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 edges up as UK COVID infections dips, European stocks dips, Gold rises, Oil falls $1 as coronavirus, slower China imports hit demand-26th July,2021
America’s Roundup : The dollar falls as investors await the outcome of the Fed meeting, Wall Street ends down, Gold firms, Oil prices remain steady as the spread of the virus counters supply bottlenecks-28th July,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
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 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: 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 dips against greenback, heads for worst week in a month, European shares rise, Gold slips, Oil up, but on track for biggest weekly drop in months-July 16th,2021
Europe Roundup: Euro gains against dollar, European shares extend gains,Gold edges up, Oil prices slip as Delta variant spread weighs-August 4th,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 falls as Fed talks about tapering but sets no timeline, Wall Street ends mixed,Gol
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 bounces back from weak private employment report, Wall Street closes mixed, Gold gives up earlier gains, Oil falls on U.S. crude stock build, Delta variant spread-August 5th,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
America’s Roundup: Dollar edges lower ahead of Fed meeting, Wall Street gains, Gold eases ,Oil steadies in undersupplied market but coronavirus cases weigh-27th July,2021
America’s Roundup: U.S. dollar inches higher to three-month peak,Wall Street gains, Gold little changed, Oil rebounds as market seizes on discounted prices-July 21st,2021
Europe Roundup: Euro gains after German inflation data, European stocks retreat, Gold gains, Oil firms near $70 a barrel on improving demand outlook-May 31st,2021
•EU Apr M3 Money Supply (YoY) 9.2%,9.5% forecast,10.1%previous
•EU Private Sector Loans (YoY) 3.8%,3.3% previous
• Italian May CPI (YoY) 1.3%, 1.0% forecast, 1.1% previous
•Italian May HICP (YoY) 1.3%, 1.3% forecast, 1.0% previous
•Italian May HICP (MoM) 0.0%,0.1% forecast, 0.9% previous
•Italian May CPI (MoM) 0.0%,0.4% forecast, 0.4% previous
•Belgian GDP (QoQ) (Q1) 1.0%,0.6% previous
•Portuguese GDP (YoY) (Q1) -5.4%,-5.4% previous
•German May HICP (MoM) 0.3%, 0.3% forecast, 0.5% previous
•German May HICP (YoY) 2.4%, 2.5% forecast, 2.1% previous
•German May CPI (MoM) 0.5%,0.3% , forecast 0.7% previous
•Canada Apr RMPI (YoY) 56.4% ,34.7% previous
•Canada Apr RMPI (MoM) 1.0%, 2.3% previous
•Brazil Apr Budget Balance 30.000B,-44.528B previous
•Canada Apr IPPI (YoY) 14.3%,10.0% previous
•Brazil Apr Budget Surplus 24.300B, 16.750B forecast, 4.981B previous
•Brazil Apr Debt-to-GDP ratio 60.5%, 61.3% previous
•Canada Current Account (Q1) 1.2B, -8.3B forecast, -7.3B previous
Looking Ahead - Economic Data (GMT)
•13:00 French 12-Month BTF Auction -0.632% previous
•13:00 French 3-Month BTF Auction -0.635% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro edged higher against dollar on Monday after Germany’s inflation data ,but gains were limited ahead of broader euro zone data on Tuesday. German inflation in May rose 2.5% year-on-year, the highest since 2011, data showed on Monday, accelerating further above the ECB’s “close to but below 2%” target and above expectations. Trading is was lite with traders in the United Kingdom and United States on public holiday. Focus this week is on the European Union, which is expected soon to reveal details about the funding plan for its coronavirus recovery fund after all member states backed the ratification of a law that will allow the EU to start borrowing on the market. Immediate resistance can be seen at 1.2242 (23.6% fib), an upside break can trigger rise towards 1.2283 (Higher BB).On the downside, immediate support is seen at 1.2183 (38.2% fib), a break below could take the pair towards 1.2135(50%fib).
GBP/USD: Sterling was little changed against dollar on Monday as slew of European and U.S. data this week that will provide a clearer picture on the global economy’s recovery path. The main event of the week will be U.S. payrolls on Friday with median forecasts at 650,000 but the outcome is uncertain following April’s shockingly weak 266,000 gain. Although U.S. inflation data last week was above estimates, another big miss on the jobs front would heap pressure on the Fed to postpone plans to wind down its stimulus. Immediate resistance can be seen at 1.4221 (23.6%fib),an upside break can trigger rise towards 1.4283 (Higher BB).On the downside, immediate support is seen at 1.4162 (5DMA), a break below could take the pair towards 1.4089(38.2%fib).
USD/CHF: The dollar was little changed against the Swiss franc on Monday as the greenback failed to maintain a rally made on Friday after a key measure of U.S. inflation showed stronger price gains than expected. The U.S. inflation data released on Friday briefly drove the greenback higher against other currencies, but it ran out of steam ahead of a long weekend in New York and London.For now, the data has had limited impact on investors' expectations that the Federal Reserve will keep the current pace of asset purchases for many months before tapering. Immediate resistance can be seen at 0.9030 (38.2%fib), an upside break can trigger rise towards 0.9101 (50%fib).On the downside, immediate support is seen at 0.8975 (5DMA), a break below could take the pair towards 0.8942 (23.6%fib).
USD/JPY: The dollar came under pressure against yen on Monday, as traders assessed the impact of a surge in U.S. inflation before monthly jobs data later this week. In holiday-thinned trade, investors weighed the impact on U.S. assets of rising price pressures and a dovish Fed. Despite rising inflation, markets don't expect a rate hike well into the back end of 2022.The core PCE price index vaulted 3.1% on Friday, the largest annual gain since July 1992, due to a recovery from the pandemic and various supply disruptions. Strong resistance can be seen at 109.91 (Higher BB), an upside break can trigger rise towards 110.26 (23.6%fib).On the downside, immediate support is seen at 109.66 (38.2%fib), a break below could take the pair towards 109.18(50%fib).
European stocks slipped from record highs on Monday in subdued trading due to holidays in major markets, but optimism over a swift economic recovery put the benchmark index on course for its fourth month of gains.
At (GMT 12:30 ),UK's benchmark FTSE 100 was last trading up at 0.04 percent, Germany's Dax was down by 0.32 percent, France’s CAC finished was down by 0.13 percent.
Gold firmed on Monday and was on course for its biggest monthly jump since July 2020 as the U.S. dollar headed for a second month of decline, while growing inflationary pressures also lifted bullion’s appeal.
Spot gold was up 0.1% at $1,904.34 per ounce by 0848 GMT, while U.S. gold futures rose 0.2% to $1,909.00. Spot prices have climbed nearly 7.7% so far this month.
Oil prices firmed on Monday, with Brent trading near $70 a barrel, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting this week to see how producers will respond.
Brent crude futures rose 69 cents, or 1%, to $69.41 a barrel by 0955 GMT, after reaching a session high of $69.82. U.S. West Texas Intermediate crude was at $67 a barrel, up 68 cents, or 1%.