Europe Roundup: Euro edges higher against greenback ahead of ECB meeting, European stocks gains, Gold eases, Oil prices rise on signs of tightening supplies-22nd July,2021
America’s Roundup: Dollar edges lower on dovish Fed tone, mixed economic outlook, Wall Street ends mixed, Gold gains, Oil falls over 3% on concerns over demand and OPEC supply boost-August 3rd,2021
America’s Roundup : The dollar falls as investors await the outcome of the Fed meeting, Wall Street ends down, Gold firms, Oil prices remain steady as the spread of the virus counters supply bottlenecks-28th July,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: 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 gains after upbeat Eurozone GDP data, European shares slip, Gold firms, Oil prices fall, but on track for weekly gain-July 30th,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
America’s Roundup: U.S. dollar inches higher to three-month peak,Wall Street gains, Gold little changed, Oil rebounds as market seizes on discounted prices-July 21st,2021
America’s Roundup: Dollar edges lower ahead of Fed meeting, Wall Street gains, Gold eases ,Oil steadies in undersupplied market but coronavirus cases weigh-27th 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
America’s Roundup: Dollar falls as Fed's Chairman Powell maintains dovish message, Wall Street ends mixed, Gold gains, Oil dips 2% on oversupply fears after OPEC negotiates a deal-July 15th,2021
Europe Roundup: Euro gains after upbeat German manufacturing and retail sales data, European shares rises, Gold slips, Oil prices hit by concern over Chinese economy and higher supply-August 2nd,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
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
America’s Roundup: Dollar sluggish at 1-month low on bets of a dovish Fed, Wall Street rises to record peak Gold jumps over 1%, Oil settles up as U.S. supplies tighten more-July 30th,2021,
America’s Roundup: Dollar bounces after U.S. consumer spending rises strongly in June ,Wall Street falls, Gold retreats, Oil climbs, notches fourth monthly gain on growing demand-July 31st,2021
Europe Roundup: Euro dips as dollar firms ahead of U.S. jobs data, European stocks slip, Gold falls, Oil steady after sharp rise on improved demand picture-June 3rd,2021
• Italian May Composite PMI 55.7, 51.2 previous
• Italian May Services PMI 53.1, 52.5 forecast, 47.3 previous
• French May Markit Composite PMI 57.0, 57.0 forecast, 57.0 previous
• French May Services PMI 56.6, 56.6 forecast, 50.3 previous
• German May Composite PMI 56.2, 56.2 forecast, 55.8 previous
• French May Services PMI 56.6, 56.6 forecast, 50.3 previous
• German May Services PMI 52.8, 52.8 forecast, 52.8 previous
• EU May Services PMI 55.2, 55.1 forecast, 50.5 previous
• EU May Markit Composite PMI 57.1, 56.9 forecast, 53.8 previous
• UK May Composite PMI 62.9, 62.0 forecast, 62.0 previous
• UK May Services PMI 62.9, 61.8 forecast, 61.8 previous
Looking Ahead - Economic Data (GMT)
• 12:15 US May ADP Nonfarm Employment Change 650K forecast, 742K previous
• 12:30 US Continuing Jobless Claims 3,615K forecast, 3,642K previous
• 12:30 US Jobless Claims 4-Week Avg 458.75K previous
• 12:30 US Initial Jobless Claims 390K forecast, 406K previous
• 12:30 US Nonfarm Productivity (QoQ) (Q1) 5.5% forecast, 5.4% previous
• 13:45 US May Services PMI 70.1 forecast, 64.7 previous
• 13:45 US May Markit Composite PMI 68.1 forecast, 63.5 previous
•14:00 US May ISM Non-Manufacturing Business Activity 67.2 forecast, 62.7 previous
•14:00 US May ISM Non-Manufacturing PMI 63.0 forecast, 62.7 previous
•14:00 US May ISM Non-Manufacturing New Orders 63.2 previous
•14:00 US ISM Non-Manufacturing Employment 58.8 previous
•15:00 US Gasoline Inventories -1.479M forecast, -1.745M previous
•US Crude Oil Inventories -2.443M forecast, -1.662M previous
Looking Ahead - Economic events and other releases (GMT)
•16:00 BoE Gov Bailey Speaks
•16:30 US FOMC Member Bostic Speaks
•17:50 US FOMC Member Harker Speaks
•19:05 US FOMC Member Quarles Speaks
EUR/USD: The euro declined against dollar on Thursday as dovish from ECB President Christine Lagarde weighed on euro. The European Central Bank will support the euro zone “well into” its recovery from a pandemic-induced double dip recession, Lagarde said on Wednesday.With that ECB policymakers entered their silent period on Thursday, a week before their policy meeting on June 10, where they avoid saying anything that could influence expectations about monetary policy decisions. Immediate resistance can be seen at 1.2192 (38.2% fib), an upside break can trigger rise towards 1.2257 (23.6%fib).On the downside, immediate support is seen at 1.2145 (50% fib), a break below could take the pair towards 1.2100(61.8%fib).
GBP/USD: The pound held steady against the dollar on Thursday as investors wait on firmer signals as to whether growing cases of a COVID-19 variant first found in India could delay the wider reopening of the British economy due on June 21. Britain's currency has been a top performer among its G10 peers this year, thanks to positive sentiment around the country's rapid vaccination programme and hopes its economy will therefore rebound quicker than some others. Sterling was little changed at $1.4170, having touched a three-year high of $1.4250 versus the dollar earlier this week.Immediate resistance can be seen at 1.4174 (5DMA),an upside break can trigger rise towards 1.4214 (23.6%fib).On the downside, immediate support is seen at 1.4098 (38.2%fib), a break below could take the pair towards 1.4005(50%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Thursday as markets awaited key U.S. economic data due later in the week as investors weighed inflation concerns. A weekly unemployment report and May private payrolls data on Thursday will be followed by monthly jobs numbers on Friday, with investors looking for signs of an economic rebound and rising inflation. Yet ahead of Friday's crucial U.S. jobs data, traders eagerly aim to assess what the increasing evidence of a faster-than-expected economic recovery would mean for central bank policy in Europe and the United States. Immediate resistance can be seen at 0.9030 (38.2%fib), an upside break can trigger rise towards 0.9082 (50%fib).On the downside, immediate support is seen at 0.8975 (5DMA), a break below could take the pair towards 0.8942 (23.6%fib).
USD/JPY: The dollar strengthened against yen on Thursday as traders awaited a batch of U.S. economic data that could set the tone at central bank meetings later this month. Investors have bet on the dollar falling as the world recovers from the COVID-19 pandemic, but they have lately grown nervous over whether a surprisingly strong U.S. economic rebound poses a threat to the assumption that interest rates will stay low for a long time. Strong resistance can be seen at 109.96 (Higher BB), an upside break can trigger rise towards 110.26 (23.6%fib).On the downside, immediate support is seen at 109.26(50%fib), a break below could take the pair towards 108.80(61.8%fib).
European stocks slipped from all-time highs on Thursday, as investors awaited U.S. economic data to gauge the future path of monetary policy.
At (GMT 12:10 ),UK's benchmark FTSE 100 was last trading down at 1.16 percent, Germany's Dax was down by 0.60 percent, France’s CAC was last down by 0.59 percent.
Gold prices slipped nearly 1% on Thursday to hit their lowest in about a week as the dollar strengthened, while investors awaited the latest readings on the U.S. labor market to gauge economic recovery and future monetary policy.
Spot gold was down 0.8% to $1,893.61 per ounce by 0922 GMT. U.S. gold futures eased 0.7% to $1,895.80.
Oil prices rose for a third day on Thursday on expectations of a surge in fuel demand later this year, particularly in the United States and Europe and China, at the same time major producers are maintaining supply discipline.
Brent crude futures were up 40 cents, or 0.6%, at $71.75 a barrel by 0635 GMT, after earlier reaching the highest since September 2019. The international benchmark gained 1.6% on Wednesday.