America’s Roundup: Dollar recovers from earlier fall after US jobless claims data, Wall Street ends mixed, Gold scales 1-month peak, Oil falls as investors look out for more supply-16th July,2021
Europe Roundup: Euro softer after ECB pledged record low rates for longer, European shares gain,Gold little changed, Oil slips but set to end week steady on tight supply-July 23rd,2021
Europe Roundup: Euro gains after upbeat Eurozone GDP data, European shares slip, Gold firms, Oil prices fall, but on track for weekly gain-July 30th,2021
America’s Roundup: Dollar edges lower on dovish Fed tone, mixed economic outlook, Wall Street ends mixed, Gold gains, Oil falls over 3% on concerns over demand and OPEC supply boost-August 3rd,2021
Europe Roundup: Euro gains as dollar dips on dovish Fed, European stocks rises, Gold gains, Oil edges higher on inventory drawdowns-29th July,2021
Europe Roundup: Sterling gains after UK inflation jumps in June,European shares slip, Gold firms, Oil prices fall as China crude import data weighs-July 14th,2021
America’s Roundup: Dollar gains on upbeat U.S. retail sales data, Wall Street falls, Gold slips from one-month peak, Oil drops on rising supply concerns, increase in COVID cases-17th,July 2021
America’s Roundup: Dollar eases from highest level since start of the year , Wall Street ends higher, Gold hits 1-week low, Oil gains over 4% despite rise in U.S. inventories-22nd July ,2021
America’s Roundup: Dollar heads for second weekly rise, Wall Street closes at record highs, Gold dips, Oil edges up in weekly rebound on forecasts for tight supplies-24th July,2021
America’s Roundup: Dollar falls as Fed's Chairman Powell maintains dovish message, Wall Street ends mixed, Gold gains, Oil dips 2% on oversupply fears after OPEC negotiates a deal-July 15th,2021
America’s Roundup : The dollar falls as investors await the outcome of the Fed meeting, Wall Street ends down, Gold firms, Oil prices remain steady as the spread of the virus counters supply bottlenecks-28th July,2021
America’s Roundup: Dollar bounces after U.S. consumer spending rises strongly in June ,Wall Street falls, Gold retreats, Oil climbs, notches fourth monthly gain on growing demand-July 31st,2021
Europe Roundup: Euro dips as investors focus shifts to Thursday's ECB meeting, European shares gain, Gold eases, Oil extends gains despite rise in U.S. inventories-21st July, 2021
Europe Roundup: Euro dips as focus turns to U.S. inflation data, European shares ease, Gold little changed,Oil climbs on expected further draw in crude inventories-July 13th,2021
Europe Roundup: Euro edges higher against greenback ahead of ECB meeting, European stocks gains, Gold eases, Oil prices rise on signs of tightening supplies-22nd July,2021
Europe Roundup: Euro rebounds from 3-1/2 month lows ,European shares falls,Gold hits 1-month peak, Oil prices extend losses on expected supply increase-July 15th,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
• Canada April Manufacturing Sales (MoM) -2.1%,-1.0% forecast, 3.5% previous
• Canada New Motor Vehicle Sales (MoM) 167.0%,173.0% previous
• French 6-Month BTF Auction -0.649%,-0.641% previous
• French 3-Month BTF Auction-0.656%, -0.643% previous
• French 12-Month BTF Auction-0.647% , -0.636% previous
• US 6-Month Bill Auction 0.025%,0.040% previous
• US 3-Month Bill Auction 0.040%, 0.025% previous
Looking Ahead - Economic Data (GMT)
•22:45 New Zealand May FPI (MoM) 1.1% previous
•22:45 Australia House Price Index (QoQ) (Q1) 5.5%,3.0% previous
•04:30 Japan Tertiary Industry Activity Index (MoM) 1.1% previous
Looking Ahead - Economic events and other releases (GMT)
•01:30 Australia RBA Meeting Minutes
EUR/USD: The euro edged higher against dollar on Monday as upbeat Euro zone production data supported euro. Eurozone industrial production was stronger than expected in April, fueled by more than doubling the production of consumer staples year-over-year as economies steadily reopened after the COVID-19 pandemic lockdowns, data showed on Monday. Eurostat reported that industrial production in the 19 countries that use the euro increased by 0.8% month-on-month and 39.3% year-on-year. Immediate resistance can be seen at 1.2134 (38.2%fib), an upside break can trigger rise towards 1.2158 (30DMA).On the downside, immediate support is seen at 1.2099 (50DMA), a break below could take the pair towards 1.2050(23.6% fib).
GBP/USD: Sterling was little changed on Monday after Britain announced delay to end of COVID restrictions, as the government tries to slow a rapid rise in COVID-19 infections. British Prime Minister Boris Johnson on Monday postponed plans to remove most of the remaining COVID-19 restrictions for one month and warned that if he does nothing, the more contagious Delta variant is spreading rapidly , thousands of people may die. That much-anticipated step was pushed back to July 19. Immediate resistance can be seen at 1.4112 (50% fib), an upside break can trigger rise towards 1.4133 (5 DMA).On the downside, immediate support is seen at 1.4061 (38.2%fib), a break below could take the pair towards 1.4000 (Psychological level).
USD/CAD: The loonie rose slightly against its US counterpart on Monday as investors ignored national data on a decline in factory sales and waited for a Federal Reserve policy decision this week, and the loonie bounced back somewhat from the fall on Friday . Canadian factory sales were down 2.1% in April from March, according to Statistics Canada, but sales excluding vehicles and parts rose 1.1%.The Canadian dollar, this year's top performing G10 currency, was trading 0.2% higher at 1.2143 to the greenback. Immediate resistance can be seen at 1.2180 (38.2%fib), an upside break can trigger rise towards 1.2243(50%fib).On the downside, immediate support is seen at 1.2109(9DMA), a break below could take the pair towards 1.2078(23.6%fib).
USD/JPY: The dollar rose against the yen on Monday as traders waited for the highly anticipated Fed meeting later this week, which may herald a change in the outlook for US monetary policy.The Fed begins a scheduled two-day monetary policy meeting on Tuesday. Recent data suggested rising inflation has raised concerns that price pressures following the post-COVID-19 economic reopening could force policymakers to reduce currency depreciating stimulus. Strong resistance can be seen at 110.33 (23.6% fib), an upside break can trigger rise towards 110.57 (April 6th high).On the downside, immediate support is seen at 109.75(38.2%fib), a break below could take the pair towards 109.28 (50% fib).
European stocks closed at a record high on Monday as energy stocks in the oil market rose sharply while expectations for accommodative monetary policy grew despite the global economic recovery accelerating.
UK's benchmark FTSE 100 closed up by 0.18 percent, Germany's Dax ended down by 0.13 percent, France’s CAC finished the day up by 0.24percent.
The S&P 500 and Nasdaq eked out record high finishes on Monday, despite most traders being focused on this week's Federal Reserve meeting and not on adding to existing positions.
Dow Jones closed down by 0.25% percent, S&P 500 closed up by 0.18% percent, Nasdaq settled up by 0.74% percent.
U.S. Treasury yields rose from three-month lows on Monday as investors waited on the Federal Reserve’s meeting statement on Wednesday for new indications on when the U.S. central bank is likely to begin paring back its unprecedented monetary stimulus.
Benchmark 10-year yields rose one basis point on Monday to 1.47%, after falling to a three-month low of 1.43% on Friday.
The price of gold fell as much as 1.7% on Monday as some investors feared that the US Federal Reserve could show a way to reduce its expansionary monetary policy in a two-day meeting this week.
Spot gold fell 0.7% to $1,863.98 per ounce by 1:43 p.m EDT (1743 GMT) after hitting its lowest level since May 17 at $1,848.49. U.S. gold futures settled 0.7% down at $1,865.9.
Oil prices ended unchanged on Monday after hitting their highest level in more than two years as soaring US crude oil production and the UK's delayed reopening of COVID-19 lowered fuel demand growth expectations and tighter supplies.
Brent closed 17 cents at $ 72.86 a barrel; At the start of the session it hit $ 73.64 a barrel, its highest level since April 2019.
West Texas Intermediate fell 3 cents to $ 70.88 a barrel after previously hitting $ 71.78 a barrel, its highest level since October 2018.