China.
The UK's benchmark FTSE 100 closed dow by 0.03 percent, Germany's Dax ended down by 0.32 percent, and France’s CAC finished the up by 0.15 percent.
Wall Street indexes hovered near record highs on Monday in a week packed with heavyweight technology earnings, with investors staying away from big bets in the runup to a policy meeting by the Federal Reserve.
Dow Jones closed up by 0.24 percent, S&P 500 ended up by 0.24 percent, Nasdaq finished the day up by 0.03 percent.
U.S. Treasury yields were little changed to slightly lower in choppy trading on Monday, recovering a bit from sharper falls in the Asian session and tracking shifts in risk appetite, with investors cautious as well ahead of the Federal Reserve's monetary policy meeting this week.
The yield curve, which can be a gauge of risk sentiment, was little changed at 107.40 basis points, as measured by the spread between 2-year and 10-year yields
Gold edged lower on Monday as investors turned cautious in the run-up to a Federal Reserve policy meeting, overshadowing some support from a weaker dollar.
Spot gold was down 0.2% at $1,798.41 per ounce by 13:56 p.m. EDT, while U.S. gold futures settled 0.1% lower at $1,799.20.
Oil prices steadied on Monday after a choppy session as the spread of the COVID-19 Delta variant stoked fears about fuel demand, but losses were limited by forecasts that crude supply will be tight the rest of the year.
Brent crude futures rose 40 cents, or 0.5%, to end the session at $74.50 a barrel, while U.S. West Texas Intermediate crude slipped by 16 cents, or 0.2%, to settle at $71.91.