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
America’s Roundup: Dollar dips after US retail sales data ,Wall Street ends higher, Gold rises, Oil prices jump as major U.S. fuel pipeline restarts but COVID concerns cap gains-May 15th,2021
Europe Roundup: Euro breaks to nine-week peak, European shares edge higher,Gold retreats , Oil prices rise, bullish demand outlook offsets India concerns-April 29th,2021
Europe Roundup:Euro climbs on upbeat German investor sentiment,European shares dips, Gold flat, Oil dips as pipeline outage fears ease, India weighs-May 11th,2021
Europe Roundup: Sterling holds recent gains against dollar, European stocks inched higher, Gold hits 3 month high, Oil prices stable as recovery confidence holds up-May 17th, 2021
Europe Roundup: Sterling transcends above $1.40 for first time since February, European stocks inch higher , Gold gains, Oil gains after cyber-attack leads to closure of U.S. fuel pipelines-May 10th,2021
America’s Roundup: Dollar index trades weak close to over 2-month low, Wall Street closes lower, Gold hovers near 3-month peak, Oil gains after cyberattack powers closure of critical U.S. pipelines-May 11th,2021
Europe Roundup: Sterling slips against the dollar as investors look to BoE ,European shares inch higher, Gold edges lower, Oil prices drift lower on India demand hiccup-April 30th,2021
America’s Roundup: Dollar hits fresh 2-1/2 month low, Wall Street drops, Gold little changed, Oil prices rise on nagging fears of fuel shortages-May 12th,2021
America’s Roundup: Dollar dips on improved risk appetite, investors await US jobs data ,Wall street gains, Gold rises,Oil prices fall 1% on worries of pandemic surge in India-May 7th,2021
America’s Roundup: Dollar dips after U.S. central bank dampens taper hopes, Wall Street ends, Gold gains, Oil gains more than 1% on fuel demand hopes-April 29th,2021
America’s Roundup: Dollar index little changed after more proof of rising inflation, Wall Street ends higher ,Gold rebounds, Oil drops 3% on India's COVID-19 catastrophe, U.S. pipeline restart-May 14th,2021
Europe Roundup: Sterling steadies above $1.40 against dollar, European shares dip, Gold hits 1-week low, Oil drops on India's COVID-19 crisis, pipeline resumption-May 13th,2021
America’s Roundup: unnerve,Wall Street ends lower, Gold hits 3-month high, Oil climbs 1% on economic recovery hopes despite fresh Asian restrictions-May 18th,2021
Europe Roundup: Euro gains against dollar ahead of U.S. jobs data, European stocks hit a record high , Gold gains,Oil prices set for weekly gain despite India virus surge-May 7th,2021
Europe Roundup: Euro dips against dollar ahead of U.S. inflation data, European stocks inch higher ,Gold slips, Oil climbs on demand outlook as market awaits fresh cues-May 12th,2021
America’s Roundup: Dollar index hits six-week low, Wall Street slips from record highs, Gold slips from 7-week top, Oil gains as dollar drops, gains capped by rise in Covid-19 cases-April 20th,2021
• French 12-Month BTF Auction -0.622%, -0.629% previous
• French 3-Month BTF Auction -0.630%, -0.630% previous
• French 6-Month BTF Auction -0.618% ,-0.633% previous
• US 3-Month Bill Auction 0.025%, 0.020% previous
• US 6-Month Bill Auction 0.040%,0.040% previous
Looking Ahead – Economic Data (GMT)
•01:30 China PBoC Loan Prime Rate 3.85% forecast, 3.85% previous
•04:30 Japan Tertiary Industry Activity Index (MoM) -1.7% previous
Looking Ahead - Economic events and other releases (GMT)
•01:30 Australia RBA Meeting Minutes
EUR/USD: The euro rose against dollar on Monday as investors attention turned to ECB meeting. The European Central Bank meets on Thursday with internal divisions over the speed of bond purchasing, expanded COVID-19 lockdowns and likely deferrals to the EU recovery fund form the background. Markets are watching what the ECB says and does intently in the midst of indications of conflict among policymakers over the future pace of bond purchase particularly once a recovery grabs hold. The euro was last trading at $1.2035, up 0.45% on the day and near its highest against the dollar since March 4. Immediate resistance can be seen at 1.2054(23.6%fib), an upside break can trigger rise towards 1.2100(Psychological level).On the downside, immediate support is seen at 1.1991 (38.2%fib), a break below could take the pair towards 1.1943(50%fib).
GBP/USD: Sterling rose to hit fourteen day high against the dollar on Monday ahead of many significant data which is expected to give more proof that Britain's economy is bouncing back from its most profound downturn in 300 years. The pound had a solid first quarter, helped by a quick carry out of COVID-19 vaccination across Britain and by lessening assumptions for negative interest rates. The pound versus a declining dollar, rose 0.1% to $1.3986 at 0835, it most elevated level since April 6. Immediate resistance can be seen at 1.3928 (Daily high), an upside break can trigger rise towards 1.3960 (23.6%fib ).On the downside, immediate support is seen at 1.3854 (50%fib), a break below could take the pair towards 1.3800 (5DMA).
USD/CAD: The Canadian dollar strengthened to a one-month high against its U.S. counterpart on Monday, as the greenback broadly declined and investor’s awaited Bank of Canada interest rate decision on Wednesday. The U.S. dollar tumbled to its lowest level in almost seven weeks against major currencies as the Federal Reserve's view that any spike in inflation was probably going to be brief burden on Treasury yields. The Canadian dollar was trading 0.1% higher at 1.2492 to the greenback , having touched its highest intraday level since March 19 at 1.2471.Immediate resistance can be seen at 1.2542 (9DMA), an upside break can trigger rise towards 1.2597 (Ichimoku Cloud Base).On the downside, immediate support is seen at 1.2446 (23.6%fib),a break below could take the pair towards 1.2400 (Psychological level).
USD/JPY: The dollar declined against Japanese yen on Monday as markets sorted out the dive in U.S. treasuries yields last week after the Federal Reserve repeated that any spike in inflation is probably going to be temporary. Improved risk sentiment shown by stocks to record highs also weighed on the greenback. The greenback's shortcoming was pronounced across the board on Monday, with the greenback hitting multi-week lows against significant companions in the G10 gathering of currencies, the Japanese yen, the Swiss franc, the Australian dollar and the New Zealand dollar, and the euro. Strong resistance can be seen at 108.57 (38.2%fib), an upside break can trigger rise towards 108.78 (5DMA).On the downside, immediate support is seen at 108.15(23.6%fib), a break below could take the pair towards 107.77(Lower BB).
European stocks crept higher on Monday, extending their exceptional rally, as optimism about a strong beginning to the earning season counterbalanced a stressing resurgence in COVID-19 cases globally.
UK's benchmark FTSE 100 closed down by 0.28 percent, Germany's Dax ended down by 0.59 percent, France’s CAC finished the day up by 0.15 percent.
U.S. stocks ended lower on Monday, slipping from a week ago's record levels, as investors anticipated direction from first-quarter earning to justify high valuations, while Tesla Inc shares fell after a deadly car crash..
Dow Jones closed down by 0.36% percent, S&P 500 closed down by 0.53% percent, Nasdaq settled down by 0.98% percent.
U.S. Treasury yields were higher on Monday even as stock markets slumped, as investors looked forward to a Wednesday bond auction.
The benchmark 10-year yield was up 3.2 basis points in afternoon trading at 1.6047% after reaching as high as 1.617% during the morning. The level was well above the multiweek low of 1.528% reached April 15.
Gold pulled back from an over seven-week top on Monday as U.S. Treasury yields gained, weighing on-yielding bullion's allure and countering support from a more vulnerable dollar.
Spot gold was down 0.3% at $1,770.97 per ounce by 1:41 p.m. EDT (1741 GMT) after touching $1,789.77, the highest since Feb. 25. U.S. gold futures settled down 0.5% at $1,770.60.
Oil edged higher on Monday, supported by a more fragile U.S. dollar however gains were capped by worries about the effect on demand from rising Covid cases in India.
Brent crude settled up 28 cents, or 0.4%, at $67.05 a barrel, after rising 6% last week. West Texas Intermediate (WTI) U.S. oil ended the session up 25 cents, or 0.4%, at $63.38 a barrel, having gained 6.4% last week.