America’s Roundup: Dollar climbs as risk appetite fades, Gold falls from 2-mth high, Oil rises on U.S. and European demand growth optimism-May 5th,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: Euro breaks to nine-week peak, European shares edge higher,Gold retreats , Oil prices rise, bullish demand outlook offsets India concerns-April 29th,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 gains against dollar as Euro zone retail sales beat expectations, European stocks gain, Oil prices slip despite big U.S. inventory fall-May 6th,2021
Europe Roundup: Sterling holds recent gains against dollar, European stocks inched higher, Gold hits 3 month high, Oil prices stable as recovery confidence holds up-May 17th, 2021
Europe Roundup: Euro gains against dollar ahead of U.S. jobs data, European stocks hit a record high , Gold gains,Oil prices set for weekly gain despite India virus surge-May 7th,2021
America’s Roundup: Dollar index trades weak close to over 2-month low, Wall Street closes lower, Gold hovers near 3-month peak, Oil gains after cyberattack powers closure of critical U.S. pipelines-May 11th,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: Dollar rises U.S. inflation data ,Wall Street skids on inflation fears, Gold dips, Oil rises to 8-wk high on demand hopes, U.S. export decline-May 13th,2021
America’s Roundup: unnerve,Wall Street ends lower, Gold hits 3-month high, Oil climbs 1% on economic recovery hopes despite fresh Asian restrictions-May 18th,2021
America’s Roundup: Dollar heads for longest weekly losing streak since July ,Wall street ends lower,Gold prices dips, Oil prices slips as India's demand fears weigh-May 1st,2021
Europe Roundup: Sterling set for second week of gains versus dollar, European stocks rebound, Gold rises, Oil prices rise but India coronavirus cases weigh-May 14th,2021
Europe Roundup:Euro climbs on upbeat German investor sentiment,European shares dips, Gold flat, Oil dips as pipeline outage fears ease, India weighs-May 11th,2021
Europe Roundup: Sterling dips ahead of BoE meeting, Scottish elections, European shares dips ,Gold retreats from 2-month high, Oil rises on U.S., Europe demand growth optimism-4th May,2021
America’s Roundup: Dollar hits fresh 2-1/2 month low, Wall Street drops, Gold little changed, Oil prices rise on nagging fears of fuel shortages-May 12th,2021
America’s Roundup: Dollar gains as improving U.S. outlook lifts greenback, Wall Street falls, Gold slips, Oil falls 1% as traffic in Suez Canal resumes-March 30th,2021
• French 6-Month BTF Auction -0.627%, -0.620% previous
• French 3-Month BTF Auction -0.629% ,-0.619% previous
• French 12-Month BTF Auction -0.630%,-0.625% previous
• US March Dallas Fed Mfg Business Index 28.9 ,17.2 previous
• US March 3-Month Bill Auction0.020%, 0.015% previous
• US March 6-Month Bill Auction 0.040%, 0.040% previous
Looking Ahead Economic Data(GMT)
•21:45 New Zealand Feb Building Consents (MoM) 2.1%previous
•23:30 Japan Feb Unemployment Rate 3.0% forecast ,2.9% previous
•23:30 Feb Jobs/applications ratio 1.10 forecast , 1.10 previous
•23:30 Feb Retail Sales (YoY) -2.8% forecast , -2.4% previous
EUR/USD: The euro declined against dollar on Monday as U.S. economic strength and a vaccine rollout proceeding much more quickly than in Europe drew investors into the greenback. The euro sat at $1.1788, not far above last week's four-and-a-half-month trough of $1.1755 and well below its 200-day moving average of about $1.1866.The common currency is heading for its worst month since mid-2019 as Europe's faltering vaccination programme runs into a wave of new infections, a bearish signal as positioning data shows investors remain heavily long euros. Immediate resistance can be seen at 1.1800 (5 DMA), an upside break can trigger rise towards 1.855 (9 DMA).On the downside, immediate support is seen at 1.1755(Daily low), a break below could take the pair towards 1.1700 (Psychological level).
GBP/USD: Sterling steadied near $1.38 against the dollar on Monday as a decline in concerns about Britain’s COVID-19 vaccine supply from the European Union helped turn around some of the currency’s recent losses. The EU last week stopped short of imposing a ban on vaccine exports, a proposal that had caused concern in Britain, which relies on imports of COVID-19 inoculations for its rapid vaccination programme, which has benefited the pound. Expectations that Britain’s economy will reopen quickly after its rapid vaccine rollout lifted sterling to $1.42 in February, at the time making it the best performing G10 currency. Immediate resistance can be seen at 1.3845 (38.2%fib), an upside break can trigger rise towards 1.3965 (23.6%fib).On the downside, immediate support is seen at 1.3755(50%fib), a break below could take the pair towards 1.3664 (61.8%fib).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Monday as the default of a U.S. hedge fund weighed on investor sentiment, offsetting higher oil prices. Oil, one of Canada's major exports, rose on expectations the OPEC+ group of leading producers will keep output unchanged inMay, and worries that operations in the Suez Canal might take weeks to return to normal even though a ship blocking it has been partly refloated. U.S. crude prices were up 0.3% at $61.12 a barrel,while the Canadian dollar was trading 0.1% lower at 1.2592 to the greenback, or 79.42 U.S. cents. Immediate resistance can be seen at 1.2627(Daily high), an upside break can trigger rise towards 1.2721 (38.2%fib).On the downside, immediate support is seen at 1.2559 (23.6% fib), a break below could take the pair towards 1.2535(9DMA).
USD/JPY: The dollar gained against the Japanese yen on Monday as renewed optimism about the pace of economic growth in the United States were offset by worries over rising coronavirus infections in Europe, putting demand for. The greenback was up against most currencies in early trade as cautious investors favoured safe haven assets. As U.S. economy gains strength amid a rapid vaccine rollout in the world's largest economy, a rise in COVID-19 infections in Europe has led to a fall in risk demand. Strong resistance can be seen at 109.82 (Daily high), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 109.18 (5 DMA), a break below could take the pair towards 108.87 (38.2%fib).
European stocks edged closer to a record high on Monday on optimism over a global economic recovery, while Credit Suisse tumbled following a warning of “significant” losses from exiting positions after a U.S.-based hedge fund defaulted on margin calls.
UK's benchmark FTSE 100 closed down by 0.07 percent, Germany's Dax ended up by 0.47 percent, France’s CAC finished the day up by 0.45 percent.
Wall Street’s main indexes fell on Monday after a surge in the previous session, as global banks said they faced potential losses of billion of dollars from a hedge fund’s default on margin calls.
At (GMT 18:33) Dow Jones was last up by 0.17% percent, S&P 500 closed down by 0.22 % percent, Nasdaq settled down by 0.77% percent.
Longer-dated Treasury yields rose on Monday morning, steepening the yield curve, on investor expectations that U.S. President Joe Biden’s infrastructure initiative - to be announced Wednesday - could mean faster economic growth and a dramatic increase in Treasury bond issuance.
The benchmark 10-year yield, which moves in step with economic expectations, rose to a session high of 1.697% in mid-morning New York trade and was last up 3.6 basis points on the day at 1.696%.
Gold prices fell on Monday as the U.S. dollar and global share markets firmed on the back of improving economic outlook, with elevated bond yields putting further pessure on the metal.
Spot gold fell 0.3% to $1,726.35 per ounce by 0651 GMT. U.S. gold futures slipped 0.4% to $1,724.80 per ounce.
Oil fell 1% on Monday, after a container ship that has blocked the Suez Canal for nearly a week was refloated and traffic in the waterway resumed.
Brent oil dropped 65 cents, or 1%, to $63.92 a barrel by 11:17 a.m. EDT (1517 GMT). U.S. crude fell 57 cents, or 0.9%, to $60.40 a barrel.