America’s Roundup: Dollar slips in risk-off session, Wall Street slips ,Gold edges up, Oil falls after surging past $65 on Texas freeze-February 29h,2021
America’s Roundup: Dollar hits three-month highs as Fed's Powell sticks to script, Wall Street slumps, Gold falls, Oil scales 1-year peak as OPEC+ rolls over output for April-March 5th,2021
America’s Roundup: Dollar drops to more than one-month low, Wall Street ends mixed, Gold jumps 1.5% , Oil jumps almost 4% as output slow to recover from Texas storms-February 23rd,2021
Europe Roundup: Sterling hits $1.40 for first time in nearly 3 years, European stocks rise, Gold prices fall,Oil extends losses as Texas prepares to ramp up output-February 19th,2021
Europe Roundup: Sterling edges higher supported by Britain's swift vaccine roll out, European stocks gain, Gold rebounds, Oil jumps on vaccine optimism, U.S. stimulus-March 1st,2021
America’s Roundup: Dollar extends decline against euro,Wall Street ends mixed, Gold recovers from 7-month low, Oil extends losses as Texas prepares to ramp up output after freeze-February 20th,2021
Europe Roundup: Sterling knocked back by bond rout, European shares drop, Gold down 1.4% for the week, Oil drops on dollar strength and OPEC+ supply expectations-February 26th,2021
Europe Roundup:Sterling hits fresh highs vs dollar,European shares hover near one-year highs ,Oil prices near 13-month highs, supported by Texas cold snap-February 16th,2021
Europe Roundup: Euro dips ahead of U.S. retail sales and the U.S. Federal Reserve’s meeting minutes, European shares retreat ,Gold dips, Oil extends rally on Texas supply disruptions-February 17th,2021
Europe Roundup: Sterling weakens against resurgent dollar, European stocks slide, Gold sinks to 9-month low, Oil hits almost 14-month high after OPEC+ extends output cuts-March 5th,2021
Europe Roundup: Sterling hits fresh highs vs dollar , European shares fall, Gold scales 1-week high, Oil rises on positive forecasts, slow U.S. output restart-23rd February 2021
Europe Roundup: Sterling steadies around $1.40 -February 17th,2021, European shares dips,Gold off 7-month low, Oil prices rise with storm-hit U.S. output set for slow return-22nd February, 2021
Europe Roundup: Sterling eases to 2-1/2 week low against dollar, Gold prices edge higher, Oil slips on fears over higher OPEC supply, slower China demand-2nd March,2021
Europe Roundup: Sterling steadies above $1.41 as risk currencies gain, European shares gain, Gold slips, Oil prices hit 13-mth highs on tighter supplies, Fed assurance on low rates-February 25th,2021
America’s Roundup: Dollar gains on bullish Bullard comments, upbeat data, Wall Street ends mixed, Gold prices slump, Oil settles near 13-month highs; Texas deep freeze supports-February 17th,2021
America’s Roundup: Dollar on back foot as market optimism lifts riskier currencies, Gold eases, Oil up on Middle East tensions-February 16th,2021
Europe Roundup: Euro falls after weak Eurozone inflation data, European stocks jumps,Gold firms, Oil hits highest since late Feb on Saudi cuts, U.S. stock draw-January 7th,2020
•German Nov Factory Orders (MoM) 2.3%, -1.2% forecast, 2.9% previous
•Sweden Dec Services PMI (MoM) 56.6, 58.6 previous
•Switzerland Nov Retail Sales (YoY) 1.7% , 3.1% previous
•German Dec IHS Markit Construction PMI 47.1, 45.6 previous
•UK Housing Equity Withdrawal (QoQ) -7.0B, -7.7B previous
•UK Dec Construction PMI 54.6, 55.0 forecast, 54.7 previous
•Italian Dec CPI (YoY) -0.1%, -0.2% previous
•Italian Dec HICP (MoM) 0.2%, 0.3% forecast, 0.0% previous
•Italian Dec HICP (YoY) -0.3%, -0.3% forecast, -0.3% previous
•EU Nov Retail Sales (MoM) -6.1%, -3.4% forecast, 1.5% previous
•EU Dec Core CPI (YoY) 0.2%,0.2% forecast, 0.2% previous
•EU Dec Services Sentiment -17.4, -15.0 forecast, -17.3 previous
•EU Dec Consumer Confidence -13.9, -13.9 forecast, -13.9 previous
•EU Dec CPI (YoY) -0.3%,-0.2% forecast, -0.3% previous
Looking Ahead – Economic Data (GMT)
•13:30 Canada Nov Trade Balance -3.50B forecast, -3.76B previous
•13:30 US Imports 245.10B previous
•13:30 US Exports 182.00B previous
•13:30 US Jobless Claims 4-Week Avg 836.75K previous
•13:30 US Initial Jobless Claims 800K forecast, 787K previous
•13:30 US Continuing Jobless Claims 5,200K forecast, 5,219K previous
•13:30 Canada Nov Exports 46.47B previous
•13:30 Canada Nov Imports 50.23B previous
•13:30 US Nov Trade Balance -65.20B forecast, -63.10B previous
•14:00 Brazil Dec Auto Production (MoM) 0.7% previous
•14:00 Brazil Dec Auto Sales (MoM) 4.6% previous
•15:00 Canada Dec Ivey PMI n.s.a 52.4 previous
•15:00 US Dec ISM Non-Manufacturing PMI 54.6 forecast, 55.9 previous
•15:00 US Dec ISM Non-Manufacturing Business Activity 55.0 forecast, 58.0 previous
•15:00 US Dec ISM Non-Manufacturing Employment 51.5 previous
•15:00 US ISM Non-Manufacturing New Orders 57.2 previous
•15:00 Canada Dec Ivey PMI 54.7 forecast, 52.7 previous
•US Natural Gas Storage -114B previous
Looking Ahead - Economic events and other releases (GMT)
•17:00 US FOMC Member Bullard Speaks
•14:00 FOMC Member Harker Speaks
EUR/USD: The euro declined against dollar on Thursday as weak inflation data weighed on euro. Economic sentiment in the euro zone improved as expected in December, but consumer price trends stayed in negative territory, below analysts’ consensus forecast. Todays inflation reading could be the last negative figure in the current cycle as a temporary German value added tax cut expired at the end of 2020 and crude oil prices are up around 45% since the start of November. Immediate resistance can be seen at 1.2356 (23.6%fib), an upside break can trigger rise towards 1.2400(Psychological level).On the downside, immediate support is seen at 1.2238 (38.2%fib), a break below could take the pair towards 1.2162 (50%fib).
GBP/USD: Sterling held below a 2-1/2 year high on Thursday as speculation swirled that the Bank of England could bring in sub-zero benchmark interest rates earlier to counter the economic hit from a third coronavirus national lockdown.The pound has shed some of its post-Brexit trade deal gains this week, as traders refocussed on the impact of the COVID-19 crisis after restrictions in Britain were tightened. Sterling edged lower against the dollar, trading around the $1.3589 mark. It climbed above $1.37 for the first time since May 2018 on Monday. Immediate resistance can be seen at 1.3682 (100 DMA), an upside break can trigger rise towards 1.3759 (Higher BB).On the downside, immediate support is seen at 1.3595 (38.2%fib), a break below could take the pair towards 1.3523 (50%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Thursday as investors bet Democrat control of the U.S. Congress would enable President-elect Joe Biden to borrow and spend heavily. The dollar had sunk on the Georgia results to a near-three year low against a basket of six major currencies, with traders betting growing U.S. trade and budget deficits would weigh on the greenback. On Thursday it bounced 0.59% to 0.8833. Immediate resistance can be seen at 0.8834(38.2%fib), an upside break can trigger rise towards 0.8857 (11DMA).On the downside, immediate support is seen at 0.8773 (23.6%fib), a break below could take the pair towards 0.8700(Psychological level).
USD/JPY: The dollar strengthened against the Japanese yen on Thursday as demand for greenback increased after violence on Capitol Hill and profit-taking by investors who had been betting on the yen. Hundreds of President Donald Trump’s supporters stormed the U.S. Capitol on Wednesday in a bid to overturn his election defeat, battling police in the hallways and delaying the certification of Democratic President-elect Joe Biden’s victory for hours. The dollar index, which measures the U.S. currency against a basket of peers, rose 0.6% to 89.886. At (GMT 12:40), the yen was last down 0.57 % at 103.59. Strong resistance can be seen at 103.75(38.2%fib), an upside break can trigger rise towards 104.10 (50%fib).On the downside, immediate support is seen at 103.27(38.2%fib), a break below could take the pair towards 102.91 (Daily low).
European stocks climbed for a second straight session on Thursday, as construction stocks gained on upbeat sales forecast from Saint Gobain and commodity-linked shares rose on hopes of larger U.S. stimulus after Democrats won Senate control.
At (GMT 12:40 ),UK's benchmark FTSE 100 was last trading down at 0.44 percent, Germany's Dax was up by 0.49 percent, France’s CAC finished was up by 0.44 percent.
Gold prices rose on Thursday as a Democrat sweep of Georgia’s Senate runoffs boosted expectations of additional U.S. stimulus, although soaring Treasury yields held back bullion below a two-month high scaled in the previous session.
Spot gold advanced 0.4% to $1,925.90 per ounce by 0652 GMT. U.S. gold futures climbed 1% to $1,927.10.
Oil prices hit their highest since late February on Thursday after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia to cut output.
Brent crude was up 18 cents, or 0.3%, at $54.48 a barrel at 1015 GMT after earlier touching $54.90, levels not seen since before the the first COVID-19 lockdowns in the West.
U.S. West Texas Intermediate (WTI) rose as far as $51.28 and was last up 33 cents, or 0.7% at $50.96.