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: Dollar little changed as traders seek direction from data, Wall Street gains, Gold gains modestly, Oil hits over 1-year high-June 3rd,2021-June 3rd,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
America’s Roundup: Dollar falls as U.S. non-farm payrolls lag behind expectations, Wall Street ends higher, Gold rebounds, Oil extends gain on OPEC+ supply discipline and recovering demand-June 5th,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
America’s Roundup: Dollar almost unchanged as attention shifts to upcoming US data, ECB meeting, U.S. stocks end lower, Gold range-bound, Oil steadies amid weak summer kickoff for U.S. fuel demand-June 10th,2021
Europe Roundup: Euro dips as dovish ECB comments weighs, European shares near record high, Oil steady as Iranian supply prospect offsets demand optimism-May 26th,2021
Europe Roundup: Sterling dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,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 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 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 gains after German inflation data, European stocks retreat, Gold gains, Oil firms near $70 a barrel on improving demand outlook-May 31st,2021
Europe Roundup: Sterling was largely unmoved against dollar, European shares gain, Gold slides over 1%,Oil gains as demand improves, supplies shrinks-June 14th,2021
Europe Roundup:Euro dips on dovish ECB tone,European shares rises, Gold dips, Oil inches higher as upbeat demand outlook counters supply concerns-May 28th,2021
Europe Roundup: Euro edges higher against dollar ahead of US inflation data and ECB meeting, European stocks hovering around recent peaks, Gold steady, Oil rallies amid signs of strong fuel demand in Western countries-June 9th,2021
Europe Roundup: Euro eases against dollar after German ZEW economic sentiment weakens in June, European rises to new high, Gold slips, Oil prices fall, but the outlook remains optimistic-June 8th,2021
America’s Roundup: U.S. dollar mixed as investors hold back ahead of Fed meeting, Wall Street ends mixed, Gold falls, Oil rises as OPEC+ seen sticking to policy despite India COVID surge-April 28th,2021
•US Redbook (YoY) 13.9%,13.5% previous
•US Feb House Price Index (MoM) 0.9%, 1.0% previous
•US Feb House Price Index 319.7, 316.7 previous
•US Feb S&P/CS HPI Composite - 20 s.a. (MoM) 1.2%,1.1% forecast,1.2% previous
•US S&P/CS HPI Composite - 20 n.s.a. (MoM) 1.2%,0.9% previous
•US Feb House Price Index (YoY) 12.2%, 12.0% previous
• US Feb S&P/CS HPI Composite - 20 n.s.a. (YoY) 11.9%, 11.7% forecast, 11.1% previous
•US Apr Richmond Services Index 22, 16 previous
•US Apr Richmond Manufacturing Index 17, 17 previous
•US Apr Richmond Manufacturing Shipments 16,22 previous
•US CB Apr Consumer Confidence 121.7, 113.0 forecast, 109.7 previous
•US April Texas Services Sector Outlook 34.9,28.9 previous
•US April Dallas Fed Services Revenues 26.1,21.6 previous
Looking Ahead – Economic Data (GMT)
•No data ahead
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro was little changed against dollar on Tuesday, as traders avoided taking out big positions before the Fed meeting. Trading in currencies was largely subdued, ahead of this week’s Federal Reserve two-day meeting ending on Wednesday, where no change to policy is expected. The market will pay close attention to comments from Fed Chairman Jerome Powell, who is likely to face questions over whether improving conditions warrant a withdrawal of monetary easing. Most analysts, though, expect him to say such talk is premature, which could put downward pressure on Treasury yields and the dollar. Immediate resistance can be seen at 1.2118 (23.6%fib), an upside break can trigger rise towards 1.2159 (Higher BB).On the downside, immediate support is seen at 1.2059 (5DMA), a break below could take the pair towards 1.2038 (38.2%fib).
GBP/USD: Sterling remained within the previous session’s ranges agaiinst dollar on Tuesday as investors awaited U.S. Federal Reserve meeting on Wednesday. Investors stayed on the sidelines ahead of the Fed’s policy meeting ending on Wednesday, where the U.S. central bank is expected to confirm that it will maintain its easy monetary policy to bolster the economy. Sterling was 0.02% lower at $1.3893, off last week's top of $1.4009. Immediate resistance can be seen at 1.3917 (23.6%fib), an upside break can trigger rise towards 1.3971(Higher BB ).On the downside, immediate support is seen at 1.3853(5DMA),a break below could take the pair towards 1.3806(38.2%fib ).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Tuesday, holding near its highest level in over five weeks as oil prices climbed and investors awaited comments from Bank of Canada Governor Tiff Macklem.U.S. crude prices settled 1.7% higher at $62.94 a barrel, while the Canadian dollar was trading nearly unchanged at 1.2401 to the greenback, or 80.64 U.S. cents. It traded in a range of 1.2388 to 1.2418..Immediate resistance can be seen at 1.2438 (5DMA), an upside break can trigger rise towards 1.2451(38.2%fib).On the downside, immediate support is seen at 1.2370(23.6%fib), a break below could take the pair towards 1.2300 (Psychological level).
USD/JPY: The dollar gained against the Japanese yen on Tuesday after the Bank of Japan kept policy on hold as widely expected and said it was ready to extend its pandemic relief programme. In a quarterly report released after Tuesday’s rate review, the BOJ revised up its growth forecasts and stuck to its view the world’s third-largest economy would recover as robust U.S. and Chinese demand underpins exports. The Bank of Japan projected on Tuesday that inflation will fail to reach its 2% target during its governor’s term through early 2023, as fresh curbs to combat a spike in COVID-19 cases overshadow the boost to growth from solid global demand. Strong resistance can be seen at 108.88(38.2%fib), an upside break can trigger rise towards 109.00(1Psychological level).On the downside, immediate support is seen at 107.82 (23.6%fib), a break below could take the pair towards 107.23(Lower BB).
European stocks ended a shade lower on Tuesday as optimism over strong British earnings was offset by UBS disclosing a hit from dealing with U.S. investment firm Archegos, while travel stocks hit record highs on hopes of a post-COVID rebound..
UK's benchmark FTSE 100 closed down by 0.31 percent, Germany's Dax ended down by 0.26 percent, France’s CAC finished the day down by 0.03 percent.
Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the main indexes ending mixed as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights.
Dow Jones closed down by 0.01 percent, S&P 500 ended down by 0.02 percent, Nasdaq finished the down up by 0.34 percent.
Gold prices were little changed on Tuesday ahead of the U.S. Federal Reserve's meeting, while palladium prices hit a new record high on persistent supply worries.
Spot gold edged up 0.2% to $1,784.16 per ounce by1313 GMT. U.S. gold futures rose 0.2% at $1,784.10.
Oil prices edged higher on Tuesday as OPEC+ was expected to stick to existing plans to boost oil output slightly from May 1, suggesting it does not see a lasting impact on demand from India's coronavirus crisis.
Brent crude was up 24 cents, or 0.4%, at $65.89 a barrel by 12:32 p.m. ET (1632 GMT) after climbing to a session high of $66.45. U.S. oil gained 45 cents, or 0.7%, to $62.36.