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
Europe Roundup: Euro dips after downbeat German retail sales data, European stocks inches higher, Gold prices fall, Oil gains, supported by OPEC+ call to restore supply to the market-June 2nd,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
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
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 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 heads for best week in nine month,Wall Street ends lower,Gold edges down, Oil gains on OPEC's view that US production growth will slow-June 19th,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
Europe Roundup: Euro dips against dollar ahead of U.S. payrolls data, European stocks inch higher, Gold hits 2-week low, Oil rises towards $72 on demand prospects-June 4th,2021
America’s Roundup: Dollar jumps after Fed eyes earlier start to rate hikes, Wall Street closes lower ,Gold slides over 1%,Oil settles near $75, at multi-year highs-June 17th,2021
Europe Roundup: Euro hits two-month low as hawkish Fed fuels dollar , European shares slip, Gold slips to hit one-month low, Oil prices retreat, but stay near multi-year highs –June 17th,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 broadly gains ahead of U.S. inflation data, Wall Street ends mixed,Gold falls, Oil rises as Iranian supply not seen returning soon-June 9th,2021
Europe Roundup: Euro eases against dollar after German ZEW economic sentiment weakens in June, European rises to new high, Gold slips, Oil prices fall, but the outlook remains optimistic-June 8th,2021
America’s Roundup: Dollar edges up on manufacturing data,Wall Street edges up, Gold steadies near 5-month peak, Oil settles up after hitting 15-month highs on demand prospects-June 2nd,2021
Europe Roundup: Euro dips against dollar ahead of U.S. inflation data, European stocks inch higher ,Gold slips, Oil climbs on demand outlook as market awaits fresh cues-May 12th,2021
•UK GDP (YoY) (Q1) -6.1%,-6.1% forecast, -7.3% previous
•UK March Industrial Production (MoM) 1.8%,1.0% forecast,1.0% previous
•German Apr CPI (MoM) 0.7%, 0.7% forecast, 0.5% previous
• German Apr CPI (YoY) 2.0%, 2.0% forecast, 1.7% previous
•UK Mar Manufacturing Production (MoM) 2.1%, 1.0% forecast, 1.3% previous
•UK Mar Manufacturing Production (YoY) 4.8%,3.8% forecast, -4.2% previous
•German Apr HICP (YoY) 2.1%, 2.1% forecast, 2.0% previous
• UK Mar Industrial Production (YoY) 3.6%, 2.8% forecast, -3.5% previous
• German Apr HICP (MoM) 0.5%, 0.5% forecast, 0.5% previous
•UK Business Investment (YoY) (Q1) -18.1%,-18.1% previous
•UK GDP (QoQ) (Q1) -1.5%, -1.6% forecast, 1.3% previous
•UK Business Investment (QoQ) (Q1) -11.9%,5.9% previous
•UK Mar Construction Output (MoM) 5.8%, 0.6% forecast, 1.6% previous
•UK Mar U.K. Construction Output (YoY) 6.0%,0.1% forecast, -4.3% previous
•UK Mar Trade Balance Non-EU -6.55B, -3.50B forecast, -10.73B previous
•UK GDP (MoM) 2.1%, 0.4% forecast
•UK Monthly GDP 3M/3M Change-1.5%,-1.6% previous
• French Apr HICP (MoM) 0.2%,0.3% forecast, 0.3% previous
•French Apr CPI (MoM) 0.1%, 0.6% previous
•EU March Industrial Production (MoM) 0.1%,0.7% forecast, -1.0% previous
Looking Ahead - Economic Data (GMT)
•12:30 US Apr CPI, n.s.a (MoM) 0.71% previous
•12:30 US Apr CPI Index, s.a 264.79 previous
•12:30 US Apr Core CPI Index 271.21 previous
•12:30 US Apr CPI (MoM) 0.2%,0.6% previous
•12:30 US Apr Core CPI (YoY) 2.3% forecast , 1.6% previous
•12:30 US Apr CPI (YoY) 3.6% forecast , 2.6% previous
•12:30 US Apr Core CPI (MoM) 0.3% forecast , 0.3% previous
•13:45 US Apr ISM-New York Index 804.5 previous
•14:30 US Crude Oil Inventories -2.817M forecast , -7.990M previous
•14:30 US Cushing Crude Oil Inventories 0.254M previous
•18:00US Apr Federal Budget Balance -220.0B forecast , -660.0B previous
Looking Ahead - Economic events and other releases (GMT)
•13:45 US FOMC Member Clarida Speaks
•17:00 US FOMC Member Bostic Speaks
•17:00 US FOMC Member Harker Speaks
EUR/USD: The euro dipped against dollar on Wednesday as market awaited U.S. inflation data due later in the session. U.S. April inflation reading is due at 1230 GMT. The much-anticipated U.S. consumer price data is forecast to show a 3.6% lift in year-on-year prices. Investors will assess the chance of any change of stance from the Federal Reserve, which says near-term inflation is transitory. Immediate resistance can be seen at 1.2181 (23.6%fib), an upside break can trigger rise towards 1.2208 (Higher BB).On the downside, immediate support is seen at 1.2105 (38.2%fib), a break below could take the pair towards 1.2085 (14DMA).
GBP/USD: Sterling rose higher against dollar on Wednesday after UK GDP data for March beat market expectations, keeping investors optimistic about the UK’s economic recovery from the pandemic. Sterling jumped to a two-month high on Monday this week due to a combination of dollar weakness, market relief over Scottish election results, lockdown easing measures, and the Bank of England raising its forecast for economic growth. Immediate resistance can be seen at 1.4175 (23.6%fib), an upside break can trigger rise towards 1.4200 (Psychological level).On the downside, immediate support is seen at 1.4068(38.2%fib), a break below could take the pair towards 1.4050 (5DMA).
USD/CHF: The dollar edged higher against the Swiss franc on Wednesday as traders hung on to bets that the Federal Reserve would remain steadfast in its easy policy settings ahead of data expected to show a sharp rise in annual U.S. inflation.Analysts forecast figures due at 1230 GMT to show a 3.6% lift in year-on-year prices, boosted by last April's low base. The month-on-month forecast is for a modest 0.2% rise. Immediate resistance can be seen at 0.9060 (38.2%fib), an upside break can trigger rise towards 0.9099 (14DMA).On the downside, immediate support is seen at 0.9002(Lower BB), a break below could take the pair towards 0.8976(23.6%fib).
USD/JPY: The dollar edged higher the yen on Wednesday investors awaited the much-awaited U.S. consumer price data due later in the day. The U.S. consumer price data due at 1230 GMT is keenly awaited by market participants to gauge inflationary pressure. Despite various U.S. Federal Reserve officials reiterating a firmly dovish policy stance, investors are worried that higher inflation from a spike in commodity prices could force the Fed to raise interest rates. The dollar was trading down 0.20% on the yen at 108.54. Strong resistance can be seen at 108.95 (38.2%fib), an upside break can trigger rise towards 109.43(Higher B).On the downside, immediate support is seen at 108.49 (38.2%fib), a break below could take the pair towards 108.07 (50%fib).
European stocks steadied on Wednesday after their worst selloff this year as strong earnings reports and signs of a speedy economic recovery offset concerns about a rapid rise in prices.
At (GMT 11:50),UK's benchmark FTSE 100 was last trading up at 0.43 percent, Germany's Dax was up by 0.69 percent, France’s CAC was last up by 0.06 percent.
Gold prices fell on Wednesday, on track to snap a five-session winning streak, weighed down by a firmer dollar and U.S. Treasury yields ahead of U.S. consumer price data.
Spot gold was down 0.1% to $1,834.46 per ounce by 1044 GMT. U.S. gold futures fell 0.1% to $1,835.10.
Oil prices rose on Wednesday on signs of a speedy economic recovery and upbeat forecasts for energy demand supported by vaccinations against COVID-19 although waves of infections in India and Brazil curbed gains.
Brent crude climbed 83 cents, or 1.2% to $69.38 a barrel at 1116 GMT. West Texas Intermediate U.S. crude rose 85 cents, or 1.3%, to $66.13.