Europe Roundup: Euro edges higher against dollar after Euro zone factory activity jumps, European shares gain, Gold rises, Oil up as OPEC+ meets to decide on production policy-April 1st,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
Europe Roundup: Euro weakens after German investor morale falls in April, European shares pause near record high, Gold slips to one-week low, Oil prices tick up after robust China data-April 13th 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 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
Europe Roundup: Sterling slips after reaching two-week high versus dollar, European stocks rise,Gold's gains, Oil rebounds on robust economic data-April 6th,2021
America’s Roundup: Dollar gains as improving U.S. outlook lifts greenback, Wall Street falls, Gold slips, Oil falls 1% as traffic in Suez Canal resumes-March 30th,2021
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 hits over 1-week trough, Wall Street ends higher, Gold inches lower, Oil down 5% as rising OPEC+, Iranian output weighs-April 6th,2021
Europe Roundup: Euro dips as dollar, yields advance, European shares gain, Gold slides more than 1%, Oil falls as Suez opens, focus turns to OPEC+ output cuts-March 30th,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: Sterling hits one-week low vs dollar, European stocks pause near record high, Gold falls, Oil prices slip despite stronger economic outlook-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: 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
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
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
America’s Roundup: Dollar on back foot as market optimism lifts riskier currencies, Gold eases, Oil up on Middle East tensions-February 16th,2021
• Canada Dec Manufacturing Sales (MoM) 0.6%forecast, -0.6% previous
• French 12-Month BTF Auction -0.637% , -0.642% previous
• French 3-Month BTF Auction -0.642%, -0.643% previous
• French 6-Month BTF Auction -0.635% ,-0.635% previous
Looking Ahead - Economic Data (GMT)
•21:45 New Zealand Dec Permanent/Long-Term Migration 672 previous
•21:45 New Zealand Dec External Migration & Visitors -98.60% previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro edged higher against dollar on Monday as brighter world growth prospects and optimism over the coronavirus vaccine rollout supported euro. Trading volumes were thin on Monday with markets in China, Hong Kong and the United States shut for local holidays. Market participants awaited minutes of the U.S. Federal Reserve’s Federal Open Market Committee meeting at the end of January, due on Wednesday. Immediate resistance can be seen at 1.2137(50%), an upside break can trigger rise towards 1.2209 (61.8%fib).On the downside, immediate support is seen at 1.2065 (38.2%fib), a break below could take the pair towards 1.2000 (Psychological level).
GBP/USD: The British pound climbed above $1.39 on Monday as hopes for the end of a third national lockdown boosted sterling. COVID-19 vaccination programme in the United Kingdom raised hopes that its economy will be able to recover more swiftly than its European peers.British Prime Minister Boris Johnson will judge this week how fast England can exit its COVID-19 lockdown after vaccinating 15 million of its most vulnerable people. Immediate resistance can be seen at 1.3909(23.6%fib), an upside break can trigger rise towards 1.4000(Psychological level).On the downside, immediate support is seen at 1.3843 (Daily low), a break below could take the pair towards 1.3895 (38.2%fib).
USD/CAD: The Canadian dollar rose against its U.S. counterpart on Monday, as higher oil prices and hopes of new fiscal aid from Washington boosted Canadian dollar. Unprecedented amounts of stimulus since the pandemic began have spurred bets of a global economic recovery, with U.S. President Joe Biden’s progress in passing a $1.9 trillion aid package further renewing interest commodity linked currency. The Canadian dollar was last trading up 0.4% at 1.2638 to the greenback .Immediate resistance can be seen at 1.2638 (5DMA), an upside break can trigger rise towards 1.2757 (Icimoku Cloud base).On the downside, immediate support is seen at 1.2630(23.6%fib), a break below could take the pair towards 1.2600(Psychological level).
USD/JPY: The dollar strengthened against the Japanese yen on Monday as optimism about COVID-19 vaccine rollouts and a planned $1.9 trillion U.S. stimulus package strengthened dollar. Many financial markets in Asia remained closed on Monday for Lunar New Year, while U.S. stock markets will be shut for Presidents Day. Later in the week, all eyes will be on the release of minutes from the U.S. Federal Reserve's January meeting, where policymakers decided to leave rates unchanged, for hints to the likely direction of monetary policy. Strong resistance can be seen at 105.42 (23.6%fib), an upside break can trigger rise towards 106.00(Psychological level ).On the downside, immediate support is seen at 104.87 (38.2%fib), a break below could take the pair towards 104.40 (50%fib).
European shares scaled one-year highs on Monday and mining stocks tracked a jump in copper prices as bets of more U.S. stimulus fuelled optimism around a faster global economic recovery this year.
UK's benchmark FTSE 100 closed up by 0.30 percent, Germany's Dax ended up by 2.84 percent, France’s CAC finished the day up by 1.45 percent.
U.S. stock markets were closed Monday for the Presidents Day holiday.
Platinum prices climbed to their highest level in over six years on Monday, buoyed by expectations of a wider supply-demand deficit for the industrial metal as investors bet on a swift global economic rebound.
Platinum, rose 3.6% to $1,298.02 an ounce by 1521 GMT, having touched $1,304.00, its highest since September 2014.
Spot gold fell 0.3% to $1,817.41 per ounce pressured by U.S. Treasury yields topping a near 11-month peak on Friday, and as global shares scaled a fresh record peak.U.S. gold futures eased 0.3% to $1,818.20.
Oil prices rose higher, reaching its highest level since January 2020 on hopes U.S. stimulus will boost the economy and fuel demand and after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned Houthi group.
Brent crude rose 1.2% to $63.15 a barrel. U.S. crude oil gained 1.2% to $60.21, just off earlier highs.