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
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 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 after upbeat German retail sales data, European shares gain,Gold inches higher, Oil slips towards $66 as India offsets demand hopes elsewhere-May 3rd, 2021
America’s Roundup: Dollar recovers from a nine-week low ,Gold hits two-week low,Wall Street gains,Oil climbs to fresh 6-week high on bullish demand-30th April,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
Europe Roundup: Sterling dips against dollar as markets wait for global cues, European shares extend gains, Gold hovers near eight-week high, Oil extends losses on U.S. stock build, pandemic concerns-April 22nd 2021
America’s Roundup: Dollar eases off of two-week high ahead of jobs report as mega cap , Wall Street rises , Gold firms, Oil ends little changed, U.S. oil inventories fall-May 6th,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: Greenback hits 4-week low on retreating US Treasury yields, Wall Street ends higher, Gold gains, Oil dips but posts weekly gain on recovery hopes-April 17th,2021
America’s Roundup: Dollar falls as yields grieve, Gold heads for third weekly gain, Oil edges higher as recovery support countered by Asia virus surge- April 24th, 2021
America’s Roundup: Dollar rises vs major currencies ahead of Fed meeting, Gold firms, Wall Street ends higher,Oil falls on India's COVID rise; OPEC+ limits drop-April 27th,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
Europe Roundup: Euro dips as dollar strengthens ahead of Fed meeting, European stocks slip, Gold slips to 1-week low, Oil prices steady as rising demand outlook tempered by COVID worries-April 28th,2021
America’s Roundup: U.S. dollar perks up after ECB policy talk cools euro,U.S. stocks ends down, Gold slips 1%,Oil steady as Libya output decline offsets risks to Asian demand-April 23rd,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
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
•Fed’s Powell sees higher prices this year, but not inflation
•Worse-than-expected jobless claims pressures dollar
• US Continuing Jobless Claims 3,734K ,3,650K forecast, 3,794K previous
• US Jobless Claims 4-Week Avg 723.75K, 719.00K previous
• US Initial Jobless Claims 744K, 680K forecast, 719K previous
• Russia Central Bank reserves (USD) 574.8B,577.7B previous
• US Natural Gas Storage 20B, 21B forecast, 14B previous
Looking Ahead – Economic Data (GMT)
• 07:00 Australia Building Approvals (MoM) 21.6% forecast,-19.4% previous
•07:00 China March CPI (YoY) 0.3% forecast, -0.2% previous
•07:00 China March CPI (MoM) -0.4% forecast, 0.6% previous
•07:00 China March PPI (YoY) 3.5% forecast, 1.7% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro strengthened against dollar on Thursday as dovish signals from the Federal Reserve boosted euro. Euro was helped by a dip in the dollar and U.S. treasury yields, after minutes from the Federal Reserve's latest meeting showed the bank ready to maintain accommodative monetary policy in the foreseeable future. The euro was up 0.02% to $1.1913. Immediate resistance can be seen at 1.1925 (Daily high), an upside break can trigger rise towards 1.1951 (50%fib).On the downside, immediate support is seen at 1.1842 (38.2%fib), a break below could take the pair towards 1.1807 (5DMA).
GBP/USD: Sterling steadied against the dollar on Thursday, stanching its losses after a bruising bout of profit-taking, with traders optimistic for its near-term prospects after a strong start to the year. The pound racked up losses of 1.2% against the dollar between Tuesday and Wednesday as investors took cash off the table after a strong first quarter for the British currency. Sterling was flat against the dollar at $1.3762, away from its lowest this month, with the greenback on the back foot against major peers. Immediate resistance can be seen at 1.3803 (38.2%fib), an upside break can trigger rise towards 1.3915(23.6%fib ).On the downside, immediate support is seen at 1.3706 (50%fib), a break below could take the pair towards 1.3615(61.8%fib ).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Thursday, recovering from a one-week low the day before, as the level of oil prices bolstered the medium-term outlook for the currency and ahead of domestic jobs data on Friday. The Canadian dollar was trading 0.4% higher at 1.2560 to the greenback, or 79.62 U.S. cents. On Wednesday, it touched its weakest intraday level since March 31 at 1.2634. Immediate resistance can be seen at 1.2612 (50DMA), an upside break can trigger rise towards 1.2712 (38.2%fib).On the downside, immediate support is seen at 1.2553 (23.6%fib ), a break below could take the pair towards 1.2427(Lower BB)
USD/JPY: The dollar declined against the Japanese yen on Thursday after data showed a surprise rise in U.S. weekly jobless claims. While the increase likely understates rapidly improving labor market conditions as more parts of the U.S. economy reopen and fiscal stimulus kicks in, it was bad enough to knock down the greenback. The dollar index measuring the greenback against a basket of six currencies was 0.35% lower at 92.091, its lowest since March 23.Strong resistance can be seen at 109.90(38.2%fib), an upside break can trigger rise towards 110.55 (April 6thHigh).On the downside, immediate support is seen at 108.93(50%fib), a break below could take the pair towards 107.87(61.8%fib).
European stocks hit record highs on Thursday as optimism grew around a global stimulus-fuelled economic rebound after the U.S. Federal Reserve signalled it was in no hurry to tighten its monetary policy.
The UK's benchmark FTSE 100 closed up by 0.83 percent, Germany's Dax ended up by 0.17 percent, and France’s CAC finished the day up by 0.57 percent.
The S&P 500 hit a record high on Thursday, as Treasury yields fell following softer-than-anticipated labor market data and helped lift technology and other growth stocks.
Dow Jones closed up at 0.17 percent, S&P 500 ended up 0.42 percent, Nasdaq finished the day up by 1.03 percent.
U.S. Treasury yields fell on Thursday, pressured by fresh dovish comments from Federal Reserve Chair Jerome Powell and weaker-than-expected initial jobless claims that highlighted the economy’s bumpy recovery from the pandemic.
The U.S. 10-year Treasury yield was down at 1.633% from 1.654% on Wednesday.U.S. 30-year yields fell to 2.323% from Wednesday’s 2.336%.
Gold prices climbed to their highest level in more than a month on Thursday as the dollar and U.S. yields dropped and the Federal Reserve's reiteration of its dovish policy stance also lifted bullion's appeal.
Spot gold rose 1.11% to $1,756.56 per ounce by 1:43 p.m. EDT (1743 GMT), having earlier hit its highest since March 1 at $1,758.45. U.S. gold futures settled up about 1% at $1,758.2.
Oil prices were little changed on Thursday as a falling dollar and rising stock markets offset earlier declines caused by a big increase in U.S. gasoline stockpiles and subdued demand compared with pre-pandemic levels.
Brent futures remained unchanged at $63.16 a barrel by 2:00 p.m. EDT (1800 GMT), while U.S. West Texas Intermediate (WTI) crude fell 27 cents, or 0.5%, to $59.50.