America’s Roundup: Dollar dips as jobless claims increase ,Wall Street ends up ,Gold jumps, Oil prices partially recover after US, Iran deny reported nuclear deal-June 9th,2023
Europe Roundup:Sterling steady as UK house prices post first yearly drop since 2012 ,European shres Gold range bound , Oil prices edge higher as Saudi cut outweighs bearish backdrop
America’s Roundup: Dollar backs off highs after Fed officials suggest skipping June rate hike, Wall Street falls, Gold firms, Oil settles lower on weak China data, stronger US dollar-June 1st,2023
America’s Roundup: Dollar gains after strong jobs data, Wall Street ends up, Gold slips,Oil up over 2% after US debt deal and jobs data, focus turns to OPEC+
Europe Roundup: Sterling gains against dollar, European shares dip, Gold firms, Oil rises as Saudi cut supports and focus turns to Fed-June 8th,2023
America’s Roundup : Dollar hits two-month high, Wall Street ends mixed, Gold hits 2-month low, Oil settles lower as Russia downplays additional OPEC+ cuts-May 26th,2023
America’s Roundup: Dollar edges down following U.S. debt ceiling deal, Gold steadies, Oil ticks up as markets weigh U.S. debt deal, rate hike possibility-May 30th,2023
Europe Roundup: Euro gains against dollar, European stocks muted , Gold edges higher,Oil steady as U.S. default risk offsets demand outlook-May 22nd -2023
America’s Roundup: Dollar falls after weak services data, Wall Street ends lower, Gold rebounds, Oil rises on Saudi plan to deepen output cuts from July-June 6th,2023
Europe Roundup: Sterling logs a second week of gains as rate outlook heats up ,European shares flat,Gold eases, Oil price gains capped by demand fears-June 9th ,2023
America’s Roundup: Dollar gains on resilient U.S. economy, flight to safety, Wall Street ends down, Gold dips ,Oil prices gain 2% on falling U.S. stockpiles, Saudi warning-May 25th,2023
Europe Roundup: Sterling rises but sticky inflation remains in focus, European stocks steady, Gold bounces back, Oil falls 2% on US debt deal struggles, OPEC+ talks uncertainty
Europe Roundup: Euro edges lower against dollar, European shares mixed, Gold trades in tight range, Oil steady after U.S. debt deal but rate hike worries linger-May 29th,2023
America’s Roundup: Dollar gains as U.S. debt ceiling concerns keep traders nervous, Wall Street ends sharply lower, Gold recovers, Oil gains after Saudi official warns short sellers-May 24th,2023
America’s Roundup: US dollar drops after Fed's Powell hints at June pause , Wall Street slips, Gold gains, Oil slips as debt talks pause, Fed warns of high inflation
Europe Roundup: Euro dips against dollar, European shares flat, Gold slips, Oil rises on Saudi plan to deepen output cuts from July
America’s Roundup: Dollar pulls back as markets reconsider Fed rate bets, Wall Street ends higher, Gold edges lower, Oil surges after G7 pledge fresh Russian sanctions-June 28th,2022
• US May Core Durable Goods Orders (MoM) 0.7%,0.3% forecast ,0.4% previous
• US May Durables Excluding Defense (MoM) 0.6%,0.3% previous
• US May Durable Goods Orders (MoM) 0.7%,0.1% forecast , 0.5% previous
• US May Goods Orders Non Defense Ex Air (MoM) 0.5%0.4% previous
• EU French 12-Month BTF Auction 0.609%,0.708% previous
• EU French 3-Month BTF Auction -0.392%,-0.465% previous,
• EU French 6-Month BTF Auction -0.163% , -0.096% previous
• US May Pending Home Sales (MoM) 0.7%,-4.0% forecast, -3.9% previous
• US May Pending Home Sales Index 99.9, 99.3 previous
• US Jun Dallas Fed Mfg Business Index -17.7, -7.3 previous
• US 3-Month Bill Auction 1.750%,1.670% previous
• US 6-Month Bill Auction 2.500%,2.390% previous
Looking Ahead - Economic Data (GMT)
• 03:30 Japan 2-Year JGB Auction -0.058% previous
• 05:00 Japan BoJ Core CPI (YoY) 1.4% previous
Looking Ahead - Events, Other Releases (GMT)
• No significant events
EUR/USD: The euro edged higher on Monday as investors awaited start of the European Central Bank's annual summit in Portugal. The euro led gainers versus the dollar as the European Central Bank's annual forum in Sintra got underway with ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell both attending the meeting.Several European Central Bank policymakers, including President Christine Lagarde, will speak at the ECB Forum on Central Banking in Sintra, Portugal, starting late on Monday. Markets will be keenly watching for any signs of future policy moves. Immediate resistance can be seen at 1.0606(38.2%fib),an upside break can trigger rise towards 1.0693(50%fib).On the downside, immediate support is seen at 1.0546(5DMA), a break below could take the pair towards 1.0476(23.6%fib).
GBP/USD: Sterling was little changed against dollar on Monday amid more post-Brexit tensions and persistent economic growth worries in Britain.British Prime Minister Boris Johnson said on Monday parliament could pass legislation this year to scrap some of the rules on post-Brexit trade with Northern Ireland that his government agreed in 2020 with the European Union. Risk-sensitive sterling had risen in London morning to a two-week high versus the dollar, lifted by an equity market rally. But by 1110 GMT, it was flat at $1.2273. Immediate resistance can be seen at 1.2368(21DMA),an upside break can trigger rise towards 1.2444 (38.2%fib).On the downside, immediate support is seen at 1.2232(23.6%fib), a break below could take the pair towards 1.2163(June 22nd low).
USD/CAD: The Canadian dollar rose against its US counterpart to an 11-day high on Monday, recouping part of this month's decline as oil prices rose and the greenback lost ground across the board. Oil prices, one of Canada's top exports, rose for a second day as investors waited for action on Russian oil and gas exports, which could come from a meeting of Group of Seven (G7) leaders in Germany. The Canadian dollar was trading 0.1% higher at 1.2875 per greenback, or 77.67 U.S. cents, after touching its strongest level since June 16 at 1.2865 .Immediate resistance can be seen at 1.2912 (5DMA), an upside break can trigger rise towards 1.2949 (38.2% fib).On the downside, immediate support is seen at 1.2848(50%fib), a break below could take the pair towards 1.2748 (61.8%fib).
USD/JPY: The dollar struggled against the Japanese yen on Monday as softening inflation expectations prompted a reassessment of the prospects for aggressive interest rate hikes. Softening US economic data in a survey released on Friday showed consumer confidence at a record low, giving investors further impetus to scale back their bets on US interest rate hikes. But the specter of a global slowdown and favoritism of dollar-denominated assets has prevented further declines. Against its rivals, the dollar edged 0.12% lower to 103.9. Strong resistance can be seen at 135.80 (23.6%fib), an upside break can trigger rise towards 136.24(June 23rd high).On the downside, immediate support is seen at 134.68(14DMA), a break below could take the pair towards 133.00(38.2%fib).
European stocks closed at a two-week high on Monday, buoyed by miners as China's easing of COVID-19 restrictions lifted global sentiment, while Prosus shares rallieed on the Dutch company plan to reduce its stake in Tencent.
UK's benchmark FTSE 100 closed up by 0.69 percent, Germany's Dax ended up by 0.52 percent, France’s CAC finished the day down by 0.43percent.
US stocks closed lower on Monday with few catalysts that could affect investor sentiment as they near the halfway point of a year in which stock markets have been hit by mounting worries about inflation and tightening Fed policy..
Dow Jones closed down by 0.20% percent, S&P 500 closed down by 0.30% percent, Nasdaq settled down by 0.72% percent.
Treasury yields rose on Monday as data on orders for durable goods and pending home sales amazed to the upside, however the sale of two- and five-year notes changed into susceptible because the marketplace gauges the economic system and Federal Reserve efforts to tame inflation.
• The 10-year note rose 7 basis points to 3.194% and the two-year's yield, which can herald rate expectations, gained 6.9 basis points to 3.126%.
Gold prices fell on Monday as higher interest rates weighed on the precious metal as investors watched for signs of policy moves at the European Central Bank forum in Portugal.
Spot gold fell 0.1% to $1,823.89 per ounce by 2:47 p.m. ET (1847 GMT). U.S. gold futures settled down 0.3% at $1,824.8.
Oil rose $2 a barrel on Monday as the prospect of even tighter supply loomed over the market as the Group of Seven nations pledged to further tighten Russian President Vladimir Putin's war chest while lowering energy prices
Brent crude futures settled $1.97, or 1.7% higher, at $115.09 a barrel, whereas West Texas Intermediate crude closed up $1.95, or 1.8%, at $109.57 a barrel.