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
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 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 steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
Europe Roundup: Sterling dips for second day against dollar,European stocks slip, Gold slips, Oil mixed, fears of slower demand weigh on sentiment-September 7th,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
America’s Roundup: Dollar index climbs after U.S. retail sales show surprise rebound ,Wall Street slips, Gold slides, Oil prices steady as U.S. storm threat wanes-September 17th,2021
America’s Roundup: Dollar turns negative on inflation data, Wall street dips,Gold climbs, Oil settles unchanged as latest storm spares U.S. energy sector-September 15th,2021
Europe Roundup: Euro near 1-month peak versus dollar , European stocks edge higher, Gold firms, Oil rises on declining inventories and weaker dollar-September 2nd,2021
Europe Roundup: Euro dips ahead of Thursday’s ECB meeting, European stocks gain, Gold steadies, Oil down after deep Saudi price cuts spur demand concerns-September 6th,2021
Europe Roundup; Sterling steadies near 5-week highs against dollar, European shares dips,Gold little changed, Oil hits 6-week high as U.S. Gulf braces for another hurricane-September 14th,2021
America’s Roundup: Dollar softens after ADP data, Wall Street ends mixed,Gold little changed, Oil steadies, OPEC+ sticks to gradual output hikes-September 2nd,2021
Europe Roundup:Sterling hits two-week high against dollar, European stocks gain,Gold rises, Oil dips on hurricane impact on U.S. refining, weak China data-August 31st,,2021
America’s Roundup: Dollar gains after hitting near two-week low, Wall Street ends mixed, Gold dips, Oil settles up as U.S. producers, refiners assess storm damage-August 31st,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
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,2021
America’s Roundup:U.S. dollar little changed following Fed minutes, U.S. stocks edge up, Gold firms, Oil falls as investors seek clarity from OPEC-July 8th,2021
• US Redbook (YoY) 19.4%,18.2% previous
• Canada June Ivey PMI n.s.a 67.7, 59.8 previous
• Canada June Ivey PMI 71.9, 64.7 previous
• US May JOLTs Job Openings 9.209M, 9.388M forecast, 9.286M previous
• US IBD/TIPP Economic Optimism 54.3,56.4 previous
•Russia June CPI (MoM) 0.7%,0.5% forecast, 0.7% previous
Looking Ahead - Economic Data (GMT)
•23:50 Japan May Current Account n.s.a. 1.820T forecast, 1.322T previous
•23:50 Japan Bank Lending (YoY) 2.9% previous
•23:50 Japan Foreign Bonds Buying-1,026.5B previous
•23:50 Japan Foreign Investments in Japanese Stocks -147.1B previous
•23:50 Japan Adjusted Current Account1.55T previous
•01:00 New Zealand ANZ Business Confidence-0.6 previous
Looking Ahead - Economic events and other releases (GMT)
•02:30 Australia RBA Governor Lowe Speaks
EUR/USD: The euro traded near a three-month low against the dollar on Wednesday after German data raised doubts about the strength of the economic recovery, while the U.S. currency awaited the minutes from the last Federal Reserve policy meeting. German-made goods posted their sharpest slump in May since the first lockdown in 2020, hurt by weaker demand from countries outside the euro zone. The European single currency changed hands at $1.1820 , having touched a three-month low of $1.1774 on Wednesday. Immediate resistance can be seen at 1.1841 (5DMA), an upside break can trigger rise towards 1.1895 (38.2%fib).On the downside, immediate support is seen at 1.1779(7th July low), a break below could take the pair towards 1.1723(Lower BB).
GBP/USD: Sterling steadied versus the dollar on Wednesday as Britain set out reopening plans following the COVID-19 pandemic. found support this week on British Prime Minister Boris Johnson’s plans to end social and economic COVID-19 restrictions in England in two weeks’ time.Johnson said on Monday the government aimed to end restrictive measures on July 19, with a final decision to be taken next week. He said the step would end formal limits on social contact, the instruction to work from home and mandates to wear face masks.Sterling was 0.03% higher versus the dollar at 1.3801 by 21:38 GMT. Immediate resistance can be seen at 1.3827 (14DMA), an upside break can trigger rise towards 1.3868 (38.2%fib).On the downside, immediate support is seen at 1.3774(23.6%fib), a break below could take the pair towards 1.3680 (Lower BB).
USD/CAD: The Canadian dollar weakened against its US counterpart for a third day on Wednesday as oil prices fell and investors digested the minutes of the Fed's last monetary policy meeting. The loonie is up 2% since the start of the year, the best performance among the G10 currencies, but has fallen from a six-year high last month close to 1.20. The loonie was trading 0.1% lower at 1.2477 to the greenback, or 80.15 U.S. cents, after touching its weakest intraday level since April 22 at 1.2519.Immediate resistance can be seen at 1.2515 (23.6%fib), an upside break can trigger rise towards 1.2535 (Higher BB).On the downside, immediate support is seen at 1.2465(38.2%fib), a break below could take the pair towards 1.2420(50%fib).
USD/JPY: The dollar was little changed against the Japanese yen on Wednesday following the release of the minutes of the last monetary policy meeting of the US Federal Reserve, which showed that Fed officials are grappling with emerging concerns about inflation and financial stability, but included no big surprises. The dollar index, which measures the greenback against a basket of peer currencies, was up 0.135% at 92.664, consolidating near its recent 3-month high. The Japanese yen traded little changed at 110.590 yen per dollar , still holding on to gains from its 15-month low of 111.64 touched last week. Strong resistance can be seen at 110.67(38.2%fib), an upside break can trigger rise towards 111.02(23.6%fib).On the downside, immediate support is seen at 110.52(21DMA), a break below could take the pair towards 110.34(50%fib).
European stocks gained on Wednesday as economically sensitive sectors such as miners and automakers recovered from sharp falls in the previous session, triggered by falling bond yields.
UK's benchmark FTSE 100 closed up by 0.71 percent, Germany's Dax ended up by 1.17 percent, France’s CAC finished the day up by 0.31 percent.
U.S. stocks ended higher on Wednesday after minutes from the last Federal Reserve meeting showed officials were divided on economic signals.
Dow Jones closed up at 0.30 percent, S&P 500 ended up at 0.34 percent, Nasdaq settled up by 0.01 % percent.
U.S. Treasury yields continued on their downward trajectory on Wednesday, with 10-year yields on track for a seventh straight session of declines on worries the economic recovery may be softening .
The yield on 10-year Treasury notes was down 4.9 basis points to 1.321% after earlier falling as low as 1.296%, the lowest level since Feb. 19.
Gold firmed above $1,800 an ounce on Wednesday as U.S. Treasury yields declined after minutes from the Federal Reserve’s June meeting showed officials felt its ‘substantial progress’ goal on economic recovery has not yet been met.
Spot gold extended gains slightly post the release of the minutes and was up 0.4% to $1,804.16 per ounce by 2:36 p.m. EDT (1836 GMT), having hit its highest since June 17 at $1,814.78 on Tuesday. U.S. gold futures settled 0.4% higher at $1,802.10 per ounce.
Oil prices fell more than $1 a barrel on Wednesday in another seesaw trading session, as investors feared what this week's collapse in OPEC+ talks meant for worldwide production.
Brent crude settled at $73.43 a barrel, falling $1.10, or 1.5%. U.S. West Texas Intermediate settled at $72.20 a barrel, shedding $1.17 or 1.6%. Both benchmarks rallied more than $1 a barrel earlier in the session, similar to Tuesday's action.