America’s Roundup: Dollar gives up gains as markets digest economic data, Wall Street rises, Gold retakes $1,900 level, Oil gains as demand outlook counters supply fears-May 29th,2021
Europe Roundup: Euro little changed as market participants focused on Thursday's European Central Bank meeting, European stocks ease, Gold slips, Oil eases on Iran concern-June 7th,2021
America’s Roundup: Dollar dips as traders assess the impact of a surge in U.S. inflation, Gold gains, Oil gains near $70 a barrel as demand outlook improves-June 1st,2021
America’s Roundup: Dollar gains after data shows US economy gaining momentum, Wall Street edges up, Gold holds steady, Oil prices gain 1%, boosted by U.S. economic data-May 28th,2021
Europe Roundup: Sterling dips from 3-year high as new COVID variant fears weighs European shares rise,Gold hits near 5-month high, Brent hits highest since March on demand prospects-June 1st,2021
Europe Roundup: Sterling was largely unmoved against dollar, European shares gain, Gold slides over 1%,Oil gains as demand improves, supplies shrinks-June 14th,2021
Europe Roundup: Sterling dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,2021
America’s Roundup: Dollar rises on US inflation data as traders await Fed meeting outcome, Wall Street slips,Gold dips, Oil climbs nearly 2%-June 16th,2021
Europe Roundup: Sterling edges lower against dollar after UK GDP data fails to impress, European stocks extend gains, Gold eases, Oil rises to fresh multi-year highs on demand recovery-June 11th,2021
Europe Roundup: Euro dips as dollar firms ahead of U.S. jobs data, European stocks slip, Gold falls, Oil steady after sharp rise on improved demand picture-June 3rd,2021
Europe Roundup: Sterling falls to one month low versus dollar ,European stocks inches lower, Gold little changed, Oil prices rebound after knock from U.S. driving season data-June 10th,2021
America’s Roundup: Dollar edges up on manufacturing data,Wall Street edges up, Gold steadies near 5-month peak, Oil settles up after hitting 15-month highs on demand prospects-June 2nd,2021
America’s Roundup: Dollar little changed as traders seek direction from data, Wall Street gains, Gold gains modestly, Oil hits over 1-year high-June 3rd,2021-June 3rd,2021
Europe Roundup: Euro dips as dovish ECB comments weighs, European shares near record high, Oil steady as Iranian supply prospect offsets demand optimism-May 26th,2021
Europe Roundup: Euro gains after German inflation data, European stocks retreat, Gold gains, Oil firms near $70 a barrel on improving demand outlook-May 31st,2021
America’s Roundup: Dollar steadies as investors wait for information on Fed policy, Wall ends mixed, Gold slips, Oil marches to multi-year highs as economies reopen-June 15th,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
•Canada March IPPI (MoM) 34.7% 1.6%,2.6% previous
•Canada Mar RMPI (MoM) 2.3%,6.6% previous
•Canada Mar IPPI (YoY) 10.0%, 7.1% previous
•US Employment Wages (QoQ) (Q1) 1.00%,0.90% previous
•US Employment Benefits (QoQ) (Q1) 0.60%,0.60% previous
•Brazil Mar Debt-to-GDP ratio 61.3%, 61.8% forecast, 61.6% previous
•Canada Feb GDP (MoM) 0.4%, 0.5% forecast, 0.7% previous
•US Mar Real Personal Consumption (MoM) 3.6%,-1.2% previous
•US Mar PCE price index (MoM) 0.5%, 0.2% previous
•US Mar PCE Price index (YoY) 2.3, 1.6 previous
•US Mar Core PCE Price Index (MoM) 0.4%,0.3% forecast,0.1% previous
•US Mar Personal Spending (MoM) 4.2%, 4.1% forecast, -1.0% previous
•US Mar Core PCE Price Index (YoY) 1.8%,1.8% forecast, 1.4% previous
•US Mar Personal Income (MoM) 21.1%,20.3% forecast, -7.1% previous
Looking Ahead – Economic Data (GMT)
• US Apr Chicago PMI 72.1,65.3 forecast, 66.3 previous
• US Apr Michigan Consumer Sentiment 88.3, 87.4 forecast, 86.5 previous
• US Apr Michigan Inflation Expectations 2.70% %,3.7% forecast, 3.7% previous
• US Apr Michigan 5-Year Inflation Expectations 2.70%,2.70% forecast, 2.70% previous
• US Apr Michigan Consumer \ Expectations2.70%, 79.7 forecast, 79.7 previous
• Canada Feb Budget Balance (YoY) -282.56B, -268.18B previous
• Canada Feb Budget Balance -14.37B,-20.01B previous
• US Mar Dallas Fed PCE -282.56B, -268.18B previous
• US U.S. Baker Hughes Oil Rig Count 342, 344 previous
Looking Ahead – Economic Data (GMT)
•No data ahead
Looking Ahead – Economic release and other data (GMT)
•No events ahead
EUR/USD: The euro declined against dollar on Friday as after data showed Euro zone economy dipped in first quarter. The euro zone economy dipped into a second technical recession after a smaller than expected contraction in the first quarter, but is now firmly set for recovery as pandemic curbs are lifted amid accelerating vaccination campaigns. The European Union’s statistics office Eurostat said gross domestic product in the 19 countries sharing the euro contracted 0.6% quarter-on-quarter for a 1.8% year-on-year fall. The euro was last trading down 0.27% at $1.2085 . Immediate resistance can be seen at 1.2130(23.6%fib), an upside break can trigger rise towards 1.2177 (Higher BB).On the downside, immediate support is seen at 1.2068 (11DMA), a break below could take the pair towards 1.2044(38.2%fib).
GBP/USD: The pound slipped against the dollar on Friday as traders held off major bets before the Bank of England’s policy meeting next week.Sterling was down 0.2% at $1.3922, losing ground from a nine-day high hit on Thursday following a slump in the dollar to its lowest in nine weeks after the U.S. Federal Reserve waved off any talk of shifting its monetary policy. The dollar index, a measure of the greenback’s value against a basket of major peers, rose 0.735%.Immediate resistance can be seen at 1.3978 (23.6%fib), an upside break can trigger rise towards 1.4006 (Higher BB).On the downside, immediate support is seen at 1.3861(38.2%fib), a break below could take the pair towards 1.3800(Psychological level).
USD/CAD: The Canadian dollar steadied against a broadly stronger U.S. counterpart on Friday as data showed growth in Canada's economy, with the loonie holding near a three-year high and on track to advance in April, a seasonally strong month for the currency.The Canadian economy grew by 0.4% in February as retail trade rebounded after lockdown measures were eased across parts of the country, Statistics Canada said. A flash estimate showed GDP jumping 0.9% in March. The Canadian dollar was trading nearly unchanged at 1.2275 to the greenback. Immediate resistance can be seen at 1.2335(5DMA), an upside break can trigger rise towards 1.2404 (38.2%fib).On the downside, immediate support is seen at 1.2260(23.6%fib), a break below could take the pair towards 1.2200 (Psychological level).
USD/JPY: The dollar strengthened against Japanese yen on Friday as strong U.S. data and corporate earnings plus the Federal Reserve's commitment to support the economy fuelled investors' appetite for riskier dollar. Data on Thursday showed U.S. economic growth accelerated in the first quarter, fuelled by massive government aid to households and businesses. Data came against the backdrop of the Federal Reserve's reassurance on Wednesday that it was not time yet to begin discussing any change in its easy monetary policy. Strong resistance can be seen at 109.49(50%fib), an upside break can trigger rise towards 109.95 (61.8%fib).On the downside, immediate support is seen at 108.98(38.2%fib), a break below could take the pair towards 108.62(23.6%fib).
European stocks inched higher on Friday, as strong corporate earnings lifted investor spirits ahead of the release of euro zone economic growth data for the first quarter.
UK's benchmark FTSE 100 close up by 0.12 percent, Germany's Dax ended down by 0.12 percent, France’s CAC finished the day down by 0.53 percent.
U.S. stock index futures retreated on Friday as investors hit pause after a barrage of strong earnings and upbeat economic data through the week drove the benchmark S&P 500 index to record levels.
Dow Jones closed down by 0.54 percent, S&P 500 ended down by 0.72 percent, Nasdaq finished the day down by 0.85 percent.
Gold prices dipped on Friday, set for their worst week in a month, as U.S. Treasury yields gained on strong economic data and dented the non-yielding metal's appeal, while palladium came off the record high marked in the previous session.
Spot gold was down 0.1% at $1,770.41 per ounce by 0626 GMT, dropped 0.3% so far in the week. U.S. gold futures were steady at $1,769.00 per ounce.
Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared.
Brent crude settled at $67.25 a barrel, falling $1.31, or 1.9% on the last day of trading for the front-month June contract. U.S. West Texas Intermediate crude for June settled at $63.58 a barrel, down $1.43, or 2.2%. Brent gained 1.7% on the week and WTI rose 2.3%.