America’s Roundup: Dollar little changed as traders seek direction from data, Wall Street gains, Gold gains modestly, Oil hits over 1-year high-June 3rd,2021-June 3rd,2021
America’s Roundup: Dollar index hits three-week top in wake of robust U.S. data, US Stocks ends lower, Gold slides over 2%, Oil steady after mixed U.S. crude inventory report-June 4th,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 gives up gains as markets digest economic data, Wall Street rises, Gold retakes $1,900 level, Oil gains as demand outlook counters supply fears-May 29th,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 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 after data shows US economy gaining momentum, Wall Street edges up, Gold holds steady, Oil prices gain 1%, boosted by U.S. economic data-May 28th,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 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 edges lower against dollar after UK GDP data fails to impress, European stocks extend gains, Gold eases, Oil rises to fresh multi-year highs on demand recovery-June 11th,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
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 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 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 falls as U.S. non-farm payrolls lag behind expectations, Wall Street ends higher, Gold rebounds, Oil extends gain on OPEC+ supply discipline and recovering demand-June 5th,2021
Europe Roundup: Euro gains against dollar as Euro zone retail sales beat expectations, European stocks gain, Oil prices slip despite big U.S. inventory fall-May 6th,2021
•German Mar Factory Orders (MoM) 3.0%, 1.7% forecast, 1.2% previous
•German Apr Markit Services PMI 55.2, 55.8 previous
•French Industrial Investments (Q2) 10.0%, 10.0% previous
• German Apr IHS Markit Construction PMI 46.2, 47.5 previous
•UK April Composite PMI 60.7, 60.0 forecast, 56.4 previous
•UK April Services PMI 61.0, 60.1 forecast, 56.3 previous
•EU March Retail Sales (MoM) 2.7%,1.5% forecast, 3.0% previous
•EU March Retail Sales (YoY) 12.0%,9.6% forecast, -2.9% previous
•UK May BoE QE Total 875B, 875B forecast, 875B previous
UK May BoE Interest Rate Decision 0.10%, 0.10% forecast, 0.10% previous
•US Unit Labor Costs (QoQ) (Q1) -0.3%, -0.8% forecast, 6.0% previous
•US Nonfarm Productivity (QoQ) (Q1) 5.4% ,4.3% forecast, -4.2% previous
• US Initial Jobless Claims 498K ,540K forecast, 553K previous
•US Continuing Jobless Claims 3,690K, 3,620K forecast, 3,660K previous
• US Jobless Claims 4-Week Avg 560.00K ,611.75K previous
Looking Ahead - Economic Data (GMT)
•13:00 Russia Central Bank reserves (USD) 589.5B previous
•13:45 US Apr ISM-New York Index 804.5 previous
•13:45 US Apr ISM NY Business Conditions 37.2% previous
•14:30 US Natural Gas Storage 64B forecast, 15B previous
•15:30 US 4-Week Bill Auction 0.000% previous
•15:30 US 8-Week Bill Auction 0.010% previous
Looking Ahead - Economic events and other releases (GMT)
•17:00 US FOMC Member Bostic Speaks
•17:00 US FOMC Member Mester Speaks
•22:05 US FOMC Member Kaplan Speaks
EUR/USD: The euro rose against dollar on Thursday after data showed Euro zone retail sales beat expectations. Euro zone retail sales rose by more than expected in March, data showed on Thursday, pointing to pent-up consumer demand as pandemic lockdowns ease. The European Union’s statistics office Eurostat said on Thursday that retail sales in the 19 countries sharing the euro jumped 2.7% month-on-month in March for a 12.0% year-on-year surge. Immediate resistance can be seen at 1.2060 (38.2%fib), an upside break can trigger rise towards 1.2100 (Psychological level).On the downside, immediate support is seen at 1.1989 (50%fib), a break below could take the pair towards 1.1942 (50DMA).
GBP/USD: Sterling strengthened against the dollar on Thursday after the Bank of England kept the scale of its stimulus programme unchanged on Thursday as Britain's economy shows signs of recovery from its coronavirus slump. The BoE kept its benchmark interest rate at an all-time low of 0.1% and the size of its bond-buying programme unchanged at 895 billion pounds ($1.24 trillion). Sterling rose to hit the day’s high of $1.3942, up 0.2% on the day. Immediate resistance can be seen at 1.3922 (23.6%fib), an upside break can trigger rise towards 1.4005(Higher BB).On the downside, immediate support is seen at 1.3859 (50DMA), a break below could take the pair towards 1.3808 (38.2%fib).
USD/CHF: The dollar declined against the Swiss franc on Thursday as global market risk appetite improved reducing demand for greenback. The greenback has rebounded from a one-month low over the past week, swung by U.S. economic data that has largely supported the case for a rapid recovery from the pandemic, with traders weighing whether a lift in inflation may force the Fed's hand earlier than policymakers have so far suggested. The U.S. economy may be growing more quickly and unemployment falling faster than the core of Federal Reserve policymakers projected in March, Fed Governor Michelle Bowman said on Wednesday. Immediate resistance can be seen at 0.9122(11DMA), an upside break can trigger rise towards 0.9155 (38.2%fib).On the downside, immediate support is seen at 0.9078 (23.6%fib), a break below could take the pair towards 0.9030(Lower BB).
USD/JPY: The dollar dipped against the yen on Thursday as investors awaited the release of U.S. non-farm payrolls data for April due later this week. U.S. private payrolls surged by the most in seven months in April as companies rushed to boost production amid a surge in demand, suggesting the economy gained further momentum early in the second quarter, powered by massive government aid and rising COVID-19 vaccinations. Investors look forward to Friday's U.S. monthly jobs report, which is expected to show nonfarm payrolls increased by 978,000 jobs last month. Strong resistance can be seen at 109.43 (38.2%fib), an upside break can trigger rise towards 109.97(61.8%fb).On the downside, immediate support is seen at 108.94 (38.2%fib), a break below could take the pair towards 108.78 (11DMA).
European stocks inched higher on Thursday, hovering near record levels, as strong earnings reports from AB Inbev and several eurozone banks added to an upbeat mood sparked by solid economic data.
At (GMT 12:40),UK's benchmark FTSE 100 was last trading up at 0.09 percent, Germany's Dax was down by 0.19 percent, France’s CAC was last down by 0.13 percent.
Gold rose on Thursday as the dollar retreated from two-week highs and U.S. Treasury yields fell, with traders focusing on economic data for clues on the Federal Reserve’s strategy on monetary support going forward.
Spot gold was up 0.4% at $1,793 per ounce by 0948 GMT. U.S. gold futures rose 0.5% to $1,793.50 per ounce.
Oil prices slipped after earlier gains on Thursday, weighed by rising COVID-19 infections in India and elsewhere, and despite a much sharper than expected fall in U.S. crude inventories.
Brent crude oil futures fell by 28 cents, or 0.4%, to $68.68 a barrel by 0939 GMT, and West Texas Intermediate (WTI) U.S. crude futures lost 31 cents, or 0.5%, to $65.32 a barrel.