Europe Roundup: Euro dips on dollar advance as traders wait for U.S. jobs data, European shares gains, Gold dips ,Oil holds near 3-year highs after OPEC+ keep tight control of taps-October 5th,2021
America’s Roundup: Dollar dips after weak U.S. factory production data, Wall Street gains, Gold edges down, Oil prices pull back as U.S. factory data intensifies demand concerns-October 19th,2021
Europe Roundup: Sterling hits four-week high vs dollar, European stocks inch up, Gold gains, Oil prices rise on China energy demand concerns-October 19th,2021
America’s Roundup: Dollar gains as traders assess rate hike prospects, Wall Street ends higher, Gold rises, Oil prices reach multi-year highs on tight supply-October 26th,2021
America’s Roundup: Dollar vaults to nearly 3-year high vs yen, Wall Street ends lower, Gold slips, Oil settles up 1.5%; hits multi-year highs on surging demand-October 12th,2021
Europe Roundup: Sterling falls against dollar, European stocks skid, Gold eases, Oil hits multi-year high on OPEC+ restraint amid global energy crunch-October 6th,2021
America’s Roundup: Dollar dips as bonds stabilize, Wall Street ends higher, Gold pares gains, Oil remains near multi-year highs as energy crunch persists-October 20th,2021
America’s Roundup, Dollar slips against key rivals, Wall Street ends lower,Gold hits over 1-week peak, Oil settles above $81 with OPEC+ sticking to output increase-October 5th,2021
America’s Roundup: Dollar firms ahead of U.S. jobs data, Wall Street ends sharply higher ,Gold edges down, Oil hits multi-year highs as OPEC+ sticks to output plan-October 6th ,2021
America’s Roundup: Dollar rebounds after improving jobs, housing data, Wall Street gains, Gold edges down, Oil dives, forecast of mild U.S. winter spurs retreat from multi-year highs-October 22nd,2021
Europe Roundup: Sterling steadies as rising interest rate expectations provide support , European shares rally ,Gold ticks lower, Oil extends losses as U.S. mulls strategic reserve sales-October 7th,2021
Europe Roundup: Sterling holds above $1.36 after UK GDP data, European stocks gain, Gold gains, Oil falls on concerns of faltering economic growth to hit demand-October 13th, 2021
Europe Roundup: Euro consolidates ahead of U.S. non-farms payrolls report, European stocks dip, Gold range-bound, Oil climbs on switch from gas and doubts over U.S. releasing reserves-October 8th, 2021
Europe Roundup: Euro little changed ahead of ECB meeting, European stocks gain, Gold dips, Oil drops ahead of stocks data, Iran talks-October 26th,2021
America’s Roundup: Dollar eases from one-year high after US inflation data, Wall Street ends higher, Gold jumps 2% ,Oil eases on profit taking, demand jitters; stays near highest in years-October 14th,2021
America’s Roundup: Dollar gains as energy price surge drives inflation worries , Wall Street rises, Gold firms ,Oil retreats from multi-year highs after U.S. stock build-October 7th,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
•French 6-Month BTF Auction -0.675%,-0.668% previous
•French 3-Month BTF Auction-0.651%,-0.652% previous
•French 12-Month BTF Auction-0.649%, -0.655% previous
•US 3-Month Bill Auction 0.040%,0.045% previous
•US 6-Month Bill Auction 0.050%,0.050% previous
•US Aug Federal Budget Balance -171.0B ,-173.0B forecast, -302.0B-302.0B
Looking Ahead –Economic Data (GMT)
• 01:30 Australian House Price Index (QoQ) (Q2) 6.0% forecast, 5.4% previous
• 01:30 Australian Aug NAB Business Survey 11 previous
• 01:30 Australian Aug NAB Business Confidence -8 previous
Looking Ahead - Events, Other Releases (GMT)
• 02:45 Australia RBA Governor Lowe Speaks
EUR/USD: The euro initially dipped against dollar on Monday but recovered most of the ground as investors focused on potential corporate tax hikes and upcoming economic data. Market participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%. The Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists. Immediate resistance can be seen at 1.1814 (5DMA), an upside break can trigger rise towards 1.1832(23.6%fib).On the downside, immediate support is seen at 1.1800(38.2%fib), a break below could take the pair towards 1.1774 (50%fib).
GBP/USD: Sterling recovered most of ground from earlier fall on Monday as investors awaited for more data to assess the pace of the post-lockdown economic recovery and how soon interest rates could he hiked. Figures on July jobs are scheduled for Tuesday while inflation and retail sales data will be published on Wednesday and Friday respectively. The Bank of England expects inflation to rise sharply this year and hit a peak of 4%. Immediate resistance can be seen at 1.3863(Sep 9th high),an upside break can trigger rise towards 1.3887 (23.6%fib).On the downside, immediate support is seen at 1.3825(38.2%fib), a break below could take the pair towards 1.3793(30DMA).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Monday as higher oil prices offset broad-based gains for the greenback, with the loonie faring better than nearly all the other G10 currencies. The price of oil, one of Canada's major exports, was supported by concerns over shut output in the United States because of damage from Hurricane Ida. U.S. crude rose 1.2% to $70.53 a barrel, while the Canadian dollar was trading 0.2% higher at 1.2665 to the Greenback. The currency traded in a range of 1.2662 to 1.2694. Immediate resistance can be seen at 1.2663(5DMA), an upside break can trigger rise towards 1.2684 (38.2%fib).On the downside, immediate support is seen at 1.2612 (50%fib), a break below could take the pair towards 1.2543(61.8%fib).
USD/JPY: The dollar strengthened against yen on Monday as greenback was bolstered by expectations the U.S. Federal Reserve could reduce its asset purchases by the end of the year despite a surge in COVID-19 cases. A round of U.S. economic data is due out this week, starting with consumer prices on Tuesday, which will give the latest update on how hot inflation has been ahead of next week's Fed meeting. Against the yen, the dollar was up 0.1% at 110 yen. Strong resistance can be seen at 110.17(23.6%fib), an upside break can trigger rise towards 110.22(Higher BB).On the downside, immediate support is seen at 109.94(9DMA), a break below could take the pair towards 109.85(38.2%fib).
European stocks ended higher for the first time in five days on Monday, as oil, banks and utility shares gained on hopes that a strong euro zone economic recovery would outweigh risks from a global slowdown.
UK's benchmark FTSE 100 closed up by 0.56 percent, Germany's Dax ended up by 0.59 percent, France’s CAC finished the day up by 0.20 percent.
Wall Street stocks wavered on Monday, struggling to regain ground lost in last week's bruising sell-off, but economically sensitive shares rose as investors focused on potential corporate tax hikes and upcoming economic data.
Dow Jones closed up by 0.76 percent, S&P 500 closed up by 0.23% percent, Nasdaq settled down by 0.07% percent.
U.S. government bond yields dipped on Monday with markets looking ahead to consumer inflation data on Tuesday that is expected to show a continuing slowdown in the pace of price increases.
The yield on 10-year Treasury notes was down 2 basis points to 1.321%. The yield on the 30-year Treasury bond was down 2.7 basis points to 1.907%.
Gold prices rose on Monday in the run-up to the release of key U.S. economic data including readings on inflation that could dictate the direction of the Federal Reserve’s monetary policy.
Spot gold rose 0.3% to $1,792.05 per ounce by 1:40 p.m. EDT (1740 GMT), while U.S. gold futures settled up 0.1% at $1,794.4.
Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another storm could affect output in Texas this week.
Brent futures rose 59 cents, or 0.8%, to settle at $73.51 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 73 cents, or 1.1%, to settle at $70.45.