Europe Roundup: Euro dips as dollar firms ahead of U.S. jobs data, European stocks slip, Gold falls, Oil steady after sharp rise on improved demand picture-June 3rd,2021
America’s Roundup: Dollar broadly gains ahead of U.S. inflation data, Wall Street ends mixed,Gold falls, Oil rises as Iranian supply not seen returning soon-June 9th,2021
Europe Roundup: Euro little changed as market participants focused on Thursday's European Central Bank meeting, European stocks ease, Gold slips, Oil eases on Iran concern-June 7th,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
America’s Roundup: Dollar edges lower as investors wait for a catalyst, Wall Street ends mixed, Gold gains, Oil falls on profit taking after hitting 2-year high-June 8th,2021
America’s Roundup:Dollar edges down after inflation data,Wall Street ends higher, Gold edges higher, Oil hits two-year highs on rising demand expectations-June 11th,2021
America’s Roundup: Dollar edges up on manufacturing data,Wall Street edges up, Gold steadies near 5-month peak, Oil settles up after hitting 15-month highs on demand prospects-June 2nd,2021
America’s Roundup: Dollar steadies as investors wait for information on Fed policy, Wall ends mixed, Gold slips, Oil marches to multi-year highs as economies reopen-June 15th,2021
Europe Roundup: Sterling rebounds from 10-day low against greenback, European shares hover below highs, Gold steadies below $1,900, Oil prices fall on fears that Iran may resume supply-May 27th,2021
America’s Roundup: Dollar dips as traders assess the impact of a surge in U.S. inflation, Gold gains, Oil gains near $70 a barrel as demand outlook improves-June 1st,2021
Europe Roundup: Euro eases against dollar after German ZEW economic sentiment weakens in June, European rises to new high, Gold slips, Oil prices fall, but the outlook remains optimistic-June 8th,2021
Europe Roundup: Sterling dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,2021
Europe Roundup: Euro dips after downbeat German retail sales data, European stocks inches higher, Gold prices fall, Oil gains, supported by OPEC+ call to restore supply to the market-June 2nd,2021
Europe Roundup: Sterling falls to one month low versus dollar ,European stocks inches lower, Gold little changed, Oil prices rebound after knock from U.S. driving season data-June 10th,2021
America’s Roundup: Dollar gains as currency investors seek aggressive central banks, Wall Street little changed, Gold slips, Oil hits multi-year highs-June 12th,2021
Europe Roundup:Euro dips on dovish ECB tone,European shares rises, Gold dips, Oil inches higher as upbeat demand outlook counters supply concerns-May 28th,2021
Europe Roundup: Euro gains after data points to stronger recovery, European shares dips, Gold gains, Oil steady as rising India COVID-19 cases weigh-April 23rd,2021
•UK Mar Retail Sales (YoY) 7.2%,3.5%forecast, -3.7% previous
•UK Mar Core Retail Sales (YoY) 7.9%,4.5% forecast, -1.1% previous
•UK Mar Core Retail Sales (MoM) 4.9%,1.9% forecast, 2.4% previous
•UK Mar Public Sector Net Borrowing 27.27B, 18.41B previous
•UK Public Mar Sector Net Cash Requirement 19.225B, 14.162B previous
•UK Mar Retail Sales (MoM) 5.4%,1.5% forecast, 2.1% previous
•French Apr Manufacturing PMI 59.2, 59.0 forecast, 59.3 previous
•French Apr Services PMI 50.4, 46.5 forecast,48.2 previous
•German Apr Manufacturing PMI 66.4, 65.8 forecast ,66.6 previous
•German Apr Services PMI 50.1, 50.8 forecast, 51.5 previous
•German Apr Composite PMI 56.0, 56.8 forecast, 57.3 previous
•EU April Markit Composite PMI 53.7, 52.8 forecast, 53.2 previous
•EU April Services PMI 50.3, 49.1 forecast, 49.6 previous
•Russia Apr Interest Rate Decision 5.00%, 4.75% forecast, 4.50% previous
Looking Ahead - Economic Data (GMT)
•13:45 US April Services PMI 61.9 forecast, 60.4 previous
•13:45 US April Markit Composite PMI 59.7 previous
•13:45 US April Manufacturing PMI 60.5 forecast, 59.1 previous
•14:00 US New Mar Home Sales 886K forecast, 775K previous
•14:00 US Mar New Home Sales (MoM) 12.0% forecast, -18.2% previous
•17:00 U.S. Baker Hughes Total Rig Count 432 previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events ahead
EUR/USD: The euro rose on Friday, edging back towards a seven-week high, having nursed losses after European Central Bank President Christine Lagarde squashed speculation that policymakers will start to consider a tapering of bond purchases.Flash purchasing managers' index numbers for April came in better than expected in the euro zone and supported the view that the region's economic recovery is accelerating. Immediate resistance can be seen at 1.2080(23.6%fib), an upside break can trigger rise towards 1.2100 (Psychological level).On the downside, immediate support is seen at 1.2045(5DMA), a break below could take the pair towards 1.2012 (38.2%fib).
GBP/USD: Sterling rebounded on Friday from a sharp fall on Thursday after strong retail sales data and business surveys showed Britain’s economy might already be recovering from its worst annual contraction in 300 years.British retail sales rocketed last month as consumers prepared for a partial lifting of coronavirus lockdown restrictions. After having erased its gains this week on Thursday, the pound was once again set for a weekly gain on Friday, trading 0.3% higher on the day at $1.3878 by 1055 GMT.. Immediate resistance can be seen at 1.3908 (5DMA), an upside break can trigger rise towards 1.3931 (23.6%fib ).On the downside, immediate support is seen at 1.3821 (38.2%fib), a break below could take the pair towards 1.3735 (38.2%fib ).
USD/CHF: The dollar edged lower against the Swiss franc on Friday as traders contemplate the next moves by major central banks ahead of a U.S. Federal Reserve meeting next week. The euro nursed losses after European Central Bank President Christine Lagarde squashed expectations that policymakers will start to consider a tapering of bond purchases due to an improving economic outlook. Fed Chairman Jerome Powell is likely to repeat Lagarde's message that talk of tapering is premature, which would put downward pressure on Treasury yields and cap the dollar's gains against most currencies. Immediate resistance can be seen at 0.9161 (5DMA), an upside break can trigger rise towards 0.9192(38.2%fib).On the downside, immediate support is seen at 0.9123 (23.6%fib), a break below could take the pair towards 0.9100 (Psychological level ).
USD/JPY: The dollar declined against the Japanese yen on Friday as concerns about a global rise in COVID-19 cases prompted moves towards safer assets. Data on manufacturing and services activity from the United States are due later on Friday, which could support positive economic sentiment, but the dollar is unlikely to move much as investors stick to the sidelines before next the Fed's meeting. The dollar stood at 107.90 yen, close to a seven-week low. Strong resistance can be seen at 107.99 (38.2%fib), an upside break can trigger rise towards 108.56 (38.2%fib).On the downside, immediate support is seen at 107.29(23.6%fib), a break below could take the pair towards 107.00(Psychological level).
European stocks were on track for their first weekly loss in eight on Friday as a surge in global coronavirus cases offset optimism about a strong earnings season, while Madrid-based Allfunds jumped in its Amsterdam market debut.
At (GMT 13:00 ),UK's benchmark FTSE 100 was last trading down at 0.63 percent, Germany's Dax was down by 0.92 percent, France’s CAC finished was down by 0.59 percent.
Gold edged higher on Friday and was on track to register a third straight weekly gain supported by a weaker dollar and lower U.S. Treasury yields, while investors awaited a U.S. Federal Reserve policy meeting next week.
Spot gold rose 0.4% to $1,790.65 per ounce by 1156 GMT, having jumped to its highest since Feb. 25 at $1,797.67 on Thursday, and has gained 0.8% so far this week.
Oil prices were broadly steady on Friday with support from a European economic recovery countered by concerns as coronavirus infections in India surged to record levels.
Brent crude dipped 4 cents, or 0.1%, to $65.36 a barrel at 1220 GMT, while U.S. West Texas Intermediate (WTI) U.S. crude gained 7 cents, or 0.1%, to $61.50 a barrel.