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 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
Europe Roundup:Sterling hits two-week high against dollar, European stocks gain,Gold rises, Oil dips on hurricane impact on U.S. refining, weak China data-August 31st,,2021
Europe Roundup; Sterling steadies near 5-week highs against dollar, European shares dips,Gold little changed, Oil hits 6-week high as U.S. Gulf braces for another hurricane-September 14th,2021
Europe Roundup: Sterling steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
Europe Roundup: Sterling edges up after UK inflation jump, European stocks slip, Gold eases, Oil prices climb after drawdown in U.S. stocks-September 15th,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
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
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
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: 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: 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
Europe Roundup: Sterling slips ahead of vote on new UK tax, European stocks fall, Gold edge higher, Oil climbs on slow U.S. supply return after Hurricane Ida-September 8th,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
Europe Roundup: Euro gains against dollar, European shares extend gains,Gold edges up, Oil prices slip as Delta variant spread weighs-August 4th,2021
•Sweden Jul Services PMI (MoM) 69.1 ,67.4 previous
•French Jun Government Budget Balance -131.3B, -118.8B previous
•Italian Jul Composite PMI 58.6 ,58.3 previous
•Italian Jul Services PMI 58.0 ,58.3 forecast, 56.7 previous
•French Jul Services PMI 56.8 ,57.0 forecast, 57.0 previous
•German Jul Composite PMI 62.4, 62.5 forecast, 62.5 previous
•German Jul Services PMI 61.8 ,62.2 forecast, 62.2 previous
•EU Jul Markit Composite PMI 60.2,60.6 forecast, 60.6 previous
•EU Jul Services PMI 59.8 ,60.4 forecast, 60.4 previous
•UK Jul Services PMI 59.6 ,57.8 forecast, 57.8 previous
•UK Jul Composite PMI 59.2 ,57.7 forecast, 62.2 previous
•EU Jun Retail Sales (MoM) 1.5% ,1.7% forecast, 4.6% previous
Looking Ahead – Economic Data (GMT)
•12:15 US Jul ADP Nonfarm Employment Change 695K forecast, 692K previous
•12:30 Canada Jun Building Permits (MoM) 5.5% forecast, -14.8% previous
•13:45 US Jul Markit Composite PMI 59.7 previous
•13:45 US Jul Services PMI 59.8 previous
•14:00 US Jul ISM Non-Manufacturing Business Activity 60.6 forecast, 60.4 previous
•14:00 US Jul ISM Non-Manufacturing PMI 60.5 forecast, 60.1 previous
•14:00 US Jul ISM Non-Manufacturing Prices 79.5 previous
•14:00 US Jul ISM Non-Manufacturing Employment 49.3 previous
•14:30 US Gasoline Inventories -1.780M forecast, -2.253M previous
•14:30 US Crude Oil Inventories -3.102M forecast, -4.089M previous
Looking Ahead - Events, Other Releases (GMT)
•14:00 US FOMC Member Clarida Speaks
EUR/USD: The euro was little changed against dollar on Wednesday as investors awaited U.S. jobs data for a guide on the interest rate outlook. On the data front, Euro zone business activity roared in July, expanding at its fastest pace in 15 years, as the lifting of more coronavirus restrictions and an accelerated vaccine drive injected life into the bloc’s dominant service industry, a survey showed. IHS Markit’s final composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health, climbed to 60.2 last month from June’s 59.5, its highest level since June 2006 .Immediate resistance can be seen at 1.1904(38.2%fib), an upside break can trigger rise towards 1.1962(23.6%fib).On the downside, immediate support is seen at 1.1841 (50% fib), a break below could take the pair towards 1.1828(9DMA).
GBP/USD: Sterling strengthened against dollar on Wednesday as optimism around Britain's lockdown easing and market anticipation of hawkish signals when the Bank of England meets on Thursday supported sterling. The pound had a rebound after most lockdown measures in England were dropped on July 19, reaching as high as $1.3951. Since then it has stayed mostly above $1.39. .The currency was up 0.14% versus the dollar, at $1.3933 by 1435 GMT Immediate resistance can be seen at 1.3956(Daily high),an upside break can trigger rise towards 1.4030(Higher BB).On the downside, immediate support is seen at 1.3917 (38.2%fib), a break below could take the pair towards 1.3827 (11DMA).
USD/CHF: The dollar strengthened against Swiss franc on Wednesday as investors awaited U.S. jobs data for a guide on the outlook for interest rates. All eyes will be on the latest U.S. non-farm payroll numbers on Friday. The last before U.S. central bankers convene at Jackson Hole to discuss policy - markets are also set to take a hint from Wednesday's U.S. ADP employment survey. At 10:54 GMT, the dollar was trading 0.20 percent higher versus the Swiss franc at 0.9047.Immediate resistance can be seen at 0.9071(38.2%fib), an upside break can trigger rise towards 0.9111 (50%fib).On the downside, immediate support is seen at 0.9023 (23.6%fib), a break below could take the pair towards 0.9000 (Psychological level).
USD/JPY: The dollar gained against the Japanese yen on Wednesday as investors wait for U.S. employment data to provide clues to the pace of monetary tightening in the world’s biggest economy. Ahead of the data, the U.S. dollar was up 0.1% against a basket of currencies while benchmark Treasury yields were up 1 basis point at 1.182%. While, the dollar was trading 0.20 percent higher versus the yen at 109.19.Strong resistance can be seen at 109.33(Daily high), an upside break can trigger rise towards 109.44 (38.2%fib).On the downside, immediate support is seen at 109.09 (50%fib), a break below could take the pair towards 108.92(Lower BB).
European shares notched fresh highs on Wednesday as investors focused on upbeat quarterly earnings and a strong rebound in merger activity despite concerns about the global spread of the Delta variant of coronavirus.
At (GMT 10:17),UK's benchmark FTSE 100 was last trading up at 048 percent, Germany's Dax was up by 0.84 percent, France’s CAC was last up by 0.59 percent.
Gold edged higher on Wednesday, propped up by a subdued dollar, although prices lingered in a narrow range as investors focused on U.S. jobs data due later this week to gauge economic recovery.
Spot gold rose 0.2% to $1,813.78 per ounce by 0652 GMT, while U.S. gold futures were up 0.1% at $1,816.50.
Oil prices slipped on Wednesday as the spread of the coronavirus Delta variant in top consuming countries outweighed Mideast geopolitical tensions and a fall in U.S. inventories.
Brent crude oil futures were down 26 cents, or 0.4%, to $72.15 a barrel by 1031 GMT. U.S. West Texas Intermediate (WTI) crude fell42 cents, or 0.6%, to $70.14 a barrel.