Europe Roundup: Euro edges higher after German factory orders data, European stocks hover near record levels, Gold slips, Oil rises on Mideast tensions but virus concerns weigh-August 5th,2021
America’s Roundup: U.S. dollar inches higher to three-month peak,Wall Street gains, Gold little changed, Oil rebounds as market seizes on discounted prices-July 21st,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 bounces back from weak private employment report, Wall Street closes mixed, Gold gives up earlier gains, Oil falls on U.S. crude stock build, Delta variant spread-August 5th,2021
America’s Roundup: U.S. dollar advances as Delta variant dampens risk appetite, Wall Street slips, Gold eases, Oil slumps as OPEC agrees output boost-July 20th,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: Sterling dips against greenback, heads for worst week in a month, European shares rise, Gold slips, Oil up, but on track for biggest weekly drop in months-July 16th,2021
America’s Roundup: Dollar edges lower ahead of Fed meeting, Wall Street gains, Gold eases ,Oil steadies in undersupplied market but coronavirus cases weigh-27th 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 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: Sterling edges up as UK COVID infections dips, European stocks dips, Gold rises, Oil falls $1 as coronavirus, slower China imports hit demand-26th July,2021
America’s Roundup: Dollar falls as Fed talks about tapering but sets no timeline, Wall Street ends mixed,Gol
Europe Roundup: Sterling edges higher against dollar on optimistic view about UK COVID-19 outlook, European shares gain,Gold little changed, Oil rises as markets expect continuous fall of inventories-August 3rd,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 dips against dollar as markets await cues from Fed meet, European shares falls, Gold little changed, Oil steadies as supply shortages outweigh the spread of the virus-27th July,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
America’s Roundup: U.S. dollar advances to two-month peak, Wall Street ends lower,Gold slips over 2%, Oil falls from multi-year high on stronger dollar-June 18th,2021
•Canada Apr Foreign Securities Purchases by Canadians 18.63B ,21.22B previous
•Canada Apr Foreign Securities Purchases 9.95B ,3.25B previous
•US June Philly Fed Business Conditions 69.2 ,52.7 previous
•US June Philly Fed New Orders 22.2, 32.5 previous
•US June Philadelphia Fed Manufacturing Index 30.7, 31.0forecast, 31.5 previous
•US June Philly Fed Prices Paid 80.70,76.80 previous
•US June Philly Fed Employment 30.7,19.3 previous
•US June Philly Fed CAPEX Index 40.40 ,37.40 previous
•Canada ADP Nonfarm Employment Change 101.6K ,351.3K previous
•US Initial Jobless Claims 412K, 359K forecast, 376K previous
•US Continuing Jobless Claims 3,518K,3,430K forecast, 3,499K previous
•US Jobless Claims 4-Week Avg 395.00K ,402.50K previous
•Russia Central Bank reserves (USD) 604.8B,605.2B previous
•US May Leading Index (MoM) 1.3% ,1.3% forecast, 1.6% previous
•US Natural Gas Storage 16B ,72B, 98B previous
Looking Ahead - Economic Data (GMT)
•23:30 Japan May CPI, n.s.a (MoM) -0.3% previous
•23:30 Japan May National Core CPI (YoY) 0.1% forecast, -0.1% previous
•23:30 Japan May National CPI (YoY) -0.4% previous
•23:30 Japan May National CPI (MoM) -0.4% previous
Looking Ahead - Economic events and other releases (GMT)
•03:00 Japan BoJ Monetary Policy Statement
•03:00 Japan BoJ Press Conference
EUR/USD: The euro declined on Thursday as dollar continued to advance , hitting its highest level in more than two months after the Federal Reserve surprised markets by signaling that it would hike rates and stop buying bonds sooner than expected. After posting its biggest daily gain since March 2020 on Wednesday, the dollar held steady during Thursday's Asian session and then added gains as European markets opened. The euro dropped versus the dollar, with euro-dollar changing hands at a two-month low of $1.1929. Immediate resistance can be seen at 1.1992(200DMA), an upside break can trigger rise towards 1.2051 (50%fib).On the downside, immediate support is seen at 1.1888 (Daily low), a break below could take the pair towards 1.1845 (23.6% fib).
GBP/USD: The pound fell below $1.40 against the U.S. dollar on Thursday as the market reacted to an unexpectedly aggressive move by the Federal Reserve, which boosted the U.S. dollar against other major currencies. Federal Reserve officials said on Wednesday that they will raise interest rates early and stop buying emergency bonds. This led to a rise in US Treasuries and a fall in the equities. The pound was down 0.01% against the dollar, at $1.3922 at 21:40 GMT.Immediate resistance can be seen at 1.3932 (38.2% fib), an upside break can trigger rise towards 1.3985(50%fib).On the downside, immediate support is seen at 1.3894(Daily low), a break below could take the pair towards 1.3868 (23.6%fib).
USD/CAD: The loonie fell to a seven-week low on Thursday against its stronger US counterpart after hawkish shift in Federal Reserve guidance surprised investors. The dollar surged against a basket of major currencies to its highest level in more than two months after the Federal Reserve announced it would hike interest rates and end its emergency bond purchases earlier than expected. The loonie traded 0.4% lower at 1.2326 versus the greenback, adding to the Tuesday and Wednesday declines. It reached its weakest point since May 4 at 1.2346 .Immediate resistance can be seen at 1.2381 (Daily high), an upside break can trigger rise towards 1.2406 (23.6%fib).On the downside, immediate support is seen at 1.2341 (38.2%fib), a break below could take the pair towards 1.2300 (50%fib).
USD/JPY: The dollar gave up ground against the yen on Thursday as investors awaited BOJ meeting. The Bank of Japan is expected to maintain its stimulus and may extend the deadline for Friday's pandemic plan, indicating that the fragile economy and moderate inflation will prevent any deviation in its ultralight policy. The decision would come in the wake of hawkish signals from the U.S. Federal Reserve on Wednesday that heightened prospects of an earlier-than-expected interest rate hike. At 21:35 GMT, the dollar was 0.06 percent up versus the Japanese yen at 110.23 .Strong resistance can be seen at 110.82 (Daily high), an upside break can trigger rise towards 111.07 (April 6th high).On the downside, immediate support is seen at 110.48(38.2%fib), a break below could take the pair towards 110.01 (38.2% fib).
European stocks closed slightly lower on Thursday as hawkish signals from the US Federal Reserve raised concerns about early monetary policy tightening, and mining stocks continued to decline on falling commodity prices.
UK's benchmark FTSE 100 closed down by 0.47 percent, Germany's Dax ended up by 0.03 percent, France’s CAC finished the day down by 0.08 percent.
Tech stocks weakness dragged Wall Street down on Thursday after the Federal Reserve signaled it might cut stimulus measures earlier than expected, adding pressure to a sector believed to be vulnerable to higher interest rates.
Dow Jones closed down by 0.77% percent, S&P 500 closed down by 0.54 % percent, Nasdaq settled down by 0.87% percent.
Long-term yields fell on Thursday, and the yield curve flattened, as some investors seemed to be surprised by the Fed’s remarks that the Fed is not eager to pare bond purchases and raise interest rates in 2023.
Benchmark 10-year yields were last 1.511%, after reaching 1.594% on Wednesday. Five-year yields were 0.881%, after rising to a two-month high of 0.913% on Wednesday.
Gold fell more than 2% on Thursday, triggering a sell-off in precious metals and palladium, which was the worst day in more than a year as the US dollar gained traction after the U.S. Federal Reserve struck a hawkish tone on monetary policy .
Spot gold fell 2% to $1,776.10 per ounce by 1:44 pm EDT (1744 GMT), having earlier touched its lowest since May 3 at $1,766.29.U.S. gold futures settled down 4.7% at $1,774.80.
Crude oil prices fell nearly 2% on Thursday from their highest level in years as the dollar strengthened after the US Federal Reserve hinted it could hike rates as early as 2023.
Brent futures fell $ 1.31, or 1.8%, to $ 73.08 a barrel, while U.West Texas Intermediate (WTI) Crude Oil fell $ 1.11, or 1.5%, to settle at $ 71.04 .