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 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 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 brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,2021
America’s Roundup: Dollar dips on weak U.S. jobs growth, Wall Street mixed, Gold climbs, Oil slips as COVID variant weighs on U.S. jobs-September 4th,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
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
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 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 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
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 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
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
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
Europe Roundup: Sterling dips for second day against dollar,European stocks slip, Gold slips, Oil mixed, fears of slower demand weigh on sentiment-September 7th,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
•UK June Public Sector Net Borrowing 22.02B,23.61B previous
•UK June Public Sector Net Cash Requirement 11.254B, 21.710B previous
•Greek May Current Account (YoY) -1.403B, -2.079B previous
•Italian May Industrial Sales (YoY) 40.20%,105.10% previous
•Italian May Industrial Sales (MoM) -1.00%,3.30% previous
•US Mortgage Refinance Index 3,267.6,3,361.5 previous
•US Mortgage Market Index 698.3,727.5 previous
•US MBA Purchase Index 255.8,273.3 previous
Looking Ahead –Economic Data (GMT)
•12:30 Canada June New Housing Price Index (MoM) 1.4% previous
•14:30 US Gasoline Inventories -1.043M forecast, 1.039M previous
•14:30 US Crude Oil Inventories -4.466M forecast, -7.897M previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro dipped against dollar on Wednesday as investors focus shifted to ECB meeting on Thursday. In a quiet day for economic data, currency markets are looking ahead to the European Central Bank (ECB) meeting. A dovish tone is expected after ECB President Christine Lagarde foreshadowed a guidance tweak during an interview last week. The euro was down 0.2% against the dollar at 0731 GMT, at $1.1771, close to its lowest since early April. Immediate resistance can be seen at 1.1793(5DMA), an upside break can trigger rise towards 1.1824 (38.2% fib).On the downside, immediate support is seen at 1.1754 (23.6% fib), a break below could take the pair towards 1.1700 (Psychological level).
GBP/USD: Sterling edged lower on Wednesday and was set for its fifth consecutive daily decline versus the dollar amid rising numbers of COVID Delta variant cases in Britain and confusion around the lifting of restriction in England. The pound this week fell to its lowest point since February 4 of $1.3572 after Prime Minister Boris Johnson lifted most COVID-19 restrictions in England in what local media dubbed Freedom Day. Sterling was last down 0.2% versus the dollar at $1.3608. Immediate resistance can be seen at 1.3644 (Daily high),an upside break can trigger rise towards 1.3696 (38.2%fib).On the downside, immediate support is seen at 1.3601 (23.6%fib), a break below could take the pair towards 1.3572 (20th July low).
USD/CHF: The dollar strengthened against the Swiss franc on Wednesday as investors switched to safety of dollar as worries persisted over the Delta variant's negative impact on economic growth. Investors favoured safe-haven assets like the U.S. dollar and Treasuries as most major nations remained under lockdowns, curtailing economic activity. At (GMT 11:03), greenback gained 0.03% versus the Swiss franc to 0.9215. Immediate resistance can be seen at 0.9234 (Daily high), an upside break can trigger rise towards 0.9267 (23.6%fib).On the downside, immediate support is seen at 0.9194 (38.2%fib), a break below could take the pair towards 0.9176 (11 DMA).
USD/JPY: The dollar rose against the Japanese yen Wednesday as greenback was firm on concerns over the impact of a fast-spreading coronavirus variant. The Delta variant have raised fears that further lockdowns and other restrictions could upend the worldwide economic recovery, pushing investors to safe bets. At 11:03 GMT, the dollar was trading 0.02 percent higher versus the yen at 110.10.Strong resistance can be seen at 110.13(38.2%fib), an upside break can trigger rise towards 110.41 (21 DMA).On the downside, immediate support is seen at 109.69 (38.2%fib), a break below could take the pair towards 109.11(23.6%fib).
A slew of upbeat updates from European blue-chip firms helped the region’s benchmark index rise on Wednesday and further recover from Monday’s sharp losses, while travel stocks roared back after weeks of declines.
At (GMT 11:08),UK's benchmark FTSE 100 was last trading up at 1.66 percent, Germany's Dax was up by 0.83 percent, France’s CAC was last up by 1.30 percent.
Gold prices eased on Wednesday and were on track for a second session of declines as a stronger dollar and rebound in U.S. Treasury yields contended with the metal’s safe-haven status amid worries of a pandemic resurgence.
Spot gold fell 0.3% to $1,805.60 per ounce by 1007 GMT. U.S. gold futures slipped 0.4% to $1,804.30.
Oil prices rose on Wednesday, extending gains from the previous session as improved risk appetite provided support despitedata showing an unexpected rise in U.S. oil inventories last week and a weaker demand outlook due to rising COVID-19 infections.
Brent crude futures gained 84 cents, or 1.2%, to $70.19 a barrel at 0840 GMT, having hit a session low of $68.63 a barrel.
U.S. West Texas Intermediate (WTI) crude futures rose by 84 cents, or 1.3%, to $68.04 a barrel, after falling to $66.44 a barrel earlier on Wednesday.