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 dips as dovish ECB comments weighs, European shares near record high, Oil steady as Iranian supply prospect offsets demand optimism-May 26th,2021
America’s Roundup: Dollar index hits three-week top in wake of robust U.S. data, US Stocks ends lower, Gold slides over 2%, Oil steady after mixed U.S. crude inventory report-June 4th,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
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
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
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
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 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 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 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 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 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 edges lower as investors wait for a catalyst, Wall Street ends mixed, Gold gains, Oil falls on profit taking after hitting 2-year high-June 8th,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 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: U.S. dollar perks up after ECB policy talk cools euro,U.S. stocks ends down, Gold slips 1%,Oil steady as Libya output decline offsets risks to Asian demand-April 23rd,2021
• US Continuing Jobless Claims 3,674K,3,667K forecast, ,731K previous
•US Jobless Claims 4-Week Avg 651.00K,683.00K previous
•US Initial Jobless Claims 547K, 617K forecast, 576K previous
•US Mar Chicago Fed National Activity -1.09 previous
•Canada New Housing Price Index (MoM)1.1%, 1.4% forecast, 1.9% previous
•Russia Central Bank reserves (USD) 583.7B,580.5B previous
•US Mar Existing Home Sales 6.01M, 6.19M forecast, 6.22M previous
• US Mar Leading Index (MoM) 1.3%,1.0% forecast, 0.2% previous
• EU Apr Consumer Confidence 1.3%-10.8 forecast, -10.8 previous
• US Natural Gas Storage 38B, 49B forecast, 61B previous
• US KC Apr Fed Manufacturing Index 31, 23 previous
• US KC Apr KC Fed Composite Index40,26 previous
• US 4-Week Bill Auction 0.005%,0.010% previous
• US 8-Week Bill Auction 0.015%, 0.015% previous
Looking Ahead - Economic Data (GMT)
•01:00 New Zealand Credit Card Spending (YoY) -12.4% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events ahead
EUR/USD: The euro edged higher against dollar on Thursday as markets digested European Central Bank comments on interest rate policy amid new evidence in the United States of a stronger economic recovery. The euro edged higher, toyed with a bigger gain and then fell back after the European Central kept its interest rate policy intact and left questions about how it will withdraw stimulus when the economy recovers. euro was up on the day about 0.1% against the U.S. dollar. Immediate resistance can be seen at 1.2072 (50%fib), an upside break can trigger rise towards 1.2100 (Psychological level).On the downside, immediate support is seen at 1.1986 (38.2%fib), a break below could take the pair towards 1.940(5DMA).
GBP/USD: The pound declined against dollar Thursday as investors weighed up the outlook for an economic recovery from COVID-19 in the UK. Earlier this week, sterling hit a six-week high against the dollar after Britain’s unemployment rate unexpectedly fell for a second month in a row in the December to February period, most of which the country spent under a tight COVID-19 lockdown. At 11:30 GMT, the pound was at $1.3901 versus the dollar, down 0.1% on the day. Versus the euro, it was down around 0.2% at 86.605 pence per euro. Immediate resistance can be seen at 1.3809 (50%fib), an upside break can trigger rise towards 1.3915(61.8%fib ).On the downside, immediate support is seen at 1.3748 (5DMA), a break below could take the pair towards 1.3702(38.2%fib ).
USD/CAD: The Canadian dollar was little changed against its U.S. counterpart on Thursday as a decline in risk appetite was offset by the Bank of Canada's more hawkish stance, with the currency holding on to its gains from the prior day. The loonie was trading nearly unchanged at 1.2500 to the greenback, or 80.00 U.S. cents, having traded in a range of 1.2472 to 1.2534. It was one of only three G10 currencies to keep pace with the U.S. dollar as U.S. stocks dived on reports that President Joe Biden planned to propose nearly doubling the capital gains tax . Immediate resistance can be seen at 1.2527 (9DDMA), an upside break can trigger rise towards 1.2612 (38.2%fib).On the downside, immediate support is seen at 1.2475 (Lower BB), a break below could take the pair towards 1.2454(23.6%fib).
USD/JPY: The dollar was pinned near recent lows against the Japanese yen on Thursday as fading gains in U.S. Treasury yields reduced the greenback's interest rate advantage. Sentiment toward the dollar has weakened as last month's spike in Treasury yields reverses course, but some analysts say the outlook over the longer term remains positive due to a strong U.S. economy and an improved coronavirus vaccination programme. The dollar was last up 0.01% at 107.96 yen, after hitting a daily low of 107.82 . Strong resistance can be seen at 108.22(38.2%fib), an upside break can trigger rise towards 108.44 (50%fib).On the downside, immediate support is seen at 108.09(23.6%fib), a break below could take the pair towards 107.94(Daily low).
European stocks moved towards record highs on Thursday, following a set of strong company earnings and as the European Central Bank left policy unchanged as expected.
UK's benchmark FTSE 100 closed up by 0.62 percent, Germany's Dax ended up by 0.82 percent, France’s CAC finished the day up by 0.91percent.
The S&P 500 dipped in choppy trading on Tuesday as the top U.S. infectious disease expert warned Congress that a premature opening of the nation’s economy could lead to additional outbreaks of the novel coronavirus.
Dow Jones closed down by 0.94% percent, S&P 500 closed down by 0.92% percent, Nasdaq settled down by 0.94% percent.
U.S. Treasury yields fell back on Thursday on news that President Joe Biden will propose a tax hike for high earners, after climbing in morning trading.
The benchmark 10-year yield was down less than 1 basis point for the session, at 1.5556%, after having risen above 1.587% just after noon.
Gold slipped 1% on Thursday, retreating from a two-month peak, as the U.S. dollar gained some ground, while palladium lingered below an all-time high.
Spot gold was down 0.7% to $1,781.46 per ounce by 1:44 p.m. EDT (1744 GMT), after hitting its highest level since Feb. 25 at $1,797.67. U.S. gold futures settled 0.6% lower at $1,782.
Oil prices were little changed on Thursday as concerns over lower crude production in Libya offset expectations that rising coronavirus cases in India and Japan would cause energy demand to decline.
Brent futures edged up 8 cents, or 0.1%, to settle at $65.40 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 8 cents, or 0.1%, to end at $61.43.