Europe Roundup: Sterling steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
America’s Roundup: U.S. dollar index hits 4-week high, US stocks fall,Gold firms, Oil falls 2% on risk aversion-September 21st,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 gains as U.S. yields rise before ECB meeting, Wall Street falls, Gold retreats, Oil slides on demand concerns-September 8th,2021
Europe Roundup: Euro dips as safety flows extend dollar rally ahead of Fed, European shares slide,Gold little changed, Oil falls below $75 on risk-averse mood, U.S. Gulf output-September 20th,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 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
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
America’s Roundup: Dollar hits three-week high, driven by recent data ,Wall Street slips, Gold edges lower, Oil falls as storm-hit U.S. supply trickles back into market-September 18th,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 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
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
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 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 on the back foot amid UK recovery worries, Gold edges up, Oil at one-week high as U.S. supply concerns dominate-September 13th,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
Europe Roundup: Euro climbs versus dollar, European shares slumps, Gold gains, Oil prices extend losses as OPEC+ uncertainty lingers-July 8th,2021
• Swiss June Unemployment Rate s.a. 2.8%, 2.9% forecast,3.0% previous
• Swiss June Unemployment Rate n.s.a. 3.1%, 2.9% forecast, 3.1% previous
• German May Exports (MoM) 13.1B,0.6% forecast, 0.3% previous
•German May Trade Balance 15.4B forecast, 15.9B previous
•German Imports (MoM) 3.4%, 0.4% forecast, -1.7% previous
•Irish Jun CPI (MoM) 0.2%,0.1% previous
• Irish Jun HICP (YoY) 1.6%, 1.9% previous
Looking Ahead - Economic Data (GMT)
•12:30 US Continuing Jobless Claims 3,335K forecast, 3,469K previous
•12:30 US Jobless Claims 4-Week Avg 392.75K previous
•12:30 US Initial Jobless Claims 350K forecast, 364K previous
•13:00 Russia Central Bank reserves (USD) 592.4B previous
•14:00 US Gasoline Inventories -2.176M forecast, 1.522M previous
•14:00 US Crude Oil Inventories -4.033M, -6.718M previous
Looking Ahead - Economic events and other releases (GMT)
No significant events
EUR/USD: The euro climbed across the board on Thursday as investors dumped risky positions in currency markets in a broad-based unwinding by some hedge funds. While the dollar initially rose in early London trading, the euro jumped across the board as the selloff gathered pace as some hedge funds unwound some of their large bets against the single currency versus some other majors. The euro climbed 0.4% to $1.1838 against the dollar. Immediate resistance can be seen at 1.1858 (38.2%fib), an upside break can trigger rise towards 1.1919 (50%fib).On the downside, immediate support is seen at 1.1780 (23.6%fib), a break below could take the pair towards 1.1728(Lower BB).
GBP/USD: Sterling eased against both the dollar on Thursday, trading within recent ranges as analysts pointed to falling volatility levels.After a sizeable drop against the dollar in the middle of June, sterling has been range-bound, holding above the $1.37 mark. On Thursday, it traded 0.2% lower on the day at $1.3777 by 0820 GMT. Sterling has found some support this week on British Prime Minister Boris Johnson’s plans to end social and economic COVID-19 restrictions in England.
But investors remain cautious as the government also warned that the number of coronavirus cases could climb as measures are relaxed. Immediate resistance can be seen at 1.3824 (38.2%fib), an upside break can trigger rise towards 1.3898 (50%fib).On the downside, immediate support is seen at 1.3732(23.6%fib), a break below could take the pair towards 1.3684 (Lower BB).
USD/CHF: The dollar declined against the Swiss franc on Thursday as spiking cases of the delta variant of the coronavirus across the globe have also soured sentiment over a recovery. Cases in Britain are soaring, while in Spain and Portugal the accelerating infection rate has already forced authorities to impose new restrictions. At ( GMT 12:14),greenback was trading lower 1.06% versus the Swiss franc to 0.9157.Immediate resistance can be seen at 0.9200 (38.2%fib), an upside break can trigger rise towards 0.9216(5DMA).On the downside, immediate support is seen at 0.9147(50%fib), a break below could take the pair towards 0.9096 (61.8%fib).
USD/JPY: The dollar declined against the Japanese yen on Thursday as the growing spread of the COVID-19 Delta variant cast doubts over an economic recovery, while a rout in Chinese technology stocks appeared to have spilled over.Investors globally turned risk averse, sending dollar lower on worries about Beijing's crackdown on foreign-listed Chinese firms and a sustained global economic recovery. At (GMT 12:15),greenback trading lower 0.86% versus the yen to .109.64.Strong resistance can be seen at 109.69(50%fib), an upside break can trigger rise towards 109.96(32.6%fib).On the downside, immediate support is seen at 109.59(Lower BB), a break below could take the pair towards 109.39 (61.8%fib).
European stocks fell on Thursday, with cyclical sectors such as miners, automakers, and banks leading the declines, as global mood soured on economic recovery worries.
At (GMT 12:20),UK's benchmark FTSE 100 was last trading lower at 2.14 percent, Germany's Dax was down by 2.35% percent, France’s CAC was trading down by 2.72%% percent.
Gold gained on Thursday, building on a five-day winning streak as the U.S. dollar eased and Treasury yields extended their slump to a more than four month low.
Spot gold was up 0.6% to $1,814.00 per ounce at 1135 GMT. U.S. gold futures were up 0.7% to $1,814.30.
Oil prices fell for a third day on Thursday amid uncertainty over supply after the collapse this week of talks among major producers which could potentially cause the current output agreement to be abandoned.
Brent crude oil futures slipped by 23 cents, or 0.3%, to $73.20 a barrel by 0644GMT, while U.S. West Texas Intermediate futures were down 33 cents, or 0.5%, at $71.87 a barrel.