America’s Roundup: Dollar slips in risk-off session, Wall Street slips ,Gold edges up, Oil falls after surging past $65 on Texas freeze-February 29h,2021
Europe Roundup: Sterling rises up above $1.39 for first time since 2018,European shares gain,Gold eases, Oil hits 13-month highs as market re-balances-February 15th,2021
Europe Roundup: Sterling hits fresh highs vs dollar , European shares fall, Gold scales 1-week high, Oil rises on positive forecasts, slow U.S. output restart-23rd February 2021
Europe Roundup: Sterling edges higher supported by Britain's swift vaccine roll out, European stocks gain, Gold rebounds, Oil jumps on vaccine optimism, U.S. stimulus-March 1st,2021
America’s Roundup: Dollar extends decline against euro,Wall Street ends mixed, Gold recovers from 7-month low, Oil extends losses as Texas prepares to ramp up output after freeze-February 20th,2021
America’s Roundup: Dollar stabilizes after Powell remarks, S&P 500 closes higher, Gold slid, Oil settles mixed amid post-storm uncertainty, Oil settles mixed amid post-storm uncertainty-February 24th,2021
America’s Roundup: Dollar drops to more than one-month low, Wall Street ends mixed, Gold jumps 1.5% , Oil jumps almost 4% as output slow to recover from Texas storms-February 23rd,2021
America’s Roundup: Dollar gains as U.S. growth seen likely to outperform ,Wall Street dips ,Gold prices slid, Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover-March 4th,2021
America’s Roundup: Dollar hits fresh three-year lows against commodity-linked currencies, Wall Street closes higher ,Gold subdued , Oil rises after data shows slump in U.S. output amid Texas freeze-February 25th,2021
Europe Roundup: Sterling slips below $1.38 after UK GDP data,European shares dip, Gold slips, Oil dips after OPEC reduced demand forecast-February 12th,2021
Europe Roundup: Sterling steadies above $1.41 as risk currencies gain, European shares gain, Gold slips, Oil prices hit 13-mth highs on tighter supplies, Fed assurance on low rates-February 25th,2021
America’s Roundup: U.S. dollar inches up, but off highs, Wall Street trades flat, Gold slips, Oil edges higher on U.S. stimulus hopes, tighter supplies-February 13th,2021
Europe Roundup:Sterling hits fresh highs vs dollar,European shares hover near one-year highs ,Oil prices near 13-month highs, supported by Texas cold snap-February 16th,2021
America’s Roundup: Dollar gains on bullish Bullard comments, upbeat data, Wall Street ends mixed, Gold prices slump, Oil settles near 13-month highs; Texas deep freeze supports-February 17th,2021
America’s Roundup: Dollar gains as U.S. economic picture brightens, Gold slips to two month low, Oil jumps $1/bbl as Texas freeze prompts U.S. output drop-February 18th,2021
Europe Roundup: Sterling rises past $1.42 against greenback, European shares rise, Gold gains, Oil edges higher as surprise U.S. stock build weighs-February 24th,2021
Europe Roundup: Euro slips further as focus shifts to U.S. stimulus, European stocks rises,Gold edges lower, Oil prices ease as pandemic outweighs Chinese and U.S. data-January 14th,2021
• Investors bet on bigger fiscal package by Joe Biden
• Fed Chair Jerome Powell to attend virtual event at 1730 GMT
• German GDP Annual -5.00%,0.60% previous
• Greek Dec CPI (YoY) -2.3%, -2.1% previous
•Greek Dec HICP (YoY) -2.4%, -2.1% previous
•Greek Nov Credit Expansion (YoY) 12.5% , 9.2% previous
•Italian 30-Year BTP Auction 1.470%,1.480% previous
•Irish Dec CPI (MoM) 0.3%, 0.3% previous
•Irish Dec HICP (YoY) -1.0%, -1.0% previous
Looking Ahead – Economic Data (GMT)
•13:30 US Jobless Claims 4-Week Avg 818.75K previous
•13:30 US Initial Jobless Claims 795K forecast, 787K previous
•13:30 US Continuing Jobless Claims 5,061K forecast, 5,072K previous
•13:30 US Dec Export Price Index (MoM) 0.4% forecast, 0.6% previous
•13:30 US Dec Import Price Index (MoM) 0.7% forecast, 0.1% previous
•15:30 US Natural Gas Storage -130B previous
Looking Ahead - Economic events and other releases (GMT)
•16:00 US FOMC Member Bostic Speaks
•18:00 US FOMC Member Kaplan Speaks
EUR/USD: The euro declined on Thursday as expectations that President-elect Joe Biden will lay out a new U.S. $2 trillion stimulus programme boosted dollar. The dollar has risen in four of the last five trading sessions. Expectations are high, but many analysts believe the spending push has already been priced in. The euro slipped 0.05% to $1.214 after sliding 0.4% on Wednesday. Immediate resistance can be seen at 1.2213 (38.2%fib ), an upside break can trigger rise towards 1.2325 (23.6%fib).On the downside, immediate support is seen at 1.2121 (50%fib), a break below could take the pair towards 1.2025 (61.8%fib).
GBP/USD: Sterling rose on Thursday as pushed-back expectations for negative interest rates from the Bank of England and hopes for a quicker economic recovery in Britain given its lead in vaccinations across Europe buoyed the currency. The pound has gained against the dollar , 1.5% respectively this week after Bank of England Governor Andrew Bailey threw a dampener on market expectations for sub-zero rates in Britain. Market pricing for negative interest rates from the central bank has been pushed back by nearly a month, with negative rates now expected in June 2021, compared with May 2021 earlier. Immediate resistance can be seen at 1.3682 (23.6%fib), an upside break can trigger rise towards 1.3759 (Higher BB).On the downside, immediate support is seen at 1.3607 (38.2%fib), a break below could take the pair towards 1.3548 (50%fib).
USD/CHF: The dollar strengthened against the Swiss franc on Thursday as expectations for President-elect Joe Biden’s fiscal stimulus boosted dollar. The dollar has risen in four of the past five trading sessions as the prospect of more stimulus. Expectations are already running high for the stimulus, but many analysts believe the spending push has already been priced in. Immediate resistance can be seen at 0.8910 (Daily high), an upside break can trigger rise towards 0.8919 (23.6%fib).On the downside, immediate support is seen at 0.8890 (38.2%fib), a break below could take the pair towards 0.8866 (50%fib).
USD/JPY: The dollar strengthened against the Japanese yen on Thursday on a report that President-elect Joe Biden will announce a stimulus package as big as $2 trillion. Biden is due to outline his economic plans later on Thursday and U.S. Federal Reserve Chairman Jerome Powell will also speak, either one of which could set yields rising again. The dollar advanced 0.13% to 104.02 yen. Strong resistance can be seen at 104.05(38.2%fib), an upside break can trigger rise towards 104.40 (23.6%fib).On the downside, immediate support is seen at 103.75 (50%fib), a break below could take the pair towards 103.47 (23.6%fib).
European shares rose for a third straight session on Thursday, as hopes of a large stimulus under incoming U.S. President Joe Biden and upbeat Chinese export data boosted sentiment.
At (GMT 12:30 ),UK's benchmark FTSE 100 was last trading up at 0.52 percent, Germany's Dax was up by 0.25 percent, France’s CAC was up by 0.07 percent.
Gold prices edged lower on Thursday as the dollar steadied and U.S. Treasury yields held near 10-month highs, with markets waiting for President-elect Joe Biden to reveal details of his stimulus plan.
Spot gold was 0.2% lower at $1,840.40 per ounce by 1232 GMT, while U.S. gold futures slipped 0.7% to $1,841.60.
Oil prices dipped on Thursday as bullish signals from Chinese import data and U.S. crude oil stocks draws were outweighed by surging coronavirus cases in Europe and new lockdowns in China.
Brent crude oil futures fell 36 cents to $55.70 a barrel by 0917 GMT, while U.S. West Texas Intermediate (WTI) dropped 26 cents to $52.65.