America’s Roundup: Dollar gains on upbeat U.S. retail sales data, Wall Street falls, Gold slips from one-month peak, Oil drops on rising supply concerns, increase in COVID cases-17th,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
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 advances as Delta variant dampens risk appetite, Wall Street slips, Gold eases, Oil slumps as OPEC agrees output boost-July 20th,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: 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:Euro falls ahead of ECB meeting, European shares fall, Gold prices at near 1-week low, Oil falls $2 after OPEC+ producers agree to raise output-19th July, 2021
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
Europe Roundup: Euro gains as dollar dips on dovish Fed, European stocks rises, Gold gains, Oil edges higher on inventory drawdowns-29th 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,
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
Europe Roundup: Sterling holds firm after UK COVID-19 infections drop, European stocks rise, Gold gains,Oil rises to $75 as U.S. inventory drop counters virus worry-July 28th,2021
America’s Roundup: Dollar eases from highest level since start of the year , Wall Street ends higher, Gold hits 1-week low, Oil gains over 4% despite rise in U.S. inventories-22nd July ,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: Sterling hits a 5-month low as COVID19 cases rise in the UK, European stocks stabilise, Gold rebounds, Oil rises after slide but COVID-19, supply concerns weigh-July 20th,2021
America’s Roundup: Dollar heads for second weekly rise, Wall Street closes at record highs, Gold dips, Oil edges up in weekly rebound on forecasts for tight supplies-24th July,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
• German Apr Industrial Production (MoM) -1.0%, 0.5%forecast, 2.5% previous
• French Apr Trade Balance -6.2B, -6.1B previous
•French Apr Imports 46.9B, 46.1B previous
•French Apr Exports 40.6B, 40.0B previous
•Italian Apr Retail Sales (YoY) 30.4%, 22.9% previous
•EU Employment Change (QoQ) (Q1) -0.3%,-0.3% forecast, 0.3% previous
•EU ZEW Jun Economic Sentiment 81.3, 84.0 previous
•EU GDP (QoQ) (Q1) -0.3%,-0.6% forecast, -0.6% previous
•EU GDP (YoY) (Q1) -1.3%,-1.8% forecast, -1.8% previous
•German Jun ZEW Economic Sentiment 79.8, 86.0 forecast, 84.4 previous
•German Jun ZEW Current Conditions -9.1, -27.8 forecast, -40.1 previous
•US May NFIB Small Business Optimism 99.6, 99.8 previous
Looking Ahead - Economic data (GMT)
•12:30 US Imports 274.48B previous
•12:30 US Exports 200.03B previous
•12:30 US Apr Trade Balance -69.00B, -74.40B previous
•12:30 US Apr Exports 50.62B previous
•12:30 US Apr Trade Balance -0.70B forecast, -1.14B previous
•12:30 US Apr Imports 51.76B previous
•12:55 US Redbook (YoY) 13.0% previous
•14:00 US Apr JOLTs Job Openings 8.300M forecast, 8.123M previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro edged lower against dollar on Tuesday after data showed investor sentiment in Germany fell in June. The economic research institute ZEW said its survey on the economic sentiment of investors had fallen from 84.4 points in the previous month to 79.8 points. A poll had forecast an increase to 86, a separate ZEW indicator of current conditions rose to -9.1 points from -40.1 in the previous month, compared to a consensus forecast of -27.8 points. Immediate resistance can be seen at 1.1212 (23.6%fib), an upside break can trigger rise towards 1.1258 (June 1st high).On the downside, immediate support is seen at 1.2172 (5 DMA), a break below could take the pair towards 1.2148(38.2%fib).
GBP/USD: The British pound fell against a much stronger dollar on Tuesday with no major economic calendar data released, leaving investors focus on the UK government's imminent decision to fully reopen the economy. The British pound is the second-best G10 currency against the dollar this year, behind only the commodity-powered Canadian dollar, and has been fueled by betting on a faster reopening of the UK economy thanks to its vaccination program.By 11:30 GMT, sterling was 0.3% lower to the dollar at $1.4149. Immediate resistance can be seen at 1.4148(Daily high), an upside break can trigger rise towards 1.4250(23.6%fib).On the downside, immediate support is seen at 1.4128 (38.2%fib), a break below could take the pair towards 1.4086(June 4th low).
USD/CHF: The dollar declined against the Swiss franc on Tuesday as traders were cautious before the release of US inflation data this week to seek further guidance on the Fed’s tapering timeline. After last week’s payroll report suppressed expectations of the Fed’s recent tightening of monetary policy, investors are paying close attention to the US inflation data release on Thursday. At 12:00 GMT, the dollar was 0.13 percent lower versus the Swiss franc at 0.8961 . Immediate resistance can be seen at 0.8986 (5 DMA), an upside break can trigger rise towards 0.9027 (38.2% fib).On the downside, immediate support is seen at 0.8941 (23.6% fib), a break below could take the pair towards 0.8900 (Psychological level).
USD/JPY: The dollar strengthened against the Japanese yen on Tuesday but was subdued as investors continue to gauge inflationary pressures ahead of a policy decision from the U.S. Federal Reserve. Investors are waiting for the CPI report to be released later this week to assess the Fed’s next move before the policy decision is announced next week. It is now expected that the Fed will propose an asset reduction plan at the end of 2021, and the actual process will begin in early 2022.At (GMT 12:10), the dollar was last up 0.16 % at 109.40 yen. Strong resistance can be seen at 109.55(38.2%fib), an upside break can trigger rise towards 110.00 (Psychological level).On the downside, immediate support is seen at 109.q3 (50%fib), a break below could take the pair towards 108.67 (61.8%fib).
Boosted by travel and real estate stocks, European stocks hit new highs on Tuesday, but weak German industrial production data and doubts about the lifting of restrictions in the United Kingdom later this month limited gains.
At (GMT 12:00 ),UK's benchmark FTSE 100 was last trading up at 0.60 percent, Germany's Dax was up by 0.18 percent, France’s CAC was last up by 0.35 percent.
Gold fell on Tuesday as a stronger U.S. dollar dampened interest in gold bullion,as investors waited for U.S. inflation data to understand when the Fed will begin to cut its monetary stimulus measures.
Spot gold fell 0.3% to $1,893.51 per ounce by 1048 GMT, while U.S. gold futures eased 0.1% to $1,896.30.
Oil prices continued to fall on Tuesday, due to profit-taking and a strong US dollar,but general optimism about a strong recovery limited losses.
Brent crude was down 35 cents, or 0.5%, at $71.14 a barrel by 0921 GMT, after declining 0.6% on Monday. U.S. oil was off by 32 cents, or 0.5%, at $68.91 a barrel, having dropped by 0.6% in the previous session.