America’s Roundup: Dollar drops to three-week lows after inflation data,Wall Street ends mixed, Gold gains, Oil rises 1% after robust China data but J&J vaccine pause weighs-April 14th,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
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 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 hits over 1-week trough, Wall Street ends higher, Gold inches lower, Oil down 5% as rising OPEC+, Iranian output weighs-April 6th,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
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
Europe Roundup: Sterling hits one-week low vs dollar, European stocks pause near record high, Gold falls, Oil prices slip despite stronger economic outlook-April 7th,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 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
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: 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
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
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: 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 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
America’s Roundup: Dollar stabilizes after Powell remarks, S&P 500 closes higher, Gold slid, Oil settles mixed amid post-storm uncertainty, Oil settles mixed amid post-storm uncertainty-February 24th,2021
• US Redbook (MoM) -0.8%, -0.9% previous
• US Redbook (YoY) 2.9%, 4.0% previous
• US Dec House Price Index (MoM) 1.1%, 1.0% previous
• US Dec House Price Index 313.5, 310.1 previous
• US Dec S&P/CS HPI Composite - 20 s.a. (MoM) 1.3%,1.3% forecast, 1.4% previous
• US Dec S&P/CS HPI Composite - 20 n.s.a. (YoY) 10.1%, 9.9% forecast,9.1% previous
• US Feb Richmond Manufacturing Shipments 14, 10 previous
• US Feb CB Consumer Confidence 91.3 ,90.0 forecast, 89.3 previous
• US Feb Dallas Fed Services Revenues 2.6 , 0.8 previous
• US Feb Texas Services Sector Outlook 5.0, -1.2 previous
Looking Ahead - Economic Data (GMT)
•06:00 Australia Wage Price Index (QoQ) (Q4) 0.3% forecast, 0.1% previous
•06:00 Australia Wage Price Index (YoY) (Q4) 1.1%1.4%,1.4% previous
•06:00 Australia Construction Work Done (QoQ) (Q4) 1.0% forecast, -2.6% previous
•06:30 New Zealand RBNZ Interest Rate Decision 0.25% forecast, 0.25% previous
Looking Ahead - Economic events and other releases (GMT)
•06:30 New Zealand RBNZ Monetary Policy Statement
•06:30 New Zealand RBNZ Rate Statement
•06:30 New Zealand RBNZ Press Conference
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro declined against dollar on Tuesday as investors dumped euro, though remarks by Federal Reserve Chair Jerome Powell limited declined . In his testimony to the Senate Banking Committee, Powellpushed back on suggestions that the U.S. central bank's support for the economy risked inflating a dangerous asset bubble. Fears of a potential spike in inflation from a raft of stimulus measures and a rise in bond yields have triggered selloff In euro. Immediate resistance can be seen at 1.2172(50%fib), an upside break can trigger rise towards 1.223 (61.8%fib).On the downside, immediate support is seen at 1.2112(38.2%fib), a break below could take the pair towards 1.2029 (23.6%fib).
GBP/USD: Sterling edged higher against dollar on Tuesday after Prime Minister Boris Johnson set out a schedule for easing lockdown, while British finance minister Rishi Sunak added that more job support would be unveiled next week. The pound has strengthened almost 3% in February against the dollar as traders expect that Britain’s speedy vaccine roll out will help its economy rebound from the biggest contraction in 300 years. Sterling rose to $1.4098 versus the dollar, its highest level since April 2018. It was up last up 0.2% at $1.4082. Immediate resistance can be seen at 1.4075 (23.6%fib), an upside break can trigger rise towards 1.4100(Psychological level).On the downside, immediate support is seen at 1.4024(38.2%fib), a break below could take the pair towards 1.3980 (23.6%fib).
USD/CAD: The Canadian dollar was little changed against the greenback on Tuesday, holding near its strongest level in nearly three years as investors weighed prospects of higher inflation and the Bank of Canada said the rollout of vaccines would boost the economy. The Canadian dollar was trading nearly unchanged at 1.2606 to the greenback, or 79.33 U.S. cents, having traded in a range of 1.2585 to 1.2647. On Monday, the loonie touched its strongest intraday level since April last year at 1.2576. Immediate resistance can be seen at 1.3437(Daily high), an upside break can trigger rise towards 1.3467 (Feb 28th high).On the downside, immediate support is seen at 1.3386 (5 DMA), a break below could take the pair towards 1.3332 (11 DMA).
USD/JPY: The dollar strengthened against the yen on Tuesday after U.S. Federal Reserve chair Jerome Powell pushed back on suggestions that loose monetary policy risked unleashing inflation. The growing likelihood that Congress will pass President Joe Biden’s $1.9 trillion stimulus plan has stoked fears about a possible spike in inflation. As those expectations have risen, so has the popularity of the so-called reflation trade, which this month has pulled the dollar lower.But in testimony before the U.S. Senate Banking Committee, Powell said the central bank would keep its policies in place as it focused attention on getting Americans back to work. Strong resistance can be seen at 105.25 (38.2%fib), an upside break can trigger rise towards 105.68(23.6%fib).On the downside, immediate support is seen at 104.90 (Daily low), a break below could take the pair towards 104.80 (61.8%fib).
European shares ended lower on Tuesday as high sovereign bond yields pressured heavyweight sectors such as technology, while a batch of mixed corporate earnings cast doubt over the pace of a post-COVID-19 recovery.
UK's benchmark FTSE 100 closed up by 0.21% percent, Germany's Dax ended down by 0.61%percent, France’s CAC finished the day up by 0.22%percent.
Wall Street reversed its losses late Tuesday, with the S&P 500 and the Dow reclaiming positive territory by the close in a tug-of-war between stocks that thrived amid lockdowns and those that stand to benefit most from a reopening economy.
Dow Jones was closed up by 0.05 percent, S&P 500 closed up by 0.13 percent, Nasdaq closed down by 0.50% percent.
The benchmark 10-year U.S. Treasury yield fell on Tuesday after Federal Reserve Chairman Jerome Powell said the economy still needed central bank support.
The 10-year note was down 1.4 basis point at 1.3551% in afternoon trading. It touched a high of 1.389% early Tuesday before Powell testified at a U.S. Senate Banking Committee hearing in Washington.
Gold slid as the dollar rebounded from six-week lows, with other precious metals joining the slide. But a degree of angst was reflected in Cboe’s market volatility index, up 6.9% and touching multi-week highs.
Oil prices settled near year-long highs on Tuesday on signs that global coronavirus restrictions were being eased, although concerns about the pace of a U.S. economic recovery and the return of Texas oil production kept gains in check.
U.S. crude settled down 3 cents to $61.67 a barrel, still close to its highest levels since January 2020. Brent crude settled up 13 cents, or 0.2%, to $65.37 a barrel.