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
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 dips as dollar strengthens ahead of Fed meeting, European stocks slip, Gold slips to 1-week low, Oil prices steady as rising demand outlook tempered by COVID worries-April 28th,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 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: 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 climbs as risk appetite fades, Gold falls from 2-mth high, Oil rises on U.S. and European demand growth optimism-May 5th,2021
Europe Roundup: Euro gains after upbeat German retail sales data, European shares gain,Gold inches higher, Oil slips towards $66 as India offsets demand hopes elsewhere-May 3rd, 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
America’s Roundup: Dollar slips after disappointing U.S. jobs data, wall street ends higher Gold gains, Oil prices set for weekly gain despite India virus surge-May 8th,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
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
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
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: unnerve,Wall Street ends lower, Gold hits 3-month high, Oil climbs 1% on economic recovery hopes despite fresh Asian restrictions-May 18th,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
America’s Roundup: Dollar index jumps to four-month peak, Wall Street dips, Gold slides 2%,Oil falls as Suez Canal reopens, dollar rallies; eyes on OPEC+ meeting-March 31st,2021
•US Redbook (YoY) 9.8%,9.4% previous
•US Redbook (MoM) -17.4%,-17.6% previous
•US Jan S&P/CS HPI Composite - 20 n.s.a. (YoY) 11.1%, 11.0% forecast, 10.1% previous
• US Jan S&P/CS HPI Composite - 20 n.s.a. (MoM) 0.9%, 0.8% previous
• US Jan House Price Index (YoY) 12.0%, 11.4% previous
• US Jan S&P/CS HPI Composite - 20 s.a. (MoM) 1.2%, 1.2% forecast, 1.3% previous
• US Jan House Price Index 316.7, 313.5 previous
• US Jan House Price Index (MoM) 1.0%, 1.1% previous
• US March CB Consumer Confidence 109.7, 96.9 forecast, 91.3 previous
• US March Dallas Fed Services Revenues 21.6, 2.6 previous
• US March Texas Services Sector Outlook 28.9 ,5.0 previous
Looking Ahead Economic Data (GMT)
•23:50 Japan March Industrial Production forecast 1m ahead (MoM) 2.1% previous
•23:50 Japan Apr Industrial Production forecast 2m ahead (MoM) -6.1% previous
•23:50 Japan Feb Industrial Production (MoM) -1.2% forecast, 4.3% previous
•00:00 New Zealand Mar NBNZ Own Activity 21.3% previous
•00:00 New Zealand Mar ANZ Business Confidence 7.0 previous
•00:00 Australia Feb Private Sector Credit (MoM) 0.3% previous
•00:00 Australia Feb Private House Approvals -12.2% previous
•00:00 Australia Feb Housing Credit 0.4% previous
•00:00 Australia Feb Building Approvals (MoM) 5.0% forecast, -19.4% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro declined against dollar on Tuesday as stronger dollar and renewed concern about the euro zone growth outlook weighed on euro. The dollar climbed as Treasury yields spiked again, with accelerating vaccinations and massive stimulus in the United States stoking inflation concerns. The euro weakened to $1.1711, its lowest level since early November. It was last down 0.4% to $1.1715. Immediate resistance can be seen at 1.1758(5DMA), an upside break can trigger rise towards 1.1840 (32.6%fib).On the downside, immediate support is seen at 1.1700 (Psychological level), a break below could take the pair towards 1.1626 (Nov 3rd low).
GBP/USD: Sterling dipped against dollar on Tuesday as investors focused on the outlook for reopening the UK economy from its lockdown. Some lockdown restrictions in England ended on Monday, in contrast to much of Europe, where France and Germany are among the countries contending with a third wave of COVID-19 infections and hospitalisations. The currency hit daily high at $1.3786, later slipped to $1.3735, down 0.10% on the day .Immediate resistance can be seen at 1.3767(9DMA), an upside break can trigger rise towards 1.3816(38.2%fib).On the downside, immediate support is seen at 1.3714 (23.6% fib), a break below could take the pair towards 1.3665(March 25th low).
USD/CAD: The Canadian dollar weakened on Tuesday to its lowest level in nearly three weeks against its U.S. counterpart, as oil fell and the prospect of a major spending package to tackle America's infrastructure needs broadly bolstered the greenback. The Canadian dollar was trading 0.4% lower at 1.2633 to the greenback, or 79.16 U.S. cents, having touched its weakest level since March 10 at 1.2646. Immediate resistance can be seen at 1.2658(March 30th high), an upside break can trigger rise towards 1.2712(32%fib).On the downside, immediate support is seen at 1.2606(5 DMA), a break below could take the pair towards 1.2565(23.6%fib).
USD/JPY: The dollar rose against the Japanese yen Tuesday as accelerating U.S. vaccinations and plans for a major stimulus package stoked inflation expectations and raised Treasury yields. The dollar index rose above the 93 mark and was last up around a third of a percent at 93.185, its highest level in four months.The dollar rose above 110 yen, a level not seen since March last year, and was last up 0.5% on the day. Strong resistance can be seen at 110.49 (23.6%fib), an upside break can trigger rise towards 111.00 (Psychological level).On the downside, immediate support is seen at 109.66 (Daily low), a break below could take the pair towards 109.34 (38.2% fib).
European shares headed towards record highs on Tuesday on hopes of a vaccine-driven economic recovery, while investors looked past the fallout of a U.S. hedge fund default that hit banking stocks a day earlier.
UK's benchmark FTSE 100 closed up by 0.53 percent, Germany's Dax ended up by 1.28 percent, France’s CAC finished the day up by 1.21 percent.
U.S. stocks ended down slightly on Tuesday, with investors selling tech-related growth shares after U.S. Treasury yields hit a 14-month high.
Dow Jones closed down by 0.31% percent, S&P 500 closed down by 0.32% percent, Nasdaq settled down by 0.11% percent.
U.S. Treasury yields dipped in Tuesday afternoon trade, reversing an overnight rise in the benchmark yield to a 14-month high, as traders prepared for quarter-end and ahead of President Joe Biden's infrastructure spending announcement.
The 10-year yield rose to 1.776% in early London trade, its highest since Jan. 22. banking stocks a day earlier.
Gold prices slipped nearly 2% on Tuesday as a firmer dollar, higher Treasury yields and hopes for a faster U.S. economic recovery dampened demand for safe-haven bullion.
Spot gold was down 1.6% at $1,684.64 per ounce by 1:57 p.m EDT (1757 GMT). Earlier in the session, bullion fell about 2% to its lowest since March 8 at $1,678.40. U.S. gold futures settled 1.7% down at $1,686.