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
Europe Roundup: Sterling dips against dollar after retail sales data, European shares dips, Gold recoups some losses, Oil holds above $75 as storm-hit U.S. supply returns slowly-September 17th,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
Europe Roundup: Sterling steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
Europe Roundup: Euro inches higher against dollar ahead of Powell's speech,European stocks dips,Gold consolidates, Oil rises as storm approaches Gulf of Mexico production hub-August 27th,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 steadies against dollar as investors eye German inflation data, European stocks gains, Gold prices ease, Oil drops as Hurricane Ida weakens, OPEC in focus-August 30th,2021
America’s Roundup: Dollar softens after ADP data, Wall Street ends mixed,Gold little changed, Oil steadies, OPEC+ sticks to gradual output hikes-September 2nd,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:Euro inches higher in run-up to ECB verdict, European shares dips,Gold rises, Oil prices firm as U.S. output struggles after storm-September 9th,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,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
America’s Roundup: Dollar gains after hitting near two-week low, Wall Street ends mixed, Gold dips, Oil settles up as U.S. producers, refiners assess storm damage-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: Euro near 1-month peak versus dollar , European stocks edge higher, Gold firms, Oil rises on declining inventories and weaker dollar-September 2nd,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
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
•German Jun HICP (YoY) 2.1%,2.1% forecast, 2.4% previous
•German Jun CPI (YoY) 2.3%, 2.3% forecast, 2.5% previous
•German Jun CPI (MoM) 0.4%,0.4% forecast, 0.5% previous
•German Jun HICP (MoM) 0.4%, 0.4% forecast, 0.3% previous
•Swiss June PPI (YoY) 2.9%,3.2% previous
•Swiss June PPI (MoM) 0.3%, 0.8% previous
•French CPI (YoY) 1.5%,1.5% forecast, 1.4% previous
•French June HICP (MoM) 0.2%,0.2% forecast, 0.3% previous
•French Jun CPI (MoM) 0.1%,0.2% forecast, 0.3% previous
Looking Ahead –Economic Data ( GMT)
•12:30 US Jun Real Earnings (MoM) -0.1% previous
•12:30 US Jun CPI Index, s.a 268.55 previous
•12:30 US Jun CPI, n.s.a (MoM) 0.80% previous
•12:30 US Jun Core CPI Index 275.72 previous
•12:30 US Jun Core CPI (MoM) 0.4%forecast, 0.7% previous
•12:30 US Jun CPI (YoY) 4.9% forecast, 5.0% previous
•12:30 US Jun CPI (MoM) 0.5% forecast, 0.6% previous
•12:30 US Jun Core CPI (YoY) 4.0% forecast, 3.8% previous
•12:55 US Redbook (YoY) 19.4% previous
•15:00 US Jun Cleveland CPI (MoM) 0.3% previous
Looking Ahead - Events, Other Releases (GMT)
•16:00 USFOMC Member Bostic Speaks
•18:30 FOMC Member Bostic Speaks
EUR/USD: The euro dipped on Tuesday as dollar steadied before the release of U.S. consumer price data, with inflation in the world’s biggest economy widely expected to tick marginally lower from last month. A poll shows expectations are for inflation in the United States to come in at 4.9% for the month of June when the data is released at 1230 GMT, compared to 5% the month before. Immediate resistance can be seen at 1.1871 (38.2%fib), an upside break can trigger rise towards 1.1896 (21 DMA).On the downside, immediate support is seen at 1.1796 (23.6%fib), a break below could take the pair towards 1.1764(Lower BB)
GBP/USD: Sterling edged lower against dollar on Tuesday after the Bank of England scrapped pandemic-era curbs on dividend payments by banks but warned some asset prices look stretched. BoE Governor Andrew Bailey said its stress test showed the banking sector was well capitalised to cope with the fallout from COVID-19 on the economy. But the BoE also said in its Financial Stability Report (FSR) that some asset prices look stretched.The bank added it is keeping a close eye on the housing market and how fast rising prices translate into household indebtedness. Sterling eased 0.15% to $1.3856 against the dollar by 0850 GMT, after jumping to a two-week high on Monday Immediate resistance can be seen at 1.3909 (38.2% fib), an upside break can trigger rise towards 1.3955 (21DMA).On the downside, immediate support is seen at 1.3840 (14DMA), a break below could take the pair towards 1.3825 (23.6%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Tuesday ahead of U.S. inflation data, with investors on edge over whether the figures may offer clues about the likely timing of tapering and interest rate hikes. Economists polled expect the U.S. consumer price index to have risen 0.5% from May and 4.9% from a year earlier. Traders think a miss on either side could move the greenback and the bond market by shifting expectations on interest rates. At 10:37 GMT, the dollar was 0.12 percent higher versus the Swiss franc at 0.9161. Immediate resistance can be seen at 0.9172 (21DMA), an upside break can trigger rise towards 0.9267 (23.6%fib%fib).On the downside, immediate support is seen at 0.9132 (50%fib), a break below could take the pair towards 0.9080 (61.8% fib).
USD/JPY: The dollar edged lower against the Japanese yen Tuesday as markets awaited the release of U.S. inflation data for further clues about the global economic recovery. After the U.S. consumer price index due for release at 1230 GMT, the focus turns to Fed Chairman Jerome Powell’s testimony before Congress on Wednesday and Thursday for his response to the inflation data and possible tapering measures. At 10:37 GMT, the dollar was 0.5 percent lower versus the yen at 110.26. Strong resistance can be seen at 110.43 (21DMA), an upside break can trigger rise towards 110.57 (9DMA).On the downside, immediate support is seen at 109.97 (23.6%fib), a break below could take the pair towards 109.28 (Lower BB).
European stocks eased from all-time highs on Tuesday, ahead of a key U.S. inflation reading, but British banks kept UK’s FTSE 100 afloat after a central bank move to scrap curbs on dividends.
At (GMT 10:42 ),UK's benchmark FTSE 100 was last trading up at 0.10% percent, Germany's Dax was down by 0.03%percent, France’s CAC was last down by 0.20 percent.
Gold prices were trapped in a tight range as investors awaited U.S. inflation data on Tuesday that could provide more clarity on the Federal Reserve’s timeline for policy tightening.
Spot gold was up 0.1% at $1,808.20 per ounce by 0854 GMT. U.S. gold futures were 0.2% higher at $1,808.70.
Oil prices climbed on Tuesday, mostly reversing the previous day's losses, as tight supply and expectations of a further draw in U.S. and global crude inventories provided support, although fears over the spreading COVID-19 variant capped gains.
Brent crude for September rose 63 cents, or 0.8%, to $75.79 a barrel by 0852 GMT, after losing 0.5% on Monday.
U.S. West Texas Intermediate crude for August was at $74.70 a barrel, up 60 cents, or 0.8%, having fallen 0.6% the previous day.