Europe Roundup: Sterling hits one-week low vs dollar, European stocks pause near record high, Gold falls, Oil prices slip despite stronger economic outlook-April 7th,2021
America’s Roundup: Greenback hits 4-week low on retreating US Treasury yields, Wall Street ends higher, Gold gains, Oil dips but posts weekly gain on recovery hopes-April 17th,2021
America’s Roundup: Dollar hits over 1-week trough, Wall Street ends higher, Gold inches lower, Oil down 5% as rising OPEC+, Iranian output weighs-April 6th,2021
Europe Roundup: Euro edges lower after mixed economic data from Germany, European shares flat,Gold slips from one-month high, Oil prices dip on mixed supply and demand outlook-April 9th,2021
America’s Roundup: Dollar slides ahead of U.S. payrolls data, Wall Street gains, Gold rises, Oil rises as OPEC+ decides on production policy-April 2nd, 2021
America’s Roundup: Dollar index jumps to four-month peak, Wall Street dips, Gold slides 2%,Oil falls as Suez Canal reopens, dollar rallies; eyes on OPEC+ meeting-March 31st,2021
America’s Roundup: Dollar drops to three-week lows after inflation data,Wall Street ends mixed, Gold gains, Oil rises 1% after robust China data but J&J vaccine pause weighs-April 14th,2021
Europe Roundup: Sterling edges higher as Britain gets ready for April re-opening ,European stocks flat ,Gold little changed, Oil falls on OPEC+ concerns over slow demand recovery-March 31st,2021
Europe Roundup: Euro edges higher against dollar after Euro zone factory activity jumps, European shares gain, Gold rises, Oil up as OPEC+ meets to decide on production policy-April 1st,2021
America’s Roundup: Dollar edges up as inflation data helps lift Treasury yields, Wall Street gains, Gold slips, Oil falls, ends week about 2% lower on supply increase, new lockdowns-April 10th,2021
America’s Roundup: Dollar falls as U.S. weekly jobless claims rise unexpectedly,Wall Street advances, Gold firms near 1-month peak, Oil flat as weaker dollar offsets surge in U.S. gasoline stocks-April 9th,2021
America’s Roundup: Dollar at three-week lows as Treasury yields subdued, Wall Street ends mixed, Gold falls, Oil climbs nearly 5% on signs of increasing crude demand-April 15th,2021
America’s Roundup: Dollar rises as minutes shows Fed committed to supporting economic recovery, Gold edges lower, Oil up on global economic recovery, but high U.S. gasoline stocks weigh-April 8th,2021
Europe Roundup: Sterling edges up against dollar, European shares gain, Gold firms, Oil near one-month highs as demand outlook improves-April 15th,2021
America’s Roundup: Dollar retreats as profit-taking, Wall Street ends lower, Gold scales over 1-week peak, Oil gains over 1% on strong U.S., China economic data-April 7th,2021
Europe Roundup: Euro dips as dollar, yields advance, European shares gain, Gold slides more than 1%, Oil falls as Suez opens, focus turns to OPEC+ output cuts-March 30th,2021
America’s Roundup: Dollar gains on U.S. stimulus and vaccine hopes, Wall Street gains,Gold rises, Oil down more than 1% on Chinese fuel demand doubts, OPEC supply concerns-March 2nd ,2021
• Canada Feb Manufacturing PMI 54.8,54.4 previous
• US Feb Manufacturing PMI 58.6, 58.5 previous
• US Feb ISM Manufacturing New Orders Index 64.8, 61.1 previous
• US Feb ISM Manufacturing Employment 54.4 ,53.0 forecast, 52.6 previous
• US Feb ISM Manufacturing PMI 60.8, 58.8 forecast, 58.7 previous
• US Feb ISM Manufacturing Prices 86.0,80.0 forecast, 82.1 previous
Looking Ahead - Economic Data (GMT)
• 21:45 New Zealand Terms of Trade - Imports Prices (Q4) -1.0% forecast,-3.7% previous
• 21:45 New Zealand Terms of Trade Index (QoQ) (Q4) 1.3% forecast, -4.7% previous
• 21:45 New Zealand Terms of Trade - Exports Volume (QoQ) (Q4) 0.9% forecast,5.6% previous
•23:30 Japan Jan Unemployment Rate 3.0% forecast, 2.9% previous
•23:30 Japan Jan Jobs/applications ratio 1.06 forecast, 1.06 previous
•23:50 Japan Capital Spending (YoY) (Q4) -10.6% previous
•23:50 Japan Monetary Base (YoY) 18.9% previous
•00:30 Australia Current Account (Q4) 13.1B forecast, 10.0B previous
•00:30 Australia Net Exports Contribution (Q4 )-0.3% forecast,-1.9% previous
•00:30 Australia Jan Private House Approvals 15.8% previous
•00:30 Australia Jan Building Approvals (MoM) -3.0% forecast, 10.9% previous
Looking Ahead - Economic events and other releases (GMT)
•03:30 Australia RBA Rate Statement
•03:30 Australia March RBA Interest Rate Decision
EUR/USD: The euro declined against dollar on Monday as optimism over the economic stimulus and promising updates on COVID-19 vaccines lifted greenback. The U.S. House of Representatives approved President Joe Biden’s $1.9 trillion coronavirus relief bill early on Saturday. Progress on U.S. President Joe Biden's $1.9 trillion economic stimulus plan, now awaiting Senate approval. Immediate resistance can be seen at 1.2089 (5DMA), an upside break can trigger rise towards 1.2117 (21DMA).On the downside, immediate support is seen at 1.2029 (38.2% fib), a break below could take the pair towards 1.1933 (23.6%fib).
GBP/USD: Sterling edged higher against both the euro and the dollar on Monday as a swift coronavirus vaccine roll out supported the pound and fuelled hopes of economic recovery. After retreating from a three-year high on Friday to fall below $1.39 amid a rout in global bond markets and concerns of inflation risks, sterling rose as high as $1.3999 in Asian trading .In early London trading, it was 0.1% higher at $1.3938 by 0933 GMT as investors bet a vaccination programme would help lift the British economy. Immediate resistance can be seen at 1.4015 (5DMA), an upside break can trigger rise towards 1.4182 (Feb 25th HIgh).On the downside, immediate support is seen at 1.3914 (23.6%fib), a break below could take the pair towards 1.3861 (21DMA).
USD/CAD: The Canadian dollar rose against the greenback on Monday as pressure on stocks due to the recent jump in bond yields faded and data showed narrowing in Canada's current account deficit, with the loonie rebounding from a two-week low on Friday.Canada sends about 75% of its exports to the United States, including oil. U.S. crude prices were up 0.9% at $62.03 a barrel, helped by growing factory activity in Europe. The Canadian dollar was trading 0.6% higher at 1.2668 to the greenback, having traded in a range of 1.2665 to 1.2738. Immediate resistance can be seen at 1.2714 (38.2%fib), an upside break can trigger rise towards 1.2806(50%fib).On the downside, immediate support is seen at 1.2641 (Daily low), a break below could take the pair towards 1.2596(23.6%fib).
USD/JPY: The dollar rose against the Japanese yen Monday as investor sentiment improved after reflationary bets sent bond markets for their biggest monthly selloff in years. The rise in bond yields last month, spurred on by U.S. fiscal stimulus hopes and a post-pandemic economic rebound that could fuel inflation, reverberated around the world. The dollar index rose 0.26% to 91.02 after posting its biggest surge since June on Friday. Strong resistance can be seen at 106.74 (Daily high), an upside break can trigger rise towards 106.90 (23.6%fib).On the downside, immediate support is seen at 106.46 (38.2%fib), a break below could take the pair towards 106.15 (50%fib).
European stocks ended higher on Monday after bond markets stabilized from a sharp selloff last week, with travel and leisure stocks leading gains on optimism over COVID-19 vaccination programmes and a large U.S. stimulus package..
UK's benchmark FTSE 100 closed up by 1.62percent, Germany's Dax ended up by 1.64 percent, France’s CAC finished the day up by 1.57 percent.
The S&P 500 on Monday was headed for its best day since June 5 as bond markets calmed after a month-long selloff, while encouraging updates on COVID-19 vaccines and fiscal stimulus bolstered bets over a swift economic recovery.
(At 16:13) Dow Jones was last up by 2.23% percent, S&P 500 was up by 2.60% percent, Nasdaq was up by 3.00% percent.
Benchmark U.S. Treasury yields eased for a second consecutive session on Monday after climbing to a one-year high last week as Federal Reserve officials continued to downplay runaway inflation concerns, but a round of solid economic data curbed the decline.
The yield on the 10-year Treasury note hit a one-year high of 1.614%, sparked by rising expectations of an improving economy, inflation concerns and a weak 7-year auction. Even with the recent pullback, it is still up about 50 basis points on the year.
Gold prices rose on Monday as a retreat in U.S. Treasury yields helped to bolster its status as an inflation hedge after a U.S. stimulus package moved one step closer to becoming law, but a firmer dollar limited bullion’s advance.
Spot gold was up 0.1% at $1,735.90 per ounce by 11:35 a.m. ET (1635 GMT). Gold rose as much as 1.5% to $1,759.53 earlier in the session, staging a strong comeback from a fall of about 3% drop on Friday.
Oil prices fell more than 1% on Monday as fears that Chinese oil crude consumption is slowing and that OPEC may increase global supply following a meeting this week.
Brent crude settled at $63.69 a barrel, falling 73 cents, or 1.1%, and U.S. West Texas Intermediate (WTI) crude settled at $60.64 a barrel, losing 86 cents, or 1.4%.