America’s Roundup: Dollar recovers from earlier fall after US jobless claims data, Wall Street ends mixed, Gold scales 1-month peak, Oil falls as investors look out for more supply-16th July,2021
America’s Roundup: Dollar little changed as fears of rate hikes subside, Gold inches higher, Oil prices rise as OPEC+ calls off output talks-July 6th,2021
Europe Roundup: Sterling dips against greenback, heads for worst week in a month, European shares rise, Gold slips, Oil up, but on track for biggest weekly drop in months-July 16th,2021
Europe Roundup:Euro falls ahead of ECB meeting, European shares fall, Gold prices at near 1-week low, Oil falls $2 after OPEC+ producers agree to raise output-19th July, 2021
America’s Roundup: Dollar edges higher amid pandemic concerns ,Wall Street gains, Gold eases, Oil prices slip as economic fears offset tightening crude supplies-July 13th,2021
America’s Roundup: Dollar eases from highest level since start of the year , Wall Street ends higher, Gold hits 1-week low, Oil gains over 4% despite rise in U.S. inventories-22nd July ,2021
Europe Roundup: Sterling gains after UK inflation jumps in June,European shares slip, Gold firms, Oil prices fall as China crude import data weighs-July 14th,2021
Europe Roundup: Euro dips near 3-month low ,European shares gain, Gold prices gain, Oil rises but OPEC+ uncertainty clouds outlook-July 7th,2021
America’s Roundup: U.S. dollar inches higher in volatile trading , Wall Street ends higher, Gold edges higher, Oil gains as demand seen outstripping supply-July 23rd,2021
America’s Roundup: Dollar falls after U.S. nonfarm payrolls data, Wall Street gains,Gold gains, Oil steady, traders on sidelines as OPEC+ talks drag on-July 3rd,2021
Europe Roundup: Euro dips on firmer dollar, U.S. inflation data in focus ,European stocks dips, Gold subdued ,Oil prices slip as economic worries offset tightening supplies-12th July,2021
America’s Roundup: Dollar weakens, Wall Street closes at record highs,Gold gains,Oil prices rise over 2% as U.S. inventories decline-10th,July 2021
America’s Roundup: Dollar rises after U.S. inflation data, Wall Street falls, Gold flat, Oil gains nearly 2% as investors size up tight market-14th July,2021
Europe Roundup: Euro dips as investors focus shifts to Thursday's ECB meeting, European shares gain, Gold eases, Oil extends gains despite rise in U.S. inventories-21st July, 2021
Europe Roundup: Euro dips as focus turns to U.S. inflation data, European shares ease, Gold little changed,Oil climbs on expected further draw in crude inventories-July 13th,2021
Europe Roundup: Euro rebounds from 3-1/2 month lows ,European shares falls,Gold hits 1-month peak, Oil prices extend losses on expected supply increase-July 15th,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
•U.S. nonfarm payrolls due at 1230 GMT
•German IHS May Markit Construction PMI 44.5, 46.2 previous
•UK May Construction PMI 64.2, 62.3 forecast, 61.6 previous
•EU Apr Retail Sales (MoM) -3.1%,-1.2% forecast, 2.7% previous
•EU Apr Retail Sales (YoY) 23.9%, 25.5% forecast , 12.0% previous
•Irish GNP (YoY) (Q1) 2.9%,1.0% previous
•Irish GNP (QoQ) (Q1) -1.0%,8.5% previous
•Irish GDP (YoY) (Q1) 11.8%,1.5% previous
• Irish GDP (QoQ) (Q1) 7.8%, -5.1% previous
Looking Ahead - Events, Other Releases (GMT)
•12:30 US May Unemployment Rate 5.9% forecast,6.1% previous
•12:30 Canada May Unemployment Rate 8.2% forecast, 8.1% previous
•12:30 US May Average Hourly Earnings (YoY) (YoY) 1.6% forecast, 0.3% previous
•12:30 US May Participation Rate 64.9% previous
•12:30 US May Participation Rate 61.7% previous
•12:30 US May U6 Unemployment Rate 10.4% previous
•12:30 Canada May Employment Change -20.0K forecast, -207.1K previous
•12:30 US May Average Weekly Hours 35.0 forecast, 35.0 previous
•12:30 US May Government Payrolls 48.0K previous
•12:30 US May Average Hourly Earnings (MoM) 0.2% forecast, 0.7% previous
•12:30 US Labor Productivity (QoQ) (Q1) -2.0% previous
•12:30 US May Part Time Employment Change -77.8K previous
•12:30 US May Full Employment Change -129.4K previous
•12:30 US May Manufacturing Payrolls 24K forecast, -18K previous
•12:30 US May Private Nonfarm Payrolls 600K forecast, 218K previous
•12:30 US May Nonfarm Payrolls 650K forecast, 266K previous
•14:00 Canada May Ivey PMI 60.6 previous
•14:00 US Apr Factory Orders (MoM) -0.2% forecast, 1.1% previous
•14:00 US Apr Durables Excluding Defense (MoM) 0.5% previous
•14:00 US Apr Factory orders ex transportation (MoM) 1.7% previous
•14:00 US May Ivey PMI n.s.a 59.9 previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro declined on Friday as dollar rose ahead of the U.S. might employment report, which could provide clues regarding when Federal Reserve’s bond-buying tapering discussions would start. Thursday’s ADP National Employment Report showing personal payrolls accumulated by 978,000 jobs last month, the largest increase since June 2020, triggered rise in dollar. Immediate resistance can be seen at 1.2143(38.2% fib), an upside break can trigger rise towards 1.2173 (5DMA).On the downside, immediate support is seen at 1.2098 (50%fib), a break below could take the pair towards 1.2053(61.8%fib).
GBP/USD: The British pound stabilized against the dollar on Friday, offsetting some of the previous day's losses, despite the currency hovering at five for its first week of losses due to the dollar's strength over the past week. A series of strong releases of US economic data has pushed the dollar index, which measures the dollar against a basket of currencies, to its highest level since mid-May this week. The gains for the dollar come as investors expect the Federal Reserve to react to the warming economy and tighten monetary policy earlier than expected. Immediate resistance can be seen at 1.4150 (5DMA),an upside break can trigger rise towards 1.4194 (23.6%fib).On the downside, immediate support is seen at 1.4071 (38.2%fib), a break below could take the pair towards 1.4000(Psychological level).
USD/CHF: The dollar was little changed against the Swiss franc on Friday as investors awaited U.S. payrolls data. After U.S. private jobs data jumped more than expected on Thursday, attention turned to official non-farm payrolls data due later on Friday to gauge the strength of the U.S. recovery and the possibility of policy tightening. At (GMT 12:16), greenback gained 0.01% versus the Swiss franc to 0.9033. Immediate resistance can be seen at 0.9055(Daily high), an upside break can trigger rise towards 0.9100 (50%fib).On the downside, immediate support is seen at 0.9027 (38.2%fib), a break below could take the pair towards 0.8998(5 DMA).
USD/JPY: The dollar dipped against yen on Friday as traders waited for U.S. non-farm payrolls information later in the session. Currency investors are trying to find indications of the strength of the U.S. economic recovery and also possibility of Federal Reserve tightening its monetary policy, that is seen as positive for the dollar. The consensus forecast for the data, due at 1230 GMT, is that about 650,000 jobs have been added in May. Strong resistance can be seen at 110.30 (23.6%fib), an upside break can trigger rise towards 111.00 (Psychological level).On the downside, immediate support is seen at 110.04(Daily low), a break below could take the pair towards 109.70(38.2%fib).
European stocks traded cautiously ahead of the release of US employment data on Friday, and hopes of economic recovery set the benchmark for earnings in the third week.
At (GMT 12:15),UK's benchmark FTSE 100 was last trading down at 0.26 percent, Germany's Dax was up by 0.06 percent, France’s CAC finished was down by 0.03 percent.
Gold was set for its biggest weekly decline since March on Friday, pressured by a firm dollar and upbeat U.S. data that pointed to a strengthening labor market, raising expectations for strong nonfarm payrolls data.
Spot gold was little changed at $1,870.07 per ounce by 1118 GMT, after hitting its lowest since May 19 at $1,855.59 earlier in the session.U.S. gold futures traded 0.1% lower at $1,871.10 per ounce.
Oil extended gains above $71 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe.
Brent crude rose 12 cents, or 0.2%, to $71.43 a barrel by 1142 GMT. It reached an intra-day high of $71.99 on Thursday, the highest since May 2019. U.S. West Texas Intermediate crude was up 23 cents, or 0.3%, at $69.04.