Europe Roundup: Sterling edges lower against dollar after UK GDP data fails to impress, European stocks extend gains, Gold eases, Oil rises to fresh multi-year highs on demand recovery-June 11th,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
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: Sterling dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,2021
America’s Roundup: Dollar gives up gains as markets digest economic data, Wall Street rises, Gold retakes $1,900 level, Oil gains as demand outlook counters supply fears-May 29th,2021
America’s Roundup: Dollar falls as U.S. non-farm payrolls lag behind expectations, Wall Street ends higher, Gold rebounds, Oil extends gain on OPEC+ supply discipline and recovering demand-June 5th,2021
Europe Roundup: Sterling was largely unmoved against dollar, European shares gain, Gold slides over 1%,Oil gains as demand improves, supplies shrinks-June 14th,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 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
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
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
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
Europe Roundup: Euro edges higher against dollar ahead of US inflation data and ECB meeting, European stocks hovering around recent peaks, Gold steady, Oil rallies amid signs of strong fuel demand in Western countries-June 9th,2021
Europe Roundup: Euro little changed as market participants focused on Thursday's European Central Bank meeting, European stocks ease, Gold slips, Oil eases on Iran concern-June 7th,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
America’s Roundup: Dollar rise as Fed officials downplay inflation concerns, Wall Street ends lower, Gold eases, Oil settles higher on stronger demand outlook as U.S inventories fall-May 27th,2021
Europe Roundup: Euro dips against dollar in wake of US rates talk , European stocks rebound, Gold eases, Oil nears $70 as easing Western lockdowns boost summer demand outlook-May 5th,2021
•Swiss Apr CPI (YoY) 0.3%,0.3% forecast, -0.2% previous
•Swiss Apr CPI (MoM) 0.2%,0.2% forecast, 0.3% previous
•Spanish Unemployment Change-39.0K forecast, -59.1K previous
•Spanish Apr Services PMI 54.6, 50.0 forecast, 48.1 previous
•Sweden Industrial Production (MoM) 1.1%,1.0% previous
•Sweden Mar Industrial New Orders (YoY) 10.0%,5.3% previous
•Italian Apr Composite PMI 51.2, 51.9 previous
• Italian Apr Services PMI 47.3, 49.8 forecast, 48.6 previous
•French Apr Markit Composite PMI 51.6, 51.7 forecast, 50.0 previous
•French Apr Services PMI 50.3, 50.4 forecast, 48.2 previous
•German Apr Composite PMI 55.8, 56.0 forecast, 57.3 previous
•German Apr Services PMI 49.9, 50.1 forecast, 51.5 previous
• EU Apr Services PMI 50.5, 50.3 forecast, 49.6 previous
• EU Apr Markit Composite PMI 53.8, 53.7 forecast, 53.2 previous
• EU March PPI (YoY) 4.3%,4.2% forecast, 1.5% previous
•US Mortgage Refinance Index 3,188.7, 3,185.3 previous
•US Mortgage Market Index 700.4, 706.6 previous
•US MBA 30-Year Mortgage Rate 3.18%,3.17% previous
Looking Ahead - Economic Data (GMT)
•12:30 Brazil April Markit Composite PMI 45.1 previous
•12:30 Brazil April Markit Services PMI 44.1 previous
•13:45 US Apr ISM-New York Index 804.5 previous
•13:45 US Apr ISM NY Business Conditions 37.2% previous
•13:45 US Apr Markit Composite PMI 62.2 previous
•13:45 US Apr Services PMI 63.1 previous
•14:30 US Apr ISM Non-Manufacturing Business Activity 69.5 forecast, 69.4 previous
•14:30 US Apr ISM Non-Manufacturing PMI 64.3 forecast, 63.7 previous
•14:30 US Apr ISM Non-Manufacturing New Orders 67.2 previous
•14:00 US Apr ISM Non-Manufacturing Employment 57.2 previous
•14:30 US Gasoline Inventories -0.652M forecast, 0.092M previous
•14:30 US Crude Oil Inventories -2.346M, 0.090M previous
Looking Ahead - Economic events and other releases (GMT)
•15:00 US FOMC Member Rosengren Speaks
•16:00 US FOMC Member Mester Speaks
•17:00 US Chicago Fed President Evans Speaks
EUR/USD: The euro declined against dollar on Wednesday as hints of the potential for higher U.S. interest rates boosted greenback. The greenbacks against versus euro was sparked by comments from U.S. Treasury Secretary Janet Yellen that rate hikes may be needed to stop the economy overheating .The dollar's bounce on Tuesday put pressure on the euro, which dropped once again below the $1.20 mark on Wednesday, hitting its lowest against the buck in over two weeks. Immediate resistance can be seen at 1.2044 (23.6%fib), an upside break can trigger rise towards 1.2059(11DMA).On the downside, immediate support is seen at 1.1980(38.2%fib), a break below could take the pair towards 1.1930(50%fib).
GBP/USD: Sterling was unchanged against the dollar on Wednesday as a poll showing Scotland’s main pro-independence party was unlikely to win an outright majority in Thursday’s election, kept investors cautious. Investors are zeroing on the close term risk of a more hawkish Bank of England than on the long-term risk of Scottish autonomy. Policymakers of the Bank of England meet on Thursday when the central bank will publish its May Monetary Policy Report. At 12:30 GMT, sterling was up just 0.2% at $1.3910. Immediate resistance can be seen at 1.3924(23.6%fib), an upside break can trigger rise towards 1.4005(Higher BB).On the downside, immediate support is seen at 1.3849 (21DMA), a break below could take the pair towards 1.3812 (38.2%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Wednesday as talk of rising U.S. interest rates boosted greenback. Treasury Secretary Janet Yellen said on Tuesday that rates need to go up higher at some point of time. Yellen on Tuesday said she saw no inflation problem brewing, downplaying earlier comments that rate increases may be needed to stop the economy overheating as U.S. President Joe Biden’s spending plans boost growth. Meanwhile, investors await U.S. services data on Wednesday and April payrolls on Friday for cues on the health of the U.S. economy. Immediate resistance can be seen at 0.9171(38.2%fib), an upside break can trigger rise towards 0.9200 (Psychological level).On the downside, immediate support is seen at 0.9104 (23.6%fib), a break below could take the pair towards 0.9063(Lower BB).
USD/JPY: The dollar gained against the yen on Wednesday as the chance of higher U.S. interest rates boosted the greenback. Dollars gain was supported by comments from U.S. Treasury Secretary Janet Yellen that rate hikes may be required to stop the economy overheating. Yellen later downplayed their importance, but even the slightest mention of U.S. tightening has an outsized impact in markets that have become so dependent on monetary stimulus. The dollar was a shade firmer on the yen at 109.36, but faces resistance at 109.61.Strong resistance can be seen at 109.78 (23.6%fib), an upside break can trigger rise towards 110.00(Psychological level).On the downside, immediate support is seen at 109.02 (38.2%fib), a break below could take the pair towards 108.66 (11DMA).
European stocks bounced back on Wednesday after a sharp selloff in the previous session, as surging commodity prices lifted mining stocks, while the earnings season kept its positive momentum, brightening the mood in the markets.
At (GMT 12:50),UK's benchmark FTSE 100 was last trading upat 1.21 percent, Germany's Dax was up by 1.81 percent, France’s CAC was last up by 1.14 percent.
Gold prices edged lower on Wednesday as the possibility of higher U.S. interest rates supported the dollar, while palladium held near record highs hit in the previous session amid supply worries.
Spot gold was down 0.1% at $1,776.61 per ounce by 1223 GMT, after falling about 0.8% in the previous session. U.S. gold futures were steady at $1,776.20.
Oil prices rose for a third day on Wednesday as easing of lockdowns in the United States and parts of Europe heralded a boost in fuel demand in summer season and offset concerns about the rise of COVID-19 infections in India and Japan.
Brent crude rose 75 cents, or 1.1%, to $69.63 a barrel at 1155 GMT. U.S. West Texas Intermediate (WTI) crude was up 67 cents, or 1%, to $66.36 a barrel.