America’s Roundup: U.S. dollar inches higher to three-month peak,Wall Street gains, Gold little changed, Oil rebounds as market seizes on discounted prices-July 21st,2021
America’s Roundup: Dollar weakens, Wall Street closes at record highs,Gold gains,Oil prices rise over 2% as U.S. inventories decline-10th,July 2021
America’s Roundup: Dollar eases from highest level since start of the year , Wall Street ends higher, Gold hits 1-week low, Oil gains over 4% despite rise in U.S. inventories-22nd July ,2021
America’s Roundup: U.S. dollar inches higher in volatile trading , Wall Street ends higher, Gold edges higher, Oil gains as demand seen outstripping supply-July 23rd,2021
America’s Roundup: Dollar recovers from earlier fall after US jobless claims data, Wall Street ends mixed, Gold scales 1-month peak, Oil falls as investors look out for more supply-16th July,2021
Europe Roundup: Euro dips on firmer dollar, U.S. inflation data in focus ,European stocks dips, Gold subdued ,Oil prices slip as economic worries offset tightening supplies-12th July,2021
Europe Roundup: Sterling dips against greenback, heads for worst week in a month, European shares rise, Gold slips, Oil up, but on track for biggest weekly drop in months-July 16th,2021
Europe Roundup: Euro rebounds from 3-1/2 month lows ,European shares falls,Gold hits 1-month peak, Oil prices extend losses on expected supply increase-July 15th,2021
America’s Roundup: Dollar falls from three-month high as traders unwind risk,Wall Street ends lower, Gold eases, Oil prices rise after big draw in U.S.crude, gasoline stocks-July 9th,2021
Europe Roundup: Euro dips as investors focus shifts to Thursday's ECB meeting, European shares gain, Gold eases, Oil extends gains despite rise in U.S. inventories-21st July, 2021
Europe Roundup: Sterling hits a 5-month low as COVID19 cases rise in the UK, European stocks stabilise, Gold rebounds, Oil rises after slide but COVID-19, supply concerns weigh-July 20th,2021
America’s Roundup: Dollar edges higher amid pandemic concerns ,Wall Street gains, Gold eases, Oil prices slip as economic fears offset tightening crude supplies-July 13th,2021
America’s Roundup: Dollar edges higher as market awaits clues from U.S. Fed, Wall Street dips, Gold firms, Oil drops sharply after OPEC cancels meeting-July 7th,2021
Europe Roundup:Euro falls ahead of ECB meeting, European shares fall, Gold prices at near 1-week low, Oil falls $2 after OPEC+ producers agree to raise output-19th July, 2021
America’s Roundup: Dollar rises after U.S. inflation data, Wall Street falls, Gold flat, Oil gains nearly 2% as investors size up tight market-14th July,2021
America’s Roundup: Dollar falls as Fed's Chairman Powell maintains dovish message, Wall Street ends mixed, Gold gains, Oil dips 2% on oversupply fears after OPEC negotiates a deal-July 15th,2021
Europe Roundup: Euro hits two-month low as hawkish Fed fuels dollar , European shares slip, Gold slips to hit one-month low, Oil prices retreat, but stay near multi-year highs –June 17th,2021
•German May Car Registration (MoM) 0.4%, -21.4% previous
•German May Car Registration (YoY) 37.2%,90.0% previous
• French May Car Registration (MoM) 0.4%, -23.2% previous
• French May Car Registration (YoY) 46.4%,568.8% previous
•UK May Car Registration (MoM) 10.7%,-50.1% previous
•Italian May Car Registration (MoM) -1.6%, -14.5% previous
•Switzerland SNB Interest Rate Decision -0.75%,-0.75% previous
•Italian Apr Trade Balance 5.870B, 5.190B previous
•EU May Core CPI (MoM) 0.2%, 0.2%forecast, 0.5% previous
•EU May CPI (YoY) 2.0%, 2.0% forecast, 1.6% previous
•EU May CPI (MoM) 0.3%,0.3% forecast, 0.6% previous
•EU May Core CPI (YoY) 1.0%,0.9% forecast, 0.9% previous
Looking Ahead - Economic Data (GMT)
•12:30 Canada Apr Foreign Securities Purchases by Canadians 21.22B previous
•12:30 Canada Apr Foreign Securities Purchases 3.25B previous
•12:30 US June Philly Fed Business Conditions 52.7 previous
•12:30 US June Philly Fed New Orders 32.5 previous
•12:30 US June Philadelphia Fed Manufacturing Index 31.0forecast, 31.5 previous
•12:30 US June Philly Fed Prices Paid 76.80 previous
•12:30 US June Philly Fed Employment 19.3 previous
•12:30 US June Philly Fed CAPEX Index 37.40 previous
•12:30 Canada ADP Nonfarm Employment Change 351.3K previous
•12:30 US Initial Jobless Claims 359K forecast, 376K previous
•12:30 US Continuing Jobless Claims 3,430K forecast, 3,499K previous
•12:30 US Jobless Claims 4-Week Avg 402.50K previous
•18:30 Russia Central Bank reserves (USD) 605.2B previous
•19:30 US May Leading Index (MoM) 1.3%forecast, 1.6% previous
•20:00 US Natural Gas Storage 72B, 98B previous
Looking Ahead - Economic events and other releases (GMT)
•12:30 EU ECB’s Lane Speaks
•19:30 US Fed Chair Yellen Testifies
•19:30 ECB's Elderson Speaks
EUR/USD: The euro declined to hit two-month low on Thursday as dollar continued to advance , hitting its highest level in more than two months after the Federal Reserve surprised markets by signaling that it would hike rates and stop buying bonds sooner than expected. After posting its biggest daily gain since March 2020 on Wednesday, the dollar held steady during Thursday's Asian session and then added gains as European markets opened. The euro dropped versus the dollar, with euro-dollar changing hands at a two-month low of $1.19295. Immediate resistance can be seen at 1.1992(200DMA), an upside break can trigger rise towards 1.2051 (50%fib).On the downside, immediate support is seen at 1.1925 (Daily low), a break below could take the pair towards 1.1845 (23.6% fib).
GBP/USD: The pound fell below $1.40 against the U.S. dollar on Thursday as the market reacted to an unexpectedly aggressive move by the Federal Reserve, which boosted the U.S. dollar against other major currencies. Federal Reserve officials said on Wednesday that they will raise interest rates early and stop buying emergency bonds. This led to a rise in US Treasuries and a fall in the equities. The pound was down 0.17% against the dollar, at $1.3955 at 11:40 GMT.Immediate resistance can be seen at 1.3983 (50% fib), an upside break can trigger rise towards 1.4035 (61.8%fib).On the downside, immediate support is seen at 1.3932 (38.2%fib), a break below could take the pair towards 1.3868 (23.6%fib).
USD/CHF: The dollar rose against the Swiss franc on Thursday after the U.S. Federal Reserve unexpectedly brought forward its projections for interest-rate hikes into 2023. On Wednesday, the Fed began to shut down monetary policy driven by the pandemic as officials set a dynamic interest rate hike schedule, began negotiations to end bond purchases during the crisis, and stated that the 15-month health emergency was no longer major obstacle to U.S. commerce. Immediate resistance can be seen at 0.9160 (Daily high), an upside break can trigger rise towards 0.9188 (23.6% fib).On the downside, immediate support is seen at 0.9130 (38.2%fib), a break below could take the pair towards 0.9088 (50%fib).
USD/JPY: The dollar rose sharply against the yen on Thursday after U.S. central bank surprised investors by signalling it would raise interest rates at quicker pace than assumed, sending dollar sharply higher. The Fed's projections showed that 13 of the 18 members of the Monetary Policy Committee saw interest rates rise in 2023, compared to just six before, while seven tipped a first move in 2022. The Fed also pointed out that it will now consider cutting its $120 billion monthly asset purchase plan through meetings and reduce the risk of a pandemic as vaccines progress. Strong resistance can be seen at 110.82 (Daily high), an upside break can trigger rise towards 111.07 (April 6th high).On the downside, immediate support is seen at 110.48(38.2%fib), a break below could take the pair towards 110.01 (38.2% fib).
European shares fell from record highs on Thursday, tracking declines on Wall Street after the Federal Reserve surprised investors by taking a hawkish tone to its policy, while CureVac sank 40% after failing in a pivotal COVID-19 vaccine trial.
At (GMT 11:20 ),UK's benchmark FTSE 100 was last trading down at 0.40 percent, Germany's Dax was up by 0.06 percent, France’s CAC finished was up by 0.06 percent.
Gold fell to its lowest in more than a month on Thursday, pressured by gains in the dollar and U.S. Treasury yields after the Federal Reserve signalled earlier-than-expected interest rate increases.
Spot gold fell 0.4% to $1,804.40 per ounce by 0904 GMT, having touched its lowest since May 6 at $1,799.70.U.S. gold futures were down 3.1% to $1,804.20.
Crude oil prices dipped on Thursday as a stronger U.S. dollar brought them off multi-year highs, but losses were limited by a big drop in U.S. crude oil inventories.
Brent crude oil futures dropped 33 cents, or 0.4%, to $74.06 a barrel by 0836 GMT. They hit their highest since April 2019 in the previous session.