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: 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: 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 edges lower ahead of Fed meeting, Wall Street gains, Gold eases ,Oil steadies in undersupplied market but coronavirus cases weigh-27th July,2021
Europe Roundup: Euro rebounds from 3-1/2 month lows ,European shares falls,Gold hits 1-month peak, Oil prices extend losses on expected supply increase-July 15th,2021
America’s Roundup: Dollar edges lower on dovish Fed tone, mixed economic outlook, Wall Street ends mixed, Gold gains, Oil falls over 3% on concerns over demand and OPEC supply boost-August 3rd,2021
America’s Roundup: Dollar gains on upbeat U.S. retail sales data, Wall Street falls, Gold slips from one-month peak, Oil drops on rising supply concerns, increase in COVID cases-17th,July 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 gains after upbeat Eurozone GDP data, European shares slip, Gold firms, Oil prices fall, but on track for weekly gain-July 30th,2021
Europe Roundup: Euro gains after upbeat German manufacturing and retail sales data, European shares rises, Gold slips, Oil prices hit by concern over Chinese economy and higher supply-August 2nd,2021
Europe Roundup: Euro dips as investors focus shifts to Thursday's ECB meeting, European shares gain, Gold eases, Oil extends gains despite rise in U.S. inventories-21st July, 2021
Europe Roundup: Sterling holds firm after UK COVID-19 infections drop, European stocks rise, Gold gains,Oil rises to $75 as U.S. inventory drop counters virus worry-July 28th,2021
America’s Roundup: Dollar rises after U.S. inflation data, Wall Street falls, Gold flat, Oil gains nearly 2% as investors size up tight market-14th July,2021
Europe Roundup: Sterling edges up as UK COVID infections dips, European stocks dips, Gold rises, Oil falls $1 as coronavirus, slower China imports hit demand-26th July,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: 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
America’s Roundup: Dollar on defensive amid weak U.S. data, increase in risk appetite, Wall Street ends mixed, Gold gains, Oil rallies past eight-month high on U.S. crude inventory draw, vaccine hopes-November 26th,2020
•US Core PCE Price Index (MoM) .79B, 0.2% previous
•US Real Consumer Spending (Q3) 40.6%,40.7% previous
•US Core PCE Prices (Q3) 3.50%, 3.50% forecast,3.50% previous
•US Corporate Profits (QoQ) (Q3) 27.5%, -10.7% previous
•US Wholesale Inventories (MoM) 0.9% , 0.4% previous
•US Continuing Jobless Claims 6,071K, 6,020K forecast, 6,372K previous
•US Initial Jobless Claims 778K, 730K forecast, 742K previous
•US Jobless Claims 4-Week Avg 748.50K,742.00K previous
•US Employment Benefits (QoQ) 0.60% previous
•US Employment Cost Index (QoQ)
•US Employment Wages (QoQ) 0.40% previous
•US Oct Core Durable Goods Orders (MoM) 0.5% forecast, 0.8% previous
•US Goods Orders (MoM) 1.0 forecast, 1.9% previous
•US Oct Durables Excluding Defense (MoM) -79.36B previous
•US Oct Retail Inventories Ex Auto -80.29B, 0.7%, 1.1% previous
•US GDP (QoQ) (Q3) 33.1%, 33.2% forecast, 33.1% previous
•US GDP Price Index (QoQ) (Q3) 3.7%, 3.7% forecast, 3.7% previous
•US GDP Sales (Q3) 25.6%,25.5% previous
•US Seevol Cushing Storage Report -0.920M,2.154M previous
•US Nov Michigan Consumer Sentiment 76.9 .77.0forecast, 81.8 previous
•US Nov Michigan Current Conditions 87.0, 85.8 forecast, 85.9 previous
•US Nov Michigan Consumer Expectations 70.5,71.3 forecast, 79.2 previous
•US Nov Michigan 5-Year Inflation Expectations 2.50%, 2.60% forecast, 2.40% previous
•US Nov Michigan Inflation Expectations 2.8%, 2.8% forecast, 2.6% previous
•US Oct Personal Income (MoM) -0.7%, 0.1% forecast , 0.9% previous
•US Oct Core PCE Price Index (YoY) 1.4%,1.4% forecast , 1.5% previous
•US Oct New Home Sales 999K, 970K forecast , 959K previous
•US New Home Sales (MoM) -0.3%, 1.5% forecast , -3.5% previous
•US Oct Real Personal Consumption (MoM) 0.5%, 1.2% previous
•US Oct Personal Spending (MoM) 0.5%,0.4% forecast , 1.4% previous
•US PCE price index (MoM) 0.0%,0.2% previous
•US PCE Price index (YoY) 1.2, 1.4 previous
•US PCE Core PCE Price Index (MoM) 0.0%, 0.1% forecast ,0.2 previous
•US Crude Oil Inventories -0.754M,0.127M forecast, 0.768M previous
•US Oct Dallas Fed PCE 0.60%,0.90% previous
EUR/USD: The euro strengthened against dollar on Wednesday as investors switched their focus from vaccine hopes to disappointing U.S. jobs data and new COVID-19 lockdowns. Figures from the U.S. Labor Department’s weekly jobless claims suggested that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery. The dollar index fell 0.151%, with the euro up 0.03% to $1.1916. U.S. financial markets will be closed on Thursday for the Thanksgiving holiday and U.S. bonds and stocks will trade on a partial schedule on Friday. Immediate resistance can be seen at 1.1923(23.6%fib), an upside break can trigger rise towards 1.1956 (Higher BB).On the downside, immediate support is seen at 1.1896 (50%fib), a break below could take the pair towards 1.1874 (61.8% fib).
GBP/USD: Sterling steadied on Wednesday, showing little reaction to finance minister Rishi Sunak’s plans to borrow amounts not seen in Britain’s peacetime history. Britain will borrow almost 400 billion pounds ($533.40 billion) in the current financial year to pay for the massive coronavirus hit to its economy, Sunak said on Wednesday.At the same time, he announced updated growth forecasts for the UK economy. Traders were looking for further progress towards a post-Brexit trade deal in talks between Britain and the European Union this week. Immediate resistance can be seen at 1.3398 (23.6%fib), an upside break can trigger rise towards 1.3445 (Higher BB).On the downside, immediate support is seen at 1.3345(5 DMA), a break below could take the pair towards 1.3307 (38.2%fib).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Wednesday, with the currency staying within reach of an earlier two-week high as oil prices rose and investors rebalanced their portfolios. The price of oil, one of Canada's major exports, rose to the highest level in more than eight months, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. The loonie was last trading at 1.2990 to the greenback , having touched its strongest intraday level since Nov. 10 at 1.2982. Immediate resistance can be seen at 1.3028 (38.2%fib), an upside break can trigger rise towards 1.3061(14DMA).On the downside, immediate support is seen at 1.2927 (23.6%fib), a break below could take the pair towards at 1.2900 (Psychological level).
USD/JPY: The dollar declined against the Japanese yen on Wednesday as downbeat U.S. economic data and optimism about coronavirus vaccines weakened greenback. The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery. Initial claims for state unemployment benefits increased 30,000 to a seasonally adjusted 778,000 for the week ended Nov. 21, the Labor Department said. Strong resistance can be seen at 104.64 (50% fib), an upside break can trigger rise towards 104.97(61.8% fib).On the downside, immediate support is seen at 104.29 (38.2%fib), a break below could take the pair towards 104.06 (5DMA).
European shares eased slightly, while staying near nine-month highs on Wednesday as a relaxation of coronavirus restrictions in the region and growing hopes that a vaccine would soon be ready kept sentiment afloat.
UK's benchmark FTSE 100 closed up by 1.63 percent, Germany's Dax ended down by 1.51 percent, France’s CAC finished the day down by 1.90 percent.
The S&P 500 and the Dow retreated from record highs on Wednesday as a surprise rise in weekly jobless claims added to signs the recovery of the labor market was stalling amid a surge in COVID-19 infections..
Dow Jones was trading closed down by 0.58 percent, S&P 500 ended lower by 0.16 percent, Nasdaq settled up by 0.48 percent.
Most U.S. Treasury yields dipped on Wednesday after a slate of weak economic data including weekly jobless claims, but the 30-year yield received a boost from reports the Federal Reserve at its November policy meeting discussed lengthening the duration of its bond purchases.
The benchmark 10-year yield fell, last down half a basis point on the day to 0.878%. The two-year yield was also down half a basis point to 0.160%, leaving the yield curve roughly unchanged from Tuesday.
Gold regained momentum on Wednesday following a sharp slide toward the $1,800 pivot in the previous sessions, as an unexpected rise in U.S. jobless claims tempered some of the COVID-19 vaccine-led optimism on Wall Street.
Spot gold rose 0.3% to $1,812.66 an ounce at 10:15 a.m. EST (1515 GMT), having hit its lowest since July 17 at $1,800.01 on Tuesday. U.S. gold futures were up 0.4% at $1,811.00.
Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.
Brent crude rose 75 cents, or 1.6%, to settle at $48.61 a barrel, its highest since early March.
U.S. West Texas Intermediate crude also closed at its highest since early March, rising 80 cents, or 1.8%, to $45.71.