America’s Roundup: Dollar broadly gains ahead of U.S. inflation data, Wall Street ends mixed,Gold falls, Oil rises as Iranian supply not seen returning soon-June 9th,2021
America’s Roundup: Dollar gains after data shows US economy gaining momentum, Wall Street edges up, Gold holds steady, Oil prices gain 1%, boosted by U.S. economic data-May 28th,2021
America’s Roundup: Dollar little changed as traders seek direction from data, Wall Street gains, Gold gains modestly, Oil hits over 1-year high-June 3rd,2021-June 3rd,2021
Europe Roundup: Euro eases against dollar after German ZEW economic sentiment weakens in June, European rises to new high, Gold slips, Oil prices fall, but the outlook remains optimistic-June 8th,2021
Europe Roundup: Sterling falls to one month low versus dollar ,European stocks inches lower, Gold little changed, Oil prices rebound after knock from U.S. driving season data-June 10th,2021
America’s Roundup: Dollar gives up gains as markets digest economic data, Wall Street rises, Gold retakes $1,900 level, Oil gains as demand outlook counters supply fears-May 29th,2021
Europe Roundup: Sterling edges lower against dollar after UK GDP data fails to impress, European stocks extend gains, Gold eases, Oil rises to fresh multi-year highs on demand recovery-June 11th,2021
Europe Roundup: Euro dips as dollar firms ahead of U.S. jobs data, European stocks slip, Gold falls, Oil steady after sharp rise on improved demand picture-June 3rd,2021
America’s Roundup: Dollar edges lower as investors wait for a catalyst, Wall Street ends mixed, Gold gains, Oil falls on profit taking after hitting 2-year high-June 8th,2021
America’s Roundup: Dollar gains as currency investors seek aggressive central banks, Wall Street little changed, Gold slips, Oil hits multi-year highs-June 12th,2021
America’s Roundup: Dollar edges up on manufacturing data,Wall Street edges up, Gold steadies near 5-month peak, Oil settles up after hitting 15-month highs on demand prospects-June 2nd,2021
Europe Roundup: Sterling rebounds from 10-day low against greenback, European shares hover below highs, Gold steadies below $1,900, Oil prices fall on fears that Iran may resume supply-May 27th,2021
America’s Roundup: Dollar index hits three-week top in wake of robust U.S. data, US Stocks ends lower, Gold slides over 2%, Oil steady after mixed U.S. crude inventory report-June 4th,2021
America’s Roundup: Dollar rise as Fed officials downplay inflation concerns, Wall Street ends lower, Gold eases, Oil settles higher on stronger demand outlook as U.S inventories fall-May 27th,2021
America’s Roundup: Dollar rises on US inflation data as traders await Fed meeting outcome, Wall Street slips,Gold dips, Oil climbs nearly 2%-June 16th,2021
Europe Roundup: Euro dips against dollar ahead of U.S. payrolls data, European stocks inch higher, Gold hits 2-week low, Oil rises towards $72 on demand prospects-June 4th,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
•US April Services PMI 63.1 ,61.9 forecast, 60.4 previous
•US April Markit Composite PMI 62.2 ,59.7 previous
•US April Manufacturing PMI 60.6 ,60.5 forecast, 59.1 previous
•US New Mar Home Sales 1,021K ,886K forecast, 775K previous
•US Mar New Home Sales (MoM) 20.7%, 12.0% forecast, -18.2% previous
•U.S. Baker Hughes Total Rig Count 343, 432 previous
Looking Ahead - Economic Data (GMT)
• No significant data ahead
Looking Ahead - Economic events and other releases (GMT)
•No significant events ahead
EUR/USD: The euro rose on Friday, edging back towards a seven-week high, having nursed losses after European Central Bank President Christine Lagarde squashed speculation that policymakers will start to consider a tapering of bond purchases.Flash purchasing managers' index numbers for April came in better than expected in the euro zone and supported the view that the region's economic recovery is accelerating. The euro climbed 0.7% to $1.2098, pushing through its earlier high for the week. Immediate resistance can be seen at 1.2107(23.6%fib), an upside break can trigger rise towards 1.2124 (Higher BB).On the downside, immediate support is seen at 1.2045(5DMA), a break below could take the pair towards 1.2012 (38.2%fib).
GBP/USD: Sterling rebounded on Friday from a sharp fall on Thursday after strong retail sales data and business surveys showed Britain’s economy might already be recovering from its worst annual contraction in 300 years.British retail sales rocketed last month as consumers prepared for a partial lifting of coronavirus lockdown restrictions. After having erased its gains this week on Thursday, the pound was once again set for a weekly gain on Friday, trading 0.3% higher on the day at $1.3878 by 1055 GMT.. Immediate resistance can be seen at 1.3908 (5DMA), an upside break can trigger rise towards 1.3931 (23.6%fib ).On the downside, immediate support is seen at 1.3821 (38.2%fib), a break below could take the pair towards 1.3735 (38.2%fib ).
USD/CAD The Canadian dollar strengthened against its U.S. counterpart on Friday, notching its fourth straight week of gains as the greenback broadly fell and after the Bank of Canada's hawkish shift supported the currency's yield advantage. The Canadian dollar was trading 0.2% higher at 1.2475 to the greenback . It was also up 0.2% for the week, adding to slender gains in the prior three weeks. On Wednesday, the loonie touched its strongest level in one month at 1.2455 after the BoC signaled it could start hiking interest rates next year and cut the pace of bond purchases. Immediate resistance can be seen at 1.2527 (9DMA), an upside break can trigger rise towards 1.2617(38.2%fib).On the downside, immediate support is seen at 1.2450 (23.6%fib), a break below could take the pair towards 1.2359(18th March low).
USD/JPY: The dollar declined against the Japanese yen on Friday as concerns about a global rise in COVID-19 cases prompted moves towards safer assets. Data on manufacturing and services activity from the United States are due later on Friday, which could support positive economic sentiment, but the dollar is unlikely to move much as investors stick to the sidelines before next the Fed's meeting. The dollar stood at 107.90 yen, close to a seven-week low. Strong resistance can be seen at 107.99 (38.2%fib), an upside break can trigger rise towards 108.56 (38.2%fib).On the downside, immediate support is seen at 107.29(23.6%fib), a break below could take the pair towards 107.00(Psychological level).
European stocks marked their first weekly loss in eight on Friday as a surge in global coronavirus cases offset optimism about a strong earnings season, while Madrid-based Allfunds jumped on its Amsterdam market debut.
UK's benchmark FTSE 100 closed up by 0.00 percent, Germany's Dax ended down by 0.27 percent, France’s CAC finished the day down by 0.15 percent.
The S&P 500 and the Nasdaq indexes edged higher on Friday after a rise in factory activity in April supported bets of swifter economic recovery, while a fall in shares of American Express and Honeywell kept the blue-chip Dow under check.
Dow Jones closed up by 0.67% percent, S&P 500 closed up by 1.09% percent, Nasdaq settled upby 1.44% percent.
Traders left U.S. Treasury yields in a narrow range on Friday as they weighed the political prospects of a new tax plan from President Joe Biden and the direction of Federal Reserve policy.
The benchmark 10-year yield was up 1.1 basis point at 1.5666% in afternoon trading, within the 1.528% to 1.646% range it has held since April 15.
Gold edged higher on Friday and was on track to register a third straight weekly gain supported by a weaker dollar and lower U.S. Treasury yields, while investors awaited a U.S. Federal Reserve policy meeting next week.
Spot gold rose 0.4% to $1,790.65 per ounce by 1156 GMT, having jumped to its highest since Feb. 25 at $1,797.67 on Thursday, and has gained 0.8% so far this week.
Oil settled higher on Friday, supported by bullish economic data from U.S. and Europe, though a rise in coronavirus cases in India was still pressuring prices.
Brent crude settled up 43 cents, 0.7%, to $65.83 a barrel. U.S. West Texas Intermediate (WTI) U.S. crude gained 63 cents, or 1.1%, to $66.11 a barrel.