America’s Roundup: Dollar steady after jobs miss as investors bet taper is on track, Wall Street ends lower, Gold pares gains, Oil rises as the energy crunch shows no signs of slowing down-October 9th,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 edges lower against dollar, European stocks edge higher, Gold firms, Oil prices extend gains to multi-year highs on tight supply-October 25th,2021
America’s Roundup: Dollar dips in choppy trading, Wall Street rises, Gold rises to one-month high, Oil prices rise, as Saudis dismiss supply concerns as demand grows-October 15th,2021
America’s Roundup: Dollar firms ahead of U.S. jobs data, Wall Street ends sharply higher ,Gold edges down, Oil hits multi-year highs as OPEC+ sticks to output plan-October 6th ,2021
Europe Roundup: Sterling holds above $1.36 after UK GDP data, European stocks gain, Gold gains, Oil falls on concerns of faltering economic growth to hit demand-October 13th, 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
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
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
Europe Roundup: Euro falls as stronger U.S. bond yields, dollar weighs, European stocks fall, Gold dips, Oil prices climb as COVID recovery, power generators stoke demand-October 18th, 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
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
America’s Roundup: Dollar dips as bonds stabilize, Wall Street ends higher, Gold pares gains, Oil remains near multi-year highs as energy crunch persists-October 20th,2021
America’s Roundup: Dollar eases from one-year high after US inflation data, Wall Street ends higher, Gold jumps 2% ,Oil eases on profit taking, demand jitters; stays near highest in years-October 14th,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 gains as energy price surge drives inflation worries , Wall Street rises, Gold firms ,Oil retreats from multi-year highs after U.S. stock build-October 7th,2021
America’s Roundup: Dollar gains as U.S. yields rise before ECB meeting, Wall Street falls, Gold retreats, Oil slides on demand concerns-September 8th,2021
•US Aug CB Employment Trends Index 110.37, 109.80 previous
•US 6-Month Bill Auction 0.050%, 0.055% previous
•US 52-Week Bill Auction 0.075%, 0.080% previous
•New Zealand GlobalDairyTrade Price Index 4.0%, 0.3% previous
Looking Ahead –Economic Data (GMT)
•01:30 Australia Aug NAB Business Confidence -8 previous
•05:00 Japan Aug Economy Watchers Current Index 48.4 previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The dipped against dollar on Tuesday as investors awaited a European Central Bank meeting and U.S. data to gauge the policy outlook. The ECB is seen debating a cut in stimulus with analysts expecting purchases under the ECB’s Pandemic Emergency Purchase Programme (PEPP) falling possibly as low as 60 billion euros a month from the current 80 billion. The euro changed hands at $1.1841, a tad below Friday's one-month peak of $1.1909.Immediate resistance can be seen at 1.1886 (Daily high), an upside break can trigger rise towards 1.1908(23.6%fib).On the downside, immediate support is seen at 1.1860(38.2%fib), a break below could take the pair towards 1.1833 (50%fib)
GBP/USD: The pound dipped for a second consecutive day against a broadly stronger dollar on Tuesday, with most of the losses coming after the British government set out a plan to raise taxes. Prime Minister Boris Johnson unveiled plans to raise taxes on workers, employers and some investors to try to fix the health and social care system, angering some in his governing party by breaking an election promise. Sterling, already trading lower on the day, dropped as much as 0.5% against the dollar to $1.3768. By 1452 GMT, it traded down 0.4% at $1.3782.Immediate resistance can be seen at 1.3824(38.2%fib),an upside break can trigger rise towards 1.3884 (23.6%fib).On the downside, immediate support is seen at 1.3772(50%fib), a break below could take the pair towards 1.3723 (61.8%fib).
USD/CAD: The Canadian dollar on Tuesday weakened against its U.S. counterpart as oil prices fell and investors weighed prospects of the Bank of Canada turning more dovish at an interest rate decision this week. The Bank of Canada is expected to keep interest rates on hold at a record low of 0.25% on Wednesday and to wait until October before cutting its bond purchases further. The loonie was trading 0.9% lower at 1.2647 to the greenback, the biggest decline among G10 currencies. The loonie touched its weakest intraday level since Aug. 31 at 1.2652. .Immediate resistance can be seen at 1.2667 (38.2%fib), an upside break can trigger rise towards 1.2740(50%fib).On the downside, immediate support is seen at 1.2573 (23.6%fib), a break below could take the pair towards 1.2515 (Daily low).
USD/JPY: The dollar strengthened against yen on Tuesday as softer Treasury yields and upbeat Chinese economic data boosted sentiment. While trading ranges remained narrow thanks to a U.S. holiday, broader sentiment was unmistakably upbeat as traders bet weak U.S. data would keep the Federal Reserve from unwinding its tapering plans. Against a basket of its rivals, the dollar steadied at 92.23 and within striking distance of an early August low of 91.941 hit on Friday. Strong resistance can be seen at 110.06(38.2%fib), an upside break can trigger rise towards 110.42(23.6%fib).On the downside, immediate support is seen at 109.78(50%fib), a break below could take the pair towards 109.45(61.8%fib).
European stocks ended lower on Tuesday as caution kicked in ahead of a European Central Bank meeting later this week, while focus turned to a flurry of telecom deals led by Deutsche Telekom.
UK's benchmark FTSE 100 closed down by 0.53 percent, Germany's Dax ended down by 0.56 percent, France’s CAC finished the day down by 0.26 percent.
The S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy.
Dow Jones closed down by 0.76% percent, S&P 500 closed down by 0.34% percent, Nasdaq settled up by 0.07% percent.
U.S. government bond yields rose for a second straight day on Tuesday, building on Friday's climb in the wake of the government's jobs report and ahead of this week's host of scheduled Treasury auctions.
The yield on 10-year Treasury notes was up 4.8 basis points at 1.370% after touching 1.385% shortly after the three-month and six-month auctions.
Gold retreated over 1.5% on Tuesday and is on course for its biggest intraday drop in a month, as a buoyant dollar and higher yields took the shine off the metal.
Spot gold dropped 1.6% to $1,794.57 per ounce by 1:45 pm EDT (1745 GMT), and was set for its worst day since Aug. 9.U.S. gold futures settled 1.9% lower at $1,798.5 an ounce.
Oil prices fell on Tuesday, pressured by a strong U.S. dollar and concerns about weak demand in the United States and Asia, although ongoing production outages on the U.S. Gulf Coast capped losses.
U.S. West Texas Intermediate crude settled down 94 cents or 1.4% from Friday's close at $68.35 a barrel, and touched a session low of $67.64.
Brent crude futures settled down 53 cents, or 0.7%, a $71.69 a barrel, after falling 39 cents on Monday.