Europe Roundup: Euro dips against dollar ahead of U.S. payrolls data, European stocks inch higher, Gold hits 2-week low, Oil rises towards $72 on demand prospects-June 4th,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
America’s Roundup: Dollar almost unchanged as attention shifts to upcoming US data, ECB meeting, U.S. stocks end lower, Gold range-bound, Oil steadies amid weak summer kickoff for U.S. fuel demand-June 10th,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
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
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
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
Europe Roundup: Sterling dips from 3-year high as new COVID variant fears weighs European shares rise,Gold hits near 5-month high, Brent hits highest since March on demand prospects-June 1st,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 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
Europe Roundup: Sterling was largely unmoved against dollar, European shares gain, Gold slides over 1%,Oil gains as demand improves, supplies shrinks-June 14th,2021
America’s Roundup: Dollar rises on US inflation data as traders await Fed meeting outcome, Wall Street slips,Gold dips, Oil climbs nearly 2%-June 16th,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:Euro dips on dovish ECB tone,European shares rises, Gold dips, Oil inches higher as upbeat demand outlook counters supply concerns-May 28th,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
Europe Roundup: Euro gains after upbeat German retail sales data, European shares gain,Gold inches higher, Oil slips towards $66 as India offsets demand hopes elsewhere-May 3rd, 2021
•German Mar Retail Sales (MoM) 7.7%, 3.0% forecast, 1.2% previous
•German Mar Retail Sales (YoY) 11.0%, -0.3% forecast, -9.0% previous
•Sweden Apr Manufacturing PMI 69.1, 62.5 forecast, 63.7 previous
•Spanish Apr Manufacturing PMI 57.7, 59.0 forecast, 56.9 previous
•Italian Apr Manufacturing PMI 60.7, 61.0 forecast, 59.8 previous
•French Apr Manufacturing PMI 58.9, 59.2 forecast, 59.2 previous
• German Apr Manufacturing PMI 66.2, 66.4 forecast, 66.4 previous
•EU Apr Manufacturing PMI 62.9, 63.3 forecast, 63.3 previous
•French 6-Month BTF Auction -0.629% previous
•French 3-Month BTF Auction-0.627% previous
•French 12-Month BTF Auction-0.623%
Looking Ahead – Economic Data (GMT)
• 13:45 US Apr Manufacturing PMI 60.6 previous
•14:00 US March Construction Spending (MoM) 2.0%,-0.8% previous
•14:00 US ISM Apr ISM Manufacturing Employment 59.6 previous
•14:00 US ISM Apr Manufacturing Prices 86.0, 85.6 previous
• 14:00 US Apr ISM Manufacturing PMI 65.0, 64.7 previous
• 15:30 US Apr ISM Manufacturing New Orders Index 68.0
• 15:30 US 6-Month Bill Auction 0.035% previous
• 15:30 US 3-Month Bill Auction 0.020% previous
Looking Ahead - Economic events and other releases (GMT)
•18:20 US Fed Chair Powell Speaks
•18:10 FOMC Member Williams Speaks
EUR/USD: The euro strengthened against dollar on Monday after data showed German retail sales posted an unexpected surge in March. German retail sales posted their biggest year-on-year increase in March since the start of the COVID-19 pandemic, data showed on Monday, as the relaxation of some lockdown measures boosted purchases of clothes and shoes. The Federal Statistics Office said retail sales jumped 11.0% compared to the same month a year earlier in real terms after an upwardly revised fall of 6.6% in February. Immediate resistance can be seen at 1.2076 (23.6%fib), an upside break can trigger rise towards 1.2155 (Higher BB).On the downside, immediate support is seen at 1.2006 (38.2%fib), a break below could take the pair towards 1.1948 (50%fib).
GBP/USD: The pound rose higher against dollar on Monday as investors were bullish about the global economic recovery looked ahead to a busy week for U.S. economic data that is expected to underline the strength of the rebound. A busy week for U.S. economic data is expected to show resounding strength, particularly for the ISM manufacturing survey and April payrolls. Forecasts are that 978,000 jobs were created in the month as consumers spent their stimulus money and the economy opened up more. By 11:50 GMT, sterling was 0.38% higher against the dollar at $1.3869. Immediate resistance can be seen at 1.3921 (38.2%fib), an upside break can trigger rise towards 1.4012 (Higher BB ).On the downside, immediate support is seen at 1.3805 (14DMA), a break below could take the pair towards 1.3714 (50%fib ).
USD/CHF: The dollar strengthened against the Swiss franc on Monday as market awaited central bank meetings and big-ticket U.S. economic data, waiting for clues on the global inflation outlook and policymakers' responses. Trade was thinned by holidays in Japan, China and Britain, which kept a lid on volatility, leaving the greenback to trade where it settled after a Friday leap. The dollar index, measured against six major currencies, held at 91.210. Immediate resistance can be seen at 0.9152 (38.2%fib), an upside break can trigger rise towards 0.9208 (50%fib).On the downside, immediate support is seen at 0.9076(23.6%fib), a break below could take the pair towards 0.9055(Lower BB).
USD/JPY: The dollar steadied against the Japanese yen on Monday as investors awaited upcoming U raft of global data this week. A raft of U.S. economic data this week, including the ISM manufacturing survey and April payroll numbers, is eyed by investors for further cues about recovery in the world's largest economy. The dollar was last trading up 0.15% at 108.76 yen, after hitting a daily low of 108.65. Strong resistance can be seen at 109.49(50%fib), an upside break can trigger rise towards 110.04 (61.8%fib).On the downside, immediate support is seen at 109.02(50%fib), a break below could take the pair towards 108.41(23.6%fib).
European stocks drifted higher on Monday after strong euro zone factory activity and German retail sales data highlighted a quick rebound in economic growth, with a largely buoyant earnings season adding to the upbeat mood.
At (GMT 11:40 ),UK's benchmark FTSE 100 was last trading down at 0.12% percent, Germany's Dax was down by 0.83% percent, France’s CAC was last down by 0.61%percent.
Gold prices ticked up on Monday, supported by a muted dollar ahead of a series of U.S. data, while auto-catalyst metal palladium held firm after surpassing $3,000 per ounce on concerns over supply shortage in the previous session.
Spot gold was up 0.1% at $1,770.66 per ounce by 0119 GMT, U.S. gold futures rose 0.2% to $1,770.30 per ounce.
Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over a strong demand rebound in countries including the United States and China.
Brent crude fell 35 cents, or 0.5%, to $66.41 a barrel by 1000 GMT. U.S. West Texas Intermediate dropped 27 cents, or 0.4%, to $63.31.