Europe Roundup: Euro near 1-month peak versus dollar , European stocks edge higher, Gold firms, Oil rises on declining inventories and weaker dollar-September 2nd,2021
America’s Roundup: Dollar gains after hitting near two-week low, Wall Street ends mixed, Gold dips, Oil settles up as U.S. producers, refiners assess storm damage-August 31st,2021
America’s Roundup: Dollar turns negative on inflation data, Wall street dips,Gold climbs, Oil settles unchanged as latest storm spares U.S. energy sector-September 15th,2021
Europe Roundup: Sterling dips against dollar after retail sales data, European shares dips, Gold recoups some losses, Oil holds above $75 as storm-hit U.S. supply returns slowly-September 17th,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 extends gains, Wall Street ends lower, Gold hits two-week low, Oil settles up 1% on low U.S. output after hurricane, Oil settles up 1% on low U.S. output after hurricane-September 9th,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 dips for second day against dollar,European stocks slip, Gold slips, Oil mixed, fears of slower demand weigh on sentiment-September 7th,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,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
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
Europe Roundup: Euro dips ahead of Thursday’s ECB meeting, European stocks gain, Gold steadies, Oil down after deep Saudi price cuts spur demand concerns-September 6th,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: 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: 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: Dollar skids as soft U.S. inflation weighs, Wall Street ends higher, Gold retreats, Oil prices jump over $2/bbl after drawdown in U.S. stocks-September 16th,2021
Europe Roundup Euro gains after upbeat Euro zone business activity data, :European shares were pinned below record highs, Gold edges lower, Oil prices rise as OPEC + seeks to break the stagnation of the production pact-5th July,2021
• Italian June Services PMI 56.7, 56.0 forecast, 53.1 previous
• Italian June Composite PMI 58.3, 55.7 previous
• French Jun Markit Composite PMI 57.4 , 57.1 forecast, 57.0 previous
• French Jun Services PMI 57.8,57.4 forecast, 56.6 previous
•German Jun Composite PMI 60.1,60.4 forecast, 60.4 previous
•German Jun Services PMI 57.5, 58.1 forecast, 52.8 previous
• EU June Services PMI 58.3,58.0 forecast, 55.2 previous
• EU Jun Markit Composite PMI 59.5,59.2 forecast, 57.1 previous
• UK June Composite PMI 62.2, 61.7 forecast, 62.9 previous
• UK Jun Car Registration (YoY) 28.0%,674.1% previous
• UK Jun Services PMI 62.4 ,61.7 forecast, 62.9 previous
Looking Ahead - Economic Data (GMT)
• 13:00 French 6-Month BTF Auction -0.650% previous
• 13:00 French 3-Month BTF Auction -0.651% previous
• 13:00 French 12-Month BTF Auction -0.648% previous
• 13:30 Canada BoC Business Outlook Survey
• 15:30 Canada 3-Month Bill Auction 0.050% previous
• 15:30 Canada 6-Month Bill Auction 0.055% previous
Looking Ahead - Economic events and other releases (GMT)
•No significant events
EUR/USD: The euro strengthened against dollar on Monday as euro was supported by upbeat Euro zone business activity data. Euro zone businesses expanded activity at the fastest rate in 15 years in June as the easing of more coronavirus restrictions brought life back to the bloc’s dominant service industry, a survey showed on Monday. IHS Markit’s final composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health, jumped to 59.5 last month from May’s 57.1, its highest level since June 2006. Immediate resistance can be seen at 1.1901 (11DMA), an upside break can trigger rise towards 1.1920 (38.2%fib).On the downside, immediate support is seen at 1.1835 (23.6%fib), a break below could take the pair towards 1.1804 (June 2nd low).
GBP/USD: The British pound rose on Monday as investors expected UK government to announce that it will continue its plans to fully reopen the UK economy later this month despite an increase in COVID19 cases. The final step in relieving the lockdown was postponed by four weeks last month to allow more people to get vaccinated as the now prevalent delta variant of the coronavirus is driving an increase in COVID19 cases. The pound edged 0.20% higher to $1.3853 versus the dollar at 11:45 GMT. Immediate resistance can be seen at 1.3856(38.2% fib), an upside break can trigger rise towards 1.3876 (14DMA).On the downside, immediate support is seen at 1.3810(5DMA), a break below could take the pair towards 1.3751 (23.6%fib).
USD/CHF: The dollar was little changed against the Swiss franc on Monday as mixed labor market data last week allayed investor fears of an hastening end to monetary stimulus. Traders' focus this week is on minutes from the Fed's June meeting - due Wednesday - and on a meeting of Australia's central bank, both having the potential to excite currencies market amid uncertainty around policy outlook.At ( GMT 11:40),greenback edged higher 0.02 % versus the Swiss franc to 0.9214.Immediate resistance can be seen at 0.9224 (38.2%fib), an upside break can trigger rise towards 0.9286 (23.6%fib).On the downside, immediate support is seen at 0.9189 (5DMA), a break below could take the pair towards 0.973 (14DMA).
USD/JPY: The dollar declined against yen on Monday as investors focused on the weaker aspects of an overall strong US non-farm data announced on Friday. Data from the US showed that job growth rose 850,000 jobs in June, after rising 583,000 in May. While this was positive for the country, the unemployment rate rose to 5.9% from 5.8% a month ago, most likely dragging the dollar down as fears of the Fed's rate hike eased. At (GMT 11:40),greenback edged lower 0.13% versus the Japanese yen to 110.85. Strong resistance can be seen at 111.18(38.2%fib), an upside break can trigger rise towards 111.76 (23.6%fib).On the downside, immediate support is seen at 110.85(11DMA), a break below could take the pair towards 110.64 (50%fib).
European stock markets fell below record highs on Monday as spread of Delta variant of corona virus heightening concerns about slow economic recovery.
At (GMT 11:43),UK's benchmark FTSE 100 was last trading higher at 0.69 percent, Germany's Dax was down by 0.06percent, France’s CAC was trading up by 0.36 percent.
Gold fell Monday after hitting a two-week high in the previous session as investors waited for more economic data from US for clues about the Federal Reserve's monetary policy plans.
Spot gold was down 0.1% to $1,785.41 per ounce by 0037 GMT, after hitting its highest since June 18 at $1,794.86 on Friday. U.S. gold futures rose 0.1% to $1,785.20.
Oil prices rose on Monday, driven higher by a disagreement inside OPEC+ about output policy that led to a third day of talks to try to break an impasse among producers in the group.
Brent was up 30 cents, or 0.4%, at $76.47 a barrel by 0935 GMT, trading around 2-1/2 year highs. U.S. oil gained 32 cents, or 0.4%, to $75.48 a barrel.