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
America’s Roundup: Dollar dips after U.S. central bank dampens taper hopes, Wall Street ends, Gold gains, Oil gains more than 1% on fuel demand hopes-April 29th,2021
Europe Roundup: Euro gains versus weaker dollar, European shares rises, Gold gains, Oil rises , sets out for weekly gains on demand hopes-16th April ,2021
America’s Roundup: U.S. dollar perks up after ECB policy talk cools euro,U.S. stocks ends down, Gold slips 1%,Oil steady as Libya output decline offsets risks to Asian demand-April 23rd,2021
America’s Roundup: Dollar edges higher from recent lows, Wall Street slides, Gold gains, Oil drops on demand fears as Covid-19 infections floods in India-April 21st ,2021
Europe Roundup: Euro gains ahead of Thursday’s ECB meeting, European shares inch higher, Gold hits 7-week high, Oil steadies as rising Covid cases raise demand concerns-April 19th,2021
Europe Roundup: Euro gains after upbeat German retail sales data, European shares gain,Gold inches higher, Oil slips towards $66 as India offsets demand hopes elsewhere-May 3rd, 2021
America’s Roundup: Dollar heads for longest weekly losing streak since July ,Wall street ends lower,Gold prices dips, Oil prices slips as India's demand fears weigh-May 1st,2021
Europe Roundup: Sterling slips against the dollar as investors look to BoE ,European shares inch higher, Gold edges lower, Oil prices drift lower on India demand hiccup-April 30th,2021
Europe Roundup: Euro dips a focus turns to ECB policy meeting on Thursday, European shares rebound, Gold retreats, Oil dips as rising COVID-19 in India dents demand outlook-April 21st,2021
America’s Roundup: Dollar recovers from a nine-week low ,Gold hits two-week low,Wall Street gains,Oil climbs to fresh 6-week high on bullish demand-30th April,2021
Europe Roundup: Euro holds above $1.20 against dollar, Europe shares ease, Gold gains, Oil hits $68 on Libya force majeure despite pandemic surge-April 20th,2021
America’s Roundup: Dollar rises vs major currencies ahead of Fed meeting, Gold firms, Wall Street ends higher,Oil falls on India's COVID rise; OPEC+ limits drop-April 27th,2021
America’s Roundup: Dollar index hits six-week low, Wall Street slips from record highs, Gold slips from 7-week top, Oil gains as dollar drops, gains capped by rise in Covid-19 cases-April 20th,2021
Europe Roundup: Euro gains against dollar as Euro zone retail sales beat expectations, European stocks gain, Oil prices slip despite big U.S. inventory fall-May 6th,2021
Europe Roundup: Sterling dips against dollar as markets wait for global cues, European shares extend gains, Gold hovers near eight-week high, Oil extends losses on U.S. stock build, pandemic concerns-April 22nd 2021
Europe Roundup: Euro edges higher against dollar after Euro zone factory activity jumps, European shares gain, Gold rises, Oil up as OPEC+ meets to decide on production policy-April 1st,2021
•German Feb Retail Sales (MoM) 1.2%, 2.0% forecast, -4.5% previous
•German Feb Retail Sales (YoY) -9.0%, -6.3% forecast, -8.7% previous
•Russia Mar Markit Manufacturing PMI 51.1, 51.5 previous
•Sweden Manufacturing PMI 63.7, 62.5 forecast, 61.6 previous
•Swiss Feb Retail Sales (YoY) -6.3%,-0.5% previous
•Swiss CPI (YoY) -0.2%,-0.3% forecast, -0.5% previous
•Swiss Mar CPI (MoM) 0.3%, 0.4% forecast, 0.2% previous
• Spanish Mar Manufacturing PMI 56.9, 56.0 forecast, 52.9 previous
• Italian Mar Manufacturing PMI 59.8, 59.8 forecast, 56.9 previous
•French Mar Manufacturing PMI 59.3, 58.8 forecast, 56.1 previous
•German Mar Manufacturing PMI 66.6, 66.6 forecast, 60.7 previous
•Greece March Manufacturing PMI 51.8, 49.4 previous
•EU March Manufacturing PMI 62.5, 62.4 forecast, 57.9 previous
•UK March Manufacturing PMI 58.9, 57.9 forecast, 55.1 previous
Looking Ahead Economic Data (GMT)
•12:30 Canada Feb Building Permits (MoM) -1.4% forecast, 8.2% previous
•12:30 US Initial Jobless Claims 680K forecast, 684K previous
•12:30 US Continuing Jobless Claims 3,775K forecast, 3,870K previous
•12:30 US Jobless Claims 4-Week Avg 736.00K previous
•13:00 Russia Central Bank reserves (USD) 580.9B previous
•13:30 Canada March Manufacturing PMI 54.8 previous
•13:45 Canada Mar Manufacturing PMI 59.0 forecast, 58.6 previous
•14:00 US Feb Construction Spending (MoM) -1.0% forecast, 1.7% previous
•14:00 US March ISM Manufacturing Employment 53.0 forecast, 54.4 previous
•14:00 US Mar ISM Manufacturing Prices 85.0 forecast, 86.0 previous
•14:00 US ISM March Manufacturing PMI 61.3 forecast, 60.8 previous
•16:00 Russia GDP Quarterly (YoY) (Q4) -2.2% forecast, -3.4% previous
Looking Ahead - Events, Other Releases (GMT)
•20:05 US FOMC Member Kaplan Speaks
EUR/USD: The euro edged higher against dollar on Thursday as strong factory activity data out of the euro zone supported euro. Euro zone monthly factory activity growth galloped at its fastest pace in the near 24-year history of a leading business survey last month.IHS Markit's final Manufacturing Purchasing Managers' Index (PMI) jumped to 62.5 in March from February's 57.9, ahead of the initial 62.4 "flash" estimate and the highest reading since the survey began in June 1997. The euro changed hands up 0.06% at $1.1735, after hitting a near five-month low of $1.1704. Immediate resistance can be seen at 1.1754 (5DMA), an upside break can trigger rise towards 1.1819 (38.2%fib).On the downside, immediate support is seen at 1.1654(23.6% fib), a break below could take the pair towards 1.1660 (Lower BB).
GBP/USD: Sterling strengthened against the dollar on Thursday, as upbeat UK manufacturing data boosted sterling. British factories rode a wave of orders in March and prepared for a gradual reopening of the economy from its COVID-19 shutdowns by hiring staff at the fastest rate since 2014, a survey showed on Thursday The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) rose to 58.9, revised up from a preliminary 57.9 and marking the highest reading in just over 10 years.. Immediate resistance can be seen at 1.3807 (38.2%fib), an upside break can trigger rise towards 1.3851 (21DMA).On the downside, immediate support is seen at 1.3764 (5 DMA), a break below could take the pair towards 1.3715(50%fib).
USD/CHF: The dollar edged higher against the Swiss franc on Thursday as investors parsed the details of a $2 trillion U.S. government spending plan and hoped for strong jobs data later in the week. The U.S. currency has gained 3.57% against the basket of six major currencies during the first quarter of 2021, its best quarterly performance since 2018 with investors betting on a swift and robust economic recovery. Immediate resistance can be seen at 0.9478 (23.6 % fib), an upside break can trigger rise towards 0.9501(Higher BB).On the downside, immediate support is seen at 0.9417 (5DMA), a break below could take the pair towards 0.9358 (38.2% fib ).
USD/JPY: The dollar edged higher against the Japanese yen on Thursday as growing bets on faster growth in the United States continued buoy dollar. The U.S. currency held firm against the yen after ending March with its biggest monthly gains since November 2016.The dollar traded at 110.80 yen, having risen to as much as 110.97, its highest in a year. Strong resistance can be seen at 110.97 (23.6% fib), an upside break can trigger rise towards 111.61 (March 16th 2020 high).On the downside, immediate support is seen at 110.27 (5 DMA), a break below could take the pair towards 109.76 (38.2% fib).
European stocks kicked off the new quarter with small gains on Thursday, as optimism around a new U.S. government spending plan eclipsed concerns of another COVID-19 wave with France imposing a third national lockdown.
At (GMT 12:20 ),UK's benchmark FTSE 100 was last trading up at 0.44percent, Germany's Dax was up by 0.49 percent, France’s CAC finished was up by 0.40 percent.
Gold rose on Thursday as a slight pullback in the dollar and U.S. bond yields helped bullion regain some its appeal as an inflation hedge against the backdrop of President Joe Biden's multi-trillion-dollar infrastructure investment plan.
Spot gold rose 0.4% to $1,713.10 per ounce by 1052 GMT, after touching its lowest since March 8 at $1,677.61 on Wednesday. Most markets will be closed for Good Friday on April 2.
Oil prices rose on Thursday on optimism about the strength of U.S and European economies and hopes that OPEC and its allies will keep production curbs in place.
Brent crude rose by $1.33 cents, or 2.1%, to $64.07 a barrel by 1023 GMT. U.S. oil was up $1.36, or 2.3%, at $60.52 a barrel.