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 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: Dollar eases ahead US payrolls data, Wall Street ends higher, Gold eases,Oil rises on economic recovery hopes, weaker dollar-September 3rd,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 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 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: 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 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: Euro near 1-month peak versus dollar , European stocks edge higher, Gold firms, Oil rises on declining inventories and weaker dollar-September 2nd,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: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 steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,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: 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: 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 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 on dovish Fed tone, mixed economic outlook, Wall Street ends mixed, Gold gains, Oil falls over 3% on concerns over demand and OPEC supply boost-August 3rd,2021
•U.S. manufacturing sector growth slowing-ISM
•U.S. 10-year Treasury yields slip to near 2-week low
•US Jul ISM Manufacturing Employment 52.9,49.9 previous
•US Jun Construction Spending (MoM) 0.1%, 0.4% forecast, -0.3% previous
•US Jul ISM Manufacturing Prices 85.7, 92.1 previous
•US Jul ISM Manufacturing PMI 59.5, 60.9 forecast, 60.6 previous
•US Jul ISM Manufacturing New Orders Index 64.9,66.0 previous
Looking Ahead –Economic Data (GMT)
•23:50 Japan Jul CPI Tokyo Ex Food and Energy (MoM) -0.1% previous
•23:50 Japan Jul Tokyo Core CPI (YoY) 0.0%forecast, 0.0% previous
•05:20 Japan Monetary Base (YoY) 19.1% previous
•07:00 Australia Jun Building Approvals (MoM) -4.5% forecast, -7.1% previous
•07:00 Australia Jun Private House Approvals-10.3% previous
•10:00 Australia RBA Aug Interest Rate Decision 0.10% forecast, 0.10% previous
Looking Ahead - Events, Other Releases (GMT)
•10:00 Australia RBA Rate Statement
EUR/USD: The euro was little changed against dollar on Monday as markets remained directionless in the absence of any major triggers. The euro showed little reaction to a Purchasing Managers Index (PMI) reading of July manufacturing at 62.8, a touch above the flash number of 62.6. The data follows last week's data showing inflation shooting past the European Central Bank's 2% target. The euro firmed 0.16% at $1.1871 having last week risen as high as $1.1909. Immediate resistance can be seen at 1.1904(38.2%fib), an upside break can trigger rise towards 1.1962(23.6%fib).On the downside, immediate support is seen at 1.1861 (50% fib), a break below could take the pair towards 1.1828(9DMA).
GBP/USD: Sterling steadied on Monday versus the dollar, ahead of a Bank of England meeting later in the week, as global risk tone improved on optimism for the U.S. infrastructure bill.Sterling flattened versus the dollar to $1.3888 by 1940 GMT, after hitting a five-week high of $1.3983 on Friday, closing its best week versus the weakening greenback since early May.Prospects of the U.S. bill passing provided support for riskier assets like the pound.Immediate resistance can be seen at 1.3931(Daily high),an upside break can trigger rise towards 1.3995(23.6%fib).On the downside, immediate support is seen at 1.3886 (38.2%fib), a break below could take the pair towards 1.3842 (9DMA).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Monday as lack of new catalyst and mixed economic data led investors to avoid making new bets on the pair. Oil prices tumbled about 3% on Monday as weak economic data from China and the U.S., the world's top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply. The loonie was trading 0.02% higher at 1.2498 to the greenback, after trading in a range of 1.2445 to 1.2498. Immediate resistance can be seen at 1.2538 (11DMA), an upside break can trigger rise towards 1.2566 (23.6%fib).On the downside, immediate support is seen at 1.2448 (38.2%fib), a break below could take the pair towards 1.2442(61.8%fib).
USD/JPY: The dollar little changed against the Japanese yen on Monday as markets assessed how tightly to embrace risk following dovish statements from Federal Reserve policy makers last week and mixed economic data. The dollar index , which measures the currency against six major peers, was down less than 0.1% at 92.058 by early afternoon in New York after having been down about 0.2% on the day. The dollar was last up 0.02 percent lower versus the yen at 109.33. Strong resistance can be seen at 109.73(38.2%fib), an upside break can trigger rise towards 109.97 (Higher BB).On the downside, immediate support is seen at 109.15 (Daily low), a break below could take the pair towards 109.00(Psychological level).
European stocks ended at a new peak on Monday, as increased dealmaking activity and a batch of strong financial sector earnings helped markets mark a strong start to August.
UK's benchmark FTSE 100 closed up by 0.70 percent, Germany's Dax ended up by 0.16 percent, France’s CAC finished the day up by 0.96 percent.
The S&P 500 Index closed slightly lower on Monday after erasing early gains as worries about the Delta variant of the coronavirus and a slowing U.S. economy overshadowed optimism around more fiscal stimulus and a strong second-quarter earnings season.
Dow Jones closed down by 0.28% percent, S&P 500 closed down by 0.19% percent, Nasdaq settled up by 0.06% percent.
U.S. Treasury yields fell on Monday as a soft manufacturing report and the spread of the coronavirus Delta variant raised questions about economic growth.
The benchmark 10-year Treasury yield was down 5.5 basis points at 1.1839% in afternoon trading.
Gold prices ticked higher on Monday, propped up by a weaker dollar and U.S. bond yields, though an uptick in risk appetite took some shine off the safe-haven metal.
Spot gold rose 0.1% to $1,816.01 per ounce by 1:44 pm EDT (1744 GMT), having hit a session low of $1,804.49, while U.S. gold futures settled up 0.3% at $1,822.20.
Oil prices fell more than 3% on Monday after weak economic data from China and the United States, the world's top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply.
Brent crude oil futures settled down $2.52, or 3.3%, at $72.89 a barrel, while U.S. West Texas Intermediate (WTI) crude ended $2.69, or 3.6%, lower at $71.26.