America’s Roundup: Dollar on back foot as market optimism lifts riskier currencies, Gold eases, Oil up on Middle East tensions-February 16th,2021
Europe Roundup: Sterling holds above $1.39 after Sunak's generous budget, European stocks dips, Gold gains, Oil prices dip ahead of OPEC+ meeting-March 4th,2021
Europe Roundup: Sterling hits highest level against dollar since April 2018 , European shares inch higher ,Gold rebounds, Oil gives up gains after rising above $65 on Texas freeze-February 18th,2021
Europe Roundup: Sterling knocked back by bond rout, European shares drop, Gold down 1.4% for the week, Oil drops on dollar strength and OPEC+ supply expectations-February 26th,2021
America’s Roundup: Dollar gains as U.S. economic picture brightens, Gold slips to two month low, Oil jumps $1/bbl as Texas freeze prompts U.S. output drop-February 18th,2021
America’s Roundup: Dollar stabilizes after Powell remarks, S&P 500 closes higher, Gold slid, Oil settles mixed amid post-storm uncertainty, Oil settles mixed amid post-storm uncertainty-February 24th,2021
America’s Roundup: Dollar firms on sudden spike in U.S. Treasury yields,Wall Street ends sharply lower, Gold slides more than 2%, Oil mixed, U.S. crude hits highest since 2019 as refineries restart-February 26th,2021
Europe Roundup: Sterling hits $1.40 for first time in nearly 3 years, European stocks rise, Gold prices fall,Oil extends losses as Texas prepares to ramp up output-February 19th,2021
Europe Roundup: Sterling slips below $1.38 after UK GDP data,European shares dip, Gold slips, Oil dips after OPEC reduced demand forecast-February 12th,2021
America’s Roundup: Dollar gains on U.S. stimulus and vaccine hopes, Wall Street gains,Gold rises, Oil down more than 1% on Chinese fuel demand doubts, OPEC supply concerns-March 2nd ,2021
America’s Roundup: Dollar gains on higher yields, safe haven bid, European shares drop, Wall street ends mixed, Gold down over 6% for the month, Oil drops on dollar strength and OPEC+ supply expectations-February 27th,2021
America’s Roundup: Dollar hits fresh three-year lows against commodity-linked currencies, Wall Street closes higher ,Gold subdued , Oil rises after data shows slump in U.S. output amid Texas freeze-February 25th,2021
America’s Roundup: Dollar drops to more than one-month low, Wall Street ends mixed, Gold jumps 1.5% , Oil jumps almost 4% as output slow to recover from Texas storms-February 23rd,2021
Europe Roundup: Sterling rises past $1.42 against greenback, European shares rise, Gold gains, Oil edges higher as surprise U.S. stock build weighs-February 24th,2021
America’s Roundup: U.S. dollar inches up, but off highs, Wall Street trades flat, Gold slips, Oil edges higher on U.S. stimulus hopes, tighter supplies-February 13th,2021
Europe Roundup: Sterling hits fresh highs vs dollar , European shares fall, Gold scales 1-week high, Oil rises on positive forecasts, slow U.S. output restart-23rd February 2021
Europe Roundup: Euro cruises higher as dollar skids again, European stocks gain,Gold rises,Oil rises on hopes U.S. pandemic stimulus will spur fuel demand-December 29th,2020
•Sweden Nov Household Lending Growth (YoY) 5.3%, 5.3% previous
• Sweden Nov Trade Balance 1.40B, 4.70B previous
• US Redbook (MoM) 0.4%,-0.9% previous
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• US Oct S&P/CS HPI Composite - 20 s.a. (MoM) 1.6%,1.0%,1.3% previous
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•US Oct S&P/CS HPI Composite - 20 n.s.a. (YoY) 7.9%, 6.9% forecast, 6.6% previous
Looking Ahead - Economic data (GMT)
•15:30 US Dec Dallas Fed Services Revenues -0.7 previous
•15:30 US Dec Texas Services Sector Outlook -2.6 previous
Looking Ahead - Economic events and other releases (GMT)
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EUR/USD: The euro rose against dollar on Tuesday as investors were encouraged to take on more risk after U.S. lawmakers pushed forward with an enhanced COVID-19 relief package. The House of Representatives voted on Monday to more than triple stimulus payments to Americans to $2,000 from $600, sending the plan on to the Senate for a vote. Euro bulls pushed the single currency up to $1.2235, also buoyed by talk of a EU-China trade pact. Immediate resistance can be seen at 1.2277 (23.6%fib), an upside break can trigger rise towards 1.2300(Psychological level).On the downside, immediate support is seen at 1.2168 (14DMA), a break below could take the pair towards 1.2138 (38.2%fib).
GBP/USD: Sterling strengthened against dollar on Tuesday as investor were encouraged by a Brexit trade deal and hopes a long-awaited U.S. pandemic relief package will be expanded. Britain clinched a narrow Brexit trade deal with the EU on Thursday, just seven days before it exits one of the world’s biggest trading blocs. Sterling rose 0.2% to $1.3484 following a two-day dip. It was as high as $1.3625 this month, a level unseen since May 2018, but investors have taken some profits since the Brexit trade deal was struck. Immediate resistance can be seen at 1.3524 (38.2%fib), an upside break can trigger rise towards 1.3617 (23.6%fib).On the downside, immediate support is seen at 1.3449 (50%fib), a break below could take the pair towards 1.3412 (21DMA).
USD/CHF: The dollar declined against the Swiss franc on Tuesday as the dollar weakened after the approval of larger coronavirus relief checks by Democratic-led U.S. House of Representatives. The package covers $1.4 trillion in spending to fund government agencies and $892 billion in COVID-19 relief, including $2,000 relief cheques to help cushion the economic impact of the pandemic. U.S. dollar, which is often seen as a safe-haven asset, was down 0.3% against a basket of currencies and eyeing the 18-month low hit in November. Immediate resistance can be seen at 0.8868 (50%fib), an upside break can trigger rise towards 0.8885 (38.2%fib).On the downside, immediate support is seen at 0.8840 (23.6%fib), a break below could take the pair towards 0.8800(Psychological level).
USD/JPY: The dollar dipped against the Japanese yen on Tuesday on hopes of an expanded U.S. stimulus package with the U.S. Senate set to vote on $2,000 COVID-19 relief checks weakened demand for greenback. The Democrats-led U.S. House of Representatives voted in favour of President Donald Trump's demand for $2,000 COVID-19 relief checks on Monday from the previous $600. However, it has to still pass the Republican-controlled Senate. Strong resistance can be seen at 103.81 (38.2%fib), an upside break can trigger rise towards 103.91 (30DMA).On the downside, immediate support is seen at 103.66 (5EMA), a break below could take the pair towards 103.38 (23.6%fib).
European stocks extended their year-end rally on Tuesday as a Brexit trade deal, hopes of an expanded U.S. stimulus package and euro zone’s marathon COVID-19 vaccination campaign brightened prospects for global growth in 2021.
At (GMT 13:00) , UK's benchmark FTSE 100 was last trading up by 2.02 percent Germany's Dax was up by 0.13 percent, France’s CAC was last up by 0.39 percent.
Gold prices rose on Tuesday as the dollar weakened after the approval of larger coronavirus relief checks by Democratic-led U.S. House of Representatives, while improved risk appetite kept it below last session’s one-week high.
Spot gold rose 0.4% to $1,877.65 per ounce by 1214 GMT. The metal climbed as much 1.3% on Monday after U.S. President Donald Trump’s approval of a $2.3 trillion stimulus package.
Oil rose on Tuesday as the United States moved towards expanding pandemic aid payments, potentially spurring fuel demand and stimulating economic growth, which pushed investors to take on more risk.
Brent crude was up 72 cents, or 1.4%, at $51.58 a barrel by 1057 GMT, while U.S. West Texas Intermediate (WTI) crude futures added 67 cents, or 1.4%, to $48.29 a barrel.