America’s Roundup: Dollar rises as minutes shows Fed committed to supporting economic recovery, Gold edges lower, Oil up on global economic recovery, but high U.S. gasoline stocks weigh-April 8th,2021
Europe Roundup: Euro gains versus weaker dollar, European shares rises, Gold gains, Oil rises , sets out for weekly gains on demand hopes-16th April ,2021
Europe Roundup: Pound gains versus dollar,driven by UK outperformance on vaccine rollout, Gold eases, Oil drops below $64 as rising OPEC+, Iranian output weighs-April 5th,2021
America’s Roundup: Dollar retreats as profit-taking, Wall Street ends lower, Gold scales over 1-week peak, Oil gains over 1% on strong U.S., China economic data-April 7th,2021
Europe Roundup: Sterling slips after reaching two-week high versus dollar, European stocks rise,Gold's gains, Oil rebounds on robust economic data-April 6th,2021
Europe Roundup: Sterling recovers ground, hits one-week high vs. dollar,Gold prices ease, European shares gain,Oil maintains upward momentum despite fresh coronavirus fears- April 14th,2021
Europe Roundup: Euro weakens after German investor morale falls in April, European shares pause near record high, Gold slips to one-week low, Oil prices tick up after robust China data-April 13th 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
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 edges lower after mixed economic data from Germany, European shares flat,Gold slips from one-month high, Oil prices dip on mixed supply and demand outlook-April 9th,2021
America’s Roundup: Dollar edges up as inflation data helps lift Treasury yields, Wall Street gains, Gold slips, Oil falls, ends week about 2% lower on supply increase, new lockdowns-April 10th,2021
Europe Roundup: Sterling edges up against dollar, European shares gain, Gold firms, Oil near one-month highs as demand outlook improves-April 15th,2021
America’s Roundup: Dollar falls as U.S. weekly jobless claims rise unexpectedly,Wall Street advances, Gold firms near 1-month peak, Oil flat as weaker dollar offsets surge in U.S. gasoline stocks-April 9th,2021
Europe Roundup: Sterling hits one-week low vs dollar, European stocks pause near record high, Gold falls, Oil prices slip despite stronger economic outlook-April 7th,2021
America’s Roundup: Dollar drops to three-week lows after inflation data,Wall Street ends mixed, Gold gains, Oil rises 1% after robust China data but J&J vaccine pause weighs-April 14th,2021
America’s Roundup: Dollar index jumps to four-month peak, Wall Street dips, Gold slides 2%,Oil falls as Suez Canal reopens, dollar rallies; eyes on OPEC+ meeting-March 31st,2021
America’s Roundup: Dollar extends decline against euro,Wall Street ends mixed, Gold recovers from 7-month low, Oil extends losses as Texas prepares to ramp up output after freeze-February 20th,2021
• Canada Dec Core Retail Sales (MoM) -4.1%,-2.0% forecast, 2.1% previous
• Canada Retail Sales (MoM) -3.4%, -2.5%forecast, 1.3% previous
• US Feb Markit Composite PMI 58.8, 58.7 previous
• US Feb Services PMI 58.9, 57.6 forecast, 58.3 previous
• US Jan Existing Home Sales 6.69M, 6.61M forecast, 6.76M previous
• US Jan Existing Home Sales (MoM) 0.6%, -1.5%,0.7% previous
• US Feb Manufacturing PMI 58.5, 58.5 forecast, 59.2 previous
Looking Ahead - Economic Data (GMT)
•No data ahead
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro rose against dollar on Friday as single currency was driven up by a surge in global bond yields fuelled by expectations of reflation in the United States. The dollar lost ground, ending its first two-day winning streak in two weeks as disappointing labor market data tempered expectations for a speedy economic recovery from the global health crisis. The euro rose 0.4% to $1.2134. The single currency showed little reaction to purchasing manager index data, which showed a slowdown in business activity in February. However, factories had their busiest month in three years, buoying sentiment. Immediate resistance can be seen at 1.2143(50Fib%), an upside break can trigger rise towards 1.2213 (61.8%fib).On the downside, immediate support is seen at 1.2075(38.2%fib), a break below could take the pair towards 1.2026(16th Feb low).
GBP/USD: Sterling hit $1.40 against the dollar for first time in nearly 3 years on Friday, as investors bet Britain's quick pace of vaccinations will lead to an economic rebound from the country's worst crash in output in 300 years. The pound is the best performing G10 currency this year, up 2.3% against the dollar as investors bet that Britain's quicker pace of vaccinations will lead to a recovery from the worst annual fall in economic output in three centuries. Immediate resistance can be seen at 1.4032(April 23rd high 2018), an upside break can trigger rise towards 1.4100(Psychological level).On the downside, immediate support is seen at 1.3911(23.6%fib), a break below could take the pair towards 1.3801 (38.2%fib).
USD/CAD: The Canadian dollar strengthened to a four-week high against its U.S. counterpart on Friday as the greenback broadly declined, with investors shrugging off domestic data showing a bigger-than-expected drop in retail sales. The loonie was trading 0.5% higher at 1.2615 to the greenback . The currency touched its strongest intraday level since Jan. 21 at 1.2605. For the week, it was on track to gain 0.6% Canadian retail sales fell 3.4% in December, the biggest monthly drop since April, as COVID-19 restrictions hit businesses, Statistics Canada said. Analysts had forecast a 2.5% decline. Immediate resistance can be seen at 1.2645(38.2%fib), an upside break can trigger rise towards 1.2720 (38.2%fib).On the downside, immediate support is seen at 1.2584 (Lower BB), a break below could take the pair towards 1.2557 (23.6%fib).
USD/JPY: The dollar declined against the Japanese yen on Friday after disappointing U.S. labour market data bruised optimism for the country's speedy recovery from the COVID-19 pandemic.The greenback continued to buck its traditional role as a safe-harbour currency, falling in sympathy with U.S. stocks overnight after an unexpected increase in weekly jobless claims soured the economic outlook. The string of soft labour data is weighing on the dollar even as other indicators have shown resilience, and as President Joe Biden's pandemic relief efforts take shape, including a proposed $1.9 trillion spending package. Strong resistance can be seen at 105.71 (38.2%fib), an upside break can trigger rise towards 106.21(23.6%fib).On the downside, immediate support is seen at 105.28(50%fib), a break below could take the pair towards 104.98 (61.8%fib).
Euro zone shares rose on Friday, marking a third week of gains, as data showed factory activity in February jumped to a three-year high, while upbeat quarterly earnings boosted confidence in a broader economic recovery.
UK's benchmark FTSE 100 closed up by 0.10 percent, Germany's Dax ended up by 0.77 percent, France’s CAC finished the day up by 0.79 percent.
U.S. stocks gained on Friday, helped by a rise in economy-sensitive cyclical sectors, with the S&P 500 and the Nasdaq on track to end the week on a dull note as investors rotated out of technology-related companies.
Dow Jones closed up by 0.00% percent, S&P 500 closed down by 0.19% percent, Nasdaq settled up by 0.07%% percent.
Gold prices edged higher on Friday, recovering from a more than seven-month low hit earlier as the U.S. dollar eased, but rising Treasury yields kept bullion on course for its biggest weekly drop since early January.
Spot gold was up 0.3% at $1,780.86 per ounce by 02:17 p.m. EST (1917 GMT), after falling to its lowest since July 2 at $1,759.29 earlier.
Oil prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather and power outages.
Brent crude futures ended the session down $1.02, or 1.6%, at $62.91 a barrel while U.S. West Texas Intermediate (WTI) crude fell $1.28, or 2.1%, to settle at $59.24.