Europe Roundup:Sterling hits two-week high against dollar, European stocks gain,Gold rises, Oil dips on hurricane impact on U.S. refining, weak China data-August 31st,,2021
Europe Roundup: Sterling on the back foot amid UK recovery worries, Gold edges up, Oil at one-week high as U.S. supply concerns dominate-September 13th,2021
America’s Roundup: Dollar eases ahead US payrolls data, Wall Street ends higher, Gold eases,Oil rises on economic recovery hopes, weaker dollar-September 3rd,2021
Europe Roundup:Euro inches higher in run-up to ECB verdict, European shares dips,Gold rises, Oil prices firm as U.S. output struggles after storm-September 9th,2021
America’s Roundup: U.S. dollar declines after U.S. Fed Chair Powell comments, Wall Street rises, Gold jumps, Oil posts biggest weekly gains in over a year ahead of Hurricane Ida-August 28th,2021
America’s Roundup: Dollar index climbs after U.S. retail sales show surprise rebound ,Wall Street slips, Gold slides, Oil prices steady as U.S. storm threat wanes-September 17th,2021
America’s Roundup: Dollar dips on weak U.S. jobs growth, Wall Street mixed, Gold climbs, Oil slips as COVID variant weighs on U.S. jobs-September 4th,2021
America’s Roundup: U.S. dollar strengthens against rivals as Fed's taper talk gathers pace, Wall Street ends mixed, Gold gains, Oil rises to six-week high as U.S. supply concerns dominate-September 14th,2021
Europe Roundup: Sterling edges up after UK inflation jump, European stocks slip, Gold eases, Oil prices climb after drawdown in U.S. stocks-September 15th,2021
America’s Roundup: Dollar hits three-week high, driven by recent data ,Wall Street slips, Gold edges lower, Oil falls as storm-hit U.S. supply trickles back into market-September 18th,2021
Europe Roundup: Euro near 1-month peak versus dollar , European stocks edge higher, Gold firms, Oil rises on declining inventories and weaker dollar-September 2nd,2021
Europe Roundup: Sterling dips for second day against dollar,European stocks slip, Gold slips, Oil mixed, fears of slower demand weigh on sentiment-September 7th,2021
Europe Roundup: Euro dips ahead of Thursday’s ECB meeting, European stocks gain, Gold steadies, Oil down after deep Saudi price cuts spur demand concerns-September 6th,2021
America’s Roundup: Dollar turns negative on inflation data, Wall street dips,Gold climbs, Oil settles unchanged as latest storm spares U.S. energy sector-September 15th,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,2021
Europe Roundup: Sterling dips against dollar after retail sales data, European shares dips, Gold recoups some losses, Oil holds above $75 as storm-hit U.S. supply returns slowly-September 17th,2021
America’s Roundup: Dollar gains on upbeat U.S. retail sales data, Wall Street falls, Gold slips from one-month peak, Oil drops on rising supply concerns, increase in COVID cases-17th,July 2021
•Canada Housing Starts 282.1K 270.0k forecast, 275.9K previous
•US June Retail Sales (YoY) 17.98% ,28.15% previous
• Canada May Wholesale Sales (MoM) 0.5% ,1.1% forecast, 0.4% previous
• Canada Jun Core Retail Sales (MoM) 1.3%, 0.4% forecast, -0.7% previous
•US Jun Retail Sales (MoM) 0.6% ,-0.4% forecast, -1.3% previous
• Canada May Foreign Securities Purchases 20.79B, 9.95B previous
•US Jun Retail Sales Ex Gas/Autos (MoM) 1.1% ,-0.8% previous
•US Jun Retail Control (MoM) 0.4% forecast, -0.7% previous
• Canada May Foreign Securities Purchases by Canadians 18.63B previous
• US May Business Inventories (MoM) 0.5% ,0.5% forecast, -0.2% previous
• US May Retail Inventories Ex Auto 0.9% ,0.9% previous
• US Jul Michigan Current Conditions 90.2 forecast, 88.6 previous
• US Jul Michigan Consumer Expectations 84.5, 85.0 forecast, 83.5 previous
• US Jul Michigan 5-Year Inflation Expectations 2.90% ,2.80% previous
• US Michigan Jul Consumer Sentiment 80.8, 86.5 forecast, 85.5 previous
Looking Ahead Economic Data (GMT)
•No data ahead
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro declined on Friday as U.S. dollar rose after upbeat retail sales data boosted expectations that economic growth accelerated in the second quarter. U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending was shifting back to services. The dollar index , which measures the greenback against a basket of six currencies, was 0.11% higher at 92.675. The index is up 0.6% for the week. Immediate resistance can be seen at 1.1820 (38.2%fib an upside break can trigger rise towards 1.1864 (20%fib).On the downside, immediate support is seen at 1.1768 (Lower BB), a break below could take the pair towards 1.1750(23.6%fib)
GBP/USD: Sterling slipped on Friday against the dollar, and headed for its worst week in a month, as investors sought safety in the greenback amid concerns over rising COVID-19 cases globally. The pound fell 0.3% against the dollar to $1.3761 , its lowest in a week.Despite briefly breaking into positive territory it was poised for a weekly loss of 0.8%, which if sustained would be its worst since mid-June. Immediate resistance can be seen at 1.3820 (5DMA), an upside break can trigger rise towards 1.3840(38.2%fib).On the downside, immediate support is seen at 1.3750 (23.6%fib), a break below could take the pair towards 1.3701 (Lower BB).
USD/CAD: The Canadian weakened against its U.S. counterpart on Friday as stronger dollar offset better than expected Canadian wholesale trade data. Data showed Canadian wholesale trade increased in May, with the gain backed by sales in the food sector. Wholesale sales increased 0.5% on a seasonally adjusted basis in May to 72.22 billion C$ dollars , Statistics Canada said Friday. The loonie was trading 0.13% lower at 1.2607 to the greenback. The currency traded in a range of 1.2560 to 1.2617 .Immediate resistance can be seen at 1.2617(23.6%fib), an upside break can trigger rise towards 1.2648 (Higher BB).On the downside, immediate support is seen at 1.2540 (23.6% fib), a break below could take the pair towards 1.2531(5DMA).
USD/JPY: The dollar strengthened against the Japanese yen on Friday after upbeat U.S. retail sales data reaffirmed an economy in strong recovery mode. The Commerce Department said retail sales rose 0.6% in June, contrary to an expected decline, adding weight to those who say inflation will run faster than the Federal Reserve forecasts and force interest rates to rise sooner than it projects. At 21:20 GMT, the dollar against the Japanese yen rose 0.32% to 110.02.Strong resistance can be seen at 110.18 (50%fib), an upside break can trigger rise towards 110.35 (Daily high).On the downside, immediate support is seen at 109.72 (23.6%fib), a break below could take the pair towards 109.41 (Lower BB).
European stocks rose on Friday after travel stocks rebounded from sharp losses posted earlier this week, while a batch of upbeat earnings reports overshadowed concerns about rising cases of Delta variant in the continent.
The UK's benchmark FTSE 100 closed down by 0.06 percent, Germany's Dax ended down by 0.57 percent, and France’s CAC finished the day down by 0.51 percent.
Wall Street fell on Friday, weighed down by declines in Amazon and other heavyweights technology stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant.
Dow Jones closed down at 0.86 percent, S&P 500 ended down 0.75percent, Nasdaq finished the day down by 0.80 percent.
U.S. Treasury yields pared most of Friday's gains as doubts about the economic recovery's strength and dovish Federal Reserve policy were seen as likely to cap yields in the near-term, even after U.S. retail sales unexpectedly rose in June.
Benchmark 10-year notes gained half a basis point on the day to 1.302%. The yield curve between two-year and 10-year notes was little changed on the day at 107 basis points.
Gold slipped on Friday as a stronger dollar dulled its appeal and pushed the metal further from one-month highs hit in the previous session.
Spot gold dropped 0.8% to $1,814.11 per ounce by 1:43 pm EDT, though it was up 0.3% so far this week. U.S. gold futures settled 0.8% lower at $1,815.
Oil prices were little changed on Friday and ended the week lower, sapped in volatile trade by expectations of growing supplies just when a rise in coronavirus cases could lead to lockdown restrictions and depressed demand.
Brent futures rose 12 cents, or 0.2%, to settle at $73.59 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 16 cents, or 0.2%, to settle at $71.81.