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 extends gains, Wall Street ends lower, Gold hits two-week low, Oil settles up 1% on low U.S. output after hurricane, Oil settles up 1% on low U.S. output after hurricane-September 9th,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
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 turns negative on inflation data, Wall street dips,Gold climbs, Oil settles unchanged as latest storm spares U.S. energy sector-September 15th,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: 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 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
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; 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
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
America’s Roundup: Dollar little changed as US jobs data report looms ,Wall Street ends lower ,Gold rises, Oil settles down 1% as U.S. refineries shut; Washington pushes OPEC to pump more-September 1st,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
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
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 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
Europe Roundup: Euro dips against dollar as markets await cues from Fed meet, European shares falls, Gold little changed, Oil steadies as supply shortages outweigh the spread of the virus-27th July,2021
•Sweden Jun Trade Balance 10.30B, 5.10B previous
•Sweden Jun Household Lending Growth (YoY) 6.2%, 5.9% previous
•EU Private Sector Loans (YoY) 4.0%,3.9% previous
•EU Jun M3 Money Supply (YoY) 8.3%, 8.2% forecast, 8.4% previous
•Greek May Unemployment Rate 15.9% ,17.0% previous
•UK Jul CBI Distributive Trades Survey 23, 21 forecast, 25 previous
Looking Ahead –Economic Data (GMT)
• 12:30 US June Durables Excluding Defense (MoM) 1.7% previous
• 12:30 US June Core Durable Goods Orders (MoM) 0.8% forecast, 0.3% previous
• 12:30 US June Durable Goods Orders (MoM) 2.1% forecast, 2.3% previous
• 12:30 US June Goods Orders Non Defense Ex Air (MoM) 0.7% forecast, 0.1% previous
• 12:55 US Redbook (YoY) 15.0% previous
• 13:00 US May S&P/CS HPI Composite - 20 s.a. (MoM) 1.6% forecast, 1.6% previous
• 13:00 US May S&P/CS HPI Composite - 20 n.s.a. (YoY) 16.4% forecast, 14.9% previous
• 13:00 US May House Price Index (MoM) 1.8% previous
• 14:00 US Jul CB Consumer Confidence 123.9 forecast, 127.3 previous
• 14:00 US Jul Richmond Manufacturing Index 22 previous
• 14:00 US Jul Richmond Manufacturing Shipments 8 previous
• 14:30 US Jul Dallas Fed Services Revenues 16.7 previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro dipped against dollar on Tuesday as concerns over rising COVID-19 infections and cautious tone in global markets ahead of the U.S. Federal Reserve’s meeting this week weighed on euro. Market participants are waiting for the U.S. central bank’s meeting on Tuesday and Wednesday. While no policy change is expected, investors will look for clues on when the Fed might start reining in its easy monetary policies. The euro was down 0.15% against the dollar at 10:25GMT, at $1.1781. Immediate resistance can be seen at 1.1820(38.2%fib), an upside break can trigger rise towards 1.1842 (32.6% fib).On the downside, immediate support is seen at 1.1770(23.6% fib), a break below could take the pair towards 1.1747 (Lower BB).
GBP/USD: Sterling declined against dollar on Tuesday as global stock markets sank led by a heavy sell-off in Chinese shares, which sapped risk sentiment and drove a bid for dollars ahead of a U.S. Federal Reserve policy meeting.The pound has been particularly sensitive to risk sentiment in recent weeks and has correlated well with the performance of global stock markets. Receding COVID-19 cases in Britain have also helped the pound steady above $1.37 against the greenback. Immediate resistance can be seen at 1.3849 (38.2%fib),an upside break can trigger rise towards 1.3916(Higher BB).On the downside, immediate support is seen at 1.3793 (21DMA), a break below could take the pair towards 1.3763 (50%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Tuesday as investors turned to this week's Federal Reserve meeting for clues on the policy outlook. Greenback has been rising broadly for more than a month as markets are wary of the Fed starting to taper its monetary support, and data shows investors are now long dollars for the first time since March 2020. The Fed meeting is on Wednesday and the focus is on discussions around bond purchases and insight into the bank's comfort with surging inflation. At (GMT 10:11), greenback gained 0.29% versus the Swiss franc to 0.9181. Immediate resistance can be seen at 0.9194 (38.2%fib), an upside break can trigger rise towards 0.9267 (23.6%fib).On the downside, immediate support is seen at 0.9142 (50%fib), a break below could take the pair towards 0.9114 (Lower BB).
USD/JPY: The dollar declined against the Japanese yen Tuesday as Investors focused on the Fed's meeting this week for clues as to when the central bank might curtail its flexible monetary policy. The Fed’s two-day meeting will start on Tuesday and a policy statement will be issued at 1800 GMT on Wednesday, followed by a news conference by Fed Chairman Jerome Powell. At 10:11 GMT, the dollar was trading 0.22 percent lower versus the yen at 110.12.Strong resistance can be seen at 110.28(50%fib), an upside break can trigger rise towards 110.61 (38.2%fib).On the downside, immediate support is seen at 110.10 (11DMA), a break below could take the pair towards 109.99(61.8%fib).
European stocks lost further ground on Tuesday as sharp falls in Chinese shares and Reckitt Benckiser’s warning on margin offset a batch of strong earnings updates from companies including fashion powerhouse LVMH.
At (GMT 10:20),UK's benchmark FTSE 100 was last trading down at 0.53 percent, Germany's Dax was down by 0.56 percent, France’s CAC was last down by 0.37 percent.
Gold prices lingered below the key $1,800 per-ounce level on Tuesday, as investors maintained a cautious stance ahead of the Federal Reserve policy meeting and awaited cues on the U.S. central bank’s timeline for tightening its monetary policies.
Spot gold was flat at $1,796.30 per ounce, as of 0915 GMT, after hitting a session low of $1,792.00, with a firmer dollar curbing the precious metal’s appeal further.
Oil prices steadied on Tuesday as investors bet tight supply and rising vaccination rates will help offset any impact on demand from surging COVID-19 cases worldwide.
Brent crude futures rose 1 cent to $74.51 a barrel by 0819 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 8 cents, or 0.1%, to $71.83 a barrel.