Europe Roundup: Sterling ticks higher after UK sets out reopening plans , European shares slip, Oil soars to multi-year highs after OPEC+ talks collapse-July 6th,2021
America’s Roundup: U.S. dollar inches higher to three-month peak,Wall Street gains, Gold little changed, Oil rebounds as market seizes on discounted prices-July 21st,2021
America’s Roundup: Dollar little changed as fears of rate hikes subside, Gold inches higher, Oil prices rise as OPEC+ calls off output talks-July 6th,2021
Europe Roundup Euro gains after upbeat Euro zone business activity data, :European shares were pinned below record highs, Gold edges lower, Oil prices rise as OPEC + seeks to break the stagnation of the production pact-5th July,2021
Europe Roundup: Euro dips as focus turns to U.S. inflation data, European shares ease, Gold little changed,Oil climbs on expected further draw in crude inventories-July 13th,2021
America’s Roundup: Dollar falls as Fed's Chairman Powell maintains dovish message, Wall Street ends mixed, Gold gains, Oil dips 2% on oversupply fears after OPEC negotiates a deal-July 15th,2021
America’s Roundup: Dollar eases from highest level since start of the year , Wall Street ends higher, Gold hits 1-week low, Oil gains over 4% despite rise in U.S. inventories-22nd July ,2021
Europe Roundup: Euro edges higher against greenback ahead of ECB meeting, European stocks gains, Gold eases, Oil prices rise on signs of tightening supplies-22nd July,2021
Europe Roundup: Euro dips near 3-month low ,European shares gain, Gold prices gain, Oil rises but OPEC+ uncertainty clouds outlook-July 7th,2021
America’s Roundup: Dollar recovers from earlier fall after US jobless claims data, Wall Street ends mixed, Gold scales 1-month peak, Oil falls as investors look out for more supply-16th July,2021
America’s Roundup: U.S. dollar inches higher in volatile trading , Wall Street ends higher, Gold edges higher, Oil gains as demand seen outstripping supply-July 23rd,2021
Europe Roundup: Sterling gains after UK inflation jumps in June,European shares slip, Gold firms, Oil prices fall as China crude import data weighs-July 14th,2021
Europe Roundup: Sterling dips against greenback, heads for worst week in a month, European shares rise, Gold slips, Oil up, but on track for biggest weekly drop in months-July 16th,2021
Europe Roundup: Euro softer after ECB pledged record low rates for longer, European shares gain,Gold little changed, Oil slips but set to end week steady on tight supply-July 23rd,2021
America’s Roundup: Dollar weakens, Wall Street closes at record highs,Gold gains,Oil prices rise over 2% as U.S. inventories decline-10th,July 2021
America’s Roundup: Dollar falls after U.S. nonfarm payrolls data, Wall Street gains,Gold gains, Oil steady, traders on sidelines as OPEC+ talks drag on-July 3rd,2021
America’s Roundup: Dollar index hits three-week top in wake of robust U.S. data, US Stocks ends lower, Gold slides over 2%, Oil steady after mixed U.S. crude inventory report-June 4th,2021
•U.S. weekly jobless claims drop below 400,000
• US May ADP Nonfarm Employment Change 978K,650K forecast, 742K previous
• US Continuing Jobless Claims 428.00K, 3,615K forecast, 3,642K previous
• US Jobless Claims 4-Week Avg 428.00K,458.75K previous
• US Initial Jobless Claims 385K,390K forecast, 406K previous
• US Nonfarm Productivity (QoQ) (Q1) 5.4%,5.5% forecast, 5.4% previous
• US May Services PMI 70.4,70.1 forecast, 64.7 previous
• US May Markit Composite PMI 68.7,68.7,68.1 forecast, 63.5 previous
•US May ISM Non-Manufacturing Business Activity 67.2 forecast, 62.7 previous
•US May ISM Non-Manufacturing PMI 64.0, 63.0 forecast, 62.7 previous
•US May ISM Non-Manufacturing New Orders 63.9,63.2 previous
•US ISM Non-Manufacturing Employment 55.3 ,55.3, 58.8 previous
•US Gasoline Inventories 1.500M, -1.479M forecast, -1.745M previous
•US Crude Oil Inventories -5.080M,-2.443M forecast, -1.662M previous
Looking Ahead - Economic Data (GMT)
•23:30 Japan Apr Household Spending (YoY) 9.3% forecast, 6.2% previous
•23:30 Japan Apr Household Spending (MoM) -2.2% forecast, 7.2% previous
•01:30 Australia Home Loans (MoM) 3.3% previous
Looking Ahead - Economic events and other releases (GMT)
•07:00 New Zealand RBNZ Gov Orr Speaks
EUR/USD: The euro declined on Thursday as dollar was aided by stronger than expected US jobs data pointed to an improvement in the labor market and heightened signs that the world's largest economy was on track to recover from the COVID-19 pandemic. US private payrolls rose 978,000 jobs in May, the largest increase since June 2020, according to the ADP National Employment Report. Economists polled had predicted that U.S. private payrolls would increase 650,000 jobs. While, initial jobless claims in the U.S. fell below 400,000 for the first time since the pandemic began more than a year ago last week. Immediate resistance can be seen at 1.2192 (38.2% fib), an upside break can trigger rise towards 1.2257 (23.6%fib).On the downside, immediate support is seen at 1.2124 (Daily low), a break below could take the pair towards 1.2100(61.8%fib).
GBP/USD: The sterling declined against the dollar on Thursday as data showing an increase in hiring among private employers in the United States suggested a rapidly recovering economy pushed the dollar higher. Investors have been betting heavily against the dollar for the past few months, but have become more cautious lately, wondering whether a surprisingly strong economic recovery from the US threatens the theory that rates will stay low for a long time. Sterling fell 0.43% to $1.4108 following the stronger than expected U.S. private payrolls data. Immediate resistance can be seen at 1.4134 (5DMA),an upside break can trigger rise towards 1.4214 (23.6%fib).On the downside, immediate support is seen at 1.4086 (38.2%fib), a break below could take the pair towards 1.4005(50%fib).
USD/CAD: The loonie fell to a six-day low versus its much stronger U.S. counterpart on Thursday as US economic data reinforced signs that the world's largest economy was on the way to recovering from the COVID pandemic . The loonie, which was on the rise this year due to higher commodity prices and the Bank of Canada's more aggressive stance, traded 0.6% lower against greenback at 1.2106. The May employment report for the United States and Canada will be released on Friday. Economists expect the data to show that the number of jobs in Canada fell by 20,000 after falling by 207,000 in April. Immediate resistance can be seen at 1.3437(Daily high), an upside break can trigger rise towards 1.3467 (Feb 28th high).On the downside, immediate support is seen at 1.3386 (5 DMA), a break below could take the pair towards 1.3332 (11 DMA).
USD/JPY: The dollar strengthened against yen on Thursday as number of Americans applying for new unemployment benefits has declined in the past week, indicating that the job market is strong. According to data released on Thursday, since the beginning of the COVID-19 pandemic more than a year ago, the number of initial jobless claims fell below 400,000 last week. Focus now turns to key U.S. non-farm payroll numbers due on Friday. Strong resistance can be seen at 109.96 (Higher BB), an upside break can trigger rise towards 110.26 (23.6%fib).On the downside, immediate support is seen at 109.26(50%fib), a break below could take the pair towards 108.80(61.8%fib).
European stocks pared losses on Thursday as upbeat eurozone business growth data and robust U.S. jobs data lifted sentiment on quite trading day .
UK's benchmark FTSE 100 closed down by 0.61 percent, Germany's Dax ended up by 0.19 percent, France’s CAC finished the day down by 0.21 percent.
U.S. stock indexes dropped on Thursday as awaited strong U.S. data reports for cues on economic recovery and inflation signals.
Dow Jones ended down by 0.07 percent, S&P 500 ended lower by 0.36 percent, Nasdaq was settled down by 1.03 percent.
U.S. Treasury yields rose in light trading on Thursday ahead of the government's employment report in May.
The 10-year benchmark return increased 3.4 basis points to 1.625%. Five- and seven-year bond yields hit two-week highs.
Gold fell as much 2.3% on weekday as better-than-expected U.S. employment and repair sector information propelled the dollar higher.
Spot gold was down 1.9% at $1,871.91 per ounce by 1:43 p.m. EDT (1743 GMT), after falling to its lowest level since May 20 at $1,864.39. U.S. gold futures settled down 1.9% at $1,873.30.
oil prices steadied on Thursday following two straight days of gains that took oil futures to highs not seen in a year, after weekly U.S. crude stocks fell sharply while fuel inventories rose more than expected.
Oil prices stabilized on Thursday after two consecutive days with gains pushing oil futures to highs not seen in a year after U.crude's weekly stocks fell sharply while fuel inventories were stronger than expected increased.
Brent futures settled at $71.31 a barrel, down 4 centsafter touching its highest since May 2019 earlier in the session. U.S. crude settled at $68.81 a barrel, losing 2 cents.