America’s Roundup: Dollar edges higher on strong data, despite lower yields,Wall Street gains, Oil edges up to fresh 4-week highs as demand outlook improves-April 16th,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
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
America’s Roundup: Dollar rises as minutes shows Fed committed to supporting economic recovery, Gold edges lower, Oil up on global economic recovery, but high U.S. gasoline stocks weigh-April 8th,2021
America’s Roundup: Dollar at three-week lows as Treasury yields subdued, Wall Street ends mixed, Gold falls, Oil climbs nearly 5% on signs of increasing crude demand-April 15th,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: 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 gains versus weaker dollar, European shares rises, Gold gains, Oil rises , sets out for weekly gains on demand hopes-16th April ,2021
Europe Roundup: Sterling steadies versus dollar after hard profit-taking knock, European shares gain, Gold hits 3-week peak, Oil falls on surge in U.S. gasoline stocks-April 8th,2021
America’s Roundup: Dollar drops as traders prepare for inflation data, Wall Street ends mixed, Gold slips, Oil rises on U.S. vaccine rollout, Middle East tension-April 13th,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 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
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 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
America’s Roundup: Dollar edges up as inflation data helps lift Treasury yields, Wall Street gains, Gold slips, Oil falls, ends week about 2% lower on supply increase, new lockdowns-April 10th,2021
America’s Roundup: Dollar index jumps to four-month peak, Wall Street dips, Gold slides 2%,Oil falls as Suez Canal reopens, dollar rallies; eyes on OPEC+ meeting-March 31st,2021
America’s Roundup: Dollar rises as U.S. jobs growth beats expectations, Wall Street rises, Gold holds near 9-month low, Oil surges after OPEC+ extends cuts, strong U.S. jobs growth-March 6th,2021
• US Feb Average Hourly Earnings (YoY) 5.3%, 5.3% forecast, 5.4% previous
• US Feb Average Hourly Earnings (MoM) 0.2%, 0.2% forecast , 0.2% previous
• US Feb Average Weekly Hours 34.6, 34.9 forecast,35.0 previous
• US Exports 191.90B,184.20B previous
• US Imports 260.20B,252.30B previous
• US Feb Manufacturing Payrolls 21K,18K forecast , -10K previous
• US Feb Nonfarm Payrolls 379K, 182K forecast, 49K previous
• US Feb Participation Rate 61.4%,61.4% previous
• US Feb Private Nonfarm Payrolls 465K, 210K forecast, 6K previous
• US Feb U6 Unemployment Rate11.1%,11.1% previous
• US Jan Trade Balance -67.50B forecast, -66.60B previous
• US Feb Unemployment Rate 6.3% forecast, 6.3% previous
• Canada Jan Exports 51.19B,47.32B previous
• Canada Feb Ivey PMI 60.0,48.4 previous
• US Federal Budget -430.0B previous
• US Jan Consumer Credit 12.00B forecast, 9.73B previous
Looking Ahead - Economic Data (GMT)
•No data ahead
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro declined against dollar on Friday after data showed jobs growth beat expectations in February, backing up the view of Federal Reserve officials who have said that a recent rise in U.S. government bond yields is justified by an improving economic outlook. Nonfarm payrolls surged by 379,000 jobs last month, after rising 166,000 in January. In December, payrolls fell for the first time in eight months. Immediate resistance can be seen at 1.1982 (Daily high), an upside break can trigger rise towards 1.986 (38.2%fib).On the downside, immediate support is seen at 1.1895 (23.6%fib), a break below could take the pair towards 1.1800 (Psychological level).
GBP/USD: The British pound lost ground against a resurgent dollar on Friday, as currency traders took some risk off the table amid rising U.S. bond yields.U.S. Federal Reserve Chair Jerome Powell failed to soothe investor concerns about a recent surge in borrowing costs as he spoke at a Wall Street Journal forum on Thursday, pushing the safe-haven dollar higher. Sterling fell to a three-week low against the dollar, briefly dropping below $1.38. It was last down 0.6% at $1.3834. Immediate resistance can be seen at 1.3916 (23.6%fib), an upside break can trigger rise towards 1.4000(Psychological level).On the downside, immediate support is seen at 1.3799 (38.2%fib), a break below could take the pair towards 1.3710 (50%fib).
USD/CAD: The Canadian dollar edged higher against its broadly stronger U.S. counterpart on Friday, clawing back its earlier decline as oil prices climbed and data showed Canada's first trade surplus since May 2019.Canada posted a surprise trade surplus of C$1.4 billion in January, mostly on a sharp increase in exports, Statistics Canada said. Analysts had predicted a C$1.4 billion deficit. The price of oil, one of Canada's major exports, jumped after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. U.S. crude prices were up 2.7% at $65.55 a barrel. Immediate resistance can be seen at 1.2737 (Daily high), an upside break can trigger rise towards 1.2781 (38.2%fib).On the downside, immediate support is seen at 1.2634 (23.6%fib), a break below could take the pair towards 1.2570(Daily low).
USD/JPY: The dollar rose to hit nine month high against the Japanese yen on Friday after data showed the United States added more jobs than expected in February and Federal Reserve Chair Jerome Powell expressed no concern about a sell-off in bonds. The Labor Department’s closely watched employment report on Friday showed at least 4.1 million Americans have been out of work for more than six months, accounting for 41.5% of the unemployed population in February. Another 3.5 million have permanently lost their jobs.The dollar reached a nine-month high of 108.63 yen , gaining 0.5% against the Japanese currency. Strong resistance can be seen at 108.48 (38.2% fib), an upside break can trigger rise towards 108.93 (23.6%fib).On the downside, immediate support is seen at 107.97(50%fib), a break below could take the pair towards 107.45 (61.8%fib).
Rising U.S. bond yields put European equities under pressure again on Friday after Federal Reserve Chair Jerome Powell’s remarks failed to soothe investor concerns about a recent surge in borrowing costs.
UK's benchmark FTSE 100 closed down by 0.31 percent, Germany's Dax ended down by 0.97 percent, France’s CAC finished the day down by 0.82 percent.
Wall Street’s rose sharply higher on Friday after data showed faster-than-expected jobs growth in February, reinforcing bets on an economic rebound driven by massive fiscal stimulus and vaccination drives..
Dow Jones was last down by 1.13 % percent, S&P 500 was last down by 0.99 % percent, Nasdaq was last down by 0..32% percent.
Yields on benchmark 10-year notes rose above 1.62% for the first time in a year, and were last at 1.5940%. Two-year Treasury yields rose to 0.1507%
Oil surges after OPEC+ extends cuts, strong U.S. jobs growth
Oil prices jumped about 3% on Friday, hitting their highest levels in over a year, following a stronger-than-expected U.S. jobs report and decision by OPEC and its allies not to increase supply in April.
Brent futures rose $2.10, or 3.2%, to $68.84 a barrel by 11:25 a.m. EST (1625 GMT). Earlier in the session, the global benchmark hit its highest since January 2020.
U.S. West Texas Intermediate (WTI) crude rose $1.87, or 2.9%, to $65.70 per barrel, after earlier scaling its highest since April 2019.
Gold fell to its lowest in nine months on Friday after better-than-expected U.S. employment data bolstered the dollar and U.S. Treasury yields, putting bullion on course for its third straight weekly decline.
Spot gold was down 0.1% at $1,695.22 by 11:50 a.m. ET (1650 GMT), after falling to its lowest since June 8 at $1,686.40 in the session. It has fallen nearly 2% this week. U.S. gold futures slipped 0.4% to $1,693.10.