America’s Roundup: U.S. dollar mixed as investors hold back ahead of Fed meeting, Wall Street ends mixed, Gold falls, Oil rises as OPEC+ seen sticking to policy despite India COVID surge-April 28th,2021
America’s Roundup: unnerve,Wall Street ends lower, Gold hits 3-month high, Oil climbs 1% on economic recovery hopes despite fresh Asian restrictions-May 18th,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 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
Europe Roundup:Euro climbs on upbeat German investor sentiment,European shares dips, Gold flat, Oil dips as pipeline outage fears ease, India weighs-May 11th,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 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 rises U.S. inflation data ,Wall Street skids on inflation fears, Gold dips, Oil rises to 8-wk high on demand hopes, U.S. export decline-May 13th,2021
Europe Roundup: Sterling transcends above $1.40 for first time since February, European stocks inch higher , Gold gains, Oil gains after cyber-attack leads to closure of U.S. fuel pipelines-May 10th,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
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 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: Euro gains against dollar ahead of U.S. jobs data, European stocks hit a record high , Gold gains,Oil prices set for weekly gain despite India virus surge-May 7th,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 retreats as U.S. data disappoints, Wall Street gains,Gold rises over 1%, Oil rises over 1% as demand hopes bolster sentiment-May 4th 2021
Europe Roundup: Euro holds above $1.20 against dollar, Europe shares ease, Gold gains, Oil hits $68 on Libya force majeure despite pandemic surge-April 20th,2021
•German Mar PPI (YoY) 3.7%, 3.3% forecast, 1.9% previous
•German Mar PPI (MoM) 0.9%,0.6% forecast, 0.7% previous
•UK Feb Average Earnings ex Bonus 4.4%, 4.2% forecast, 4.2% previous
•UK Feb Unemployment Rate 4.9%,5.1% forecast, 5.0% previous
•UK Feb Average Earnings Index +Bonus 4.5%,4.8% forecast, 4.8% previous
•UK March Claimant Count Change 10.1K, 86.6K previous
•UK Feb Employment Change 3M/3M (MoM) -73K, -150K forecast, -147K previous
• US Redbook (MoM) 13.5%13.2% previous
Looking Ahead – Economic Data (GMT)
•15:30 New Zealand GlobalDairyTrade Price Index 0.3% previous
•16:00 Russian Feb Real Wage Growth (YoY ) 0.2% forecast, 0.1% previous
•16:00 Russian Mar Unemployment Rate 5.6% forecast, 5.7% previous
•16:00 Russian Mar Retail Sales (YoY) -1.3% forecast, -1.3% previous
Looking Ahead - Economic events and other releases (GMT)
•14:00 German Buba Vice President Buch Speaks
EUR/USD: The euro strengthened for the second day against dollar on Tuesday as optimism about the pace of vaccine rollout in Europe and weaker dollar supported euro. Trading remained relatively light, with no major data releases due on Tuesday and attention turning to the European Central Bank meeting on Thursday. Investors hope the meeting will give more clarity about the ECB’s stimulus plans once the bloc’s economic recovery takes hold. The euro was trading up 0.01% at $1.2032 . Immediate resistance can be seen at 1.2080(23.6%fib), an upside break can trigger rise towards 1.2100(Psychological level).On the downside, immediate support is seen at 1.2012 (38.2%fib), a break below could take the pair towards 1.1970(9DMA).
GBP/USD: Sterling hit six weeks high against the dollar on Tuesday weaker dollar and UK labour market data offered support to the British currency .The pound crossed the $1.40 mark for the first time in nearly a month on Monday, rising 1% as it benefited from a broadly weakening dollar that took a hit as risk sentiment returned and volatility slumped in global markets.. Immediate resistance can be seen at 1.4064 (23.6%fib), an upside break can trigger rise towards 1.4120 (23rd feb high ).On the downside, immediate support is seen at 1.3953 (38.2%fib), a break below could take the pair towards 1.3900 (Psychological level).
USD/CHF: The dollar edged higher against the Swiss franc on Tuesday as expectations monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections. Trading remained relatively contained compared to Monday, with no major data releases due on Tuesday. At 12:40 GMT, the dollar was 0.24 percent higher versus the Swiss franc at 0.9161 . Immediate resistance can be seen at 0.9183 (5DMA), an upside break can trigger rise towards 0.9197(38.2%fib).On the downside, immediate support is seen at 0.9131 (23.6%fib), a break below could take the pair towards 0.9100 (Psychological level).
USD/JPY: The dollar edged higher against Japanese yen on Tuesday as optimism about the pace of vaccine rollout in Europe ease reduced fears of another wave of coronavirus cases. The dollar has fallen so far in April as U.S. bond yields retreated from the 14-month highs touched last month. The moves are a reverse of what happened in the first quarter of the year, when the dollar strengthened as U.S. Treasury yields rose, offering higher returns on the greenback. The dollar versus the yen, broke the 108 level overnight, before reversing course, up 0.3% on the day at 108.450. Strong resistance can be seen at 108.47 (38.2%fib), an upside break can trigger rise towards 108.90 (50%fib).On the downside, immediate support is seen at 108.15(23.6%fib), a break below could take the pair towards 107.77(Lower BB).
European shares pulled back on Tuesday after hitting record highs a day earlier, as tobacco companies weighed on UK stocks and many regional indexes edged off pre-pandemic highs.
At (GMT 12:50 ),UK's benchmark FTSE 100 was last down at 1.08 percent, Germany's Dax was down by 0.74 percent, France’s CAC was last down by 1.32 percent.
Gold prices inched higher on Tuesday, hovering below a seven-week peak hit in the previous session, bolstered by a pullback in U.S. Treasury yields and a weaker dollar.
Spot gold was up 0.1% to $1,770.40 per ounce at 1215 GMT, after hitting $1,789.77 on Monday, its highest since Feb. 25. U.S. gold futures climbed 0.1% to $1,772.70 per ounce.
Oil rose to $68 a barrel and hit its highest in a month on Tuesday, supported by disruption to Libyan exports and expectations of a drop in U.S. crude inventories, though rising coronavirus cases in Asia limited gains.
Brent crude was up 55 cents, or 0.8%, at $67.60 a barrel by 1220 GMT after hitting its highest since March 18 at $68.08. U.S. West Texas Intermediate (WTI) crude gained 24 cents, or 0.4%, to $63.62.