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
America’s Roundup: Dollar jumps after Fed eyes earlier start to rate hikes, Wall Street closes lower ,Gold slides over 1%,Oil settles near $75, at multi-year highs-June 17th,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
America’s Roundup: U.S. dollar advances to two-month peak, Wall Street ends lower,Gold slips over 2%, Oil falls from multi-year high on stronger dollar-June 18th,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 heads for best week in nine month,Wall Street ends lower,Gold edges down, Oil gains on OPEC's view that US production growth will slow-June 19th,2021
America’s Roundup: Dollar broadly gains ahead of U.S. inflation data, Wall Street ends mixed,Gold falls, Oil rises as Iranian supply not seen returning soon-June 9th,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
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
Europe Roundup: The British pound rises after unexpected spike in inflation,European shares gain, Gold holds steady, Oil prices hit a new high-16th June ,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 drops below $1.39, weighed down Fed and UK retail sales miss ,European shares falls, Gold gains,Oil falls amid dollar strength-June 18th,2021
Europe Roundup: Euro dips against dollar ahead of U.S. payrolls data, European stocks inch higher, Gold hits 2-week low, Oil rises towards $72 on demand prospects-June 4th,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
America’s Roundup: Dollar rises on US inflation data as traders await Fed meeting outcome, Wall Street slips,Gold dips, Oil climbs nearly 2%-June 16th,2021
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 rises U.S. inflation data ,Wall Street skids on inflation fears, Gold dips, Oil rises to 8-wk high on demand hopes, U.S. export decline-May 13th,2021
• US Apr CPI, n.s.a (MoM) 0.82%, 0.71% previous.
• US Apr CPI Index, s.a 266.83, 264.79 previous.
• US Apr Core CPI Index 273.70, 271.21 previous.
• US Apr CPI (MoM) 0.8%,0.2%forecast, 0.2%forecast
• US Apr Core CPI (YoY) 3.0%,2.3% forecast, 1.6% forecast
• US Apr Core CPI (MoM) 0.9%,0.3% forecast, 0.3% forecast
• US Apr Real Earnings (MoM) 0.2%,0.1% forecast
• US Crude Oil Inventories-0.427M,-2.817M forecast,-7.990M previous
Looking Ahead - Economic Data (GMT)
•01:30 Australia Wage Price Index (QoQ) (Q1) 0.4% previous
•01:30 Australia Wage Price Index (QoQ) (Q1) 0.3%forecast, 0.6% previous
•01:30 Australia Wage Price Index (YoY) (Q1) 1.1% forecast, 1.4% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro dipped against dollar on Wednesday after data showed U.S. consumer prices increased by the most in nearly 12 years in April. A 0.8% jump in the U.S. consumer price index - outpacing a 0.2% forecast boosted the U.S. dollar as expectations of rising real interest rates burnished the currency’s appeal. The dollar, gained after wobbling briefly earlier in the day.The dollar index, which measures the greenback against six major currencies, rose 0.65% to 90.795. The rising dollar left the euro 0.60% weaker at $1.208. The single currency on Tuesday had hit a 2-1/2 month high. Immediate resistance can be seen at 1.2111 (38.2%fib), an upside break can trigger rise towards 1.2169 (Higher BB).On the downside, immediate support is seen at 1.2053 (38.2%fib), a break below could take the pair towards 1.2011 (30DMA).
GBP/USD: Sterling on Wednesday as dollar strengthened after U.S. consumer prices increased more than expected in April, leading many to believe inflationary pressures could spur the Federal Reserve into tightening policy earlier than signaled. The consumer price index jumped 0.8% last month, the largest gain since June 2009. The CPI rose 0.6% in March. A 10.0% surge in prices of used cars and trucks, the most since the series started in 1953, accounted for over a third of the increase in the CPI last month. That followed a 0.5% rise in March. Immediate resistance can be seen at 1.4154 (23.6%fib), an upside break can trigger rise towards 1.4200 (Psychological level).On the downside, immediate support is seen at 1.4040 (38.2%fib), a break below could take the pair towards 1.3948 (38.2%fib).
USD/CAD: The Canadian dollar was little changed against its broadly stronger U.S. counterpart on Wednesday, holding near an earlier six-year high as investors bet that the Bank of Canada would be more sensitive to rising inflation than the Federal Reserve. The U.S. dollar rallied against a basket of major currencies as data showed U.S. consumer prices increasing by the most in nearly 12 years in April. The Canadian dollar was trading nearly unchanged at 1.2100 to the greenback, or 82.64 U.S. cents, having touched its strongest level since May 2015 at 1.2046. It gained ground against the other G10 currencies. Immediate resistance can be seen at 1.2176(9DMA), an upside break can trigger rise towards 1.22549 (38.2%fib).On the downside, immediate support is seen at 1.2040 (23.6%fib), a break below could take the pair towards 1.2000 (Psychological level).
USD/JPY: The dollar edged higher the yen on Wednesday after inflation data showed a surge in consumer prices in April. The Labor Department report on Wednesday showed U.S. consumer prices increased more than expected as booming demand in the reopening economy pushed against supply constraints. The consumer price index jumped 0.8% last month versus the 0.2% forecast. The Fed has argued that while inflation is rising, it is likely temporary and will dip again by the end of the year. The dollar was trading up 0.01% on the yen at 109.61. Strong resistance can be seen at 109.80 (23.6%fib), an upside break can trigger rise towards 110.39(29th March high).On the downside, immediate support is seen at 109.31 (38.2%fib), a break below could take the pair towards 108.93 (50%fib).
European stocks rose on Wednesday, led by a charge in energy shares as oil prices hit two-year highs, while strong regional earnings reports and signs of speedy economic recovery offset concerns about a rapid rise in U.S. prices.
UK's benchmark FTSE 100 closed up by 0.20 percent, Germany's Dax ended up by 0.82 percent, France’s CAC finished the day up by 0.19 percent.
U.S. stocks suffered the biggest slump in at least 11 weeks on Wednesday and benchmark Treasury yields jumped after data showed consumer prices in April unexpectedly rose by the highest level in nearly 12 years, prompting bets on earlier interest rate hikes.
Dow Jones was ended down by 1.99 percent, S&P 500 ended lower by 2.15 percent, Nasdaq ended down by 2.67 percent.
Gold fell 1% in choppy trading on Wednesday, en route to snap a five-session-long winning streak, after April’s jump in U.S. consumer prices buoyed the dollar and U.S. Treasury yields, reducing appetite for non-yielding bullion.
Spot gold fell 0.8% to $1,822.91 per ounce by 1:51 p.m. EDT (1751 GMT) after falling up to 1% earlier in the session.U.S. gold futures settled down 0.7% at $1,822.80.
Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand.
Brent futures rose 77 cents, or 1.1%, to settle at $69.32 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 80 cents, or 1.2%, to settle at $66.08.