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: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
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
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: 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 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
S. Korean consumers' fascination for expensive, unconventional fruit prompts farmers to switch crops
America’s Roundup: Dollar little changed as US jobs data report looms ,Wall Street ends lower ,Gold rises, Oil settles down 1% as U.S. refineries shut; Washington pushes OPEC to pump more-September 1st,2021
America’s Roundup: Dollar falls after U.S. nonfarm payrolls data, Wall Street gains,Gold gains, Oil steady, traders on sidelines as OPEC+ talks drag on-July 3rd,2021
•US June Unemployment Rate 5.9%,5.7% forecast, 5.8% previous
•US June Average Hourly Earnings (YoY) (YoY) 3.6%, 3.7%,2.0% previous
•US June U6 Unemployment Rate 9.8%,10.2% previous
•US June Participation Rate 61.6%,61.6% previous
•US June Trade Balance -71.20B,-71.40B, -68.90B previous
•Canada May Building Permits (MoM) -14.8%,-0.3%forecast,-0.5% previous
•US June Average Weekly Hours 34.7, 34.9 forecast, 34.9 previous
•Canada May Imports 50.92,B49.61B previous
•US June Average Hourly Earnings (MoM) 0.3%,0.4% forecast ,0.5%previous
•US June Manufacturing Payrolls 15K,28K forecast, 23K previous
•US June Private Nonfarm Payrolls 662K, 600K forecast, 492K previous
•US June Nonfarm Payrolls 850K, 700K forecast, 559K previous
•Canada May Exports 49.53B,50.21B previous
•Canada May Trade Balance 49.53B ,0.37B forecast, 0.59B previous
•Canada June Manufacturing PMI 56.5 ,57.0 previous
•US May Factory Orders (MoM) 0.7%,1.6% forecast, -0.6% previous
Looking Ahead - Economic Data (GMT)
•No data ahead
Looking Ahead - Economic events and other releases (GMT)
•no significant events
EUR/USD: The euro strengthened on Friday as U.S. dollar dropped after the U.S. nonfarm payrolls report for June showed a strong jobs gain but some weak details.Data showed U.S. job growth accelerated in June as nonfarm payrolls increased by 850,000 jobs after rising by 583,000 in May, although the unemployment rate rose to 5.9% from 5.8% the previous month. The euro was up 0.1% on the day at $1.1865.Immediate resistance can be seen at 1.1902 (11DMA), an upside break can trigger rise towards 1.1923 (38.2%fib).On the downside, immediate support is seen at 1.1835(23.6%fib), a break below could take the pair towards 1.1743(Lower BB).
GBP/USD: Britain’s pound steadied against the dollar on Friday, recovering from two-month lows after a print of U.S. jobs data pushed the dollar lower.Earlier on Friday, sterling hit fresh two-month lows against the dollar, pressured by dovish comments from the Bank of England’s governor.Bailey’s comments knocked the pound to its lowest since April 16, and the currency hit a fresh low of $1.3745 in morning deals in London.But after the dollar was weighed down by some weaker details in an otherwise strong overall U.S. jobs report, sterling recovered some ground to trade 0.15% higher at $1.3782. Immediate resistance can be seen at 1.3873 (11DMA), an upside break can trigger rise towards 1.3895(50%fib).On the downside, immediate support is seen at 1.3821 (38.2%fib), a break below could take the pair towards 1.3734 (23.6%fib).
USD/CAD: The Canadian dollar rallied against its U.S. counterpart on Friday, as the greenback gave back some recent gains and investors looked for Canada's jobs report next week to support further reduction of stimulus by the Bank of Canada.The loonie was trading 0.9% higher at 1.2320 to the greenback, its biggest advance since May 6.Earlier, the currency touched its weakest level since June 21 at 1.2449. For the week, it was down 0.2%.Immediate resistance can be seen at 1.2367 (38.2%fib), an upside break can trigger rise towards 1.2441 (23.6%fib).On the downside, immediate support is seen at 1.2309 (50%fib), a break below could take the pair towards 1.2254 (61.8%fib).
USD/JPY: The dollar declined against the Japanese yen on Friday as greenback was weighed down by a mixed U.S. nonfarm payrolls report for June, that showed a strong headline number but with some weak components. Data showed that U.S. nonfarm payrolls did beat expectations, increasing by 850,000 jobs last month after rising 583,000 in May. But the unemployment rate rose to 5.9% from 5.8% in May, while the closely watched average hourly earnings, a gauge of wage inflation, rose 0.3% last month, lower than the consensus forecast for a 0.4% increase. Strong resistance can be seen at 111.17(38.2%fib), an upside break can trigger rise towards 111.76 (Higher BB).On the downside, immediate support is seen at 110.78(50%fib), a break below could take the pair towards 110.22 (61.8%fib).
European shares ended slightly higher on Friday on a boost from chipmakers, although gains were capped by weak bank stocks and growing concerns over the Delta variant of the coronavirus.
UK's benchmark FTSE 100 closed down by 0.03 percent, Germany's Dax ended up by 0.30 percent, France’s CAC finished the day up by 0.02 percent.
Wall Street scaled new highs on Friday, with the S&P closing up for a seventh straight day, after jobs data for June showed robust hiring yet persistent weakness in the labor market that will keep the Federal Reserve from raising interest rates any time soon.
Dow Jones closed down by 0.44%percent, S&P 500 closed down by 0.75% percent, Nasdaq settled up by 0.81 % percent.
U.S. Treasury yields were lower on Friday after a strong payroll report left uncertainty about how the Federal Reserve might respond.
The benchmark 10-year yield was down 3.9 basis points at 1.4407% in midday trading. That was close to its level before the morning release of new Labor Department data showed U.S. job growth accelerated in June.
Gold rose on Friday, climbing further from a two-month trough hit earlier in the week, as the dollar weakened and investors weighed prospects for U.S. Federal Reserve tightening after a strong U.S. jobs report that nevertheless showed a slight uptick in the unemployment rate.
Spot gold rose 0.4% to $1,784.21 per ounce by 1:42 pm EDT (1742 GMT), after jumping to $1,794.86, its highest level since June 18. U.S. gold futures settled up 0.4% at $1,783.30.
Oil prices steadied on Friday after OPEC+ ministers resumed talks on raising oil output the day after the United Arab Emirates blocked a deal, which could delay plans to pump more oil through the end of the year.
U.S. West Texas Intermediate (WTI) crude futures fell 7 cents to settle at $75.16 a barrel, having jumped 2.4% on Thursday to close at their highest since October 2018.