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
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
Europe Roundup: Sterling dips as traders assess inflation impact, European shares gain,Gold dips, Oil holds above $75 as U.S. inventory drop supports-September 16th,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 skids as soft U.S. inflation weighs, Wall Street ends higher, Gold retreats, Oil prices jump over $2/bbl after drawdown in U.S. stocks-September 16th,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
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
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 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
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 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: Euro inches higher against dollar ahead of Powell's speech,European stocks dips,Gold consolidates, Oil rises as storm approaches Gulf of Mexico production hub-August 27th,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: 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
Europe Roundup; Sterling steadies near 5-week highs against dollar, European shares dips,Gold little changed, Oil hits 6-week high as U.S. Gulf braces for another hurricane-September 14th,2021
Europe Roundup: Sterling steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
America’s Roundup: Dollar falls from three-month high as traders unwind risk,Wall Street ends lower, Gold eases, Oil prices rise after big draw in U.S.crude, gasoline stocks-July 9th,2021
• US Continuing Jobless Claims 3,339K,3,335K forecast, 3,469K previous
• US Jobless Claims 4-Week Avg 394.50K, 392.75K previous
• US Initial Jobless Claims 373K,350K forecast, 364K previous
• Russia Central Bank reserves (USD) 590.7B,592.4B previous
• US Gasoline Inventories -6.076M,-2.176M forecast, 1.522M previous
• US Crude Oil Inventories -6.866M, -4.033M, -6.718M previous
Looking Ahead - Economic Data (GMT)
•01:00 New Zealand ANZ Business Confidence -0.6 previous
•01:30 China June CPI (YoY) 1.3% forecast,1.3% previous
•01:30 China June CPI (MoM) -0.1% forecast, -0.2% previous
•01:30 China June PPI (YoY) 8.8% forecast, 9.0% previous
Looking Ahead - Economic events and other releases (GMT)
No significant events
EUR/USD: The euro climbed across the board on Thursday after the European Central Bank set a new inflation target and claimed a role in fighting climate change after a strategy review. The European Central Bank set a new inflation target after an 18-month strategy review, hoping to bolster its credibility after undershooting its current objective for nearly a decade. In the key conclusion of the review, the central bank of the 19 countries that share the euro set its inflation target at 2% in the medium term, ditching a previous formulation of below but close to 2% .The euro climbed 0.4% to $1.1842 against the dollar. Immediate resistance can be seen at 1.1858 (38.2%fib), an upside break can trigger rise towards 1.1919 (50%fib).On the downside, immediate support is seen at 1.1780 (23.6%fib), a break below could take the pair towards 1.1728(Lower BB).
GBP/USD: Sterling declined against dollar on Thursday amid a broader shakeout in FX markets that saw riskier currencies fall and safe havens gain. The pound took a beating along with other risk-correlated currencies such as the Australian and New Zealand dollars that fell in the wake of minutes of the last Federal Reserve meeting that confirmed its policymakers were moving towards tapering the central bank’s asset purchases as soon as this year. Sterling traded 0.3% lower against the dollar on the day at $1.3786. Immediate resistance can be seen at 1.3824 (38.2%fib), an upside break can trigger rise towards 1.3898 (50%fib).On the downside, immediate support is seen at 1.3732(23.6%fib), a break below could take the pair towards 1.3684 (Lower BB).
USD/CAD: The Canadian dollar weakened for a fourth day against its U.S. counterpart on Thursday as the spread of the COVID-19 Delta variant slammed investor sentiment, offsetting higher oil prices. The Canadian jobs report for June, which could offer clues on the Bank of Canada policy outlook, is due on Friday. Some analysts expect the BoC to cut bond purchases again at next week's interest rate announcement. The Canadian dollar was trading 0.4% lower at 1.2525 to the greenback. It touched its weakest intraday level since April 21 at 1.2590. Immediate resistance can be seen at 1.2548 (23.6%fib), an upside break can trigger rise towards 1.2593 (Higher BB).On the downside, immediate support is seen at 1.2496 (38.2%fib), a break below could take the pair towards 1.2466 (5 DMA.
USD/JPY: The dollar declined against the Japanese yen Thursday on as investors unwound bets on risky currencies and as concerns over the spread of COVID variants increased the demand for safe havens.The greenback was weaker against the Japanese yen and the Swiss franc, which are generally low-interest rate, stable markets. The dollar was 0.71% weaker against the yen at 109.80 , with the yen having earlier touched 109.51, its strongest since June 11.Strong resistance can be seen at 109.92(32.6%fib), an upside break can trigger rise towards 110.19(38.2%fib).On the downside, immediate support is seen at 109.65(61.8%fib), a break below could take the pair towards 109.43 (Lower BB).
European stocks sank on Thursday, posting their worst session in two months with all sectors in the red as concerns about the resilience of economic recovery sent investors fleeing to bonds.
UK's benchmark FTSE 100 closed down by 1.68 percent, Germany's Dax ended down by 1.75 percent, France’s CAC finished the day down by 2.01 percent.
Wall Street closed lower on Thursday, retreating from record closing highs in a broad sell-off driven by uncertainties surrounding the pace of the U.S. economic recovery.
Dow Jones closed down at 0.75 percent, S&P 500 closed down at 0.85 percent, Nasdaq settled down at 0.72% percent.
U.S. government bonds yields continued their recent decline on Thursday, with 10-year Treasury yields touching their lowest levels in nearly five months as investors' worries persist that the best part of the economic recovery may be over.
The yield on 10-year Treasury notes was down 3.5 basis points to 1.286% after hitting a low of 1.25%, the lowest since Feb. 16.
Gold eased on Thursday as U.S. Treasury yields edged up from their lows while Wall Street also recouped some losses, but a weaker dollar and concerns over a U.S labor market recovery kept bullion near a three-weak peak.
Spot gold fell 0.2% to $1,799.18 per ounce by 2:12 p.m. EDT (1812 GMT). U.S. gold futures settled 0.1% lower at $1,800.20.
Oil prices rose on Thursday, rebounding from early losses after U.S. government data showed a much bigger drop than expected in crude and gasoline inventories.
Brent crude oil futures rose 69 cents, or 0.9%, to settle at $74.12 a barrel, and U.S. West Texas Intermediate futures rose 74 cents, or 1%, to settle at $72.94 a barrel.