America’s Roundup: Dollar little changed as US jobs data report looms ,Wall Street ends lower ,Gold rises, Oil settles down 1% as U.S. refineries shut; Washington pushes OPEC to pump more-September 1st,2021
Europe Roundup: Sterling dips against dollar after retail sales data, European shares dips, Gold recoups some losses, Oil holds above $75 as storm-hit U.S. supply returns slowly-September 17th,2021
America’s Roundup: Dollar drops with US yields, euro buoyed as ECB trims emergency support, Wall Street closes down, Gold gains, Oil dives late, hit by China supply plan, U.S. bond auction-10th Sepember,2021
America’s Roundup: U.S. dollar strengthens against rivals as Fed's taper talk gathers pace, Wall Street ends mixed, Gold gains, Oil rises to six-week high as U.S. supply concerns dominate-September 14th,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
Europe Roundup: Sterling dips as traders assess inflation impact, European shares gain,Gold dips, Oil holds above $75 as U.S. inventory drop supports-September 16th,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
America’s Roundup: U.S. dollar declines after U.S. Fed Chair Powell comments, Wall Street rises, Gold jumps, Oil posts biggest weekly gains in over a year ahead of Hurricane Ida-August 28th,2021
America’s Roundup: Dollar eases ahead US payrolls data, Wall Street ends higher, Gold eases,Oil rises on economic recovery hopes, weaker dollar-September 3rd,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,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
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:Euro inches higher in run-up to ECB verdict, European shares dips,Gold rises, Oil prices firm as U.S. output struggles after storm-September 9th,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 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 holds near three-week high ahead of U.S. jobs data,European stocks slip, Gold firms, Oil rises on demand outlook, Gulf outages-September 3rd,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
• US Jun Building Permits (MoM) -5.1%,-2.9% previous
• US Jun Building Permits 1.598M, 1.700M forecast, 1.683M previous
• US Jun Housing Starts 1.643M, 1.590M forecast, 1.572M previous
• US Jun Housing Starts (MoM) 6.3%, 3.6% previous
• US Redbook (YoY) 15.0%,14.0% previous
• New Zealand GlobalDairyTrade Price Index 15.0%, -3.6% previous
Looking Ahead –Economic Data (GMT)
• 23:50 Japan Jun Exports (YoY) 46.2% forecast, 49.6% previous
• 23:50 Japan Jun Imports (YoY) 29.0% forecast, 27.9% previous
• 23:50 Japan Trade Balance 460.0B, -189.4B previous
Looking Ahead - Events, Other Releases (GMT)
• 23:50 Japan Monetary Policy Meeting Minutes
EUR/USD: The euro declined against the U.S. dollar on Tuesday as concerns over the economic impact of surging Delta coronavirus cases drove investors towards greenback. The European Central Bank announces policy on Thursday, with market participants keen to see how the monetary authority implements changes to its strategy unveiled earlier this month. The euro was last trading around $1.1782, just a touch away from last week's three month low of $1.1753. Immediate resistance can be seen at 1.1821 (38.2%fib), an upside break can trigger rise towards 1.1855 (21DMA).On the downside, immediate support is seen at 1.1750 (23.6%fib), a break below could take the pair towards 1.1727(Lower BB)
GBP/USD: Britain’s pound hit a five-month low against the dollar on Tuesday, as broad demand for the safe-haven dollar amid a global surge in coronavirus infections kept investors jittery. England lifted all COVID-19 social restrictions on Monday, in what local media dubbed “Freedom Day”, although looming over the end to lockdown measures was a surge in infections caused largely by the highly contagious Delta variant of the virus. Sterling was last trading 0.01% lower against the dollar at $1.3627, having hit a more than five-month low of $1.3570.Immediate resistance can be seen at 1.3691 (38.2% fib), an upside break can trigger rise towards 1.3765 (50%fib).On the downside, immediate support is seen at 1.3627 (Daily low), a break below could take the pair towards 1.3606 (23.6%fib).
USD/CAD: The Canadian dollar edged lower against its U.S. counterpart on Tuesday as worries that the spread of the Delta coronavirus variant could impede global economic recovery helped to underpin the safe-haven greenback and pressured oil prices. U.S. crude prices were down 1.8% at $65.21 a barrel,while the U.S. dollar gained ground against a basket of major currencies. The Canadian dollar weakened 0.2% to 1.2772 to the greenback, after trading in a range of 1.2733 to 1.2786. On Monday, it touched a five-month low at 1.2807. Immediate resistance can be seen at 1.2719 (38.2%fib), an upside break can trigger rise towards 1.2795 (23.6%fib).On the downside, immediate support is seen at 1.26599(50%fib), a break below could take the pair towards 1.25951(61.8%fib).
USD/JPY: The dollar gained against the Japanese yen on Tuesday as growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery sent riskier assets higher. The fast-spreading Delta variant of COVID-19 is now the dominant strain worldwide, and has been accompanied by a surge in infections around the United States, particularly in areas where vaccinations have lagged. At 22:00 GMT, the dollar was trading 0.02 percent higher versus the yen at 109.85. Strong resistance can be seen at 110.02 (5DMA), an upside break can trigger rise towards 110.15(50%fib).On the downside, immediate support is seen at 109.69 (32.6%fib), a break below could take the pair towards 109.11 (23.6%fib).
European stocks stabilised on Tuesday after their worst sell-off this year in the previous session, helped by a handful of positive corporate earnings and production updates from miners.
UK's benchmark FTSE 100 closed up by 0.54 percent, Germany's Dax ended up by 0.55 percent, France’s CAC finished the day up by 0.81 percent.
Wall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.
Dow Jones closed up by 1.62% percent, S&P 500 closed up by 1.53% percent, Nasdaq settled down by 1.57% percent.
Yields on 10-year Treasuries rebounded from new five-month lows on Tuesday after the previous session's biggest single-day decline since February, as traders scrambled to hedge against the unexpected rally in the U.S. bond benchmark.
The yield on 10-year Treasury notes rose 1.8 basis points to 1.199%, a reversal from a low of 1.128% earlier in the session.
Gold was subdued in volatile trade on Tuesday as the dollar strengthened, curbing inflows into the safe-haven metal despite some concerns over a surge in COVID-19 cases.
Spot gold was little changed at $1,811.51 per ounce by 1733 GMT, while U.S. gold futures settled up 0.1% to $1,811.40.
Crude oil futures rebounded on Tuesday as market participants vied to take advantage of oil's two-month low touched in the previous session.
Brent crude settled up 73 cents, or 1.1%, at $69.35 a barrel after sliding 6.8% on Monday.U.S. crude ended up $1, or 1.5%, to $67.42 in its final day of trading, after hitting a low of $65.21 on Tuesday. The contract fell 7.5% on Monday.