Europe Roundup: Sterling edges lower against dollar, European stocks edge higher, Gold firms, Oil prices extend gains to multi-year highs on tight supply-October 25th,2021
Europe Roundup: Euro gains as dollar pauses rally, European shares rise, Gold near one-month peak, Oil prices climb on upgrade to IEA demand forecast-October 14th,2021
America’s Roundup: Dollar near one-year high,Wall Street surges, Gold dips, Oil eases as U.S. mulls strategic reserve sales-October 8th,2021
America’s Roundup: Dollar hits one-year high as U.S. yields rise, Wall Street closes lower ,Gold gains, Oil steadies as energy crisis increases volatility-October 13th,2021
Europe Roundup: Sterling edges higher after UK jobs data leaves rate bets intact, European shares dips, Gold firms, Oil nears three-year high on energy crunch fears-October 12th,2021
Europe Roundup: Sterling dips as risk currencies' rally pauses, European stocks dips,Gold holds firm ,Oil hits multi-year high above $86, then pulls back-October 21st,2021
America’s Roundup: Dollar rebounds after improving jobs, housing data, Wall Street gains, Gold edges down, Oil dives, forecast of mild U.S. winter spurs retreat from multi-year highs-October 22nd,2021
America’s Roundup, Dollar slips against key rivals, Wall Street ends lower,Gold hits over 1-week peak, Oil settles above $81 with OPEC+ sticking to output increase-October 5th,2021
America’s Roundup: Dollar dips as riskier currencies gain, Wall Street ends higher, Gold gains, Oil rallies as U.S. crude stocks decline in tight market-October 21st,2021
America’s Roundup: Dollar dips as rate hike bets fade, Wall Street dips, Gold trims gains, Oil hovers below recent highs, ends week up-October 23rd,2021
Europe Roundup: Euro little changed ahead of ECB meeting, European stocks gain, Gold dips, Oil drops ahead of stocks data, Iran talks-October 26th,2021
Europe Roundup: Sterling dips after retail sales miss forecasts, European shares rises,Gold gains, Oil stays near $85 a barrel, Brent set for seventh weekly gain-October 22nd,2021
Europe Roundup: Euro dips on dollar advance as traders wait for U.S. jobs data, European shares gains, Gold dips ,Oil holds near 3-year highs after OPEC+ keep tight control of taps-October 5th,2021
Europe Roundup: Euro eases on firm dollar as Fed seen sticking to taper plans European stocks slip,Gold eases, Oil jumps to multi-year highs on global energy crunch-11th October,2021
Europe Roundup: Sterling falls against dollar, European stocks skid, Gold eases, Oil hits multi-year high on OPEC+ restraint amid global energy crunch-October 6th,2021
America’s Roundup: Dollar vaults to nearly 3-year high vs yen, Wall Street ends lower, Gold slips, Oil settles up 1.5%; hits multi-year highs on surging demand-October 12th,2021
America’s Roundup: Dollar gains after hitting near two-week low, Wall Street ends mixed, Gold dips, Oil settles up as U.S. producers, refiners assess storm damage-August 31st,2021
•Canada Current Account (Q2) 3.6B,3.4B forecast, 1.2B previous
French 6-Month BTF Auction -0.665%,-0.691% previous
•French 12-Month BTF Auction -0.653%,-0.651% previous
•US Jul Pending Home Sales Index 110.7,112.8 previous
•US Jul Pending Home Sales (MoM) -1.8%,0.4% forecast, -1.9% previous
•US Aug Dallas Fed Mfg Business Index 9.0, 27.3 previous
Looking Ahead –Economic Data (GMT)
•01:00 Chinese Aug Composite PMI 52.4 previous
•01:00 Chinese Aug Manufacturing PMI 50.2 forecast, 50.4 previous
•01:00 Chinese Aug Non-Manufacturing PMI 53.3 previous
•New Zealand Aug ANZ Business Confidence -3.8 previous
•01:30 Australia Jul Private Sector Credit (MoM) 0.9% previous
•01:30 Australia Jul Private Sector Credit (MoM) 0.9% previous
•01:30 Australia Jul Net Exports Contribution -1.0%forecast, -0.6% previous
•01:30 Australia Current Account (Q2) 21.0B forecast, 18.3B previous
•01:30 Australia Jul Building Approvals (MoM) -5.0% forecast, -6.7% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro strengthened against dollar on Monday as expectations that continued central bank support would sustain an economic recovery supported euro. The European Central Bank expects the more contagious variant to have a limited impact on the euro zone economy due to an advanced vaccination campaign. On the data front, Germany’s annual consumer price inflation accelerated to a fresh 13-year high in August, data showed on Monday, underlining growing price pressures as Europe's largest economy recovers from the pandemic and companies struggle with supply shortages. The euro was up 0.06% to $1.1799 after hitting its highest in more than three weeks at 1.181.Immediate resistance can be seen at 1.1802(38.2%fib), an upside break can trigger rise towards 1.1844(23.6%fib).On the downside, immediate support is seen at 1.1779 (30DMA), a break below could take the pair towards 1.1768 (50%fib)
GBP/USD: Sterling was little changed on Monday as investors were on sidelines on lacking direction as investors weighed up COVID-19 data. Risk appetite was mixed, with riskier currencies such as the British pound little changed at the start of the week, but any gains limited by concerns about the Delta variant.At 22:13 GMT, the pound was higher 0.1% against a slightly stronger dollar at $1.3758.Immediate resistance can be seen at 1.3771(38.2%fib),an upside break can trigger rise towards 1.3800 (30DMA).On the downside, immediate support is seen at 1.3742(5DMA), a break below could take the pair towards 1.3684(23.6%fib).
USD/CAD: The Canadian dollar rose to a near two-week high against the greenback on Monday as investors cheered the Federal Reserve's patience on reducing asset purchases and data showed a widening of Canada's current account surplus in the second quarter. Canada's current account surplus widened to C$3.6 billion in the second quarter from a revised C$1.8 billion surplus in the first quarter. A positive trade balance tends to raise demand for a country's currency in the foreign exchange market. The loonie was trading 0.2% higher at 1.2603 to the greenback. It touched its strongest intraday level since Aug. 17 at 1.2573. Immediate resistance can be seen at 1.2668 (38.2%fib), an upside break can trigger rise towards 1.2762 (Higher BB).On the downside, immediate support is seen at 1.2571 (50%fib), a break below could take the pair towards 1.2450 (61.8%fib).
USD/JPY: The dollar edged higher against yen on Monday as the greenback attempted to recover from Friday's drop on comments from U.S. Federal Reserve Chair Jerome Powell that were interpreted as dovish.The dollar had one of its biggest daily percentage declines of the month on Friday after Powell said tapering could begin this year, but the central bank was in no hurry to raise interest rates. The dollar index hit a two-week low at 92.595 before firming slightly, and was last up 0.001% at 92.671.For the month the dollar index has gained about 0.7%.Strong resistance can be seen at 109.92(38.2%fib), an upside break can trigger rise towards 110.28(23.6%fib).On the downside, immediate support is seen at 109.69(50%fib), a break below could take the pair towards 109.30(61.8%fib).
European stocks ended flat on Monday as a British holiday made for languid trade, but were set for strong monthly gains on expectations that continued central bank support would sustain an economic recovery.
UK's benchmark FTSE 100 closed up by 0.32 percent, Germany's Dax ended up by 0.22 percent, France’s CAC finished the day up by 0.08 percent.
The S&P 500 and Nasdaq hit record highs on Monday as technology stocks jumped after the Federal Reserve's dovish comments eased fears of a sudden tapering in monetary stimulus and boosted optimism around an economic recovery.
Dow Jones closed down by 0.17% percent, S&P 500 closed down by 0.43 % percent, Nasdaq settled up by 0.90% percent.
U.S. Treasury yields fell on Monday as the market looked ahead to the release later this week of the August employment report and the possibility it could factor into the timing of the Federal Reserve's tapering announcement.
The benchmark 10-year yield was last down 2.9 basis points at 1.2835%.
Gold prices slipped, after touching a near a four-week high earlier on Monday, as the dollar ticked up from its lows and investors showed caution in the run-up to the release of a key U.S. jobs report later in the week.
Spot gold fell 0.4% to $1,808.67 per ounce by 1:33 p.m. EDT (1733 GMT) after touching its highest level since Aug. 4. U.S. gold futures settled down 0.4% at $1,812.2.
Oil rose on Monday, lifted as U.S. Gulf Coast platforms, refineries and pipelines grappled with uncertainty on restart timelines after Hurricane Ida wreaked havoc on the region.
Global benchmark Brent settled at $73.41 a barrel, up 71 cents or 0.98%. Brent touched a session high of $73.69, the highest since Aug. 2. U.S. crude futures rose 47 cents, or 0.68% to $69.21 a barrel.