Europe Roundup: Euro gains after German inflation data, European stocks retreat, Gold gains, Oil firms near $70 a barrel on improving demand outlook-May 31st,2021
America’s Roundup: Dollar edges up on manufacturing data,Wall Street edges up, Gold steadies near 5-month peak, Oil settles up after hitting 15-month highs on demand prospects-June 2nd,2021
Europe Roundup: Euro dips as dollar firms ahead of U.S. jobs data, European stocks slip, Gold falls, Oil steady after sharp rise on improved demand picture-June 3rd,2021
Europe Roundup: Sterling dips from 3-year high as new COVID variant fears weighs European shares rise,Gold hits near 5-month high, Brent hits highest since March on demand prospects-June 1st,2021
America’s Roundup: Dollar edges lower as investors wait for a catalyst, Wall Street ends mixed, Gold gains, Oil falls on profit taking after hitting 2-year high-June 8th,2021
America’s Roundup: Dollar dips as traders assess the impact of a surge in U.S. inflation, Gold gains, Oil gains near $70 a barrel as demand outlook improves-June 1st,2021
America’s Roundup:Dollar edges down after inflation data,Wall Street ends higher, Gold edges higher, Oil hits two-year highs on rising demand expectations-June 11th,2021
Europe Roundup: Euro dips as dovish ECB comments weighs, European shares near record high, Oil steady as Iranian supply prospect offsets demand optimism-May 26th,2021
Europe Roundup: Sterling dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,2021
America’s Roundup: Dollar gains after data shows US economy gaining momentum, Wall Street edges up, Gold holds steady, Oil prices gain 1%, boosted by U.S. economic data-May 28th,2021
Europe Roundup: Euro little changed as market participants focused on Thursday's European Central Bank meeting, European stocks ease, Gold slips, Oil eases on Iran concern-June 7th,2021
America’s Roundup: Dollar gives up gains as markets digest economic data, Wall Street rises, Gold retakes $1,900 level, Oil gains as demand outlook counters supply fears-May 29th,2021
Europe Roundup: Euro dips after downbeat German retail sales data, European stocks inches higher, Gold prices fall, Oil gains, supported by OPEC+ call to restore supply to the market-June 2nd,2021
Europe Roundup: Sterling was largely unmoved against dollar, European shares gain, Gold slides over 1%,Oil gains as demand improves, supplies shrinks-June 14th,2021
Europe Roundup: Euro edges higher against dollar ahead of US inflation data and ECB meeting, European stocks hovering around recent peaks, Gold steady, Oil rallies amid signs of strong fuel demand in Western countries-June 9th,2021
America’s Roundup: Dollar falls as U.S. non-farm payrolls lag behind expectations, Wall Street ends higher, Gold rebounds, Oil extends gain on OPEC+ supply discipline and recovering demand-June 5th,2021
America’s Roundup: Dollar retreats as U.S. data disappoints, Wall Street gains,Gold rises over 1%, Oil rises over 1% as demand hopes bolster sentiment-May 4th 2021
• US Apr Manufacturing PMI 60.5, 60.6 previous
•US March Construction Spending (MoM) 0.2% ,2.0%,-0.8% previous
•US ISM Apr ISM Manufacturing Employment 55.1,55.1,59.6 previous
•US ISM Apr Manufacturing Prices 89.6,86.0, 85.6 previous
• US Apr ISM Manufacturing PMI 65.0, 64.7 previous
• US Apr ISM Manufacturing New Orders Index 68.0
• US 6-Month Bill Auction 0.015%,0.035% previous
• US 3-Month Bill Auction 0.035%, 0.020% previous
Looking Ahead – Economic Data (GMT)
• 07:00 Mar Australia Imports (MoM) 5% previous
• 07:00 Mar Australia Exports (MoM) -1% previous
• 07:00 Mar Australia Trade Balance 8.000B forecast, 7.529B previous
• 07:00 Mar Australia Home Loans (MoM) -1.7% previous
• 07:00 May Australia RBA Interest Rate Decision
Looking Ahead - Economic events and other releases (GMT)
• 10:00 Australia RBA Rate Statement
EUR/USD: The euro strengthened against dollar on Monday after data showed German retail sales posted an unexpected surge in March. German retail sales posted their biggest year-on-year increase in March since the start of the COVID-19 pandemic, data showed on Monday, as the relaxation of some lockdown measures boosted purchases of clothes and shoes. The Federal Statistics Office said retail sales jumped 11.0% compared to the same month a year earlier in real terms after an upwardly revised fall of 6.6% in February. Immediate resistance can be seen at 1.2076 (23.6%fib), an upside break can trigger rise towards 1.2155 (Higher BB).On the downside, immediate support is seen at 1.2006 (38.2%fib), a break below could take the pair towards 1.1948 (50%fib).
GBP/USD: The pound rose higher against dollar on Monday as investors were bullish about the global economic recovery looked ahead to a busy week for U.S. economic data that is expected to underline the strength of the rebound. A busy week for U.S. economic data is expected to show resounding strength, particularly for the ISM manufacturing survey and April payrolls. Forecasts are that 978,000 jobs were created in the month as consumers spent their stimulus money and the economy opened up more. Immediate resistance can be seen at 1.3921 (38.2%fib), an upside break can trigger rise towards 1.4012 (Higher BB ).On the downside, immediate support is seen at 1.3805 (14DMA), a break below could take the pair towards 1.3714 (50%fib ).
USD/CAD: The Canadian dollar was little changed against the greenback on Monday, holding near its strongest level in over three years ahead of domestic factory activity data and as optimism about global economic recovery bolstered investor sentiment.Global equity markets gained and the price of oil,one of Canada's major exports, rose 0.3% to $63.77 a barrel as investors bullish about the global economic recovery looked ahead to a busy week for U.S. economic data that is expected to underline the strength of the rebound .Immediate resistance can be seen at 1.2324 (5 DMA), an upside break can trigger rise towards 1.2383 (9DMA).On the downside, immediate support is seen at 1.2254(23.6%fib), a break below could take the pair towards 1.2200 (Psychological level).
USD/JPY: The dollar declined against the Japanese yen on Monday as giving up earlier groundin the previous session, as Treasury yields retreated and lacklustre data weighed on the U.S. currency.U.S. manufacturing activity grew at a slower pace in April, likely constrained by shortages of inputs amid pent-up demand unleashed by rising vaccinations and massive fiscal stimulus. . Strong resistance can be seen at 109.49(50%fib), an upside break can trigger rise towards 110.04 (61.8%fib).On the downside, immediate support is seen at 109.02(50%fib), a break below could take the pair towards 108.41(23.6%fib).
European stocks ended higher on Monday after the European Commission outlined plans to loosen COVID-19 restrictions on tourism, while strong factory and retails sales data and a robust corporate earnings season added to the optimism.
UK's benchmark FTSE 100 closed up by 0.12 percent, Germany's Dax ended up by 0.66 percent, France’s CAC finished the day up by 0.61 percent.
Wall Street’s main indexes opened higher on Monday after a week of largely upbeat earnings, with investors awaiting data to gauge the pace of the country’s economic recovery.
Dow Jones last up by 0.88% percent, S&P 500 was last up by 0.47% percent, Nasdaq was last down by 0.32% percent.
U.S. Treasury yields tumbled on Monday after data showed manufacturing activity growth slowed in April amid supply challenges and rising demand fueled by the coronavirus vaccine rollout and fiscal stimulus.
The benchmark 10-year yield was last down 5.1 basis points at 1.5799%, holding well below a 14-month high of 1.776% reached on March 30.
Gold prices jumped more than 1% on Monday, with the rally spilling over into other precious metals as well, driven by a retreat in the dollar and U.S. Treasury yields.
Spot gold rose 1.3% to $1,791.26 per ounce by 1:42 p.m. EDT (1742 GMT), after hitting its highest since April 22 at $1,797.75. U.S. gold futures settled 1.4% higher at $1,791.80.
Oil rose more than 1% on Monday as Chinese economic figures and U.S. vaccination rate pointed to a strong rebound in demand in the world's two largest economies.
Brent crude rose 74 cents, or 1.1%, to $67.50 a barrel by 1:30 p.m. EDT (1730 GMT). U.S. West Texas Intermediate rose 80 cents, or 1.3%, to $64.38 a barrel.