Europe Roundup: Sterling dips as traders assess inflation impact, European shares gain,Gold dips, Oil holds above $75 as U.S. inventory drop supports-September 16th,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
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
America’s Roundup: Dollar little changed as US jobs data report looms ,Wall Street ends lower ,Gold rises, Oil settles down 1% as U.S. refineries shut; Washington pushes OPEC to pump more-September 1st,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 turns negative on inflation data, Wall street dips,Gold climbs, Oil settles unchanged as latest storm spares U.S. energy sector-September 15th,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 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 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 softens after ADP data, Wall Street ends mixed,Gold little changed, Oil steadies, OPEC+ sticks to gradual output hikes-September 2nd,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: Euro near 1-month peak versus dollar , European stocks edge higher, Gold firms, Oil rises on declining inventories and weaker dollar-September 2nd,2021
Europe Roundup:Euro inches higher in run-up to ECB verdict, European shares dips,Gold rises, Oil prices firm as U.S. output struggles after storm-September 9th,2021
America’s Roundup: U.S. dollar index hits 4-week high, US stocks fall,Gold firms, Oil falls 2% on risk aversion-September 21st,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: 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
Europe Roundup: Euro gains after upbeat Eurozone GDP data, European shares slip, Gold firms, Oil prices fall, but on track for weekly gain-July 30th,2021
•French GDP (QoQ) (Q2) 0.9%,.8% forecast, -0.1% previous
• French Jun Consumer Spending (MoM) 0.3%,1.4% forecast, 10.4% previous
•French CPI (MoM) 0.1%,0.1% forecast,0.1% previous
•French CPI (YoY) 1.2%, 1.5% previous
•French HICP (MoM) 0.1%, 0.2% previous
• French HICP (YoY) 1.6%,1.9% previous
•German GDP (QoQ) (Q2) 1.5%,2.0% forecast, -1.8% previous
•German GDP (YoY) (Q2) 12.9%,9.6% forecast, -3.4% previous
•EU Jun Unemployment Rate 7.7%, 7.9% forecast, 7.9% previous
•EU Jul CPI (YoY) 2.2%,2.0% forecast, 1.9% previous
•Italian Jul CPI (MoM) 0.3%,0.2% forecast, 0.1% previous
• EU GDP (YoY) 13.7%,-1.3% previous
• EU GDP (QoQ) 2.0%,-0.3% previous
• EU HICP ex Energy and Food (MoM) -0.3%,0.2% previous
Looking Ahead –Economic Data (GMT)
• 12:30 Canada Jun IPPI (MoM) 2.7% previous
• 12:30 US Employment Cost Index (QoQ) (Q2) 0.9% forecast, 0.9% previous
•12:30 Canada Jun RMPI (YoY) 40.1% previous
•12:30 Canada Jun RMPI (MoM) 3.2% previous
•12:30 Canada Jun IPPI (YoY) 16.4% previous
•12:30 US Employment Wages (QoQ) (Q2) 1.00% previous
•12:30 US Employment Benefits (QoQ) (Q2) 0.60% previous
•12:30 US Jun Personal Income (MoM) -0.3% forecast, -2.0% previous
•12:30 US Jun Real Personal Consumption (MoM) -0.4% previous
•12:30 US Jun PCE price index (MoM) 0.4% previous
•12:30 US Jun PCE Price index (YoY) 3.9 previous
•12:30 US Jun Personal Spending (MoM) 0.7% forecast, 0.9% previous
•12:30 Canada May GDP (MoM) -0.3% forecast, -0.3% previous
•13:45 US Jul Chicago PMI 64.6 forecast, 66.1 previous
•14:00 US Jul Michigan Consumer Sentiment 80.8 forecast, 85.5 previous
•14:00 US Michigan Current Conditions 90.7, 84.5 previous
•14:00 US Jul Michigan Consumer Expectations 78.4 forecast, 83.5 previous
•14:00 US Jul Michigan Inflation Expectations 4.8% forecast, 4.2% previous
•14:00 US Jul Michigan 5-Year Inflation Expectations 2.90% forecast, 2.80% previous
•15:00 Canada May Budget Balance (YoY) -314.00B previous
•15:00 Canada May Budget Balance -31.44B previous
•16:00 Dallas Jun Fed PCE 2.80% previous
•17:00 U.S. Baker Hughes Oil Rig Count 380 previous
•17:00 U.S. Baker Hughes Total Rig Count 484 previous
Looking Ahead - Events, Other Releases (GMT)
•No significant events
EUR/USD: The euro strengthened against dollar on Friday after data showed Euro zone GDP rebounds strongly in second quarter. The euro zone economy grew faster than expected in the second quarter, pulling out of a recession caused by the COVID-19 pandemic as curbs to stop the virus were eased.The European Union's statistics office Eurostat said on Friday that its initial estimate of gross domestic product in the 19 countries that use the euro currency was growth of 2.0% quarter-on-quarter and 13.7% year-on-year. Immediate resistance can be seen at 1.1911(38.2%fib),an upside break can trigger rise towards 1.1966 (23.6%fib).On the downside, immediate support is seen at 1.1867 (50%fib), a break below could take the pair towards 1.1828 (61.8%fib).
GBP/USD: Sterling hovered close to a one-month high versus the dollar on Friday and was on course for its strongest week since December ahead of a Bank of England meeting next week.A drop in COVID-19 cases, although they are still high, and the reopening of the British economy have fuelled a rebound in the pound - it has added around 3% in less than a fortnight to hit close to $1.40. By 0745 GMT on Friday, the pound was marginally higher at $1.3965, slightly below the one-month high of $1.3982 reached on Thursday. Immediate resistance can be seen at 1.3983(Higher BB),an upside break can trigger rise towards 1.4022 (23.6%fib).On the downside, immediate support is seen at 1.3918 (38.2%fib), a break below could take the pair towards 1.3833 (50%fib).
USD/CHF: The dollar dipped against the Swiss franc on Friday as renewed signs that the U.S. Federal Reserve might not taper economic support weighed on dollar. Fed Chairman Jerome Powell wrong footed bulls after a policy meeting this week by saying that rate increases were a ways away and the job market still had some ground to cover . The dollar index was last down 0.1% at 91.809. While, greenback dipped 0.10% versus the Swiss franc to 0.9053. Immediate resistance can be seen at 0.9071 (38.2%fib), an upside break can trigger rise towards 0.9109 (50%fib).On the downside, immediate support is seen at 0.9041(Daily low), a break below could take the pair towards 0.9023(23.6%fib).
USD/JPY: The dollar edged higher against the Japanese yen on Friday solid second-quarter U.S. growth numbers had helped dollar gain against yen. The U.S. economy grew past pre-pandemic levels in the second quarter, helped by rising COVID-19 vaccinations and government aid, though the expansion fell short of expectations. Investors will keep a close eye on a bunch of U.S. macro indicators due later in the day including second-quarter employment cost index, personal income and spending for June and the University of Michigan consumer sentiment index for July. Strong resistance can be seen at 109.78(38.2%fib), an upside break can trigger rise towards 109.96 (11DMA).On the downside, immediate support is seen at 109.32 (50%fib), a break below could take the pair towards 108.89(61.8%fib).
European stocks fell from record highs on Friday as concerns about the fast-spreading Delta variant and regulatory actions in China outweighed optimism around quarterly earnings season and an economic recovery.
At (GMT 11:19),UK's benchmark FTSE 100 was last trading down at 0.84 percent, Germany's Dax was down by 0.74 percent, France’s CAC was last down by 0.10 percent.
Gold prices held firm near a two-week high on Friday, heading for their biggest weekly gains in more than two months after the U.S. Federal Reserve cemented investors hopes that interest rates are going to stay low for some time.
Spot gold was up 0.1% at $1,829.10 per ounce by 0917 GMT, after hitting its highest since July 15 at $1,832.40 on Thursday. It is up 1.5% so far for this week.
Oil prices fell on Friday but remained on track to post weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe.
Brent crude futures for September , which expire on Friday, had dropped 6 cents, or 0.1%, to $75.99 a barrel by 1103 GMT, following a 1.75% jump on Thursday.