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
Europe Roundup: Euro holds above $1.20 against dollar, Europe shares ease, Gold gains, Oil hits $68 on Libya force majeure despite pandemic surge-April 20th,2021
Europe Roundup: Euro edges higher against dollar after Euro zone factory activity jumps, European shares gain, Gold rises, Oil up as OPEC+ meets to decide on production policy-April 1st,2021
America’s Roundup: Dollar retreats as profit-taking, Wall Street ends lower, Gold scales over 1-week peak, Oil gains over 1% on strong U.S., China economic data-April 7th,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 weakens after German investor morale falls in April, European shares pause near record high, Gold slips to one-week low, Oil prices tick up after robust China data-April 13th 2021
America’s Roundup: Greenback hits 4-week low on retreating US Treasury yields, Wall Street ends higher, Gold gains, Oil dips but posts weekly gain on recovery hopes-April 17th,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: 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 recovers against dollar, European stocks ease, Gold slips, Oil rises but remains rangebound as COVID-19 cases soar-April 12th,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 falls as U.S. weekly jobless claims rise unexpectedly,Wall Street advances, Gold firms near 1-month peak, Oil flat as weaker dollar offsets surge in U.S. gasoline stocks-April 9th,2021
Europe Roundup: Pound gains versus dollar,driven by UK outperformance on vaccine rollout, Gold eases, Oil drops below $64 as rising OPEC+, Iranian output weighs-April 5th,2021
America’s Roundup: Dollar slides ahead of U.S. payrolls data, Wall Street gains, Gold rises, Oil rises as OPEC+ decides on production policy-April 2nd, 2021
Europe Roundup: Sterling edges higher as Britain gets ready for April re-opening ,European stocks flat ,Gold little changed, Oil falls on OPEC+ concerns over slow demand recovery-March 31st,2021
America’s Roundup: Dollar edges higher from recent lows, Wall Street slides, Gold gains, Oil drops on demand fears as Covid-19 infections floods in India-April 21st ,2021
America’s Roundup: Dollar rises to one-month high, Wall Street retreats, Gold rebounds, Oil steady before OPEC+ talks on supply amid economic recovery-March 3rd,2021
•Canada GDP (QoQ) (Q4) 2.3%, 8.9% previous
•Canada GDP (YoY) (Q4) -3.23%,-5.16% previous
•Canada GDP Annualized (QoQ) (Q4) 9.6%, 7.5% forecast, 40.5% previous
• Canada GDP Implicit Price (QoQ) (Q4) 1.10%, 2.60% previous
• Canada Dec GDP (MoM) 0.1%,0.3% forecast, 0.7% previous
•US Redbook (YoY) 4.6%, 2.9% previous
•US Redbook (MoM) -0.3%, -0.8% previous
•New Zealand GlobalDairyTrade Price Index 15.0% ,3.0% previous
•US Feb ISM NY Business Conditions 35.5%, 51.2% previous
•US Feb ISM-New York Index 810.0,818.2 previous
Looking Ahead - Economic data (GMT)
•21:30 Australia Feb AIG Construction Index 57.6 previous
•21:45 New Zealand Jan Building Consents (MoM) 4.9% previous
•23:00 New Zealand Services PMI 54.1 previous
•00:30 Japan Feb Services PMI 46.1 previous
•00:30 Australia GDP (QoQ) (Q4) 2.5% forecast, 3.3% previous
•00:30 Australia GDP (YoY) (Q4) -1.8% forecast, -3.8% previous
•01:45 China Feb Caixin Services PMI 52.0 previous
•01:45 China Feb Chinese Composite PMI 52.8 previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro declined against dollar on Tuesday as comments from European Central Bank officals over rises in bond yields weighed on Euro. President Christine Lagarde said the ECB will prevent a premature increase in borrowing costs for firms and households. Policymaker Francois Villeroy de Galhau was even more explicit, saying some of the recent rises in bond yields were unwarranted and that the ECB must push back using the flexibility embedded in its bond purchase programme. Traders were quick to sense the marked difference in tone between the ECB and the Federal Reserve. Immediate resistance can be seen at 1.2051 (Daily high), an upside break can trigger rise towards 1.2101(50%fib).On the downside, immediate support is seen at 1.1989 (Lower BB), a break below could take the pair towards 1.1924 (23.6%fib).
GBP/USD: Sterling declined against the dollar on Tuesday as the strengthening U.S. currency put a brake on gains that had taken the pound to 2-1/2-year highs last week. The pound has so far been the best performing G10 currency in 2021, up 1.65% against the dollar, although its lead over other currencies is diminishing. Immediate resistance can be seen at 1.4042 (23.6%fib), an upside break can trigger rise towards 1.4100 (Psychological level).On the downside, immediate support is seen at 1.3912 (38.2%fib), a break below could take the pair towards 1.3810(50%fib).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Tuesday, adding to the previous day's rally as oil prices rose and domestic data showed faster-than-expected economic growth. Canada’s economy grew at an annualized rate of 9.6% in the fourth quarter, beating analyst expectations of 7.5%, Statistics Canada data showed on Tuesday, with GDP expected to climb 0.5% in January. The price of oil, one of Canada's major exports, rose before this week's OPEC+ meeting where producers are expected to ease supply curbs as economies start to slowly recover from the coronavirus crisis. Immediate resistance can be seen at 1.2665(21DMA), an upside break can trigger rise towards 1.2743(38.2%fib).On the downside, immediate support is seen at 1.2588 (23.6%fib), a break below could take the pair towards 1.2464(25th Feb low).
USD/JPY: The dollar rose against the Japanese yen on Tuesday as optimism over the economic stimulus and promising updates on COVID-19 vaccines lifted demand for dollar. The U.S. House of Representatives approved President Joe Biden’s $1.9 trillion coronavirus relief bill early on Saturday, sending it to the Senate for consideration. The U.S. dollar index was up 0.3% against a basket of currencies to stand at 91.32. Strong resistance can be seen at 107.06 (23.6%fib), an upside break can trigger rise towards 107.56 (20th July 2020 High).On the downside, immediate support is seen at 106.52 (38.2%fib), a break below could take the pair towards 106.15 (50%fib).
Europe’s benchmark stock index edged higher on Tuesday as stability in the bond market gave stocks some breathing room, with major commodity-linked stocks reversing losses on a turnabout in oil and metal prices.
UK's benchmark FTSE 100 closed up by 0.38 percent, Germany's Dax ended up by 0.19 percent, France’s CAC finished the day up by 0.29 percent.
U.S. stock index futures retreated on Tuesday after Wall Street’s strong start to March as investors closely monitored the bond market as well as progress on the next round of fiscal stimulus.
(At 19:13) Dow Jones was last down by 0.13% percent, S&P 500 was down by 0.30% percent, Nasdaq was down by 1.06% percent.
Gold prices rose on Tuesday, inching away from a more than eight-month low, as a retreat in the dollar and U.S. Treasury yields lifted demand for the safe-haven metal.
Spot gold was up 0.8% at $1,737.62 per ounce by 1237 a.m. ET (1737 GMT), after falling to $1,706.70 earlier in the session, its lowest since June 15.
Oil prices were little changed on Tuesday before this week’s OPEC+ meeting, with producers in the group expected to ease supply curbs as economies start to recover from the coronavirus crisis.
Brent futures rose 19 cents, or 0.3%, to $63.88 a barrel by 12:49 p.m. EST (1749 GMT). U.S. West Texas Intermediate (WTI) crude rose 26 cents, or 0.4%, to $60.90.