Europe Roundup: Sterling weakens against resurgent dollar, European stocks slide, Gold sinks to 9-month low, Oil hits almost 14-month high after OPEC+ extends output cuts-March 5th,2021
Europe Roundup: Sterling rises past $1.42 against greenback, European shares rise, Gold gains, Oil edges higher as surprise U.S. stock build weighs-February 24th,2021
America’s Roundup: Dollar rises as U.S. jobs growth beats expectations, Wall Street rises, Gold holds near 9-month low, Oil surges after OPEC+ extends cuts, strong U.S. jobs growth-March 6th,2021
Europe Roundup: Sterling steadies ahead of UK budget, European stocks rally, Gold slips, Oil up as OPEC+ considers rollover rather than raising output-March 3rd,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
Europe Roundup: Sterling hits fresh highs vs dollar , European shares fall, Gold scales 1-week high, Oil rises on positive forecasts, slow U.S. output restart-23rd February 2021
America’s Roundup: Dollar gains as U.S. economic picture brightens, Gold slips to two month low, Oil jumps $1/bbl as Texas freeze prompts U.S. output drop-February 18th,2021
America’s Roundup: Dollar firms on sudden spike in U.S. Treasury yields,Wall Street ends sharply lower, Gold slides more than 2%, Oil mixed, U.S. crude hits highest since 2019 as refineries restart-February 26th,2021
Europe Roundup: Sterling hits $1.40 for first time in nearly 3 years, European stocks rise, Gold prices fall,Oil extends losses as Texas prepares to ramp up output-February 19th,2021
America’s Roundup: Dollar stabilizes after Powell remarks, S&P 500 closes higher, Gold slid, Oil settles mixed amid post-storm uncertainty, Oil settles mixed amid post-storm uncertainty-February 24th,2021
America’s Roundup: Dollar hits fresh three-year lows against commodity-linked currencies, Wall Street closes higher ,Gold subdued , Oil rises after data shows slump in U.S. output amid Texas freeze-February 25th,2021
Europe Roundup: Sterling eases to 2-1/2 week low against dollar, Gold prices edge higher, Oil slips on fears over higher OPEC supply, slower China demand-2nd March,2021
America’s Roundup: Dollar hits three-month highs as Fed's Powell sticks to script, Wall Street slumps, Gold falls, Oil scales 1-year peak as OPEC+ rolls over output for April-March 5th,2021
America’s Roundup: Dollar slips in risk-off session, Wall Street slips ,Gold edges up, Oil falls after surging past $65 on Texas freeze-February 29h,2021
Europe Roundup: Euro dips ahead of U.S. retail sales and the U.S. Federal Reserve’s meeting minutes, European shares retreat ,Gold dips, Oil extends rally on Texas supply disruptions-February 17th,2021
Europe Roundup: Sterling steadies around $1.40 -February 17th,2021, European shares dips,Gold off 7-month low, Oil prices rise with storm-hit U.S. output set for slow return-22nd February, 2021
America’s Roundup: Dollar gains on new COVID-19 strain, Wall Street ends mixed, Gold falls, Oil drops as new coronavirus variant revives demand fears-December 23rd,2020
•U.S. housing, consumer confidence data disappoints
•US Congress passes U.S. stimulus bill, awaits Trump approval
•US Core PCE Prices (Q3) 3.40%, 3.50% forecast,-0.80% previous
•US PCE Prices (Q3) 3.7%,3.7%,-1.6% previous
•US Real Consumer Spending (Q3) 41.0%,40.6% previous
•US GDP Sales (Q3) 25.9%,25.6% forecast ,25.5% previous
•US GDP Price Index (QoQ) (Q3) 3.7%, 3.7% forecast , -2.1% previous
•US GDP (QoQ) (Q3) 33.4% ,33.1% forecast,-31.4% previous
•US Corporate Profits (QoQ) (Q3) 27.0%,27.5% forecast,-10.7% previous
•US Redbook (MoM) -0.9%,-2.2% previous
•US Redbook (YoY) 6.5%, 2.5% previous
•US Dec CB Consumer Confidence 88.6 ,97.0 forecast, 96.1 previous
•US Nov Existing Home Sales (MoM) -2.5%, -1.0% forecast, 4.3% previous
•US Nov Existing Home Sales 6.69M, 6.70M forecast, 6.85M previous
Looking Ahead - Economic Data (GMT)
•06:00 Austrralia Nov Private Sector Credit (MoM) 0.0% previous
•06:00 Austrralia Nov Housing Credit 0.3% previous
Looking Ahead - Economic events and other releases (GMT)
•23:50 Japan Monetary Policy Meeting Minutes
EUR/USD: The euro declined against the dollar on Tuesday as the closing of key trade routes, due to the new strain, weighed on the euro. New coronavirus strain in Britain that prompted a lockdown and caused several countries to shut their borders to Britain, clouded the global economic recovery outlook and pushed European currencies lower. The euro fell 0.2% against the dollar to $1.2181. Immediate resistance can be seen at 1.2271 (23.6% fib), an upside break can trigger rise towards 1.2300 (Psychological level).On the downside, immediate support is seen at 1.2233 (5DMA), a break below could take the pair towards 1.2138 (38.2% fib).
GBP/USD: Sterling fell against dollar on Tuesday as Britain remained stuck in COVID-19 isolation due to a new coronavirus strain, although hopes of progress in Brexit talks helped to take some pressure off. EU sources added that the bloc was now willing to accept a reduction in the value of its catch in UK waters of up to 25% over a period of time from 2021.The pound was 0.5% lower against the dollar at $1.3385 by 1800 GMT, after weakening by as much as 2.5% to $1.3190, a 10-day low, on Monday. Immediate resistance can be seen at 1.3414 (38.2%fib), an upside break can trigger rise towards 1.3504(23.6%fib).On the downside, immediate support is seen at 1.3337 (50%fib), a break below could take the pair towards 1.3254 (61.8 %fib).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Tuesday along with lower oil prices, as a new strain of the coronavirus capped optimism of a vaccine-led recovery in the global economy. Oil, one of Canada's major exports, added to losses from the previous session as a new coronavirus strain in the United Kingdom revived concerns over demand recovery. U.S. crude prices were down 1.4% at $47.32 a barrel. The Canadian dollar was trading 0.2% lower at 1.2880 to the greenback. The currency traded in a range of 1.2843 to 1.2888, after hitting a near three-week low on Monday at 1.2955.Immediate resistance can be seen at 1.2954 (38.2%fib), an upside break can trigger rise towards 1.3015 (23.6%fib).On the downside, immediate support is seen at 1.2900 (50%fib), a break below could take the pair towards 1.2846 (61.8 %fib).
USD/JPY: The dollar strengthened against the Japanese yen on Tuesday as greenback was supported by U.S. economic data, and weakening rivals, which were weighed down by Brexit uncertainty. Tuesday’s data was weaker than expected, with U.S. existing home sales falling more than expected in November and the consumer confidence index lower than forecast. The weak U.S reports reinforced the dollar’s rally. The dollar index rose 0.6% to 90.675, as the euro fell 0.7% to $1.2156.The dollar rose 0.4% versus the yen to 103.70 yen. Strong resistance can be seen at 103.67 (50%fib), an upside break can trigger rise towards 103.86(61.8%fib).On the downside, immediate support is seen at 103.47 (38.2%fib), a break below could take the pair towards 103.22(23.6%fib).
European shares posted their best day in six weeks on Tuesday, rebounding from a sharp sell-off as optimism around Brexit and U.S. stimulus helped to allay worries of a further hit to the global economy from a new coronavirus variant in Britain.
UK's benchmark FTSE 100 closed up by 0.57 percent, Germany's Dax ended up by 0.05 percent, France’s CAC finished the day up by 1.35 percent.
US Stocks ended mixed on Tuesday as lingering concerns over a new variant of COVID-19 in the United Kingdom weighed on US equities.
Dow Jones closed down by 0.67% percent, S&P 500 closed down by 0.21% percent, Nasdaq settled up by 0.51% percent.
U.S. Treasury yields fell on Tuesday as investors weighed the likelihood of new lockdowns stemming from a more infectious variant of the coronavirus in the United Kingdom against the impact of U.S. fiscal stimulus.
Benchmark 10-year yields fell to 1-1/2 week lows early on Monday as countries shut off travel ties with the UK. The yields have since fluctuated as investors focus on whether the new variant will be resistant to vaccines.
Gold prices fell on Tuesday as the dollar strengthened on growing worries about a mutant coronavirus strain in the UK, while market response to a long-awaited U.S. economic stimulus package limited bullion's losses.
Spot gold edged 0.2% lower to $1,872.47 per ounce by 1215 GMT, U.S. gold futures fell 0.3% to $1,877.30.
Oil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a mutant variant of the coronavirus in Britain revived concerns over demand recovery.
Brent crude was down 60 cents, or 1.2%, at $50.32 a barrel by 11:58 a.m. EST (1558 GMT), while U.S. West Texas Intermediate (WTI) crude fell 72 cents, or 1.5%, to $47.25