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 almost unchanged as attention shifts to upcoming US data, ECB meeting, U.S. stocks end lower, Gold range-bound, Oil steadies amid weak summer kickoff for U.S. fuel demand-June 10th,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
America’s Roundup: Dollar steadies as investors wait for information on Fed policy, Wall ends mixed, Gold slips, Oil marches to multi-year highs as economies reopen-June 15th,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 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 dips on dovish ECB tone,European shares rises, Gold dips, Oil inches higher as upbeat demand outlook counters supply concerns-May 28th,2021
Europe Roundup: Euro little changed as market participants focused on Thursday's European Central Bank meeting, European stocks ease, Gold slips, Oil eases on Iran concern-June 7th,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 rebounds from 10-day low against greenback, European shares hover below highs, Gold steadies below $1,900, Oil prices fall on fears that Iran may resume supply-May 27th,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
America’s Roundup: Dollar rise as Fed officials downplay inflation concerns, Wall Street ends lower, Gold eases, Oil settles higher on stronger demand outlook as U.S inventories fall-May 27th,2021
Europe Roundup: Sterling was largely unmoved against dollar, European shares gain, Gold slides over 1%,Oil gains as demand improves, supplies shrinks-June 14th,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 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 dips against dollar, affected by reopening delay, European shares rise, Gold little changed, Oil rises on optimism about demand outlook-June 15th,2021
Europe Roundup: Euro holds near 8-week highs against the greenback, European shares inch higher, Gold firms, Oil falls on India's COVID surge, supply increase-April 26th,2021
•German Apr Business Expectations 99.5, 101.3 forecast, 100.4 previous
•German Apr Current Assessment 94.1, 94.4 forecast, 93.0 previous
•German Apr Ifo Business Climate Index 96.8, 97.8 forecast, 96.6 previous
•German 12-Month Bubill Auction -0.639%,-0.634% previous
•US March Durables Excluding Defense (MoM) 0.5% ,-0.8% previous
•US March Core Durable Goods Orders (MoM) 1.6%, 1.6%forecast,-0.9% previous
•US March Durable Goods Orders (MoM) 0.5%, 2.5% forecas,-1.2% previous
•US March Goods Orders Non Defense Ex Air (MoM 0.9%, 1.5% forecast, -0.9% previous
Looking Ahead – Economic Data (GMT)
•13:00 French 6-Month BTF Auction -0.622% previous
•13:00 French 3-Month BTF Auction -0.630% previous
•13:00 French 12-Month BTF Auction-0.618% previous
•13:00 Belgium Apr NBB Business Climate -3.1 forecast, -1.0 previous
•14:00 Brazil CAGED Net Payroll Jobs 401.60K previous
•14:30 US Apr Dallas Fed Mfg Business Index 28.9 previous
•15:30 US 6-Month Bill Auction 0.040% previous
•15:30 US 3-Month Bill Auction 0.025% previous
•17:00 US 2-Year Note Auction 0.152% previous
•17:00 US 5-Year Note Auction 0.850% previous
EUR/USD: The euro held at an eight-week high against the dollar on Monday despite a disappointing sentiment survey in Germany as expectations the U.S. Federal Reserve will maintain its dovish stance at a policy meeting weighed on the greenback. German business morale improved by less than expected in April as a third wave of COVID-19 infections and problems with supply of components in the industrial sector seemed to slow the recovery in Europe's largest economy The euro had given up the morning's gains by around midday on the continent, to stand 0.01% lower at $1.2095, clinging to its highest levels since the beginning of March. Immediate resistance can be seen at 1.2121 (23.6%fib), an upside break can trigger rise towards 1.2144(Higher BB).On the downside, immediate support is seen at 1.2041(38.2%fib), a break below could take the pair towards 1.2009 (11DMA).
GBP/USD: Sterling strengthened against the dollar on Monday, ignoring political noise stemming from allegations against Britain's Conservative government as positioning data showed investors still bullish on the currency. The pound appeared unaffected by the news and gained against the dollar for a second week on Friday, helped by better than expected economic data that indicated Britain's economy may be rebounding from its worst annual contraction in 300 years. Sterling was 0.3% higher at $1.3923 , off last week's top of $1.4009. Against the euro it was 0.3% higher at 86.82 pence. Immediate resistance can be seen at 1.3914 (23.6%fib), an upside break can trigger rise towards 1.3971(Higher BB ).On the downside, immediate support is seen at 1.3851 (5DMA), a break below could take the pair towards 1.3806(38.2%fib ).
USD/CHF: The dollar edged high against the Swiss franc on Monday in thin trade, with traders unlikely to take many big bets ahead of some key data due later in the week. Producer price inflation on Wednesday kicks off a sequence of month-end data releases, including national budget and trade figures, which may provide direction for the currency in addition to the U.S. Federal Reserve meeting this week. Immediate resistance can be seen at 0.9177 (38.2%fib), an upside break can trigger rise towards 0.9196 (14DMA).On the downside, immediate support is seen at 0.9101(23.6%fib), a break below could take the pair towards 0.9053(Lower BB).
USD/JPY: The dollar gained against the Japanese yen on Monday as brighter sentiment in world markets and a growing sense the worst may be behind for a coronavirus-battered Global economy Globally, the mood was upbeat amid concerns over rising cases in parts of Asia ahead of U.S. Federal Reserve's meeting, series of economic data. Improving economic indicators and a pickup in the COVID-19 vaccination rollout have started to put some upward pressure on dollar. The dollar was last up 0.02% at 106.05 yen . Strong resistance can be seen at 108.22(38.2%fib), an upside break can trigger rise towards 108.81 (50%fib).On the downside, immediate support is seen at 107.60 (23.6%fib), a break below could take the pair towards 107.00(Psychological level).
European stocks inched higher on Monday as strong metal prices boosted miners and optimism related to reopenings following coronavirus lockdowns lifted travel stocks at the start of a busy week of corporate earnings and economic data.
At (GMT 12:30 ),UK's benchmark FTSE 100 was last trading up at 0.28 percent, Germany's Dax was up by 0.14 percent, France’s CAC was last up by 0.30 percent.
Gold prices held firm on Monday, supported by a weaker dollar ahead of the U.S. Federal Reserve's meeting this week, while supply worries kept palladium near record highs hit in the previous session.
Spot gold was up 0.1% at $1,779.73 an ounce by 0931 GMT. U.S. gold futures rose 0.1% to $1,779.60.
Oil fell on Monday on fears that surging COVID-19 cases in India will dent fuel demand in the world's third-biggest oil importer, while the end of a force majeure on exports from a Libyan terminal and an expected supply increase from OPEC+ added to pressure.
Brent crude dropped $1.02, or 1.5%, to $65.09 a barrel by 1109 GMT. U.S. West Texas Intermediate (WTI) crude was down 90 cents, or 1.5%, at $61.24 a barrel.