America’s Roundup: Dollar gains as U.S. yields rise before ECB meeting, Wall Street falls, Gold retreats, Oil slides on demand concerns-September 8th,2021
America’s Roundup: Dollar softens after ADP data, Wall Street ends mixed,Gold little changed, Oil steadies, OPEC+ sticks to gradual output hikes-September 2nd,2021
Europe Roundup; Sterling steadies near 5-week highs against dollar, European shares dips,Gold little changed, Oil hits 6-week high as U.S. Gulf braces for another hurricane-September 14th,2021
Europe Roundup: Euro near 1-month peak versus dollar , European stocks edge higher, Gold firms, Oil rises on declining inventories and weaker dollar-September 2nd,2021
Europe Roundup: Sterling steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
Europe Roundup: Sterling slips ahead of vote on new UK tax, European stocks fall, Gold edge higher, Oil climbs on slow U.S. supply return after Hurricane Ida-September 8th,2021
Europe Roundup: Sterling on the back foot amid UK recovery worries, Gold edges up, Oil at one-week high as U.S. supply concerns dominate-September 13th,2021
Europe Roundup: Sterling edges up after UK inflation jump, European stocks slip, Gold eases, Oil prices climb after drawdown in U.S. stocks-September 15th,2021
Europe Roundup: Sterling dips for second day against dollar,European stocks slip, Gold slips, Oil mixed, fears of slower demand weigh on sentiment-September 7th,2021
America’s Roundup: Dollar extends gains, Wall Street ends lower, Gold hits two-week low, Oil settles up 1% on low U.S. output after hurricane, Oil settles up 1% on low U.S. output after hurricane-September 9th,2021
Europe Roundup: Euro dips as safety flows extend dollar rally ahead of Fed, European shares slide,Gold little changed, Oil falls below $75 on risk-averse mood, U.S. Gulf output-September 20th,2021
Europe Roundup: Euro steadies against dollar as investors eye German inflation data, European stocks gains, Gold prices ease, Oil drops as Hurricane Ida weakens, OPEC in focus-August 30th,2021
America’s Roundup: Dollar skids as soft U.S. inflation weighs, Wall Street ends higher, Gold retreats, Oil prices jump over $2/bbl after drawdown in U.S. stocks-September 16th,2021
America’s Roundup: Dollar dips on weak U.S. jobs growth, Wall Street mixed, Gold climbs, Oil slips as COVID variant weighs on U.S. jobs-September 4th,2021
Europe Roundup:Sterling hits two-week high against dollar, European stocks gain,Gold rises, Oil dips on hurricane impact on U.S. refining, weak China data-August 31st,,2021
America’s Roundup: Dollar hits three-week high, driven by recent data ,Wall Street slips, Gold edges lower, Oil falls as storm-hit U.S. supply trickles back into market-September 18th,2021
America’s Roundup: Dollar sluggish at 1-month low on bets of a dovish Fed, Wall Street rises to record peak Gold jumps over 1%, Oil settles up as U.S. supplies tighten more-July 30th,2021,
• U.S. Q2 advance GDP lower than expected
• U.S. initial jobless claims were higher than forecast
• US Continuing Jobless Claims 3,269K, 3,196K forecast, 3,236K previous
•US Jobless Claims 4-Week Avg 394.50K,385.25K previous
•US Initial Jobless Claims 400K, 380K forecast, 419K previous
•US GDP Price Index (QoQ) (Q2) 6.1%,5.4% forecast, 4.3% previous
•US Core PCE Prices (Q2) 6.10%, 5.90% forecast, 2.50% previous
•US GDP (QoQ) (Q2) 7.7%,8.5% forecast, 6.4% previous
•US Jun Pending Home Sales (MoM) -1.9%,0.3% forecast, 8.0% previous
•US Jun Pending Home Sales Index 112.8, 114.7 previous
•US Natural Gas Storage 36B, 43B forecast, 49B previous
Looking Ahead –Economic Data (GMT)
• 23:30 Japan Jun Jobs/applications ratio 1.10 forecast, 1.09 previous
• 23:30 Japan Jun Unemployment Rate 3.0% forecast, 3.0% previous
• 23:50 Japan Jun Retail Sales (YoY) 0.2% forecast, 8.3% previous
• 23:50 Japan Jun Industrial Production (MoM) 5.0%forecast,-6.5% previous
• 01:30 Australia PPI (YoY) (Q2) 0.2% previous
• 01:30 Australia Jun Private Sector Credit (MoM) 0.4% previous
• 01:30 Australia PPI (QoQ) (Q2) 0.4% previous
• 01:30 Australia Jun Housing Credit 0.6% previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro rose against dollar on Thursday as euro was boosted jump in German’s inflation. Germany’s annual consumer price inflation accelerated by more than expected in July, rising further above the European Central Bank’s target of close to but below 2%, the Federal Statistics Office said on Thursday. Germany’s inflation rose by 3.1% in July, compared with 2.1% in June. The July figure compared with a consensus forecast for a reading of 2.9%. The euro gained 0.35% against the dollar, to 1.1885.Immediate resistance can be seen at 1.1895(50%fib), an upside break can trigger rise towards 1.1940 (61.8%fib).On the downside, immediate support is seen at 1.1838 (38.2% fib), a break below could take the pair towards 1.1767(23.6%fib).
GBP/USD: The pound hit its highest in over a month against the dollar on Thursday, as gains were driven by a fall in coronavirus cases in Britain. Although COVID-19 infection numbers in Britain rose again on Wednesday for the first time in a week compared with the previous day, they were still lower week on week and there was little reaction from the pound. By 19:50 GMT, sterling was 0.12% higher on the day at $1.3969, having hit its highest since June 24 against the dollar. Immediate resistance can be seen at 1.3963(Higher BB),an upside break can trigger rise towards 1.4004 (23.6%fib).On the downside, immediate support is seen at 1.3891 (38.2%fib), a break below could take the pair towards 1.3860(5DMA).
USD/CAD :The Canadian dollar touched a two-week high against its broadly weaker U.S. counterpart on Thursday, as the Federal Reserve remained patient about reducing stimulus and the Bank of Canada reassured Canadians it would keep inflation under control. U.S. crude prices were up 0.7% at $72.87 a barrel, while the Canadian dollar gained 0.5% to 1.2432 per greenback,. It touched its strongest intraday level since July 14 at 1.2432 .Immediate resistance can be seen at 1.2484 (38.2%fib), an upside break can trigger rise towards 1.2517 (5DMA).On the downside, immediate support is seen at 1.2425 (50%fib), a break below could take the pair towards 1.2370 (61.8%fib).
USD/JPY: The dollar declined against the Japanese yen on Thursday, a day after the U.S. Federal Reserve's reassurance that interest rate hikes remain distant helped put the brakes on the U.S. currency. Data on Thursday showed that while the U.S. economy grew solidly in the second quarter, boosted by massive government aid, growth fell short of economists' expectations. Gross domestic product increased at a 6.5% annualised rate last quarter, the Commerce Department said on Thursday. Strong resistance can be seen at 109.57(50%fib), an upside break can trigger rise towards 109.80 (5DMA).On the downside, immediate support is seen at 109.28 (Lower BB), a break below could take the pair towards 109.15(38.2%fib).
European stocks hit all-time highs on Thursday after strong earnings from commodity majors, Airbus and a clutch of other companies, while data showing record high euro zone economic sentiment in July added to the positive mood.
UK's benchmark FTSE 100 closed up by 0.88 percent, Germany's Dax ended up by 0.45 percent, France’s CAC finished the day up by 0.37 percent.
U.S. shares bounded to record highs on Thursday helped by strong company earnings and solid economic growth data, though the Federal Reserve’s message earlier this week that it is in no hurry to taper stimulus pinned the dollar at a one-month low.
Dow Jones closed up by 0.44 percent, S&P 500 closed up by 0.42 percent, Nasdaq settled up by 0.11 % percent.
U.S. Treasury yields inched higher on Thursday, but were below their peaks for the day, after a soft 7-year note auction added to the positive risk tone which persisted all day despite weaker-than expected U.S. data.
In late afternoon trading, the U.S. 10-year Treasury yield was up a little at 1.267%.U.S. 30-year yields were little changed at 1.913% from Wednesday's 1.911%.
Gold jumped more than 1% on Thursday as investors cheered U.S. Federal Reserve Chairman Jerome Powell’s comments suggesting the central bank was unlikely to hike rates anytime soon.
Spot gold was 1.3% higher at $1,830.11 per ounce by 2:19 pm EDT (1819 GMT), having hit its highest since July 15 at $1,832.40.U.S. gold futures settled 1.8% higher at $1,831.2 per ounce.
Oil prices rose on Thursday, with global benchmark Brent topping $76 a barrel, as supplies in the United States tightened further after shrinking to the smallest levels since January 2020.
Brent crude oil futures settled up $1.31 a barrel, or 1.75% at $76.05 a barrel. U.S. West Texas Intermediate (WTI) crude oil futures settled up $1.23, or 1.7% at $73.62 a barrel.