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 eases ahead US payrolls data, Wall Street ends higher, Gold eases,Oil rises on economic recovery hopes, weaker dollar-September 3rd,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 on the back foot amid UK recovery worries, Gold edges up, Oil at one-week high as U.S. supply concerns dominate-September 13th,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 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 as U.S. yields rise before ECB meeting, Wall Street falls, Gold retreats, Oil slides on demand concerns-September 8th,2021
America’s Roundup: U.S. dollar declines after U.S. Fed Chair Powell comments, Wall Street rises, Gold jumps, Oil posts biggest weekly gains in over a year ahead of Hurricane Ida-August 28th,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
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: Dollar drops with US yields, euro buoyed as ECB trims emergency support, Wall Street closes down, Gold gains, Oil dives late, hit by China supply plan, U.S. bond auction-10th Sepember,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
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 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 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 edges higher against greenback ahead of ECB meeting, European stocks gains, Gold eases, Oil prices rise on signs of tightening supplies-22nd July,2021
•French Jul Business Survey 110, 107 forecast, 107 previous
•Belgium Jul Consumer Confidence 8, 8 previous
•UK Jul CBI Industrial Trends Orders 17, 16 forecast, 19 previous
Looking Ahead –Economic Data (GMT)
• 11:45 EU ECB Jul Interest Rate Decision 0.00% forecast, 0.00% previous
• 11:45 EU ECB Jul Deposit Facility Rate -0.50% forecast, -0.50% previous
• 11:45 EU ECB Marginal Lending Facility 0.25% previous
•12:30 US Continuing Jobless Claims 3,100K forecast, 3,241K previous
•12:30 US Jobless Claims 4-Week Avg 382.50K previous
•12:30 US Initial Jobless Claims 350K forecast, 360K previous
•12:30 US Jun Chicago Fed National Activity 0.29 previous
•13:00 Russia Central Bank reserves (USD) 593.7B previous
•14:00 US Jun US Leading Index (MoM) 0.9% forecast, 1.3% previous
•14:00 US Jun Existing Home Sales 5.90M forecast ,5.80M previous
•14:00 EU Jul Consumer Confidence -2.5 forecast , -3.3 previous
•14:00 US Jun Existing Home Sales (MoM) -0.9% previous
•14:30 US Natural Gas Storage 44B forecast, 55B previous
•15:00 US Jul KC Fed Composite Index 27 previous
•15:00 US Jul KC Fed Manufacturing Index 30 previous
•Russia Jun Industrial Production (YoY) 10.1% forecast, 11.8% previous
Looking Ahead - Events, Other Releases (GMT)
•12:30 ECB Press Conference
EUR/USD: The euro edged higher against dollar on Thursday as investors were cautious ahead of European Central Bank meeting scheduled later in the day. ECB’s policy decision, due at 1145 GMT, when it is all but certain to promise an even longer period of stimulus to make good on its commitment to boost inflation.The euro stood at $1.1789, rising off Wednesday's 3-1/2-month low of $1.1752. Immediate resistance can be seen at 1.1820 (38.2%fib), an upside break can trigger rise towards 1.1842 (21DMA).On the downside, immediate support is seen at 1.1754 (23.6% fib), a break below could take the pair towards 1.1721 (Lower BB).
GBP/USD: Britain's pound rose against the dollar for a second day on Thursday as recovering risk sentiment in global markets helped buoy currencies correlated with economic growth. Investor nerves over whether vaccinations will successfully head off future lockdowns amid surging coronavirus cases led to a stock selloff earlier this week, whacking sterling as much as 1.3% lower to the dollar on the week. Sterling continued to rise, up 0.2% at $1.3733 by 0815 GMT. Immediate resistance can be seen at 1.3764 (50%fib),an upside break can trigger rise towards 1.3836 (61.8%fib).On the downside, immediate support is seen at 1.3695 (38.2%fib), a break below could take the pair towards 1.3605 (23.6%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Thursday as investors switched to safety of dollar as worries persisted over the Delta variant's negative impact on economic growth. A revived appetite for riskier assets came as worries that the Delta variant of COVID-19 would seriously crimp economic recovery. At (GMT 10:03), greenback gained 0.03% versus the Swiss franc to 0.9178. Immediate resistance can be seen at 0.9223 (38.2%fib), an upside break can trigger rise towards 0.9263 (Higher BB).On the downside, immediate support is seen at 0.9167 (50%fib), a break below could take the pair towards 0.9111 (61.8%fib).
USD/JPY: The dollar edged higher against the Japanese yen Thursday as greenback continued firm against yen , while investors awaited the European Central Bank policy meeting later in the day. The dollar index held steady, hovering below a 3-1/2-month peak ahead of the ECB policy decision due at 1145 GMT. At 10:03 GMT, the dollar was trading 0.01 percent higher versus the yen at 110.24.Strong resistance can be seen at 110.38(30DMA), an upside break can trigger rise towards 110.48 (23.6%fib).On the downside, immediate support is seen at 110.09 (38.2%fib), a break below could take the pair towards 109.75(50%fib).
European stocks extended gains for a third session on Thursday, as signs of a strong corporate earnings season and expectations that the European Central Bank (ECB) will stick to a dovish stance lifted demand for risky equities.
At (GMT 10:06),UK's benchmark FTSE 100 was last trading up at 0.19 percent, Germany's Dax was up by 0.77 percent, France’s CAC was last up by 0.72 percent.
Gold prices extended slide to their lowest in nearly two weeks on Thursday on the back of a rebound in stocks and firmer U.S. dollar, while investors looked to the European Central Bank for their stance on policy.
Spot gold fell 0.5% to $1,794.58 per ounce by 0843 GMT. U.S. gold futures slipped 0.5% to $1,793.90.
Oil prices rose on Thursday, extending strong gains made in previous sessions on expectations of tighter supplies until the end of the year as economies recover from the coronavirus crisis.
Brent crude rose 27 cents, or 0.4%, to $72.50 a barrel at 0830 GMT, after rising 4.2% in the previous session. U.S. West Texas Intermediate (WTI) crude rose 33 cents, or 0.5%, to $70.63 a barrel, after rising 4.6% on Wednesday.