Europe Roundup: Sterling falls to one month low versus dollar ,European stocks inches lower, Gold little changed, Oil prices rebound after knock from U.S. driving season data-June 10th,2021
America’s Roundup: Dollar edges up on manufacturing data,Wall Street edges up, Gold steadies near 5-month peak, Oil settles up after hitting 15-month highs on demand prospects-June 2nd,2021
Europe Roundup: Sterling dips from 3-year high as new COVID variant fears weighs European shares rise,Gold hits near 5-month high, Brent hits highest since March on demand prospects-June 1st,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
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
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: Euro dips after downbeat German retail sales data, European stocks inches higher, Gold prices fall, Oil gains, supported by OPEC+ call to restore supply to the market-June 2nd,2021
America’s Roundup: Dollar broadly gains ahead of U.S. inflation data, Wall Street ends mixed,Gold falls, Oil rises as Iranian supply not seen returning soon-June 9th,2021
America’s Roundup:Dollar edges down after inflation data,Wall Street ends higher, Gold edges higher, Oil hits two-year highs on rising demand expectations-June 11th,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
Europe Roundup: Euro little changed as market participants focused on Thursday's European Central Bank meeting, European stocks ease, Gold slips, Oil eases on Iran concern-June 7th,2021
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 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
Europe Roundup: Euro dips as dollar firms ahead of U.S. jobs data, European stocks slip, Gold falls, Oil steady after sharp rise on improved demand picture-June 3rd,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
America’s Roundup: U.S. dollar gives up earlier gains, Wall Street ends higher, Gold gains, Oil prices drop as India’s COVID-19 surge dents demand outlook-April 22nd,2021
• Canada Trimmed CPI (YoY) 2.2%,1.9% previous
• Canada Median CPI (YoY) 2.1%,2.0% previous
• Canada Common CPI (YoY) 1.5%,1.3% previous
• Canada CPI Mar (MoM) 0.6,5% 0.6% forecast, 0.5% previous
• Canada Mar Core CPI YoY 1.4%,1.2% previous
• Canada Mar CPI (YoY) 2.2%, 2.3% forecast, 1.1% previous
• Canada Mar Core CPI (MoM) 0.3%,0.3% previous
• Canada BoC Interest Rate Decision 0.25%, 0.25% forecast, 0.25% previous
• US Gasoline Inventories 0.086M,0.464M forecast, 0.309M previous
• US Cushing Crude Oil Inventories -0.229M,0.346M previous
• US Crude Oil Inventories 0.594M,-2.975M forecast, -5.889M previous
Looking Ahead - Economic Data (GMT)
• 23:50 Japan Foreign Investments in Japanese Stocks 640.9B previous
• 23:50 Japan Foreign Bonds Buying 1,714.4B previous
•01:30 Australia NAB Quarterly Business Confidence 14 previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro declined against dollar on Wednesday as rising coronavirus cases dampened sentiment towards global economic growth. Recent optimism regarding rising vaccination rates in the United States, Britain and European Union is shifting to concern that record coronavirus infections in India and a reinforcement of travel restrictions can act as a brake on the world economy. Investor focus also turned to Thursday’s ECB meeting. The bank is largely expected to keep policy on hold, while investors are looking for clarity on how it will react to economic recovery in Europe,. Immediate resistance can be seen at 1.2040(38.2%fib), an upside break can trigger rise towards 1.2078(20th April high).On the downside, immediate support is seen at 1.1979 (50%fib), a break below could take the pair towards 1.1958(11DMA).
GBP/USD: Sterling held its ground against the dollar on Wednesday as traders assumed a rise in inflation in March would have little impact on monetary policy and waited for crucial activity and retail sales data due at the end of the week. Consumer price inflation rose to 0.7% in March after dipping to just 0.4% in February, as global oil prices rose and retailers scaled back their COVID-driven discounts. Immediate resistance can be seen at 1.3978 (38.2%fib), an upside break can trigger rise towards 1.4000 (Psychological level).On the downside, immediate support is seen at 1.3890(50%fib), a break below could take the pair towards 1.3819 (9DMA).
USD/CAD :The Canadian dollar rose sharply on Wednesday to hit a one-month high against its U.S. counterpart as domestic data showed higher underlying inflation and the Bank of Canada signaled it could hike interest rates as soon as next year. Canada's central bank kept its key interest rate on hold at a record low of 0.25% but sharply raised its outlook for the economy, saying it now expects slack to be absorbed in the second half of 2022, increasing the likelihood of a hike in borrowing costs next year. The Canadian dollar was trading 1% higher at 1.2480 to the greenback , its biggest advance since June last year. hike in borrowing costs next year. Immediate resistance can be seen at 1.2528 (38.2%fib), an upside break can trigger rise towards 1.2628 (50%fib).On the downside, immediate support is seen at 1.2467 (Lower BB), a break below could take the pair towards 1.2368(23.6% fib).
USD/JPY: The dollar dipped against Japanese yen on Wednesday a greenbacks recovery was interrupted after Canada's central bank signaled an interest rate hike in 2022 and reduced the scope of its asset-buying program.The dollar index, which tracks the U.S. currency against six major peers, turned down after the announcement from the Bank of Canada and was off by 0.1% at noon (1600 GMT) in New York after having been up as much as 0.24% for the day. The Japanese yen, often seen as a safer refuge than the dollar, gained against the greenback to 107.86 but then drifted back to 108.06. Strong resistance can be seen at 108.47 (38.2%fib), an upside break can trigger rise towards 108.73 (9DMA).On the downside, immediate support is seen at 107.83(23.6%fib), a break below could take the pair towards 107.40(Lower BB).
European stocks bounced back on Wednesday after their worst sell-off this year as optimism about a strong earnings season countered worries about a rapid rise in COVID-19 cases in some countries.
UK's benchmark FTSE 100 closed up by 0.93 percent, Germany's Dax ended down by 0.05 percent, France’s CAC finished the day down by 0.40 percent.
Wall Street rebounded on Wednesday after a two-day decline in a broad rally as a tilt toward stocks poised to benefit from a recovering economy offset Netflix Inc’s sell-off after its disappointing results a day earlier.
Dow Jones closed up by 0.93 % percent, S&P 500 closed up by 0.93 % percent, Nasdaq settled up by 1.13% percent.
U.S. Treasury yields remained range-bound on Wednesday even after an auction of 20-year bonds showed strong demand, a pattern analysts expect to persist until next week's data releases and Federal Reserve meeting.
The two-year yield remained anchored, which also left the yield curve - as measured by the spread between two- and 10-year yields - at 141 basis points, roughly the same as Tuesday's close.
Gold prices rose on Wednesday, supported by falling U.S. Treasury yields and sagging global stocks as surging coronavirus cases revived fears about the global economy.
Spot gold climbed 0.5% to $1,786.06 per ounce at 1247 GMT. U.S. gold futures gained 0.5% to $1,788 per ounce.
Oil prices on Wednesday fell for a second day to their lowest in a weekon asurprise build in U.S. crude inventories and concerns surging COVID-19 cases in India will drive down fuel demand in the world's third-biggest oil importer.
Brent futures fell $1.30, or 2.0%, to $65.27 a barrel by 1:54 p.m. EDT (1754 GMT), while U.S. West Texas Intermediate (WTI) crude for June fell $1.44, or 2.3%, to $61.23