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
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: Euro gains as dollar dips on dovish Fed, European stocks rises, Gold gains, Oil edges higher on inventory drawdowns-29th July,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
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
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
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
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
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 dips against dollar as markets await cues from Fed meet, European shares falls, Gold little changed, Oil steadies as supply shortages outweigh the spread of the virus-27th July,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: 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
America’s Roundup: Dollar falls as Fed talks about tapering but sets no timeline, Wall Street ends mixed,Gol
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
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 edges higher against dollar ahead of US inflation data and ECB meeting, European stocks hovering around recent peaks, Gold steady, Oil rallies amid signs of strong fuel demand in Western countries-June 9th,2021
• German Apr Exports (MoM) 0.3%, 0.5% forecast, 1.2% previous
• German Apr Trade Balance 15.9B, 16.3B forecast, 14.3B previous
•German Apr Imports (MoM) -1.7%, -1.1% forecast, 6.5% previous
•Gemran Apr Current Account Balance n.s.a 21.3B, 30.2B previous
Looking Ahead - Economic data ahead (GMT)
•14:00 US Apr Wholesale Trade Sales (MoM) 1.0% forecast, 4.6% previous
•14:00 Canada BoC Interest Rate Decision 0.25% forecast, 0.25% previous
•14:00 US Apr Wholesale Inventories (MoM) 0.8% previous
•14:30 US Gasoline Inventories 0.698M forecast, 1.500M previous
•14:30 US Crude Oil Inventories -2.036M forecast, -5.080M previous
•14:30 US Cushing Crude Oil Inventories 0.784M previous
Looking Ahead - Economic data ahead (GMT)
•14:00 Canada BoC Rate Statement
EUR/USD: The euro edged higher against dollar on Wednesday as traders awaited the next inflation data from the US and a meeting of the European Central Bank (ECB) to gauge the pace of the global recovery and policymakers anticipating a reduction in stimulus. The focus will be on US consumer price data on Thursday, a reading that could affect market expectations that the US Federal Reserve will cut its massive bond-buying program ahead of its meeting next week. The ECB is likely to say it will maintain the current rate of bond purchases at its monetary policy meeting on Thursday. 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 rose slightly against the U.S. dollar on Wednesday, ignoring Northern Ireland's trade issues post Britain's withdrawal from the European Union Britain’s Brexit Secretary David Frost will meet with European Commission Vice-President Marros Sevkovic in London on Wednesday to try to resolve differences in the trade agreement between the British province of Northern Ireland, which still remained within the European Union’s single market after Brexit due to its open land border with Ireland. So far, months of negotiations have had little effect on breaking the deadlock. Britain said on Tuesday that it would notify the European Union that time is running out to find a solution. Immediate resistance can be seen at 1.4187(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 edged lower against the Swiss franc on Wednesday as dollar dipped ahead of US inflation data, which may provide clues as to the Federal Reserve's stance on easing monetary stimulus. The focus is on the US consumer price data released on Thursday and the European Central Bank meeting to get more information on how long policymakers can withdraw support for European economic expansion after the COVID-19 crisis. At 12:00 GMT, the dollar was 0.19 percent lower versus the Swiss franc at 0.8949 . 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 dipped against the Japanese yen on Wednesday as investors awaited fresh cues from inflation data this week and an upcoming Federal Reserve meeting. The United States Central Bank has said that the rise in inflation this quarter would be temporary and will not endanger price stability, one of its key mandates. Thursday's US consumer price data is expected to show the headline inflation rate to climb to 4.7% and core inflation to rise. increased to 3.4%.At (GMT 12:10), the dollar was last down 0.08 % at 109.37 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).
European stocks stabilized near all-time highs on Wednesday, with investors not placing big bets ahead of a European Central Bank policy decision and US inflation later this week.
At (GMT 12:00 ),UK's benchmark FTSE 100 was last trading down at 0.36 percent, Germany's Dax was up by 0.49 percent, France’s CAC was last up by 0.06 percent.
Gold remained in a tight range below the $ 1,900 an ounce mark on Wednesday as investors awaited inflation data from the United States and a meeting of the European Central Bank for clues about monetary policy.
Spot gold was down 0.2% at $1,889.84 per ounce by 1135 GMT, while U.S. gold futures slipped 0.1% to $1,892.10.
Oil prices continued to rise on Wednesday amid signs of strong demand for fuel in western economies, while prospects for a return of Iranian supplies diminished as the U.S. Secretary of State said it was unlikely to lift sanctions on Tehran.
Brent crude futures were up 42 cents, or 0.6%, at $72.64 a barrel at 1138 GMT, having earlier touched $72.83, the highest since May 20, 2019. Brent rose 1% on Tuesday.
U.S. West Texas Intermediate (WTI) crude futures climbed 35 cents, or 0.5%, to $70.40 a barrel