America’s Roundup: Dollar slips after disappointing U.S. jobs data, wall street ends higher Gold gains, Oil prices set for weekly gain despite India virus surge-May 8th,2021
America’s Roundup: Dollar eases off of two-week high ahead of jobs report as mega cap , Wall Street rises , Gold firms, Oil ends little changed, U.S. oil inventories fall-May 6th,2021
America’s Roundup: Dollar heads for longest weekly losing streak since July ,Wall street ends lower,Gold prices dips, Oil prices slips as India's demand fears weigh-May 1st,2021
Europe Roundup: Euro breaks to nine-week peak, European shares edge higher,Gold retreats , Oil prices rise, bullish demand outlook offsets India concerns-April 29th,2021
America’s Roundup: Dollar recovers from a nine-week low ,Gold hits two-week low,Wall Street gains,Oil climbs to fresh 6-week high on bullish demand-30th April,2021
Europe Roundup: Sterling dips ahead of BoE meeting, Scottish elections, European shares dips ,Gold retreats from 2-month high, Oil rises on U.S., Europe demand growth optimism-4th May,2021
Europe Roundup: Euro dips against dollar in wake of US rates talk , European stocks rebound, Gold eases, Oil nears $70 as easing Western lockdowns boost summer demand outlook-May 5th,2021
America’s Roundup: Dollar hits fresh 2-1/2 month low, Wall Street drops, Gold little changed, Oil prices rise on nagging fears of fuel shortages-May 12th,2021
America’s Roundup: Dollar dips after U.S. central bank dampens taper hopes, Wall Street ends, Gold gains, Oil gains more than 1% on fuel demand hopes-April 29th,2021
America’s Roundup: Dollar dips after US retail sales data ,Wall Street ends higher, Gold rises, Oil prices jump as major U.S. fuel pipeline restarts but COVID concerns cap gains-May 15th,2021
Europe Roundup: Sterling slips against the dollar as investors look to BoE ,European shares inch higher, Gold edges lower, Oil prices drift lower on India demand hiccup-April 30th,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
Europe Roundup: Sterling steadies above $1.40 against dollar, European shares dip, Gold hits 1-week low, Oil drops on India's COVID-19 crisis, pipeline resumption-May 13th,2021
America’s Roundup: Dollar index little changed after more proof of rising inflation, Wall Street ends higher ,Gold rebounds, Oil drops 3% on India's COVID-19 catastrophe, U.S. pipeline restart-May 14th,2021
America’s Roundup: Dollar index trades weak close to over 2-month low, Wall Street closes lower, Gold hovers near 3-month peak, Oil gains after cyberattack powers closure of critical U.S. pipelines-May 11th,2021
America’s Roundup: Dollar climbs as risk appetite fades, Gold falls from 2-mth high, Oil rises on U.S. and European demand growth optimism-May 5th,2021
Europe Roundup: Euro gains versus weaker dollar, European shares rises, Gold gains, Oil rises , sets out for weekly gains on demand hopes-16th April ,2021
•UK Mar Car Registration (MoM) 453.4%, -43.1% previous
•French Mar Car Registration (YoY) 191.7%, -20.9% previous
•Italian Mar Car Registration (YoY) 497.2%, -12.3% previous
•Italian Mar Car Registration (MoM) 18.7%,6.7% previous
•German Mar Car Registration (MoM) 50.4%, 14.5% previous
•German Mar Car Registration (YoY) 35.9%, -19.0% previous
•Swiss March PPI (YoY) -0.2%,-1.1% previous
•Swiss Mar March PPI (MoM) 0.6% , 0.3% previous
•Italian Feb Trade Balance 4.754B, 1.587B previous
•EU March CPI (MoM) 0.9%,0.9%forecast, 0.2% previous
•EU March CPI (YoY) 1.3%,1.3% forecast, 1.3% previous
•EU March CPI ex Tobacco (YoY) 1.3%,0.8% previous
•EU March HICP ex Energy & Food (YoY) 1.0%,1.0% forecast, 1.2% previous
Looking Ahead – Economic Data (GMT)
•12:30 Canada Feb Wholesale Sales (MoM) -0.4%forecast,4.0% previous
•12:30 US March Building Permits (MoM) -8.8% previous
•12:30 US March Housing Starts 1.613M forecast, 1.421M previous
•12:30 US March Building Permits 1.750M forecast, 1.720M previous
•12:30 US March Housing Starts (MoM) -10.3% previous
•12:30 Canada Feb Foreign Securities Purchases 1.27B previous
•12:30 Canada Feb Foreign Securities Purchases by Canadians 3.54B previous
•14:00 US April Michigan 5-Year Inflation Expectations 2.70% previous
•14:00 US April Michigan Consumer Expectations 83.6 forecast, 79.7 previous
•14:00 US April Michigan Current Conditions 96.3 forecast, 93.0 previous
•14:00 US April Michigan Michigan Consumer Sentiment 89.6 forecast, 89.6 previous
•15:00 Russia March PPI (MoM) 3.5% previous
•15:00 Russia March PPI (YoY) 10.7% previous
Looking Ahead - Economic events and other releases (GMT)
• No significant events
EUR/USD: The euro strengthened on Friday as the dollar fell broadly as Treasury yields lagged gains. U.S. Treasury yields dived to one-month lows on Thursday as a possible safe-haven bid related to increased U.S.-Russia tensions, along with Japanese buying and technical factors, helped overshadow better-than-expected economic data. Data from the University of Michigan due at 1400 GMT is expected to show a pick-up in U.S. consumer sentiment. The euro was up 0.17% to $1.1985. Immediate resistance can be seen at 1.2000 (Psychological level), an upside break can trigger rise towards 1.2020(23.6%fib).On the downside, immediate support is seen at 1.1957(38.2%fib), a break below could take the pair towards 1.1910(50%fib).
GBP/USD: Sterling steadied against the dollar on Friday, as sterling was helped by a speedy rollout of vaccinations against COVID-19 across the United Kingdom and by dwindling expectations of negative interest rates. Investors awaited the Scottish parliamentary election on May 6.The Scottish National Party (SNP) is expected to perform well again and has vowed to push for a second referendum on independence from the United Kingdom if it wins a majority in the Scottish parliament. Sterling versus a weakening dollar, gained 0.13% to $1.3798, it was set for weekly gains, after ending its worst week of the year against the greenback last Friday. Immediate resistance can be seen at 1.3811 (38.2%fib), an upside break can trigger rise towards 1.3915(23.6%fib).On the downside, immediate support is seen at 1.3712 (50%fib), a break below could take the pair towards 1.3670 (April 12th low ).
USD/CHF: The dollar declined against the Swiss franc on Friday as an extended retreat in Treasury yields weighed on greenback. The benchmark 10-year U.S. Treasury yield dipped to a one-month low of 1.528% overnight, moving further away from March’s 1.776%, it highest in more than a year, even in the face of Thursday’s stronger-than-expected retail sales and employment data. Retail sales increased 9.8% last month, beating expectations for a 5.9% rise. First-time claims for unemployment benefits fell last week to their lowest in more than a year, separate reports showed Thursday. Immediate resistance can be seen at 0.9236(50%fib), an upside break can trigger rise towards 0.9269 (11DMA).On the downside, immediate support is seen at 0.9176(38.2%fib), a break below could take the pair towards 0.9148(Lower BB).
USD/JPY: The dollar dipped against the Japanese yen on Friday amid an extended retreat in Treasury yields, as investors increasingly bought into the Federal Reserve's insistence it would keep an accommodative policy stance for a while longer.The benchmark 10-year U.S. Treasury yield dipped to a one-month low of 1.528% overnight, moving further away from March's 1.776%, it highest in more than a year, even in the face of Thursday's stronger-than-expected retail sales and employment data. Strong resistance can be seen at 108.91(50%fib), an upside break can trigger rise towards 109.26 (9DMA).On the downside, immediate support is seen at 108.46(38.2%fib), a break below could take the pair towards 108.18(Lower BB).
European stocks hit a record high on Friday after strong U.S. and China data spurred optimism about a speedy global recovery, while strong results from Germany’s Daimler boosted carmakers.
At (GMT 12:20 ),UK's benchmark FTSE 100 was last trading up at 0.52 percent, Germany's Dax was up by 1.12 percent, France’s CAC was last up by 0.44 percent.
Gold prices firmed near a seven-week peak on Friday, on course to register their best week in five, as a retreat in U.S. Treasury yields and the dollar lifted the metal's appeal.
Spot gold had risen 0.3% to $1,767.80 per ounce by 0945 GMT, having hit its highest since Feb. 26 at $1,769.37 on Thursday. It is up 1.4% so far this week.U.S. gold futures were steady at $1,767.10.
Oil rose on Friday and was setting out towards weekly gain as strong demand outlook and indications of monetary recuperation in China and the United States offset rising COVID-19 infections in some other significant economies.
Brent crude rose 8 cents, or 0.1%, to $67.02 a barrel by 1145 GMT, on track for a weekly gain of 6.3% after rising for five straight sessions. U.S. West Texas Intermediate (WTI) crude fell 14 cents, or 0.2%, to $63.32.