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
America’s Roundup: Dollar rise as Fed officials downplay inflation concerns, Wall Street ends lower, Gold eases, Oil settles higher on stronger demand outlook as U.S inventories fall-May 27th,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 as dovish ECB comments weighs, European shares near record high, Oil steady as Iranian supply prospect offsets demand optimism-May 26th,2021
America’s Roundup: Dollar steadies as investors wait for information on Fed policy, Wall ends mixed, Gold slips, Oil marches to multi-year highs as economies reopen-June 15th,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
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
America’s Roundup: Dollar little changed as traders seek direction from data, Wall Street gains, Gold gains modestly, Oil hits over 1-year high-June 3rd,2021-June 3rd,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
America’s Roundup: Dollar almost unchanged as attention shifts to upcoming US data, ECB meeting, U.S. stocks end lower, Gold range-bound, Oil steadies amid weak summer kickoff for U.S. fuel demand-June 10th,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
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 gains as currency investors seek aggressive central banks, Wall Street little changed, Gold slips, Oil hits multi-year highs-June 12th,2021
Europe Roundup: Sterling rebounds from 10-day low against greenback, European shares hover below highs, Gold steadies below $1,900, Oil prices fall on fears that Iran may resume supply-May 27th,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 vs major currencies ahead of Fed meeting, Gold firms, Wall Street ends higher,Oil falls on India's COVID rise; OPEC+ limits drop-April 27th,2021
• US Feb Average Hourly Earnings (YoY) 3.0%,forecast, 3.1% previous
• US Feb Average Hourly Earnings (MoM) 0.3%,0.3%forecast, 0.2% previous
• US Feb Average Weekly Hours 34.4, 34.3 forecast, 34.3 previous
• US Exports208.60B,209.60B previous
• US Imports 253.90B, 258.50B previous
• US Feb Manufacturing Payrolls15K, -3K forecast, -12K previous
• US Feb Nonfarm Payrolls 273K,175K forecast, 225K previous
• US Feb Participation Rate63.4%, 63.4% previous
• US Feb Private Nonfarm Payrolls 228K, 160K, 206K previous
• US Feb U6 Unemployment Rate 7.0%,6.9% previous
• US Jan Trade Balance-45.30B, -46.10B forecast, -48.90B previous
• US Feb Unemployment Rate3.5%, 3.6% forecast, 3.6% previous
• Canada Feb Employment Change 30.3K, 10.0K forecast, 34.5K previous
• Canada Jan Exports 48.14B, 50.10B forecast, 49.32B previous
• Canada Jan Trade Balance-1.47B, -0.83B forecast, -0.40B previous
• Canada Feb Ivey PMI 54.1, 57.3 previous
Looking Ahead - Economic Data (GMT)
• No data ahead
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro roared past $1.13 on Friday, as a dramatic collapse in U.S. government bond yields sent the dollar on course for its worst week since 2016. The euro last stood at $1.1340, its strongest since August. Investors have slashed their expectations for U.S. interest rates following an emergency Federal Reserve 50 basis point cut this week. That is wiping away the yield advantage that had fuelled one of the popular carry trades globally borrowing at negative rates in the euro and yen to buy U.S. assets. Immediate resistance can be seen at 1.1340 (Daily high), an upside break can trigger rise towards 1.1400 (Psychological level).On the downside, immediate support is seen at 1.1199 (5 DMA), a break below could take the pair towards 1.1156 (300 DMA).
GBP/USD: Sterling rose against dollar on Friday, as comments from the European Union’s Brexit chief negotiator that a trade deal between Britain and the bloc was still possible this year boosted British pound.EU negotiator Michel Barnier said the two had “very serious” differences about their future relationship, but a deal remained possible. Sterling against the dollar was on course for its best week since mid-December. Sterling was last trading up 0.3% at $1.3048.Imediate resistance can be seen at 1.3080 (Higher BB), an upside break can trigger rise towards 1.3100 (Psychological level).On the downside,strong support is seen at 1.2927 (21 DMA), a break below could take the pair towards 1.2883 (9 DMA).
USD/CAD: The Canadian dollar weakened on Friday against its U.S. counterpart, while government bond yields tumbled as concerns about the economic impact of the spreading coronavirus grew, even after data showed Canada’s employers added more jobs in February than expected. Data showed Canada’s economy gained a net 30,300 jobs in February, entirely in full-time work, Statistics Canada said on Friday. The jobless rate edged up to 5.6%.U.S. employers added 273,000 jobs in the month with the jobless rate falling back to near a 50-year low of 3.5%. Immediate resistance can be seen at 1.3445 (Higher BB), an upside break can trigger rise towards 1.3500 (Psychological level).On the downside, immediate support is seen at 1.3382 (5 DMA), a break below could take the pair towards 1.3346 (11 DMA).
USD/JPY: The dollar declined against the Japanese yen on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets, overshadowing data highlighting a strong U.S. labor market. The number of people infected with the new coronavirus across the world surpassed 100,000 on Friday as its economic toll intensified, with business districts beginning to empty and companies bracing for slower sales.A U.S. jobs report showed employers maintained a robust pace of hiring in February, driving solid wage growth and the unemployment rate to fall back to near a 50-year low of 3.5%. Strong resistance can be seen at 106.33 (Daily high), an upside break can trigger rise towards 106.89 (5 DMA).On the downside, immediate support is seen at 104.96 (Daily low), a break below could take the pair towards 104.41 (Aug 24th 2019 low).
European shares plummeted on Friday amid widespread fears of the coronavirus hampering business activity, with oil and gas stocks bearing the brunt of losses after steep declines in crude prices..
UK's benchmark FTSE 100 closed up by 1.13 percent, Germany's Dax ended down by 0.27 percent, France’s CAC finished the day up by 0.44 percent.
U.S. stocks bounced back from recent losses on Monday, as the focus turned to assurances of central bank stimulus to counter the economic fallout from the coronavirus outbreak.
Dow Jones closed down by 0.98% percent, S&P 500 closed down by 1.71% percent, Nasdaq settled down by 1.87% percent.
Yields on long-dated U.S. Treasury bonds fell to record lows on Friday as concern that the coronavirus outbreak will hammer the world economy sent investors fleeing to assets seen as safe havens in turbulent times.
The 10-year Treasury yield fell to a record low of 0.695% and was last down 16 basis points (bps) on the day.
The 30-year Treasury yield dropped more than 20 bps to a record low of 1.28%. It was on course for its biggest daily fall since late 2011 during the depths of the euro zone sovereign debt crisis.
Gold prices swung more than 1% on Friday, sliding from a seven-year high as investors sold the precious metal to cover margin calls as the rapid spread of the coronavirus hammered equity markets.
Spot gold was up 0.1% at $1,671.24 per ounce by 1:58 p.m. EST (1858 GMT). U.S. gold futures settled 0.3% higher $1,672.40.
Oil prices tanked over 8% on Friday and hit their lowest since mid-2017 after Russia balked at OPEC’s proposed steep production cuts to stabilize prices as the coronavirus outbreak slows the global economy and hurts energy demand.
Brent futures fell $4.08, or 8.2%, to $45.91 a barrel by 12:22 p.m. EST (1722 GMT), while U.S. West Texas Intermediate crude fell $3.80, or 8.3%, to $42.10 per barrel.