America’s Roundup: Dollar extends gains, Wall Street ends lower, Gold hits two-week low, Oil settles up 1% on low U.S. output after hurricane, Oil settles up 1% on low U.S. output after hurricane-September 9th,2021
Europe Roundup: Euro dips ahead of Thursday’s ECB meeting, European stocks gain, Gold steadies, Oil down after deep Saudi price cuts spur demand concerns-September 6th,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,2021
America’s Roundup: U.S. dollar strengthens against rivals as Fed's taper talk gathers pace, Wall Street ends mixed, Gold gains, Oil rises to six-week high as U.S. supply concerns dominate-September 14th,2021
America’s Roundup: Dollar softens after ADP data, Wall Street ends mixed,Gold little changed, Oil steadies, OPEC+ sticks to gradual output hikes-September 2nd,2021
America’s Roundup: Dollar index climbs after U.S. retail sales show surprise rebound ,Wall Street slips, Gold slides, Oil prices steady as U.S. storm threat wanes-September 17th,2021
America’s Roundup: Dollar gains after hitting near two-week low, Wall Street ends mixed, Gold dips, Oil settles up as U.S. producers, refiners assess storm damage-August 31st,2021
Europe Roundup: Sterling edges up after UK inflation jump, European stocks slip, Gold eases, Oil prices climb after drawdown in U.S. stocks-September 15th,2021
Europe Roundup: Sterling dips against dollar after retail sales data, European shares dips, Gold recoups some losses, Oil holds above $75 as storm-hit U.S. supply returns slowly-September 17th,2021
Europe Roundup: Euro inches higher against dollar ahead of Powell's speech,European stocks dips,Gold consolidates, Oil rises as storm approaches Gulf of Mexico production hub-August 27th,2021
America’s Roundup: Dollar eases ahead US payrolls data, Wall Street ends higher, Gold eases,Oil rises on economic recovery hopes, weaker dollar-September 3rd,2021
Europe Roundup: Sterling on the back foot amid UK recovery worries, Gold edges up, Oil at one-week high as U.S. supply concerns dominate-September 13th,2021
Europe Roundup:Sterling hits two-week high against dollar, European stocks gain,Gold rises, Oil dips on hurricane impact on U.S. refining, weak China data-August 31st,,2021
America’s Roundup: Dollar little changed as US jobs data report looms ,Wall Street ends lower ,Gold rises, Oil settles down 1% as U.S. refineries shut; Washington pushes OPEC to pump more-September 1st,2021
America’s Roundup: U.S. dollar declines after U.S. Fed Chair Powell comments, Wall Street rises, Gold jumps, Oil posts biggest weekly gains in over a year ahead of Hurricane Ida-August 28th,2021
America’s Roundup: Dollar skids as soft U.S. inflation weighs, Wall Street ends higher, Gold retreats, Oil prices jump over $2/bbl after drawdown in U.S. stocks-September 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
•UK May Employment Change 3M/3M (MoM) 25K ,90K forecast, 113Kprevious
•UK June Claimant Count Change -114.8K,-151.4Kprevious
•UK May Unemployment Rate 4.8%,4.7% forecast, 4.7%previous
•UK May Average Earnings ex Bonus 6.6%,6.6% forecast, 5.6% previous
•UK May Average Earnings Index +Bonus 7.3%, 7.1% forecast, 5.6% previous
• Italian Jun HICP (MoM) 0.2%, 0.2% previous
• Italian Jun CPI Ex Tobacco (MoM) 1.4%, ,1.3% previous
• Italian Jun CPI (MoM) 0.1%, 0.1%,0.1% previous
• Italian Jun CPI (YoY) 1.3%,1.3% forecast, 1.3% previous
• EU Jan Reserve Assets Total 885.46B previous
Looking Ahead –Economic Data (GMT)
•12:30 US Jul Philly Fed Business Conditions 69.2 previous
•12:30 US Jul Philly Fed Employment 30.7 previous
•12:30 US Jul Philly Fed Prices Paid 80.70 previous
•12:30 US Import Price Index (MoM) 1.2% forecast, 1.1% previous
•12:30 US Jul Philadelphia Fed Manufacturing Index 28.0 forecast, 30.7 previous
•12:30 US Jul Export Price Index (MoM) 1.2% forecast, 2.2% previous
•12:30 US Jul NY Empire State Manufacturing Index 18.00 forecast, 17.40 previous
•12:30 Canada ADP Nonfarm Employment Change 101.6K previous
•12:30 Canada New Motor Vehicle Sales (MoM) 167.0% previous
•12:30 US Initial Jobless Claims 360K forecast, 373K previous
•12:30 US Jobless Claims 4-Week Avg 394.50K previous
•12:30 US Continuing Jobless Claims 3,313K forecast, 3,339K previous
•13:15 US Jun Industrial Production (YoY) 16.32% previous
•13:15 US Jun Manufacturing Production (MoM) 0.2% forecast, 0.9% previous
•13:15 US Capacity Utilization Rate 75.6% forecast, 75.2% previous
Looking Ahead - Events, Other Releases (GMT)
•13:30 US Fed Chair Powell Testifies
•15:00 US Chicago Fed President Evans Speaks
EUR/USD: The euro rebounded from 3-1/2 month low against the U.S. dollar on Thursday after dovish comments by the Fed chief broke a recent spike in Treasury yields. In testimony to the U.S. Congress, Fed Chair Jerome Powell said the U.S. economy was still a ways off rom levels the central bank wanted to see before tapering its monetary support. The euro steadied against the greenback, at $1.1831, recovering from an early April low of $1.1772 hit before the Powell testimony in the previous session. Immediate resistance can be seen at 1.1850 (11DMA), an upside break can trigger rise towards 1.1884 (50%fib).On the downside, immediate support is seen at 1.1821 (38.2%fib), a break below could take the pair towards 1.1754(23.6%fib)
GBP/USD: Sterling retreated further against the dollar on Thursday, shrugging off another set of stronger economic data and focusing on the impending end of activity curbs even as COVID-19 infection rates climbed. Britain is set to drop all COVID-linked activity curbs from next Monday, including mandatory mask-wearing. While two-thirds of British adults are fully vaccinated, scientists warn another wave of infections. The anxiety seems to be outweighing signs the economy is bouncing back strongly from the lockdowns. By GMT 0835, sterling eased 0.3% against the dollar at $1.382, retreating further from two-week highs hit at the start of the week. Immediate resistance can be seen at 1.3870 (38.2% fib), an upside break can trigger rise towards 1.3940 (50%fib).On the downside, immediate support is seen at 1.3830 (14DMA), a break below could take the pair towards 1.3780 (23.6%fib).
USD/CHF: The dollar declined against the Swiss franc on Thursday, following further reassurance from Federal Reserve chair Jerome Powell that he was in no rush to tighten policy. Powell said overnight that high inflation seemed linked to reopening, that it would be a mistake to act prematurely to tame it and that tapering bond buying was still a ways off. At 10:37 GMT, the dollar was 0.12 percent higher versus the Swiss franc at 0.9161. Immediate resistance can be seen at 0.9138 (50%fib), an upside break can trigger rise towards 0.9161 (38.2%fib).On the downside, immediate support is seen at 0.9118 (61.8%fib), a break below could take the pair towards 0.9088 (Lower BB).
USD/JPY: The dollar declined against the Japanese yen on Thursday as dovish cues from U.S. Federal Reserve Chair Jerome Powell weighed on dollar. Powell stuck to the view on Wednesday that the current price increases are transitory and the Fed expects to continue its bond-buying until there is “substantial further progress” on jobs, with interest rates pinned near zero likely until at least 2023.His comments came on the heels of a robust U.S. producer prices data. At 10:37 GMT, the dollar was 0.5 percent lower versus the yen at 110.26. Strong resistance can be seen at 110.00 (Psychological level), an upside break can trigger rise towards 110.15 (38.2%fib).On the downside, immediate support is seen at 109.70 (23.6%fib), a break below could take the pair towards 109.47 (Lower BB).
European shares fell for a second straight session on Thursday, as lower crude prices hit oil stocks, while Siemens Energy’s margin outlook weighed on wind energy companies.
At (GMT 10:10 ),UK's benchmark FTSE 100 was last trading down at 0.35 percent, Germany's Dax was down by 0.64 percent, France’s CAC was last down by 0.42 percent.
Gold prices extended gains to a one-month peak on Thursday after U.S. Federal Reserve Chair Jerome Powell played down fears of the early easing of monetary support, sending the dollar and U.S. Treasury yields lower.
Spot gold was up 0.3% at $1,831.70 per ounce, as of 0915 GMT, after hitting its highest since June 16. U.S. gold futures rose 0.4% to $1,833.10.
Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as U.S. fuel stocks rose, raising concerns over demand in the world's largest consumer.
Brent crude dropped 52 cents, or 0.7%, to $74.24 a barrel by 0850 GMT and U.S. West Texas Intermediate (WTI) crude was down 72 cents, or 1%, at $72.41.