Europe Roundup: Euro gains versus weaker dollar, European shares rises, Gold gains, Oil rises , sets out for weekly gains on demand hopes-16th April ,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
Europe Roundup: Sterling recovers against dollar, European stocks ease, Gold slips, Oil rises but remains rangebound as COVID-19 cases soar-April 12th,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: Euro gains ahead of Thursday’s ECB meeting, European shares inch higher, Gold hits 7-week high, Oil steadies as rising Covid cases raise demand concerns-April 19th,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
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: U.S. dollar hits one-year high vs yen, Wall Street gains, Gold rises,Oil prices fall as OPEC+ concerns weigh-April 1st,2021
Europe Roundup: Sterling recovers ground, hits one-week high vs. dollar,Gold prices ease, European shares gain,Oil maintains upward momentum despite fresh coronavirus fears- April 14th,2021
America’s Roundup: Dollar edges higher on strong data, despite lower yields,Wall Street gains, Oil edges up to fresh 4-week highs as demand outlook improves-April 16th,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 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 holds above $1.20 against dollar, Europe shares ease, Gold gains, Oil hits $68 on Libya force majeure despite pandemic surge-April 20th,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: Pound gains versus dollar,driven by UK outperformance on vaccine rollout, Gold eases, Oil drops below $64 as rising OPEC+, Iranian output weighs-April 5th,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 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
• Russia Central Bank reserves (USD) 589.6B,585.7B previous
• US Continuing Jobless Claims 4,295K,4,300K forecast, 4,419K previous
• US Jobless Claims 4-Week Avg 790.75K, 807.75K previous
• US Initial Jobless Claims745K, 750K forecast, 730K previous
• US Nonfarm Productivity (QoQ) (Q4) -4.2%,-4.7% forecast,-4.8% previous
• Canada Labor Productivity (QoQ) (Q4) -2.0% ,-10.3% previous
• US Unit Labor Costs (QoQ) (Q4) 6.0%,6.6% forecast, 6.8% previous
• US Jan Factory Orders (MoM) 2.6%, 2.1%, 1.1% previous
• US Factory Jan orders ex transportation (MoM) 1.7%,1.4% previous
Looking Ahead – Economic data (GMT)
•21:30 Australia Feb AIG Services Index 54.3 previous
•23:50 Japan Feb Foreign Reserves (USD) 1,392.1B previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro declined on Thursday after the Federal Reserve reiterated an easy monetary policy. Fed Chair Jerome Powell reiterated his pledge to keep policy loose and tolerate spikes in inflation. Meanwhile, data showed the number of Americans filing for jobless benefits rose last week. The number of Americans filing for jobless benefits rose last week, likely boosted by brutal winter storms in the densely populated South, though the labor market outlook is improving amid declining new COVID-19 cases. crucial monthly payrolls report is expected on Friday. Immediate resistance can be seen at 1.2065 (Daily high), an upside break can trigger rise towards 1.2107 (Psychological level).On the downside, immediate support is seen at 1.2023 (38.2%fib), a break below could take the pair towards 1.1989 (2nd March low).
GBP/USD: Sterling declined the dollar on Thursday as the strengthening U.S. dollar put a brake on gains that had taken the pound above 1.40 level in European session. The pound has so far been the best performing G10 currency in 2021, up 1.65% against the dollar, although its lead over other currencies is diminishing. By 2121 GMT, sterling was down 0.40 at $1.3893, earlier hitting daily high of $1.4019. Immediate resistance can be seen at 1.3970( 38.2%fib), an upside break can trigger rise towards 1.4082 (23.6%fib).On the downside, immediate support is seen at 1.3875 (50%fib), a break below could take the pair towards 1.3800 (Psychological level).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Thursday as dollar gained after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit loose and flowing until Americans are back to work. The Canadian dollar was last trading 0.2% higher at 1.4066 to the greenback. U.S. crude prices were up 1.9% to $62.45 a barrel as OPEC and its allies met to discuss whether to ease production cuts. The loonie was 0.11% lower at 1.2667to the greenback having traded in a range of 1.2573 to 1.2691. Immediate resistance can be seen at 1.2697 (30DMA), an upside break can trigger rise towards 1.2780 (38.2%fib).On the downside, immediate support is seen at 1.2641(5 DMA), a break below could take the pair towards 1.2573 (Daily low).
USD/JPY: The dollar rose against the Japanese yen on Thursday after Federal Reserve Chairman Jerome Powell failed to express concern about a recent sell-off in U.S. Treasuries as some traders had expected, resulting in higher demand for the greenback. Powell set aside concern that a recent move up in U.S. Treasury yields might spell trouble for the Fed as investors push up borrowing costs the central bank wants to keep low. The dollar index was last up 0.53% at 91.561, after getting as high as 91.663, the highest since Dec. 1.Strong resistance can be seen at 108.00 (Psychological level), an upside break can trigger rise towards 108.75 (23.6%fib).On the downside, immediate support is seen at 107.45 (50%fib), a break below could take the pair towards 106.88 (61.8%fib).
European stocks closed lower on Thursday as a renewed rise in U.S. bond yields and expectations of a jump in inflation hit risk appetite, with heavyweight miners and technology stocks leading losses.
UK's benchmark FTSE 100 closed down by 0.37 percent, Germany's Dax ended down by 0.17 percent, France’s CAC finished the day up by 0.01 percent.
Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, pushing back at investors who have doubted if he can hold that promise after the pandemic.
Dow Jones closed down by 1.11% percent, S&P 500 closed down by 1.34 % percent, Nasdaq settled up by 2.11% percent.
Gold slumped to a near nine-month low on Thursday pressured by gains in the dollar and U.S. Treasury yields after Federal Reserve Chair Jerome Powell signalled no immediate move to address the surge in bond yields.
Spot gold fell 0.9% to $1,695.26 per ounce by 2:33 p.m. EST (1933 GMT), falling below the $1,700 level for the first time since June 2020. U.S. gold futures settled down 0.9% at $1,700.7.
Oil rallied more than 4% on Thursday, hitting its highest in over a year, after OPEC and its allies agreed to keep production unchanged into April, reasoning that the demand recovery from the coronavirus pandemic was still fragile.
Brent crude rose $2.67, or 4.2%, to settle at $66.74 a barrel, after rising to $67.75, its highest since January 2020.
U.S. crude futures ended $2.55, or 4.2%, higher at $63.83, having also scaled a January 2020 peak, at $64.86.